Economy of Nicaragua 2012

First Economic Situation Report 2012 has been issued by the Nicaraguan Foundation for Social and Economic Development.

Wednesday, January 25, 2012

Executive summary of the report by FUNIDES:

External Environment

The growth of world economy and in particular in the advanced economies in 2011 was lower than anticipated. The latest estimates from the Economist 1 Intelligence Unit (EIU, December 16, 2011) forecast a global economic growth of 3.8 percent for 2011 and 3.2 percent for 2012. These projections are lower than the 4.5 percent initially estimated by the IMF for 2011-2012.


The Economy in 2011
Growth, Wages and Inflation

The indicators and projections by FUNIDES suggest that the economy grew by nearly 5 percent in 2011 but it shows some slowing down from the mid-year point.

On the supply side, the most dynamic sectors were mining, construction, livestock and industry.

On the demand side, growth was driven by investment and exports. Investment indicators point to a real growth of around 25 percent during the first nine months of 2011 while the volume of exports grew 21 percent in October.


Surveys by FUNIDES

The opinions expressed in polls by FUNIDES on households and businesses, are consistent with the increase in economic activity.

What most concerns households the most is inflation (in particular the rise in food, transport and electricity), and the employment situation.

The most serious concern to employers due to their negative impact on economic activity and investment are: corruption, the political environment, the costs of electric power and credit.


Full View: First Economic Situation Report, 2012 (in Spanish)



More on this topic

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The report notes that although private consumption remains the main engine, the pace of growth in economic activity continues to slow.

Economic Situation Report of the third quarter of the year, prepared by the Nicaraguan Foundation for Economic Development:

The Nicaraguan Foundation for Economic and Social Development (FUNIDES) presents its third report on economic conditions in 2014, which states that in the first 7 months of 2014, the economy has continued a slowdown which began in the fourth quarter 2013. The average variation of 12 months of the Monthly Index of Economic Activity (MIEA), original series, which had reached 4.8% in April stood at 4.2% in July.

Economic Outlook in Nicaragua

November 2012

After upgrading the System of National Accounts, reports for the second quarter 2012 indicate an acceleration in economic growth, of 4.2%, compared to the same period of 2011.

Situation Report 2012 II, by the Central Bank of Nicaragua:
In annual terms, the Nicaraguan economy achieved growth of 4.2 percent.

Nicaragua: Economic Situation Report, III Quarter

August 2012

A report by Funides for August 2012 indicatges the national and international economic situation, growth projections from 2012 to 2014, road and energy investment needs, and a possible tax reform.

From the Executive Summary of the Third Report on economic conditions in 2012:

Nicaragua: Economic Situation in June 2011

July 2011

FUNIDES has projected economic growth of 3.5% to 4% for 2011-2013, noting that these are various risks that make the projections err towards the downside.

The executive summary of the second situation report by the Nicaraguan Economic Foundation for Economic and Social Development (FUNIDES) 2011 begins:

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