Nicaragua | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 5.90 6.8 6.6 6.6 6.65 7 percent [+]
Inflation Rate 4.37 4.5 4.5 4.5 8 5.5 percent [+]
Balance of Trade -222.60 -189 -182 -175 -169 -139 USD Million [+]
Government Debt to GDP 45.00 49.9 51.37 52.85 54.32 72.9 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 30.60 30.14 29.83 29.53 29.22 25.87 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 4.30 4.3 3.7 3.5 4.4 4 percent [+]
GDP 13.23 13.5 13.55 13.6 13.65 15.67 USD Billion [+]
GDP Constant Prices 45120.70 47135 48062 48932 49755 55491 NIO Million [+]
GDP per capita 1946.40 1930 1977 1981 1984 2170 USD [+]
GDP per capita PPP 5136.80 5257 5278 5299 5320 5439 USD [+]
Gross Fixed Capital Formation 14664.20 14303 14014 14054 13862 13135 NIO Million [+]
Gdp From Agriculture 3344.00 3359 3042 3261 3172 3162 NIO Million [+]
Gdp From Construction 1351.00 1324 1311 1307 1297 1252 NIO Million [+]
Gdp From Manufacturing 6099.00 6309 6876 6326 6401 6273 NIO Million [+]
Gdp From Mining 596.00 615 609 604 602 579 NIO Million [+]
Gdp From Public Administration 2698.00 2723 2721 2721 2719 2628 NIO Million [+]
Gdp From Services 5137.00 5757 5114 5322 4734 5243 NIO Million [+]
Gdp From Transport 3895.00 3879 3542 3824 3560 3705 NIO Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 5.90 6.8 6.6 6.6 6.65 7 percent [+]
Wages 10.36 10.63 10.67 10.68 10.68 10.63 NIO Thousands/Month [+]
Population 6.33 6.38 6.4 6.41 6.42 6.53 Million [+]
Living Wage Family 7810.00 7810 7810 7810 7810 7810 NIO/Month [+]
Living Wage Individual 4840.00 4840 4840 4840 4840 4840 NIO/Month [+]
Wages High Skilled 12800.00 12804 12996 13092 13188 13092 NIO/Month [+]
Wages Low Skilled 5510.00 5770 5746 5734 5721 5689 NIO/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 4.37 4.5 4.5 4.5 8 5.5 percent [+]
Consumer Price Index CPI 206.10 210 212 212 207 245 Index Points [+]
Producer Prices 240.20 239 234 234 237 231 Index Points [+]
Producer Prices Change 3.70 7.5 7 6.5 6 4.2 percent [+]
Inflation Rate Mom 0.55 0.46 0.53 0.55 0.56 0.57 percent [+]
Food Inflation 2.00 0.7 1.2 1.7 2.2 2.9 percent [+]
CPI Transportation 173.10 171 171 170 169 164 Index Points [+]
Cpi Housing Utilities 193.38 195 197 197 197 196 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Money Supply M1 54769.95 54330 54253 54167 54081 53313 NIO Million [+]
Money Supply M2 151982.66 153843 154156 154179 154051 151643 NIO Million [+]
Money Supply M3 152668.42 152751 152668 152473 152221 149461 NIO Million [+]
Deposit Interest Rate 1.10 1.5 2 2 2 4 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -222.60 -189 -182 -175 -169 -139 USD Million [+]
Exports 409.10 429 426 424 422 402 USD Million [+]
Imports 631.70 642 641 639 637 621 USD Million [+]
Current Account -55.20 -266 -155 -155 -140 -208 USD Million [+]
Current Account to GDP -8.60 -8.46 -8.98 -9.5 -10.02 -13.74 percent [+]
Remittances 1264.10 1306 1314 1322 1329 1357 USD Million [+]
Terrorism Index 2.09 0.74 0.62 0.49 0.37 0.19 [+]
Capital Flows -201.70 -135 -127 -107 -76.54 -1.94 USD Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 45.00 49.9 51.37 52.85 54.32 72.9 percent [+]
Government Budget 2.00 -0.17 0.28 0.74 1.19 0.01 percent of GDP [+]
Government Budget Value -97.80 -169 -339 -322 -319 -321 NIO Million [+]
Government Spending 17291.80 18003 18184 18365 18546 19569 NIO Million [+]
Government Revenues 5728.91 5488 5359 5259 5157 4406 NIO Million [+]
Fiscal Expenditure 5058.60 5178 5119 5102 5032 4586 NIO Million [+]
Military Expenditure 71.80 51.72 51.19 50.65 50.12 28.04 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Leading Economic Index 4.90 4.29 4.25 4.22 4.2 4.15 percent [+]
Internet Speed 3118.01 3155 3141 3113 3091 2901 KBps [+]
Ease of Doing Business 131.00 124 125 125 125 122 [+]
Electricity Production 351.10 33.01 44.37 55.27 57.74 54.65 Gigawatt-hour [+]
Corruption Index 26.00 26 26 26 26 27 Points [+]
Corruption Rank 145.00 149 148 148 148 154 [+]
Competitiveness Index 3.95 3.84 3.84 3.84 3.84 3.89 Points [+]
Competitiveness Rank 93.00 96 96 96 96 112 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Spending 151107.90 156758 158162 159567 160971 172758 NIO Million [+]
Gasoline Prices 0.93 0.91 0.91 0.91 0.91 0.89 USD/Liter [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 30.00 30 30 30 30 30 percent [+]
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]