Nicaragua: Economic Outlook for the Second Quarter of 2017

At the end of the year the Nicaraguan economy could achieve a growth of 4.6%, a tenth less than in 2016, continuing the process of deceleration seen over the last two years.

Wednesday, August 30, 2017

From a report by Funides:

The Nicaraguan Foundation for Economic and Social Development (FUNIDES) presents its second Economic Situation Report for 2017, showing that economic growth for 2017 will be 4.6 percent, one tenth lower than last year, continuing the process of deceleration seen in the last two years. 

According to the report, the economic downturn comes from the consumption side, where businesses have shown a reduction in sales growth.  This situation contrasts with the good performance of exports, which have shown an increase of 9.1 percent during the first quarter of 2017, after a rather disappointing year in 2016 for exporters.   

Read full report by Funides.

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More on this topic

Nicaragua: Economy to Grow 4.7% in 2018

December 2017

Funides projects that 2017 will close with economic growth of 4.8%, explained mainly by the good performance of exports, which may slowdown in 2018.

From the preface to Funides' Third Economic Situation Report: 

FUNIDES projects that the economy will close with a growth of 4.8 percent in 2017.  Consumption, after having slowed down during 2016 and much of 2017, now shows signs of some stability, except in the case of consumption of durable goods. There has been a slowdown in investments, while exports of goods and services have shown an acceleration even in the third quarter of the year, and have been a key element in sustaining the current rate of growth. However, there are decreases in exports of harnesses and a slowdown in the textile sector, which is expected to have almost zero growth. Manufacturing continued to be driven by increased activity in certain export products, such as sugar and meat, although less favorable international prices are forecast.  The deceleration in the collection of taxes on added value and on income continued, a trend that had been highlighted in the previous Conjuncture Report. The accumulated deficit of the INSS was less negative as a result of an effort to reduce expenses, in a scenario of increased revenues. Remittances continued to rise, reaching an increase of 10.6 percent in nominal terms in September, well above the recent average. This increase in remittances has been generating a positive effect on consumption in the last months of the year. We are noticing a slowdown in private investment, which could close in figures lower than those of last year.  

Nicaraguan Economy: What to Expect in 2016

May 2016

Funides projections for conditions in 2016 are similar to those of 2015 and it estimates that the economy will grow by between 4.5 and 4.7%.

From the executive summary of the "First Economic Situation Report for 2016 " by Funides:

Growth projections for the world economy in 2016 have decreased from 3.4 to 3.2 percent according to the latest projections by the International Monetary Fund.

Nicaragua: III Economic Report 2013

April 2014

The economy grew by 4.6% in 2013, driven by private consumption, exports and government spending.

The greater optimism envisioned by entrepreneurs for the future of the economy validates the results achieved in 2013, according to the Economic Situation report by the Foundation for Economic and Social Development (Funides).

Economy of Nicaragua 2012

January 2012

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

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.

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