GDP Falls 4% up to 2nd Quarter 2018

Because of the political crisis that Nicaragua has experienced since April, during the second quarter of the year the country's GDP decreased by 4.4% compared to the same period in 2017.

Monday, October 22, 2018

The Central Bank of Nicaragua reported that in the second quarter of 2018, the Nicaraguan economy recorded a year-on-year decline of 4.4 percent and an average annual growth of 1.6 percent in the original data, according to the preliminary estimate of quarterly GDP. With this result, economic activity fell 0.9 percent in the first half.

The report details that due to the production focus, the inter-annual evolution of the GDPT was associated with decreases in the production of hotels and restaurants (-34.1%), cattle (-16.5%), commerce (-12.2%) and construction (-7.8%), mainly; which was partially counteracted by the increase in the production of fishing and aquaculture (25.0%), health (3.4%), water (3.3%), electricity (3.0%), education (2.9%), and agriculture (2.8%), mainly.

Consumption decreased 4.1 percent year-on-year (-1.5 percent in the semester), because of the decline in private consumption, which was partially offset by the growth in public consumption.

Ver "Quarterly Gross Domestic Product Report - II Quarter 2018".

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