Government Spending in Nicaragua increased to 16637 NIO Million in 2020 from 15912.30 NIO Million in 2019. source: Banco Central De Nicaragua

Government Spending in Nicaragua averaged 11976.79 NIO Million from 1994 until 2020, reaching an all time high of 16637 NIO Million in 2020 and a record low of 8293.70 NIO Million in 1994. This page provides - Nicaragua Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua Government Spending - values, historical data and charts - was last updated on August of 2021.

Government Spending in Nicaragua is expected to reach 16345.00 NIO Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nicaragua Government Spending is projected to trend around 16754.00 NIO Million in 2022 and 17139.00 NIO Million in 2023, according to our econometric models.

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Nicaragua Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
16637.00 15912.30 16637.00 8293.70 1994 - 2020 NIO Million Yearly
Constant Prices, NSA

Nicaragua Government Last Previous Highest Lowest Unit
Government Debt to GDP 57.20 52.90 169.10 44.60 percent of GDP [+]
Government Budget -1.00 0.30 3.22 -8.56 percent of GDP [+]
Government Budget Value -2518.80 -1461.10 4827.02 -5638.05 NIO Million [+]
Government Spending 16637.00 15912.30 16637.00 8293.70 NIO Million [+]
Government Revenues 7975.20 7319.60 11137.60 630.55 NIO Million [+]
Fiscal Expenditure 7028.70 7134.10 8728.35 627.89 NIO Million [+]
Military Expenditure 78.30 76.90 98.90 0.10 USD Million [+]
Credit Rating 25.00 [+]
Government Debt 282998.80 274342.90 282998.80 121508.27 NIO Million [+]

Nicaragua Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.