Nicaragua - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.30 3.4 3.5 3.5 3.6 3.4 percent
Inflation Rate 5.60 5.2 5.4 5.4 5.1 5.5 percent
Balance of Trade -125.10 -156 -175 -175 -150 -130 USD Million
Government Debt to GDP 46.80 50.4 50.4 72.9 72.9 53 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 31.77
32.65 33.64 34.66 35.71 40.24
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.30
percent
2.7 2.3 1.7 1.8 2
GDP 13.81
USD Billion
14.4 14.4 14.9 14.9 15.6
GDP Constant Prices 50307.10
NIO Million
46688 51464 46050 45827 53438
GDP per capita 2016.32
USD
2100 2100 2200 2200 2350
GDP per capita PPP 5321.44
USD
5500 5500 5700 5700 5900
Gross Fixed Capital Formation 15707.80
NIO Million
14443 16069 14625 14461 16685
Gdp From Agriculture 4163.00
NIO Million
3406 4259 2993 3386 4422
Gdp From Construction 1425.00
NIO Million
1303 1458 1427 1299 1514
Gdp From Manufacturing 6883.00
NIO Million
6608 7041 7180 6172 7311
Gdp From Mining 562.00
NIO Million
561 575 636 611 597
Gdp From Public Administration 2744.00
NIO Million
2773 2807 2757 2752 2915
Gdp From Services 6526.00
NIO Million
5154 6676 5024 5227 6932
Gdp From Transport 4087.00
NIO Million
3818 4181 3410 3943 4341
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.30
percent
3.4 3.5 3.5 3.6 3.4
Wages 10.69
NIO Thousands/Month
11.5 11.6 12 11.61 13.6
Population 6.39
Million
6.45 6.46 6.48 6.5 6.71
Wages High Skilled 12800.00
NIO/Month
12975 12975 12975 13082 13092
Wages Low Skilled 5510.00
NIO/Month
5560 5560 5560 5655 5620
Living Wage Family 7810.00
NIO/Month
7810 7810 7900 7810 7900
Living Wage Individual 4840.00
NIO/Month
4840 4840 4840 4840 4840
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 5.60
percent
5.2 5.4 5.4 5.1 5.5
Consumer Price Index CPI 215.00
Index Points
216 222 224 226 247
Producer Prices 250.70
Index Points
255 264 265 264 287
Producer Prices Change 6.70
percent
6 5.5 5.75 5.4 4.2
Inflation Rate Mom 0.40
percent
0.3 0.4 0.4 0.3 0.5
Food Inflation 6.00
percent
2.9 2.1 2.5 3 3.9
Cpi Housing Utilities 199.50
Index Points
201 206 208 210 229
CPI Transportation 185.60
Index Points
185 185 189 195 206
Core Consumer Prices 204.50
Index Points
207 209 211 214 235
Core Inflation Rate 4.20
percent
4.3 4.38 4.43 4.46 4.53
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Money Supply M1 54280.93
NIO Million
53524 53364 53256 53215 53198
Money Supply M2 152876.31
NIO Million
147365 143695 140796 138611 133111
Money Supply M3 155546.22
NIO Million
150931 147802 145466 143766 139790
Deposit Interest Rate 1.25
percent
2 2 2 1.02 4
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -125.10
USD Million
-156 -175 -175 -150 -130
Exports 508.90
USD Million
480 475 485 495 550
Imports 633.90
USD Million
636 650 660 645 680
Current Account 27.90
USD Million
-350 -400 -370 -430 -420
Current Account to GDP -5.00
percent
-6.2 -6.2 -5.7 -5.7 -5.4
Remittances 128.90
USD Million
135 140 145 155 160
Terrorism Index 1.44
1.62 1.64 1.66 1.68 1.69
Foreign Direct Investment 179.00
USD Million
125 192 331 144 206
Capital Flows -146.60
USD Million
-125 -151 -169 -129 -146
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 46.80
percent
50.4 50.4 72.9 72.9 53
Government Budget -1.90
percent of GDP
1 1 0.8 0.8 -0.6
Government Budget Value 2258.09
NIO Million
505 517 517 511 511
Government Spending 17602.10
NIO Million
17525 18007 17586 17603 18698
Government Revenues 11169.40
NIO Million
7013 6968 6974 6973 6973
Fiscal Expenditure 7779.31
NIO Million
6509 6444 6456 6462 6462
Military Expenditure 84.40
USD Million
87.42 88.33 86.9 85.48 83.96
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Leading Economic Index 1.60
percent
3.6 4.3 3.7 3.9 4
Internet Speed 3118.01
KBps
3447 3494 3532 3554 3780
IP Addresses 100378.00
IP
99694 99692 99695 99693 99694
Ease of Doing Business 131.00
128 129 129 130 134
Electricity Production 407.90
Gigawatt-hour
409 410 410 410 410
Corruption Index 26.00
Points
26 26 26 26 27
Corruption Rank 151.00
151 151 152 154 158
Competitiveness Index 3.95
Points
3.84 3.84 3.93 3.95 3.85
Competitiveness Rank 93.00
95 95 94 93 93
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 156802.20
NIO Million
153148 160409 153677 153828 166562
Gasoline Prices 1.05
USD/Liter
0.99 0.94 0.89 0.84 0.61
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 27.66
celsius
26.23 25.15 25.59 26.69 26.59