From 2013 to 2023, Nicaragua's Special Purpose Motor Vehicles Market showed a declining trend in value per capita, decreasing from $2.21 in 2013 to $1.64 in 2023. This represents a consistent drop, reaching its lowest in 2020 at $1.47. Notable recovery occurred in 2021, but values stagnated by 2023. The year-over-year variation from 2021 to 2023 reveals a 3.0% drop. The five-year CAGR indicates a gradual decrease of approximately 3.2% per annum.
Future trends to watch for include economic reforms, infrastructure developments, and evolving consumer preferences, which could impact market recovery or further declines. Monitor regional policies affecting imports and local manufacturing capabilities.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 70.07 | 2023 | View data | ||
| 2 | 2 Austria | 45.97 | 2023 | View data | ||
| 3 | 3 Sweden | 36.96 | 2023 | View data | ||
| 4 | 4 France | 32.81 | 2023 | View data | ||
| 5 | 5 Belgium | 26.56 | 2023 | View data | ||
| 12 | 12 Mexico | 2.32 | 2023 | View data | ||
| 13 | 13 China | 2.06 | 2023 | View data | ||
| 14 | 14 Nicaragua | 1.64 | 2023 | |||
