Markets Actual Q4 Q1 Q2 Q3 2021
Currency 34.70 34.87 35.05 35.22 35.4 35.75

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 1.80 -7.7 -2.2 10 7.5 5.5
Unemployment Rate (%) 4.80 7.5 7.3 7.1 7.1 6.9
Inflation Rate (%) 2.81 2.7 3 3.2 3.3 3.5
Balance of Trade (USD Million) -116.20 -180 -180 -180 -180 -180
Current Account (USD Million) 225.30 -300 -300 -300 -300 -340
Current Account to GDP (%) 0.60 1 -1.5 -1.5 -1.5 -1.5
Government Debt to GDP (%) 52.50 59 57 57 57 57
Government Budget (% of GDP) -2.60 -4 -3 -3 -3 -3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 1.80 -7.7 -2.2 10 7.5 5.5
GDP (USD Billion) 12.52 11.4 11.6 11.6 11.6 11.6
GDP Constant Prices (NIO Million) 43200.00 43479 42517 42250 47520 44522
GDP per capita (USD) 1763.22 1610 1520 1520 1520 1520
GDP per capita PPP (USD) 5407.10 5150 5300 5300 5300 5300
Gross Fixed Capital Formation (NIO Million) 10667.60 10223 9846 10433 11734 10468
GDP From Agriculture (NIO Million) 3152.30 3789 3900 3083 3468 3880
GDP From Construction (NIO Million) 711.00 1135 818 695 782 1162
GDP From Manufacturing (NIO Million) 7277.00 6903 6478 7117 8005 7069
GDP From Mining (NIO Million) 766.00 608 745 749 843 622
GDP From Public Administration (NIO Million) 2734.00 2680 2509 2674 3007 2745
GDP From Services (NIO Million) 4336.00 4131 4723 4241 4770 4231
GDP From Transport (NIO Million) 3224.00 3479 3452 3153 3546 3563

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 4.80 7.5 7.3 7.1 7.1 6.9
Wages (NIO Thousands/Month) 10.89 13.6 13.6 13.6 13.6 13.6
Population (Million) 6.54 6.63 6.63 6.63 6.63 6.71

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 2.81 2.7 3 3.2 3.3 3.5
Consumer Price Index CPI (points) 234.10 243 239 240 243 256
Producer Prices (points) 255.80 273 263 263 263 284
Producer Prices Change (%) 0.80 3 3 3 3 3.4
Inflation Rate Mom (%) -0.20 0.5 0.5 0.3 0.4 0.4
Food Inflation (%) 3.30 4.1 4.3 4.1 4.1 4.1
Core Inflation Rate (%) 2.60 3.7 3.9 4.1 4.1 5
Cpi Housing Utilities (points) 221.30 230 226 229 231 243
CPI Transportation (points) 187.40 205 200 196 190 216

Money Actual Q4 Q1 Q2 Q3 2021
Deposit Interest Rate (%) 3.07 2.25 2.25 2.25 2.25 2.25
Interest Rate (%) 10.59 9.5 10 10.2 10.3 10.3
Foreign Exchange Reserves (USD Million) 2739.50 2550 2550 2550 2550 2550

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) -116.20 -180 -180 -180 -180 -180
Current Account (USD Million) 225.30 -300 -300 -300 -300 -340
Current Account to GDP (%) 0.60 1 -1.5 -1.5 -1.5 -1.5
Imports (USD Million) 576.10 680 680 680 680 680
Exports (USD Million) 459.90 500 500 500 500 500
Remittances (USD Million) 134.30 160 160 160 160 126

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 52.50 59 57 57 57 57
Government Budget (% of GDP) -2.60 -4 -3 -3 -3 -3
Government Budget Value (NIO Million) -1110.65 193 193 193 193 193
Government Spending (NIO Million) 16119.40 17473 14878 15765 17731 17892
Military Expenditure (USD Million) 81.30 88 88 88 88 86
Government Debt (USD Million) 7304.10 7800 8100 8300 8500 8700

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q4 Q1 Q2 Q3 2021
Leading Economic Index (%) -9.50 0.4 0.7 0.7 0.7 1.5

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (NIO Million) 146806.60 155653 135502 143577 161487 159389
Gasoline Prices (USD/Liter) 0.84 0.83 0.7 0.67 0.64 0.78


This page has economic forecasts for Nicaragua including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Nicaragua economy.