Economy of Nicaragua

Imports

Imports commoditiesconsumer goods, machinery and equipment, raw materials, petroleum products

Import partnersUS 19%, Venezuela 14.8%, Mexico 12.2%, Costa Rica 8.5%, Guatemala 8%, China 7.9%, El Salvador 4.7% (2012)

Exports

Exports commoditiescoffee, beef, gold, sugar, peanuts, shrimp and lobster, tobacco, cigars, automobile wiring harnesses, textiles, apparel, cotton

Export partnersUS 55.6%, Canada 8.6%, Venezuela 7.3%, El Salvador 4.2% (2012)

Economy sectors

Agriculture productscoffee, bananas, sugarcane, rice, corn, tobacco, sesame, soya, beans; beef, veal, pork, poultry, dairy products; shrimp, lobsters, cotton

Industrial productsfood processing, chemicals, machinery and metal products, knit and woven apparel, petroleum refining and distribution, beverages, footwear, wood, electric wire harness manufacturing, mining

Economy

Unemployment7.70 % (2012)7.30 % (2011)8.00 % (2010)

GDP - Official Exchange Rate11.3 Billion $ (2013)10.4 Billion $ (2012)9.90 Billion $ (2011)

GDP - Official Exchange Rate of Nicaragua

GDP growth rate4.60 % (2013)5.20 % (2012)4.70 % (2011)

GDP per Capita (PPP)4,500 $ (2013)4,400 $ (2012)3,300 $ (2011)

GDP - Purchasing Power Parity28.0 Billion $ (2013)26.4 Billion $ (2012)19.2 Billion $ (2011)

GDP - Purchasing Power Parity of Nicaragua

GDP PPP per land area215 Thousand $ per square kilometer (2013)202 Thousand $ per square kilometer (2012)147 Thousand $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity1.11 Million kW

Banking

Central bank discount rate3.00 % (2010)0.00 % (2009)0.00 % (2008)

Commercial bank prime lending rate12.0 % (2013)0.00 % (2012)10.5 % (2011)

Commercial bank prime lending rate of Nicaragua

GDP decomposition by sector

Agriculture % of GDP17.1 % (2013)17.3 % (2012)

Industry % of GDP25.5 % (2013)25.9 % (2012)

Services % of GDP57.5 % (2013)56.8 % (2012)

Tourism

International tourism, number of arrivals1.18 Million (2012)1.06 Million (2011)1.01 Million (2010)

International tourism, number of departures979 Thousand (2012)912 Thousand (2011)908 Thousand (2010)

International tourism, number of departures of Nicaragua

Yearly Tourist arrivals to residents ratio20.6 % (2012)18.7 % (2011)17.4 % (2010)

Yearly Tourist arrivals to residents ratio of Nicaragua

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)50.4 % of GDP (2013)58.6 % of GDP (2012)70.5 % of GDP (2011)

Public debt (Percentage of GDP) of Nicaragua

Budget surplus (+) or deficit (-)-0.20 % of GDP

Current Account Balance (Percentage of GDP)-12.79 % of GDP (2012)-12.79 % of GDP (2011)-9.59 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Nicaragua

External Debt Stocks (Percentage of GNI)86.7 % of GNI (2012)84.0 % of GNI (2011)83.4 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of Nicaragua

Short-term debt (percentage of total external debt)18.3 % of total external debt (2012)18.3 % of total external debt (2011)20.0 % of total external debt (2010)

Short-term debt (percentage of total external debt) of Nicaragua

Current Account Balance (Total)-1.58 Billion $ (2013)-1.35 Billion $ (2012)-1.26 Billion $ (2011)

Current Account Balance (Total) of Nicaragua

External Debt (Total)4.53 Billion $ (2013)7.79 Billion $ (2012)5.01 Billion $ (2011)

External Debt (Percentage of GDP)40.2 % of GDP (2013)75.2 % of GDP (2012)50.6 % of GDP (2011)

External Debt (Percentage of GDP) of Nicaragua

External Debt per Capita783 $ (2013)1,360 $ (2012)885 $ (2011)