The Gross Domestic Product (GDP) in Nicaragua expanded 3.40 percent in the first quarter of 2021 over the same quarter of the previous year. source: Banco Central de Nicaragua

GDP Annual Growth Rate in Nicaragua averaged 3.42 percent from 1995 until 2021, reaching an all time high of 10.90 percent in the fourth quarter of 1999 and a record low of -9.10 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 2021.

GDP Annual Growth Rate in Nicaragua is expected to be 4.50 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 0.80 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Nicaragua GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2019-01-11 09:00 PM Q3 -4.8% -4.6% -4.2%
2019-04-01 10:00 PM Q4 -7.7% -4.4% -4%

Nicaragua Last Unit Reference Previous Highest Lowest
GDP Annual Growth Rate 3.40 percent Mar/21 -1.90 10.90 -9.10
GDP Constant Prices 44757.00 NIO Million Mar/21 45834.00 114481.80 28593.80
Gross Fixed Capital Formation 10734.00 NIO Million Mar/21 10840.00 15220.40 5835.70
GDP From Transport 3044.00 NIO Million Mar/21 3624.00 4483.00 1706.00
GDP From Services 5112.00 NIO Million Mar/21 5831.00 6463.00 3004.00
GDP From Public Administration 2770.00 NIO Million Mar/21 2773.00 2773.00 1506.00
GDP From Mining 1058.00 NIO Million Mar/21 911.00 1058.00 211.00
GDP From Manufacturing 7729.00 NIO Million Mar/21 6921.00 7729.00 3440.00
GDP From Construction 1031.00 NIO Million Mar/21 1188.00 1532.00 580.00
GDP From Agriculture 3209.00 NIO Million Mar/21 4184.00 4394.00 2051.80

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. .