Markets Actual Q3 Q4 Q1 Q2 2023
Currency 35.88 35.97 36.06 36.15 36.24 36.42

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 10.10 2.8 3.5 2.2 1.9 2
Unemployment Rate (%) 3.70 4.6 4.6 4.6 4.6 4.6
Inflation Rate (%) 11.46 10 7.9 6.4 5.3 4
Balance of Trade (USD Million) -105.40 -180 -180 -180 -180 -180
Current Account (USD Million) -176.60 270 110 110 110 110
Current Account to GDP (% of GDP) 7.60 -1.5 -1.5 -1.5 -1.5 -3.2
Government Debt to GDP (% of GDP) 64.80 61 61 61 61 55
Government Budget (% of GDP) -1.00 -0.4 -0.4 -0.4 -0.4 -0.4
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Corporate Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 10.10 2.8 3.5 2.2 1.9 2
GDP (USD Billion) 14.01 14.5 14.5 14.9 14.9 14.9
GDP Constant Prices (NIO Million) 50545.20 46438 47876 52314 51657 53361
GDP per Capita (USD) 2098.29 1750 1750 1750 1750 1780
GDP per Capita PPP (USD) 5763.00 5837 5837 5913 5913 5913
Gross Fixed Capital Formation (NIO Million) 13358.00 12272 12545 13826 13652 14102
GDP from Agriculture (NIO Million) 4380.00 3661 4051 4533 4476 4624
GDP from Construction (NIO Million) 1510.00 1022 1209 1563 1543 1594
GDP from Manufacturing (NIO Million) 7843.00 7002 7891 8118 8016 8280
GDP from Mining (NIO Million) 1191.00 1193 1203 1233 1217 1257
GDP from Public Administration (NIO Million) 2827.00 2859 2873 2926 2889 2984
GDP from Services (NIO Million) 6647.00 5656 5583 6880 6793 7017
GDP from Transport (NIO Million) 4066.00 3530 3536 4208 4155 4292

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 3.70 4.6 4.6 4.6 4.6 4.6
Wages (NIO Thousands/Month) 11.00 13.6 13.6 13.6 13.6 13.6
Population (Million) 6.75 6.83 6.83 6.92 6.92 6.92

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 11.46 10 7.9 6.4 5.3 4
Consumer Price Index CPI (points) 273.80 273 277 281 285 288
Inflation Rate MoM (%) 1.33 0.7 0.6 0.5 0.5 0.5
Food Inflation (%) 18.30 15 13 7.5 5.3 4
CPI Housing Utilities (points) 242.80 254 256 255 255 266
CPI Transportation (points) 246.50 248 250 251 252 253
Core Inflation Rate (%) 8.46 8.65 8.47 7.09 5.17 5

Money Actual Q3 Q4 Q1 Q2 2023
Deposit Interest Rate (%) 1.50 2.25 2.25 2.25 2.25 2.25
Interest Rate (%) 8.43 9.5 10 10 10 10
Foreign Exchange Reserves (USD Million) 3918.70 2550 2550 2550 2550 2550

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -105.40 -180 -180 -180 -180 -180
Current Account (USD Million) -176.60 270 110 110 110 110
Current Account to GDP (% of GDP) 7.60 -1.5 -1.5 -1.5 -1.5 -3.2
Exports (USD Million) 584.20 500 500 500 500 500
Imports (USD Million) 689.60 680 680 680 680 680
Remittances (USD Million) 174.80 162 160 160 160 160

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 64.80 61 61 61 61 55
Government Budget (% of GDP) -1.00 -0.4 -0.4 -0.4 -0.4 -0.4
Government Budget Value (NIO Million) 2.40 193 193 193 193 193
Government Spending (NIO Million) 17518.70 17103 18132 17904 17852 18494
Military Expenditure (USD Million) 78.30 83 83 83 83 83
Government Debt (NIO Million) 327199.70 256000 240000 240000 240000 240000

Taxes Actual Q3 Q4 Q1 Q2 2023
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q3 Q4 Q1 Q2 2023
Leading Economic Index (%) 3.47 1.5 1.5 1.5 1.5 1.5

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (NIO Million) 158383.40 151184 163927 161868 161393 167205
Gasoline Prices (USD/Liter) 1.33 1.38 1.43 1.49 1.55 1.55


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Nicaragua Forecast - was last updated on Sunday, September 25, 2022.