Markets Actual Q2 Q3 Q4 Q1 2021
Currency 33.47 34.26 34.43 34.6 34.78 35.13

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) -7.70 -7.9 -6.5 -5.9 -2.2 0.8
Unemployment Rate (%) 5.20 6.5 7 7.5 7.3 6.9
Inflation Rate (%) 6.13 5.9 5.7 5.6 5.7 5.5
Balance of Trade (USD Million) -116.20 -190 -190 -180 -180 -180
Current Account (USD Million) 194.80 120 120 -300 -300 -340
Current Account to GDP (%) 0.60 1 1 1 -1.5 -1.5
Government Debt to GDP (%) 52.50 59 59 59 57 57
Government Budget (% of GDP) -2.60 -4 -4 -4 -3 -3
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) -7.70 -7.9 -6.5 -5.9 -2.2 0.8
GDP (USD Billion) 12.50 13.4 13.4 13.4 13.8 13.8
GDP Constant Prices (NIO Million) 46318.60 42659 43308 43586 45300 43934
GDP per capita (USD) 1860.43 2000 2000 2000 2100 2100
GDP per capita PPP (USD) 4910.00 4724 4724 5900 4724 4840
Gross Fixed Capital Formation (NIO Million) 10667.60 9825 9974 10038 10433 10119
GDP From Agriculture (NIO Million) 4305.20 3965 4025 4051 4210 4084
GDP From Construction (NIO Million) 929.00 856 869 874 909 881
GDP From Manufacturing (NIO Million) 7044.00 6488 6586 6628 6889 6681
GDP From Mining (NIO Million) 625.00 576 584 588 611 593
GDP From Public Administration (NIO Million) 2686.00 2474 2511 2528 2627 2548
GDP From Services (NIO Million) 5187.00 4777 4850 4881 5073 4920
GDP From Transport (NIO Million) 3747.00 3451 3503 3526 3665 3554

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 5.20 6.5 7 7.5 7.3 6.9
Wages (NIO Thousands/Month) 10.89 13 13 13.6 13.6 13.6
Population (Million) 6.54 6.59 6.61 6.63 6.63 6.71
Living Wage Family (NIO/Month) 7510.00 7900 7900 7750 7750 8010
Wages High Skilled (NIO/Month) 13600.00 13082 13082 13092 13092 13150

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 6.13 5.9 5.7 5.6 5.7 5.5
Consumer Price Index CPI (points) 232.60 241 241 246 246 259
Producer Prices (points) 255.80 263 262 263 263 272
Producer Prices Change (%) 0.80 2.8 2.6 3 3 3.4
Inflation Rate Mom (%) 1.00 0.5 0.3 0.5 0.5 0.4
Food Inflation (%) 5.30 4.9 4.5 4.1 4.3 4.1
Core Inflation Rate (%) 6.40 5.4 5.2 5.2 5.2 5
Cpi Housing Utilities (points) 219.80 224 226 232 232 245
CPI Transportation (points) 195.20 202 203 206 206 217

Money Actual Q2 Q3 Q4 Q1 2021
Deposit Interest Rate (%) 1.32 2.25 2.25 2.25 2.25 2.25
Interest Rate (%) 11.43 11 11 11 10.5 10.3
Foreign Exchange Reserves (USD Million) 2320.40 2400 2400 2550 2550 2550

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) -116.20 -190 -190 -180 -180 -180
Current Account (USD Million) 194.80 120 120 -300 -300 -340
Current Account to GDP (%) 0.60 1 1 1 -1.5 -1.5
Imports (USD Million) 576.10 665 665 680 680 680
Exports (USD Million) 459.90 475 475 500 500 500
Remittances (USD Million) 134.30 130 143 160 160 126

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 52.50 59 59 59 57 57
Government Budget (% of GDP) -2.60 -4 -4 -4 -3 -3
Government Budget Value (NIO Million) -303.08 199 199 193 193 193
Government Spending (NIO Million) 15389.60 14174 14389 14482 15051 14597
Military Expenditure (USD Million) 81.30 88 88 88 88 86
Government Debt (NIO Million) 222601.50 260000 260000 265000 265000 265000

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q2 Q3 Q4 Q1 2021
Leading Economic Index (%) -7.50 -1.5 -0.5 0.4 0.7 1.5

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Spending (NIO Million) 154414.30 142216 144377 145304 151017 146466
Gasoline Prices (USD/Liter) 0.96 0.91 0.87 0.82 0.78 0.74


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.