Nicaragua Economy

The population of Nicaragua is 6,284,757 with a land area of 50,193 square miles. Labor force 3.046 million. Nominal per capita GDP is $2126. Poverty 29.6%. Inflation 7.4%. Unemployment 6.4%.

Nominal GDP is $13.38 billion GDP rank 130^th. GDP growth 4.7%, GDP by sector is agriculture 17.5%, industry 25.8%, services 56.7%.

Main industries include food processing, chemicals, machinery, metal products, knit and woven apparel, petroleum refining and distribution, beverages, footwear and wood. Ease of doing business 127^th.

Exports $5 billion in coffee, beef, shrimp, lobster, tobacco, sugar, gold, peanuts, cigars, textiles, apparel and auto wire harnesses sold to US 44.2%, El Salvador 6.4%, Venezuela 5.5% and Costa Rica 5.5%.

Imports $6.613 billion in consumer goods, machinery, equipment, raw materials and petroleum products from US 20.8%, China 14.3%, Mexico 11.1%, Costa Rica 7.9%,Guatemala 7%, El Salvador 5.6%, Egypt 4%.

Government revenue $2.619 billion, spending $2.56 billion. Debt to GDP 33%. External debt $11.31 billion.

https://en.wikipedia.org/wiki/Economy_of_Nicaragua

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