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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.30 6.6 6.1 6.4 6.32 7 percent
Inflation Rate 4.75 4.7 5.2 5.4 5.4 5.5 percent
Balance of Trade -200.60 -225 -224 -225 -225 -225 USD Million
Government Debt to GDP 46.80 50.4 50.4 49.9 72.9 81.4 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 31.36
32.15 33.24 34.37 35.54 40.62
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 4.30
percent
4 3.7 4.3 3.7 4
GDP 13.23
USD Billion
13.6 13.7 13.8 15.7 15.67
GDP Constant Prices 50307.10
NIO Million
190404 46977 50991 46943 55099
GDP per capita 1946.40
USD
1966 2000 2000 21000 2170
GDP per capita PPP 5136.80
USD
5189 5234 5278 5649 5767
Gross Fixed Capital Formation 15707.80
NIO Million
14481 14526 16856 15094 18214
Gdp From Agriculture 4163.00
NIO Million
3462 3555 3694 3085 3991
Gdp From Construction 1425.00
NIO Million
1287 1288 1491 1448 1612
Gdp From Manufacturing 6883.00
NIO Million
6223 6657 6980 7367 7543
Gdp From Mining 562.00
NIO Million
609 575 736 648 795
Gdp From Public Administration 2744.00
NIO Million
2752 2781 2875 2807 3106
Gdp From Services 6526.00
NIO Million
5240 5182 6555 5124 7084
Gdp From Transport 4087.00
NIO Million
3960 3843 4082 3486 4411
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.30
percent
6.6 6.1 6.4 6.32 7
Wages 10.69
NIO Thousands/Month
11.3 11.5 11.6 12 13.6
Population 6.39
Million
6.37 6.39 6.41 6.43 6.74
Wages High Skilled 12800.00
NIO/Month
12975 12975 12975 12975 13092
Wages Low Skilled 5510.00
NIO/Month
5560 5560 5560 5560 5620
Living Wage Family 7810.00
NIO/Month
7810 7810 7810 7900 7900
Living Wage Individual 4840.00
NIO/Month
4840 4840 4840 4840 4840
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 4.75
percent
4.7 5.2 5.4 5.4 5.5
Consumer Price Index CPI 212.90
Index Points
213 216 222 224 249
Producer Prices 250.70
Index Points
257 255 264 265 287
Producer Prices Change 6.90
percent
6.5 6 5.5 5.75 4.2
Inflation Rate Mom 0.20
percent
0.46 0.47 0.47 0.47 0.47
Food Inflation 3.50
percent
3.7 2.9 2.1 2.5 3.9
Cpi Housing Utilities 197.40
Index Points
196 201 206 208 231
CPI Transportation 182.80
Index Points
177 185 185 189 207
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Money Supply M1 56971.69
NIO Million
60309 60969 61588 62152 65828
Money Supply M2 161598.70
NIO Million
159738 158860 158142 157556 155221
Money Supply M3 162322.64
NIO Million
166254 166812 166981 166928 163721
Deposit Interest Rate 1.10
percent
2 2 2 2 4
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -200.60
USD Million
-225 -224 -225 -225 -225
Exports 465.20
USD Million
414 414 414 414 414
Imports 665.80
USD Million
639 638 638 638 638
Current Account -445.10
USD Million
-170 -170 -170 -170 -170
Current Account to GDP -5.00
percent
-9.81 -10.78 -7.25 -12.74 -7.85
Remittances 116.90
USD Million
122 125 122 125 124
Terrorism Index 1.44
1.59 1.62 1.64 1.66 1.69
Foreign Direct Investment 179.00
USD Million
152 152 152 152 152
Capital Flows -146.60
USD Million
-154 -154 -154 -154 -154
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 46.80
percent
50.4 50.4 49.9 72.9 81.4
Government Budget -1.90
percent of GDP
1 1 1 0.25 -2.31
Government Budget Value -2307.20
NIO Million
248 412 332 354 342
Government Spending 17602.10
NIO Million
17638 17612 18359 17932 19838
Government Revenues 6015.82
NIO Million
5919 5921 5920 5920 5920
Fiscal Expenditure 6257.78
NIO Million
5671 5509 5597 5567 5578
Military Expenditure 84.40
USD Million
80.47 72.68 64.89 66.43 61
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Leading Economic Index 3.40
percent
4.74 4.74 4.74 4.74 4.74
Internet Speed 3118.01
KBps
3385 3447 3494 3532 3780
IP Addresses 100378.00
IP
99702 99694 99692 99695 99694
Ease of Doing Business 131.00
131 131 131 131 131
Electricity Production 373.60
Gigawatt-hour
346 391 356 368 368
Corruption Index 26.00
Points
26 26 26 26 26
Corruption Rank 151.00
151 151 151 151 151
Competitiveness Index 3.95
Points
3.88 3.88 3.88 3.88 3.88
Competitiveness Rank 93.00
98 98 98 98 98
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 156802.20
NIO Million
154130 153903 163545 156699 176720
Gasoline Prices 1.04
USD/Liter
0.92 0.86 0.81 0.77 0.53
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 27.66
celsius
27.12 26.23 25.15 25.59 26.59