The Gross Domestic Product (GDP) in Nicaragua expanded 10.10 percent in the fourth quarter of 2021 over the same quarter of the previous year. source: Banco Central de Nicaragua

GDP Annual Growth Rate in Nicaragua averaged 3.68 percent from 1995 until 2021, reaching an all time high of 17.70 percent in the second quarter of 2021 and a record low of -9.20 percent in the first quarter of 2019. This page provides - Nicaragua GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.

GDP Annual Growth Rate in Nicaragua is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nicaragua GDP Annual Growth Rate is projected to trend around 2.00 percent in 2023, according to our econometric models.

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Nicaragua GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate 10.10 10.20 percent Dec 2021
GDP Constant Prices 50545.20 46572.30 NIO Million Dec 2021
Gross Fixed Capital Formation 13358.00 12203.00 NIO Million Dec 2021
GDP from Transport 4066.00 3440.00 NIO Million Dec 2021
GDP from Services 6647.00 5431.00 NIO Million Dec 2021
GDP from Public Administration 2827.00 2795.00 NIO Million Dec 2021
GDP from Mining 1191.00 1170.00 NIO Million Dec 2021
GDP from Manufacturing 7843.00 7676.00 NIO Million Dec 2021
GDP from Construction 1510.00 1176.00 NIO Million Dec 2021
GDP from Agriculture 4380.00 3941.00 NIO Million Dec 2021

Nicaragua GDP Annual Growth Rate
The biggest sector of Nicaragua's economy is services (61 percent of GDP), including internal trade (13 percent); transport and communications (9 percent); real estate activities (7 percent) and public administration (7 percent). Industry contributes to 23 percent of GDP with manufacturing (16 percent) and construction (3 percent) accounting for the largest share. The agriculture, livestock, forestry and fishing sector creates 16 percent of the wealth, mainly in agriculture (8 percent) and livestock (6 percent). On the expenditure side, household consumption is the main component of GDP (79 percent), followed by gross fixed capital formation (32 percent) and government spending (15 percent). Exports of goods and services represent 42 percent of GDP while imports account for 68 percent, subtracting 26 percent of total GDP. .
Actual Previous Highest Lowest Dates Unit Frequency
10.10 10.20 17.70 -9.20 1995 - 2021 percent Quarterly