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Currency exchange
07-Sep-2010

21.16 = 1US$


 




Asoc. Latinoamericana de Integración

Untitled Document

General Information

Total Population 6,400,000 (est.)
Area 120,254 km2
Local Currency Gold Cordoba (NIO)
Literacy 67.5%
Economically active population 2,425,600
as % of total population 37.9%
Unemployment rate 6.9% (urban areas - CEPAL statistic 2007)
   
Gross Domestic Product (GDP) 6,168 US$ millions
as % of Regional GDP 0.2% (Latin America GDP 2009 = US$ 3,928,300 millions)
GDP per Head 964 US$
Ranking in Latin America 20

Important dates
  • 1 de enero - Ao Nuevo
  • Jueves y Viernes Santo - Cambia cada ao
  • 1 de mayo - Da del Trabajo
  • 19 de julio - Da de la Liberacin
  • 1 de agosto - Da del Santo Patrn de Nicaragua
  • 14 de septiembre - Dia de San Jacinto
  • 15 de septiembre - Da de la Independencia
  • 2 de noviembre - Da de los Difuntos
  • 25 de diciembre - Navidad
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Economic Statistics
(years 2006 - proj. 2010)
Nicaragua has a Gross Domestic Product of US$6,168MM. This is distributed by sectors in the following way: agriculture with 17.1%, having as main products coffee, bananas, sugarcane, cotton; industry with 26.6%, having as main products food processing, chemicals, machinery and metal products, textiles; and the services sector with 56.3%.
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National Accounts
National Accounts 2006 2007 2008 est. 2009 proj. 2010
▲% GDP 3.9% 3.2% 3.2% -2.1% 1.9%
Nominal GDP (US$ millions) 5,294 5,691 6,365 6,168 6,327
GDP per Head (US$) 897 933 1,027 964 959
GDP by Sector     100.0%    
Agriculture     17.1%    
Industry     26.6%    
Services     56.3%    
Inflation rate 9.4% 16.9% 13.8% 0.9% 8.3%
Budget Balance -3.9% 0.4% -1.2% -2.3% -1.6%

GPD Growth
 
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Trade Statistics
Regarding foreign trade, US represents its main commercial partner buying 29.5% of Nicaraguan exports, whereas the main export products are constituted by manufactured products.


Foreign Trade (2008) See other countries
Exports Imports
By countries By countries
US 29.5% US 21.0%
El Salvador 14.6% Venezuela 14.3%
Costa Rica 6.9% Costa Rica 8.4%
Honduras 6.8% Guatemala 8.0%
By products By products
Manufactured products 50.7% Consumer goods 28.9%
Agricultural products 37.4% Intermediate goods 27.5%
Fishing products 6.9% Oil & derivatives 24.2%
Minerals 5.0% Capital goods 19.2%


Balance of Payments (US$ mill.) 2006 2007 2008 est. 2009 proj. 2010
Exchange rate: NIO / US$
(end of period)
18.00 18.90 19.80 20.80 21.80
         
Exports of goods 2,034 2,336 2,538 2,377 2,571
Imports of goods 3,485 4,094 4,749 3,925 4,303
Trade & Services Balance -1,585 -1,940 -2,420 -1,633 -1,875
% GDP -29.9% -34.1% -38.0% -26.5% -29.6%
Income Balance -129 -135 -161 -190 -182
% GDP -2.4% -2.4% -2.5% -3.1% -2.9%
Current Transfers Balance 1,003 1,075 1,068 1,018 1,059
% GDP 18.9% 18.9% 16.8% 16.5% 16.7%
Current Account Balance -711 -1,000 -1,513 -805 -998
% GDP
-13.4% -17.6% -23.8% -13.1% -15.8%
Net Direct Investments flows 287 382 626 400 450
% GDP 5.4% 6.7% 9.8% 6.5% 7.1%
Net portfolio Investmentes flows -10 -12 0 0 0
% GDP -0.2% -0.2% 0.0% 0.0% 0.0%



 


 


2006 2007 2008 est. 2009 proj. 2010
Foreign Debt Stock 4,080 3,390 4,614 4,689 5,005
% GDP 77.1% 59.6% 72.5% 76.0% 79.1%
     
Foreign Debt Service 252 436 379 401 396
Principal repayments 120 329 271 274 262
Interest payments 132 107 108 127 134
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