Imports$6.466 billion (2011 est.)
Exports$3.967 billion (2011 est.)
Inflation rate (consumer prices)8.1% (2011 est.)
Unemployment rate7.3% (2011 est.)
GDP - per capita (PPP)$3,200 (2011 est.)
National product real growth rate2.8% (2010 est.)
Internet users199,800 (2009)
Telephones - mobile cellular3.771 million (2009)
Population growth rate1.067% (2012 est.)
Population5,727,707 (July 2012 est.)
About this country
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....
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....
The Economist Intelligence Unit
NCAIS: 0 SIC: 0
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