First Quarter Nicaragua Grows 3.6%

Up to March the Nicaraguan economy registered a growth of 3.6%, representing a deceleration of 3.4% relative to growth in the last quarter of 2012.

Monday, July 8, 2013

From a statement from the Central Bank of Nicaragua:

Regarding expenditure, PIBT growth was supported by a boost in net foreign demand and gross capital formation. The result of net external demand stemmed from the 1.3 percent growth in exports (15.7% in fourth quarter 2012), aided by the contraction of imports recorded in the reference quarter (-4.3%).

Meanwhile, gross capital formation registered a growth of 5.7 percent, mainly due to an increase in construction components in buildings and public civil engineering works.

From the point of view of production, the activities which showed the greatest dynamism were: cultivation of other
agricultural products (22.3%), construction (10.8%), public administration and defense (7.5%), production of refined petroleum products (163.2%) and health and social activities (13.4%), mainly.

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