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.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Nicaragua GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 -0.30 10.90 -9.20 1995 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2018-08-21 10:00 PM Q1 2.3% 4.3% 2.4%
2018-10-19 11:00 PM Q2 -4.4% 2.5% -4.6%
2019-01-11 09:00 PM Q3 -4.8% -4.6% -4.2%
2019-04-01 10:00 PM Q4 -7.7% -4.4% -4%

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. .