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Nicaragua : economy statistics and industry reports
- Updated on : 27 August 2012 Source : The World Factbook
Imports
$6.466 billion (2011 est.)$4.792 billion (2010 est.)
Exports
$3.967 billion (2011 est.)$3.157 billion (2010 est.)
Inflation rate (consumer prices)
8.1% (2011 est.)5.5% (2010 est.)
Unemployment rate
7.3% (2011 est.)7.8% (2010 est.)
note: underemployment was 46.5% in 2008
GDP - per capita (PPP)
$3,200 (2011 est.)$3,100 (2010 est.)
$3,000 (2009 est.)
note: data are in 2011 US dollars
National product real growth rate
2.8% (2010 est.)-1.5% (2009 est.)
2.8% (2008 est.)
Internet users
199,800 (2009)Telephones - mobile cellular
3.771 million (2009)Population growth rate
1.067% (2012 est.)Population
5,727,707 (July 2012 est.)About this country
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Historical background
The Pacific coast of Nicaragua was settled as a Spanish colony from Panama in the early 16th century.
Independence from Spain was declared in 1821 and the country became an independent republic in 1838.
Britain occupied the Caribbean Coast in the first half of the 19th century, but gradually ceded control of the region in subsequent decades.
...
Economic overview
Nicaragua, the poorest country in Central America and the second poorest in the Hemisphere, has widespread underemployment and poverty.
The US-Central America Free Trade Agreement (CAFTA) has been in effect since April 2006 and has expanded export opportunities for many agricultural and manufactured goods.
Textiles and apparel account for nearly 60% of Nicaragua's exports, but increases in the minimum wage during the ORTEGA administration will likely erode its comparative advantage in this industry.
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D&B Country RiskLine Report: Nicaragua
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- January 2013
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Risk Update The short-term outlook stabilises amid positive economic prospects. Report Summary This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays ...
- Countries : Nicaragua
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