NIC orthographic

We offer a data-driven country report for Nicaragua that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on 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)

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)

Trade with the United Kingdom

Source: UK Office for National Statistics, October 2019.

Contains public sector information licensed under the Open Government Licence v3.0.