Nicaragua recorded a Current Account surplus of 7.60 percent of the country's Gross Domestic Product in 2020. source: Consejo Monetario Centroamericanono

Current Account to GDP in Nicaragua averaged -14.21 percent from 1960 until 2020, reaching an all time high of 13.60 percent in 1979 and a record low of -63 percent in 1992. This page provides - Nicaragua Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua Current Account to GDP - values, historical data and charts - was last updated on May of 2021.

Current Account to GDP in Nicaragua is expected to reach 2.30 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nicaragua Current Account to GDP is projected to trend around -1.50 percent in 2022 and -3.20 percent in 2023, according to our econometric models.

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Nicaragua Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
7.60 6.00 13.60 -63.00 1960 - 2020 percent Yearly

Nicaragua Trade Last Previous Highest Lowest Unit
Balance of Trade -137.50 -78.00 -15.80 -359.00 USD Million [+]
Current Account 137.90 354.10 354.10 -464.30 USD Million [+]
Current Account to GDP 7.60 6.00 13.60 -63.00 percent [+]
Imports 541.10 575.20 733.40 53.00 USD Million [+]
Exports 403.50 497.10 538.40 10.50 USD Million [+]
Remittances 156.10 190.90 190.90 19.80 USD Million [+]
Gold Reserves 0.00 0.00 0.47 0.00 Tonnes [+]
Foreign Direct Investment 8.60 16.70 372.30 8.60 USD Million [+]
External Debt 11721.00 11661.30 11857.50 5785.90 USD Million [+]
Capital Flows 101.20 154.30 2373.40 -602.90 USD Million [+]
Terrorism Index 2.36 2.95 2.95 0.00 [+]


Nicaragua Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.