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.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.30 4.2 3.9 3.7 3.7 3.6 percent
Inflation Rate 5.10 5.4 5.4 5.1 5.5 5.5 percent
Balance of Trade -127.00 -180 -195 -195 -195 -180 USD Million
Government Debt to GDP 46.80 50.4 55 55 55 53 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 32.28
32.28 32.52 32.76 33 33.97
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate -4.40
percent
0.2 1.6 2 2.2 2.6
GDP 13.81
USD Billion
14.4 14.9 14.9 14.9 15.6
GDP Constant Prices 42836.50
NIO Million
50583 47302 43693 43779 53092
GDP per capita 2016.32
USD
2100 2200 2200 2200 2350
GDP per capita PPP 5321.44
USD
5500 5700 5700 5700 5900
Gross Fixed Capital Formation 13748.10
NIO Million
15723 13968 14023 14051 16503
GDP From Agriculture 3304.00
NIO Million
4121 3238 3370 3377 4326
GDP From Construction 1127.00
NIO Million
1500 1396 1150 1152 1574
GDP From Manufacturing 5748.00
NIO Million
6888 7299 5863 5874 7229
GDP From Mining 605.00
NIO Million
566 618 617 618 594
GDP From Public Administration 2695.00
NIO Million
2749 2783 2749 2754 2886
GDP From Services 4511.00
NIO Million
6539 5190 4601 4610 6863
GDP From Transport 3827.00
NIO Million
4096 3603 3904 3911 4299
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.30
percent
4.2 3.9 3.7 3.7 3.6
Wages 10.70
NIO Thousands/Month
11.6 12 11.44 11.59 13.6
Population 6.39
Million
6.45 6.52 6.52 6.52 6.6
Living Wage Family 7510.00
NIO/Month
7510 7900 7900 7900 7750
Living Wage Individual 4680.00
NIO/Month
4680 4680 4680 4680 4680
Wages High Skilled 13600.00
NIO/Month
12975 13082 13227 13082 13092
Wages Low Skilled 5400.00
NIO/Month
5560 5700 5700 5700 5620
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 5.10
percent
5.4 5.4 5.1 5.5 5.5
Consumer Price Index CPI 216.70
Index Points
222 224 226 227 248
Producer Prices 251.90
Index Points
264 265 266 264 287
Producer Prices Change 4.80
percent
5.5 5.75 5.4 4.72 4.2
Inflation Rate Mom 0.50
percent
0.4 0.4 0.3 0.4 0.5
Food Inflation 3.80
percent
2.1 2.5 3 3.6 3.9
Cpi Housing Utilities 207.60
Index Points
206 208 210 217 230
CPI Transportation 194.90
Index Points
185 189 195 203 206
Core Consumer Prices 206.37
Index Points
207 209 211 213 230
Core Inflation Rate 4.10
percent
4.01 3.89 3.81 3.76 3.67
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Money Supply M1 48161.38
NIO Million
46604 45781 45462 45324 45218
Money Supply M2 134112.56
NIO Million
123284 113605 105766 99546 78134
Money Supply M3 135805.86
NIO Million
124104 113921 105670 99088 76459
Deposit Interest Rate 1.25
percent
2 2 2 2 2.25
Foreign Exchange Reserves 2180.40
USD Million
2250 2300 2350 2450 2550
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -127.00
USD Million
-180 -195 -195 -195 -180
Exports 380.90
USD Million
470 465 475 470 500
Imports 507.90
USD Million
650 660 670 665 680
Current Account -73.10
USD Million
-400 35 -115 -160 -420
Current Account to GDP -5.00
percent
-6.2 -8 -8 -8 -7.5
Remittances 126.70
USD Million
140 145 155 124 160
Terrorism Index 1.44
1.62 1.57 1.57 1.57 1.54
Capital Flows -67.60
USD Million
-120 -110 -130 -98.49 -121
External Debt 11728.00
USD Million
12023 12133 12269 12413 13562
Foreign Direct Investment 10.70
USD Million
190 340 24.18 132 200
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 46.80
percent
50.4 55 55 55 53
Government Budget -1.90
percent of GDP
-2.3 -2.5 -2.5 -2.5 -2.3
Government Budget Value -1008.03
NIO Million
333 61.44 198 201 196
Government Spending 17602.10
NIO Million
17637 17884 17954 17989 18512
Government Revenues 4857.67
NIO Million
5954 5780 5828 5822 5822
Fiscal Expenditure 5082.70
NIO Million
5486 5719 5630 5621 5626
Government Debt 216028.20
NIO Million
235000 250000 265000 275000 265000
Military Expenditure 84.40
USD Million
87.42 90 90 90 88
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Leading Economic Index -3.90
percent
0.4 2 2.3 2.3 2.6
Internet Speed 3118.01
KBps
3494 3532 3554 3581 3780
IP Addresses 100378.00
IP
99692 99695 99693 99694 99694
Ease of Doing Business 132.00
128 133 129 129 131
Electricity Production 378.60
Gigawatt-hour
372 372 371 372 372
Corruption Index 26.00
Points
26 26 26 26 26
Corruption Rank 151.00
151 151 151 151 151
Competitiveness Index 51.50
Points
52 52 52 52 54.5
Competitiveness Rank 104.00
104 104 104 104 104
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 156802.20
NIO Million
157116 159311 159938 160252 164908
Gasoline Prices 1.07
USD/Liter
1.05 1.03 1.01 1 0.92
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 27.66
celsius
25.15 25.59 26.69 26.69 26.59



Nicaragua - Economic Forecasts - 2018-2020 Outlook