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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.30 3.8 4.2 3.9 3.7 3.6 percent
Inflation Rate 4.95 5.2 5.4 5.4 5.1 5.5 percent
Balance of Trade -199.60 -220 -180 -195 -195 -180 USD Million
Government Debt to GDP 46.80 50.4 50.4 55 55 53 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 31.94
32.15 32.42 32.68 32.95 34.04
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 2.30
percent
1 0.9 1.4 1.6 2.6
GDP 13.81
USD Billion
14.4 14.4 14.9 14.9 15.6
GDP Constant Prices 46384.70
NIO Million
46340 50794 47034 45577 53157
GDP per capita 2016.32
USD
2100 2100 2200 2200 2350
GDP per capita PPP 5321.44
USD
5500 5500 5700 5700 5900
Gross Fixed Capital Formation 13748.10
NIO Million
14366 15833 13941 14416 16569
Gdp From Agriculture 3222.00
NIO Million
3414 4142 3267 3276 4335
Gdp From Construction 1275.00
NIO Million
1300 1438 1293 1292 1505
Gdp From Manufacturing 7220.00
NIO Million
6631 6936 7321 6118 7259
Gdp From Mining 607.00
NIO Million
557 567 616 610 593
Gdp From Public Administration 2739.00
NIO Million
2750 2769 2777 2746 2897
Gdp From Services 5108.00
NIO Million
5110 6585 5180 5217 6891
Gdp From Transport 3546.00
NIO Million
3787 4125 3596 3948 4317
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 3.30
percent
3.8 4.2 3.9 3.7 3.6
Wages 10.70
NIO Thousands/Month
11.5 11.6 12 11.44 13.6
Population 6.39
Million
6.45 6.45 6.52 6.52 6.6
Living Wage Family 7810.00
NIO/Month
7810 7810 7900 7900 7750
Living Wage Individual 4840.00
NIO/Month
4840 4840 4840 4840 4840
Wages High Skilled 12800.00
NIO/Month
12975 12975 13082 13082 13092
Wages Low Skilled 5510.00
NIO/Month
5560 5560 5700 5700 5620
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 4.95
percent
5.2 5.4 5.4 5.1 5.5
Consumer Price Index CPI 214.50
Index Points
216 222 224 226 248
Producer Prices 256.30
Index Points
255 264 266 270 287
Producer Prices Change 5.30
percent
6 5.5 5.75 5.4 4.2
Inflation Rate Mom -0.10
percent
0.3 0.4 0.4 0.3 0.5
Food Inflation 4.50
percent
2.9 2.1 2.5 3 3.9
Cpi Housing Utilities 202.40
Index Points
201 206 208 210 230
CPI Transportation 189.80
Index Points
185 185 189 195 206
Core Consumer Prices 205.69
Index Points
206 208 210 212 233
Core Inflation Rate 4.30
percent
4.3 4.38 4.43 4.46 4.53
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Money Supply M1 52986.35
NIO Million
52283 51893 51694 51628 51597
Money Supply M2 148177.40
NIO Million
139725 133121 128137 124567 115964
Money Supply M3 150683.81
NIO Million
142849 136785 132403 129342 122515
Deposit Interest Rate 1.25
percent
2 2 2 1.02 4
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -199.60
USD Million
-220 -180 -195 -195 -180
Exports 465.40
USD Million
480 470 465 475 500
Imports 665.00
USD Million
700 650 660 670 680
Current Account 27.90
USD Million
-350 -400 -370 -430 -420
Current Account to GDP -5.00
percent
-6.2 -6.2 -5.7 -5.7 -5.4
Remittances 115.20
USD Million
135 140 145 155 160
Terrorism Index 1.44
1.62 1.62 1.57 1.57 1.54
Capital Flows -70.90
USD Million
-113 -129 -169 -99.01 -130
External Debt 11563.20
USD Million
11803 11965 12056 12152 13325
Foreign Direct Investment 317.30
USD Million
121 185 275 135 188
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 46.80
percent
50.4 50.4 55 55 53
Government Budget -1.90
percent of GDP
-2.3 -2.3 -2.5 -2.5 -2.3
Government Budget Value -1006.99
NIO Million
1518 790 800 814 816
Government Spending 17602.10
NIO Million
17378 17761 17849 17568 18587
Government Revenues 4588.00
NIO Million
6552 6241 6286 6280 6281
Fiscal Expenditure 5111.19
NIO Million
5034 5476 5486 5466 5464
Government Debt 215396.80
NIO Million
225000 235000 250000 265000 265000
Military Expenditure 84.40
USD Million
87.42 87.42 90 90 88
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Leading Economic Index -12.10
percent
1.2 1 3.1 3.4 3.5
Internet Speed 3118.01
KBps
3447 3494 3532 3554 3780
IP Addresses 100378.00
IP
99694 99692 99695 99693 99694
Ease of Doing Business 131.00
128 128 129 129 131
Electricity Production 349.90
Gigawatt-hour
372 368 367 367 367
Corruption Index 26.00
Points
26 26 26 26 27
Corruption Rank 151.00
151 151 152 152 150
Competitiveness Index 3.95
Points
3.95 3.95 3.8 3.8 3.8
Competitiveness Rank 93.00
93 93 91 91 93
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 156802.20
NIO Million
151863 158213 158997 153526 165574
Gasoline Prices 1.04
USD/Liter
1.06 1 0.95 0.89 0.71
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 27.66
celsius
26.23 25.15 25.59 26.69 26.59