Nicaragua Economy

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.

https://theodora.com/wfbcurrent/nicaragua/nicaragua_economy.html

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