The Gross Domestic Product (GDP) in Nicaragua expanded 2.60 percent in the third quarter of 2022 over the same quarter of the previous year. source: Banco Central de Nicaragua

GDP Annual Growth Rate in Nicaragua averaged 3.69 percent from 1995 until 2022, reaching an all time high of 17.70 percent in the second quarter of 2021 and a record low of -9.20 percent in the first quarter of 2019. This page provides - Nicaragua GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

GDP Annual Growth Rate in Nicaragua is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Nicaragua GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2019-01-11 09:00 PM Q3 -4.8% -4.6% -4.2%
2019-04-01 10:00 PM Q4 -7.7% -4.4% -4%

Related Last Previous Unit Reference
GDP Annual Growth Rate 2.60 4.50 percent Sep 2022
GDP Constant Prices 51694.00 48762.50 NIO Million Dec 2022
Gross Fixed Capital Formation 11646.00 11305.00 NIO Million Dec 2022
GDP from Transport 4737.00 4036.00 NIO Million Dec 2022
GDP from Services 6704.00 6196.00 NIO Million Dec 2022
GDP from Public Administration 2844.00 2846.00 NIO Million Dec 2022
GDP from Mining 1199.00 1129.00 NIO Million Dec 2022
GDP from Manufacturing 7844.00 7883.00 NIO Million Dec 2022
GDP from Construction 1162.00 1020.00 NIO Million Dec 2022
GDP from Agriculture 4629.00 4220.00 NIO Million Dec 2022

Nicaragua GDP Annual Growth Rate
The biggest sector of Nicaragua's economy is services (61 percent of GDP), including internal trade (13 percent); transport and communications (9 percent); real estate activities (7 percent) and public administration (7 percent). Industry contributes to 23 percent of GDP with manufacturing (16 percent) and construction (3 percent) accounting for the largest share. The agriculture, livestock, forestry and fishing sector creates 16 percent of the wealth, mainly in agriculture (8 percent) and livestock (6 percent). On the expenditure side, household consumption is the main component of GDP (79 percent), followed by gross fixed capital formation (32 percent) and government spending (15 percent). Exports of goods and services represent 42 percent of GDP while imports account for 68 percent, subtracting 26 percent of total GDP. .
Actual Previous Highest Lowest Dates Unit Frequency
2.60 4.50 17.70 -9.20 1995 - 2022 percent Quarterly