Markets Actual Q1 Q2 Q3 Q4 2020
Currency 33.47 33.63 33.79 33.96 34.12 34.44
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -7.70 -2.9 0.3 1 1.5 1.5
Unemployment Rate (%) 5.20 6.8 6.5 6 6.5 4
Inflation Rate (%) 6.13 5.8 5.6 5.4 5.3 5.2
Balance of Trade (USD Million) -116.20 -190 -190 -190 -180 -180
Current Account (USD Million) 194.80 90 120 120 -300 -340
Current Account to GDP (%) 0.60 1 1 1 1 -1.5
Government Debt to GDP (%) 52.50 56 56 56 56 57
Government Budget (% of GDP) -2.60 -2.3 -2.3 -2.3 -2.3 -2.1
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Corporate Tax Rate (%) 30.00 30 30 30 30 30
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -7.70 -2.9 0.3 1 1.5 1.5
GDP (USD Billion) 13.12 15.6 15.6 15.6 15.6 16
GDP Constant Prices (NIO Million) 46318.60 44975 46458 46782 47013 47719
GDP per capita (USD) 1860.43 2000 2000 2000 2000 2100
GDP per capita PPP (USD) 4910.00 5900 5900 5900 5900 5900
Gross Fixed Capital Formation (NIO Million) 10667.60 10358 10700 10774 10828 10990
GDP From Agriculture (NIO Million) 4305.20 4180 4318 4348 4370 4435
GDP From Construction (NIO Million) 929.00 902 932 938 943 957
GDP From Manufacturing (NIO Million) 7044.00 6840 7065 7114 7150 7257
GDP From Mining (NIO Million) 625.00 607 627 631 634 644
GDP From Public Administration (NIO Million) 2686.00 2608 2694 2713 2726 2767
GDP From Services (NIO Million) 5187.00 5037 5203 5239 5265 5344
GDP From Transport (NIO Million) 3747.00 3638 3758 3784 3803 3860
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.20 6.8 6.5 6 6.5 4
Wages (NIO Thousands/Month) 10.89 13 13 13 13.6 13.6
Population (Million) 6.47 6.56 6.59 6.61 6.63 6.71
Living Wage Family (NIO/Month) 7510.00 7900 7900 7900 7750 8010
Wages High Skilled (NIO/Month) 13600.00 13082 13082 13082 13092 13150
Wages Low Skilled (NIO/Month) 5400.00 5700 5700 5700 5620 5700
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 6.13 5.8 5.6 5.4 5.3 5.2
Consumer Price Index CPI (points) 228.00 236 240 240 240 253
Producer Prices (points) 255.80 260 263 262 263 272
Producer Prices Change (%) 0.80 3 2.8 2.6 3 3.4
Food Inflation (%) 6.10 5.3 4.9 4.5 4.1 4.1
Inflation Rate Mom (%) 0.00 0.5 0.5 0.3 0.5 0.4
Cpi Housing Utilities (points) 212.80 222 223 224 224 236
CPI Transportation (points) 193.30 201 201 204 204 214
Core Inflation Rate (%) 6.20 5.6 5.4 5.2 5.2 5
Money Actual Q1 Q2 Q3 Q4 2020
Deposit Interest Rate (%) 1.25 2.25 2.25 2.25 2.25 2.25
Foreign Exchange Reserves (USD Million) 2212.90 2400 2400 2400 2550 2550
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -116.20 -190 -190 -190 -180 -180
Current Account (USD Million) 194.80 90 120 120 -300 -340
Current Account to GDP (%) 0.60 1 1 1 1 -1.5
Exports (USD Million) 459.90 475 475 475 500 500
Imports (USD Million) 576.10 665 665 665 680 680
Remittances (USD Million) 134.30 138 130 143 160 126
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 52.50 56 56 56 56 57
Government Budget (% of GDP) -2.60 -2.3 -2.3 -2.3 -2.3 -2.1
Government Budget Value (NIO Million) -303.08 199 199 199 193 193
Government Spending (NIO Million) 15389.60 14943 15436 15543 15620 15855
Military Expenditure (USD Million) 81.30 88 88 88 88 86
Government Debt (NIO Million) 222601.50 260000 260000 260000 265000 265000
Taxes Actual Q1 Q2 Q3 Q4 2020
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 15.00 15 15 15 15 15
Business Actual Q1 Q2 Q3 Q4 2020
Leading Economic Index (%) -7.50 -3.1 0.5 1.4 2.4 2.4
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (NIO Million) 154414.30 149936 154878 155958 156731 159081
Gasoline Prices (USD/Liter) 0.94 1.02 1.05 1.07 1.1 1.1


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.