The Nicaragua's economy contracted a sharp 4.8 percent year-on-year in the third quarter of 2018, following an upwardly revised 4.6 percent fall in the previous period. It is the steepest contraction since the second quarter of 2009, mainly due to declines in: hotels & restaurants (-36.9% vs -34.1% in Q2); internal trade (-18.2% vs -12.2%); construction (-10.3% vs -7.5%); finance and related services (-8.2% vs -2.3%); transportation and communications (-7.0% vs -1.5%) and public administration (-1.3% vs -0.2%). Conversely, the manufacturing activity rebounded (5.5% vs -5.4%) and faster growth was seen in agriculture (11% vs 1.5%); mining & quarrying (10.6% vs 0.8%); power supply (6.8% vs 3.0%) and water supply (5.1% vs 3.3%). GDP Annual Growth Rate in Nicaragua averaged 4.06 percent from 1995 until 2018, reaching an all time high of 10.90 percent in the fourth quarter of 1999 and a record low of -5.90 percent in the second quarter of 2009.

GDP Annual Growth Rate in Nicaragua is expected to be 1.20 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 2.20 in 12 months time. In the long-term, the Nicaragua GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Nicaragua GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-06 01:30 PM GDP Growth Rate YoY 4.3% 3.2% 4.3%
2018-08-21 10:00 PM GDP Growth Rate YoY 2.3% 4.3% 2.4%
2018-10-19 11:00 PM GDP Growth Rate YoY -4.4% 2.5% -4.6%
2019-01-11 09:00 PM GDP Growth Rate YoY -4.8% -4.6% -4.2%
2019-03-29 11:00 PM GDP Growth Rate YoY -4.8% -4%
2019-06-28 10:00 PM GDP Growth Rate YoY 1.1%
2019-09-30 11:00 PM GDP Growth Rate YoY 1.6%


Nicaragua GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -4.80 -4.60 10.90 -5.90 percent [+]
GDP 13.81 13.18 13.81 0.22 USD Billion [+]
GDP Constant Prices 43800.00 42704.00 114481.80 28695.70 NIO Million [+]
GDP per capita 2016.32 1944.00 2565.23 1063.43 USD [+]
GDP per capita PPP 5321.44 5130.60 5321.44 2806.60 USD [+]
Gross Fixed Capital Formation 13748.10 15691.60 15925.50 5835.60 NIO Million [+]
GDP From Agriculture 3817.00 3260.00 4113.00 2048.00 NIO Million [+]
GDP From Construction 1143.00 1130.00 1532.00 580.00 NIO Million [+]
GDP From Manufacturing 6954.00 5712.00 7184.00 3458.00 NIO Million [+]
GDP From Mining 612.00 605.00 730.00 211.00 NIO Million [+]
GDP From Public Administration 2700.00 2697.00 2744.00 1506.00 NIO Million [+]
GDP From Services 4162.00 4511.00 6526.00 3004.00 NIO Million [+]
GDP From Transport 3505.00 3827.00 4088.00 1706.00 NIO Million [+]


Nicaragua GDP Annual Growth Rate

The biggest sector of Nicaragua's economy is services (61 percent of GDP), including internal trade (13 percent); transport and communications (9 percent); real estate activities (7 percent) and public administration (7 percent). Industry contributes to 23 percent of GDP with manufacturing (16 percent) and construction (3 percent) accounting for the largest share. The agriculture, livestock, forestry and fishing sector creates 16 percent of the wealth, mainly in agriculture (8 percent) and livestock (6 percent). On the expenditure side, household consumption is the main component of GDP (79 percent), followed by gross fixed capital formation (32 percent) and government spending (15 percent). Exports of goods and services represent 42 percent of GDP while imports account for 68 percent, subtracting 26 percent of total GDP. . This page provides - Nicaragua GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4.80 -4.60 10.90 -5.90 1995 - 2018 percent Quarterly




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Japan 0.00 Sep/18
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