Markets Actual Q1 Q2 Q3 Q4 2020
Currency 32.41 32.56 32.71 32.87 33.03 33.34
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -4.80 1.2 1.6 2 2.2 2.4
Unemployment Rate (%) 3.30 3.9 3.7 3.7 3.8 3.6
Inflation Rate (%) 3.89 4.8 5.1 5.3 5.4 5.3
Balance of Trade (USD Million) -127.00 -195 -195 -195 -190 -180
Current Account (USD Million) 191.70 65 20 240 -280 -300
Current Account to GDP (%) -5.00 -8 -8 -8 -8 -7.5
Government Debt to GDP (%) 46.80 55 55 55 55 55
Government Budget (% of GDP) -1.90 -2.5 -2.5 -2.5 -2.5 -2.3
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 (%) -4.80 1.2 1.6 2 2.2 2.4
GDP (USD Billion) 13.81 14.9 14.9 14.9 14.9 15.6
GDP Constant Prices (NIO Million) 43800.00 46837 43179 43265 43779 44830
GDP per capita (USD) 2016.32 2200 2200 2200 2200 2350
GDP per capita PPP (USD) 5321.44 5700 5700 5700 5700 5900
Gross Fixed Capital Formation (NIO Million) 13748.10 13831 13858 13886 14051 14388
GDP From Agriculture (NIO Million) 3817.00 3206 3330 3337 3377 3458
GDP From Construction (NIO Million) 1143.00 1390 1145 1150 1152 1179
GDP From Manufacturing (NIO Million) 6954.00 7227 5794 5805 5874 6015
GDP From Mining (NIO Million) 612.00 615 615 617 618 633
GDP From Public Administration (NIO Million) 2700.00 2772 2738 2749 2754 2820
GDP From Services (NIO Million) 4162.00 5139 4547 4556 4610 4721
GDP From Transport (NIO Million) 3505.00 3567 3858 3865 3911 4005
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.30 3.9 3.7 3.7 3.8 3.6
Wages (NIO Thousands/Month) 10.70 12 11.18 11.31 13 13.6
Population (Million) 6.39 6.52 6.52 6.52 6.52 6.6
Living Wage Family (NIO/Month) 7510.00 7900 7900 7900 7900 7750
Wages High Skilled (NIO/Month) 13600.00 13082 13227 13082 13082 13092
Wages Low Skilled (NIO/Month) 5400.00 5700 5700 5700 5700 5620
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.89 4.8 5.1 5.3 5.4 5.3
Consumer Price Index CPI (Index Points) 219.20 222 226 227 230 242
Producer Prices (Index Points) 248.50 265 266 260 258 269
Producer Prices Change (%) 3.30 5.7 5.4 4.7 4 4.2
Inflation Rate Mom (%) 0.60 0.4 0.3 0.4 0.4 0.5
Food Inflation (%) 2.41 2.5 3 3.6 4.5 3.9
Cpi Housing Utilities (Index Points) 207.60 207 210 217 220 231
CPI Transportation (Index Points) 184.70 188 195 202 200 211
Money Actual Q1 Q2 Q3 Q4 2020
Deposit Interest Rate (%) 1.25 2 2 2 2 2.25
Foreign Exchange Reserves (USD Million) 2135.40 2300 2350 2450 2400 2550
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -127.00 -195 -195 -195 -190 -180
Current Account (USD Million) 191.70 65 20 240 -280 -300
Current Account to GDP (%) -5.00 -8 -8 -8 -8 -7.5
Exports (USD Million) 380.90 465 475 470 475 500
Imports (USD Million) 507.90 660 670 665 665 680
Remittances (USD Million) 121.70 145 155 123 150 160
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 46.80 55 55 55 55 55
Government Budget (% of GDP) -1.90 -2.5 -2.5 -2.5 -2.5 -2.3
Government Budget Value (NIO Million) 663.19 7.59 146 219 199 193
Government Spending (NIO Million) 17602.10 17813 17884 17954 17989 18421
Government Debt (NIO Million) 216028.20 250000 265000 275000 260000 265000
Military Expenditure (USD Million) 84.40 90 90 90 90 88
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 (%) -4.30 -4.3 -3.6 -3.2 -2 2.4
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (NIO Million) 156802.20 157743 158057 158370 160252 164098
Gasoline Prices (USD/Liter) 0.88 0.89 0.87 0.84 0.82 0.82


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.