Government Spending in Nicaragua decreased to 15389.60 NIO Million in 2018 from 17602.10 NIO Million in 2017. Nicaragua Government Spending - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Government Spending in Nicaragua averaged 11480.93 NIO Million from 1994 until 2018, reaching an all time high of 17602.10 NIO Million in 2017 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.

Government Spending in Nicaragua is expected to reach 15620.00 NIO Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nicaragua Government Spending is projected to trend around 15855.00 NIO Million in 2021 and 16235.00 NIO Million in 2022, according to our econometric models.

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Nicaragua Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
15389.60 17602.10 17602.10 8293.70 1994 - 2018 NIO Million Yearly
Constant Prices, NSA

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.