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)
Unemployment of Nicaragua
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 growth rate of Nicaragua
GDP per Capita (PPP)4,500 $ (2013)4,400 $ (2012)3,300 $ (2011)
GDP per Capita (PPP) of Nicaragua
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)
GDP PPP per land area of Nicaragua
ElectricityBanking
Central bank discount rate3.00 % (2010)0.00 % (2009)0.00 % (2008)
Central bank discount rate of Nicaragua
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 arrivals of Nicaragua
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
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 (Total) of Nicaragua
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)
External Debt per Capita of Nicaragua