Nicaragua - Economic Forecasts - 2018-2020 Outlook

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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.90 6.6 6.6 6.35 6.5 7 percent
Inflation Rate 5.36 5.5 5.5 4.9 5.5 5.5 percent
Balance of Trade -234.30 -215 -205 -196 -188 -142 USD Million
Government Debt to GDP 45.00 50.65 50.4 50.15 49.9 81.4 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 30.94
31.88 33.05 34.26 35.52 41.03
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 3.20
percent
3.7 3.5 4.5 4.3 4
GDP 13.23
USD Billion
13.12 13.25 13.37 13.5 15.67
GDP Constant Prices 46124.00
NIO Million
48041 48899 49713 50485 57152
GDP per capita 1946.40
USD
1926 1942 1958 2000 2170
GDP per capita PPP 5136.80
USD
5129 5172 5214 5257 5451
Gross Fixed Capital Formation 14262.60
NIO Million
14102 13982 13902 13802 12875
Gdp From Agriculture 3490.00
NIO Million
3049 3332 3426 3329 3208
Gdp From Construction 1265.00
NIO Million
1243 1220 1231 1216 1192
Gdp From Manufacturing 6536.00
NIO Million
6914 6317 6542 6326 6363
Gdp From Mining 565.00
NIO Million
575 570 566 563 531
Gdp From Public Administration 2730.00
NIO Million
2747 2753 2758 2757 2647
Gdp From Services 5088.00
NIO Million
5191 5260 5042 5578 5277
Gdp From Transport 3773.00
NIO Million
3691 3864 3705 3869 3763
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.90
percent
6.6 6.6 6.35 6.5 7
Wages 10.49
NIO Thousands/Month
10.57 10.58 10.58 10.58 10.5
Population 6.33
Million
6.33 6.35 6.36 6.38 6.58
Wages High Skilled 12800.00
NIO/Month
12900 12996 13092 13188 13028
Wages Low Skilled 5510.00
NIO/Month
5758 5746 5734 5721 5576
Living Wage Family 7810.00
NIO/Month
7810 7810 7810 7810 7810
Living Wage Individual 4840.00
NIO/Month
4840 4840 4840 4840 4840
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 5.36
percent
5.5 5.5 4.9 5.5 5.5
Consumer Price Index CPI 211.60
Index Points
212 212 216 217 245
Producer Prices 240.20
Index Points
234 234 237 236 229
Producer Prices Change 3.70
percent
7 6.5 6 5.5 4.2
Inflation Rate Mom 0.30
percent
0.55 0.51 0.51 0.51 0.51
Food Inflation 5.60
percent
5.2 5.7 5.9 6.1 6.9
CPI Transportation 178.10
Index Points
179 178 178 177 171
Cpi Housing Utilities 196.30
Index Points
197 197 197 197 195
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Money Supply M1 60691.00
NIO Million
58623 58563 58479 58393 57378
Money Supply M2 162633.60
NIO Million
167329 169934 171270 171875 169060
Money Supply M3 163495.33
NIO Million
168288 171025 172472 173158 170321
Deposit Interest Rate 1.10
percent
2 2 2 2 4
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -234.30
USD Million
-215 -205 -196 -188 -142
Exports 365.20
USD Million
372 370 367 365 339
Imports 599.50
USD Million
629 627 625 623 602
Current Account -252.50
USD Million
-166 -153 -198 -252 -218
Current Account to GDP -8.60
percent
-11.94 -10.78 -9.62 -8.46 -13.74
Remittances 116.00
USD Million
120 122 125 122 124
Terrorism Index 1.44
1.21 1.05 0.89 0.73 0.22
Foreign Direct Investment 97.70
USD Million
326 213 124 195 174
Capital Flows -122.50
USD Million
-91.26 -76.23 -72.34 -43.89 16.65
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 45.00
percent
50.65 50.4 50.15 49.9 81.4
Government Budget 2.00
percent of GDP
1 1 1 1 -2.19
Government Budget Value 378.13
NIO Million
-96.29 -364 -328 -334 -333
Government Spending 17291.80
NIO Million
16650 17101 17552 18003 19626
Government Revenues 6258.45
NIO Million
5745 5569 5483 5381 4445
Fiscal Expenditure 4670.18
NIO Million
5345 5688 5631 5604 5021
Military Expenditure 71.80
USD Million
84.88 73.83 62.77 51.72 28.97
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Leading Economic Index 5.00
percent
4.24 4.2 4.17 4.16 4.13
Internet Speed 3118.01
KBps
3141 3113 3091 3066 2827
IP Addresses 100378.00
IP
97194 96679 96181 95684 90588
Ease of Doing Business 131.00
127 128 129 130 130
Electricity Production 369.50
Gigawatt-hour
350 345 340 336 309
Corruption Index 26.00
Points
26 26 26 26 27
Corruption Rank 145.00
133 138 143 149 153
Competitiveness Index 3.95
Points
3.84 3.84 3.84 3.84 3.85
Competitiveness Rank 93.00
96 96 96 96 107
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 151107.90
NIO Million
150416 152530 154644 156758 176915
Gasoline Prices 0.99
USD/Liter
1 1 0.99 0.99 0.94
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 27.66
celsius
25.54 27.12 26.23 25.15 26.59