Nicaragua is located
south of Honduras next to El Salvador and north of Costa Rica in Central
America.
Nicaragua has a
population of 6.3 million with a land area of 50.338 square miles. Nominal GDP was $13.7
billion. GDP growth was 4.5%. Labor force is 3.5 million, Poverty is 29.6%.
Unemployment is 6.5%. Inflation is 4%.
Exports were $3.611 billion including coffee, beef, gold, sugar,
peanuts, shrimp and lobster, tobacco, cigars, automobile wiring harnesses,
textiles, apparel sold to US 51.5%, Mexico 13.8%, El Salvador 6%, Venezuela
5.9%
Imports were $6.426 billion including consumer goods, machinery
and equipment, raw materials, petroleum products from US 19.7%, China 12.9%,
Mexico 9.7%, Costa Rica 7.8%, Guatemala 6.5%, Netherlands Antilles 5.7%, El
Salvador 4.8%
Government revenue was
$3.8 billion. Spending was $4.074 billion. Government debt is 46% of GDP.
External debt was $11.36 billion. Reserves were $2.521 billion.
Norb Leahy, Dunwoody
GA Tea Party Leader
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