Nicaragua recorded a Current Account deficit of 2.90 percent of the country's Gross Domestic Product in 2021. source: Consejo Monetario Centroamericanono

Current Account to GDP in Nicaragua averaged -14.09 percent of GDP from 1960 until 2021, reaching an all time high of 13.60 percent of GDP in 1979 and a record low of -63.00 percent of GDP in 1992. This page provides - Nicaragua Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua Current Account to GDP - values, historical data and charts - was last updated on November of 2022.

Current Account to GDP in Nicaragua is expected to reach -1.50 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nicaragua Current Account to GDP is projected to trend around -3.20 percent of GDP in 2023, according to our econometric models.

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Nicaragua Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -256.35 -266.54 USD Million Jul 2022
Current Account to GDP -2.90 4.00 percent of GDP Dec 2021
Imports 937.27 1002.63 USD Million Jul 2022
Exports 680.92 734.83 USD Million Jul 2022

Nicaragua Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-2.90 4.00 13.60 -63.00 1960 - 2021 percent of GDP Yearly