Nicaragua: Economic Growth Slows Down

After in January 2021 the Monthly Index of Economic Activity in the country registered an year on year increase of 0.7%, in February a lower growth was registered, which amounted to 0.2%.

Monday, May 3, 2021

The activities with the highest growth were: mining and quarrying, 24.5%, commerce, 6.2%, fishing and aquaculture, 5.6%, construction, 2.4%, and manufacturing industry, 2.3%, among others, informed the Central Bank of Nicaragua (BCN).

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On the other hand, the activities that showed the most significant decreases were: hotels and restaurants, -22.4%, and financial intermediation and related services, -7.7%, among others, highlights the official report.

The document adds that "... in primary activities, growth was recorded in fishing and aquaculture, mining and quarrying, and agriculture, and decreases in forestry and timber extraction and livestock.

In the manufacturing industry, there was growth in the manufacture of textiles, tobacco products, petroleum and non-metallic products, among others. In services, growth was observed in commerce, education, public administration and defense, home ownership and health; and decreases in hotels and restaurants, financial intermediation and related services, other services, energy and water, among others.

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More on this topic

Nicaraguan Economy Grows at 7%

May 2021

During March 2021, the Monthly Index of Economic Activity reported a year-on-year variation of 6.5%, a rise that is largely explained by the dynamism of mining and quarrying, manufacturing industry and construction.

In primary activities, growth was registered in mining and quarrying, livestock, agriculture, fishing and aquaculture, and a decrease in forestry and timber extraction, informed the Central Bank of Nicaragua (BCN).

Nicaragua: Economic Activity Falls by 6%

May 2019

At the beginning of 2019, the Monthly Index of Economic Activity registered a 6% decrease with respect to January 2018, mainly because of the behavior of the Hotels and Restaurants and Commerce sectors.

During January 2019, in the original series, the activities with the greatest growth were livestock, 6.5%, energy and water, 4.3%, agriculture, 3.4%, forestry and wood extraction, 3.4%, education, 2.1%, and health, 1.6%, reported the Central Bank of Nicaragua (BCN).

Economic Activity in Nicaragua Declines 5%

January 2019

Up to November 2018, the economic activity index fell 5% with respect to the same month in 2017, mainly because of the performance in the Hotels and Restaurants and Transport and Communications sectors.

The report of the Central Bank of Nicaragua states that "... in the eleventh month of 2018 the IMAE registered a 5.1 percent decrease with respect to November 2017, an average annual variation of -1.9 percent and a decrease in the accumulated variation of 2.6 percent.

Nicaragua: Economic Activity Up 5% in 2017

February 2018

In December of last year, year-on-year growth of economic activity was 5.3%, explained for a fourth consecutive month by fishing and aquaculture activities, and agriculture.

From a report by the Central Bank of Nicaragua:

The BCN issued on February 16, 2018 the Monthly Index on Economic Activity (IMAE) report for the month of December 2017. The report shows that the IMAE grew by 5.3 percent in relation to December 2016, with an average annual variation, which in December coincides with the cumulative variation of 4.8 percent. [GRAFICA caption = "Click to interact with graph"]

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