Markets Actual Q4 Q1 Q2 Q3 2022
Currency 35.16 35.24 35.33 35.41 35.5 35.67

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 3.40 3 1.3 0.8 0.8 0.8
Unemployment Rate (%) 4.90 5 4.8 4.8 4.6 4.6
Inflation Rate (%) 4.98 3.5 3.8 3 3.9 4.5
Balance of Trade (USD Million) -154.10 -180 -180 -180 -180 -180
Current Account (USD Million) 249.30 120 250 125 270 110
Current Account to GDP (% of GDP) 7.60 2.3 2.3 -1.5 -1.5 -1.5
Government Debt to GDP (% of GDP) 64.80 63 63 61 61 61
Government Budget (% of GDP) -1.00 -0.5 -0.4 -0.4 -0.4 -0.4
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 3.40 3 1.3 0.8 0.8 0.8
GDP (USD Billion) 12.62 11.6 11.6 11.6 11.6 12
GDP Constant Prices (NIO Million) 44757.00 44522 47209 45339 45115 47587
GDP per capita (USD) 1721.82 1735 1750 1750 1750 1750
GDP per capita PPP (USD) 5280.14 5350 5400 5400 5400 5400
Gross Fixed Capital Formation (NIO Million) 10734.00 10468 11165 10874 10820 11255
GDP From Agriculture (NIO Million) 3209.00 3880 4310 3251 3235 4344
GDP From Construction (NIO Million) 1031.00 1162 1224 1044 1039 1233
GDP From Manufacturing (NIO Million) 7729.00 7069 7129 7829 7791 7186
GDP From Mining (NIO Million) 1058.00 622 938 1072 1066 946
GDP From Public Administration (NIO Million) 2770.00 2745 2856 2806 2792 2879
GDP From Services (NIO Million) 5112.00 4231 6006 5178 5153 6054
GDP From Transport (NIO Million) 3044.00 3563 3733 3084 3068 3763

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 4.90 5 4.8 4.8 4.6 4.6
Wages (NIO Thousands/Month) 11.00 13.6 13.6 13.6 13.6 13.6
Population (Million) 6.67 6.71 6.71 6.71 6.71 6.79

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 4.98 3.5 3.8 3 3.9 4.5
Consumer Price Index CPI (points) 246.20 248 252 252 256 259
Inflation Rate Mom (%) 0.24 1 0.2 0.2 0.4 1
Food Inflation (%) 6.20 4 4 4 4.1 4.1
Core Inflation Rate (%) 4.93 5 4.9 4.8 4.5 4.5
Cpi Housing Utilities (points) 229.30 232 231 231 238 242
CPI Transportation (points) 211.50 214 214 214 215 217

Money Actual Q4 Q1 Q2 Q3 2022
Deposit Interest Rate (%) 2.15 2.25 2.25 2.25 2.25 2.25
Interest Rate (%) 8.88 9.5 9.5 9.5 9.5 10
Foreign Exchange Reserves (USD Million) 3214.70 2550 2550 2550 2550 2550

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -154.10 -180 -180 -180 -180 -180
Current Account (USD Million) 249.30 120 250 125 270 110
Current Account to GDP (% of GDP) 7.60 2.3 2.3 -1.5 -1.5 -1.5
Imports (USD Million) 580.50 680 680 680 680 680
Exports (USD Million) 610.30 500 500 500 500 500
Remittances (USD Million) 176.60 162 162 162 162 160

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 64.80 63 63 61 61 61
Government Budget (% of GDP) -1.00 -0.5 -0.4 -0.4 -0.4 -0.4
Government Budget Value (NIO Million) 2.40 193 193 193 193 193
Government Spending (NIO Million) 16637.00 17892 17136 16853 16770 17273
Military Expenditure (USD Million) 78.30 81 83 83 83 83
Government Debt (NIO Million) 311540.30 256000 256000 256000 256000 240000

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q4 Q1 Q2 Q3 2022
Leading Economic Index (%) 16.70 1.5 1.5 1.5 1.5 1.5

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Spending (NIO Million) 147066.30 159389 151478 148978 148243 152690
Gasoline Prices (USD/Liter) 1.10 1.05 0.99 0.94 0.9 0.85


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.