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Nicaragua
Its population in 2018 was 6,284,757 [1]
In 2015, 48.20% of its total energy
consumption was renewable [2]
In 2021, its GDP grew by 10.34% [2]
In 2021 it had a negative Current
Account Balance of US$bn 0.37 [3]
Its unemployment rate in 2021 was 11.10% [3]
Its Expenditure on R&D (as a percentage of
GDP) in 2015 was 0.11% [2]
A Big Mac will set you back the
local equivalent of US$3.18 [4]
What free trade areas or economic unions is it a member of?
Member of the Central America Integration System (SICA) since 13/12/1991
Other members:
Belize, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Panama
What trade deals are there between Central America Integration System and other countries and economic unions?
EU - Central America Association Agreement (from 01/08/2013)
[/vc_column_text][vc_column_text]What trade deals are there with other countries and economic unions?
Nicaragua - Chinese Taipei free trade agreement (from 01/01/2008)
Mexico - Central America free trade agreement (from 01/09/2012)
Chile - Nicaragua free trade agreement (from 19/10/2012)
Korea, Republic of - Central America free trade agreement (from 01/10/2019)
UK - Central America association agreement (from 01/01/2021)
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World Bank Group’s PREM: Harnessing Trade Opportunities for Growth and Development
Trade with the United Kingdom
Source: UK Office for National Statistics, October 2022.
Contains public sector information licensed under the Open Government Licence v3.0.
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