CFI Data on Nicaragua
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.
Trade agreement information for Nicaragua
Does Nicaragua belong to any economic unions or free trade areas?
Member of the Central America Integration System (SICA) since 13/12/1991
Other members:
Belize, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Panama
Which trade deals does Nicaragua have through its membership of the SICA?
EU - Central America Association Agreement (from 01/08/2013)
What bilateral trade deals are there between Nicaragua and 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)
UK - Central America association agreement (from 01/01/2021)
Implementation dates might vary according to the date of the United Kindom's exit from the European UnionTrade between Nicaragua and the United Kingdom
Source: UK Office for National Statistics, October 2019.
Contains public sector information licensed under the Open Government Licence v3.0.
Its population in 2018 was 6,284,757 [1]
In 2015, 48.20% of its total energy
consumption was renewable [2]
In 2018, its GDP fell by 3.82% [2]
In 2018 it had a negative Current
Account Balance of US$bn0.84 [3]
Its unemployment rate in 2018 was 15.17% [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]
Data sources