Nicaragua's economy contracted a sharp 4.4 percent year-on-year in the second quarter of 2018, slowing from an upwardly revised 2.5 percent rise in the previous period. It was the sharpest contraction in 9 years and was mainly triggered by declines in: hotel & restaurant services (-34.1 percent vs 11.8 percent in Q1); commerce (-12.2 percent vs 3.4 percent); construction (-7.8 percent vs -1.6 percent) and manufacturing (-4.5 percent vs 2.2 percent). In contrast, growth was observed in fishing activities (25.0 percent vs 56.6 percent); health services (3.4 percent vs 2.4 percent); electricity output (3.0 percent vs 5.1 percent) and agriculture (2.8 percent vs 4.2 percent). GDP Annual Growth Rate in Nicaragua averaged 4.15 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.

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%
2018-12-28 09:00 PM GDP Growth Rate YoY -4.4% -3.4%


Nicaragua GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -4.40 2.50 10.90 -5.90 percent [+]
GDP 13.81 13.18 13.81 0.22 USD Billion [+]
GDP Constant Prices 42836.50 46557.20 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 3304.00 3187.00 4113.00 2048.00 NIO Million [+]
GDP From Construction 1127.00 1374.00 1532.00 580.00 NIO Million [+]
GDP From Manufacturing 5748.00 7184.00 7184.00 3458.00 NIO Million [+]
GDP From Mining 605.00 608.00 730.00 211.00 NIO Million [+]
GDP From Public Administration 2695.00 2739.00 2744.00 1506.00 NIO Million [+]
GDP From Services 4511.00 5108.00 6526.00 3004.00 NIO Million [+]
GDP From Transport 3827.00 3546.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-4.40 2.50 10.90 -5.90 1995 - 2018 percent Quarterly




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