Nicaragua: Economy to Grow 4.7% in 2018

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.

Friday, December 1, 2017

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.  

See complete "Third Economic Situation Report of Funides" (in Spanish).

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From a report by Funides:

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

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