Nicaragua's economy grew 1.8 percent year-on-year in the first quarter of 2020, recovering from a 0.3 percent contraction in the previous period. It was the first expansion in the economy in two years.
GDP Annual Growth Rate in Nicaragua averaged 3.58 percent from 1995 until 2020, reaching an all time high of 10.90 percent in the fourth quarter of 1999 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 October of 2020.
GDP Annual Growth Rate in Nicaragua is expected to be -9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Nicaragua to stand at 10.00 in 12 months time. In the long-term, the Nicaragua GDP Annual Growth Rate is projected to trend around 5.50 percent in 2021 and 1.50 percent in 2022, according to our econometric models.