Nicaraguan Economy: What to Expect in 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%.

Tuesday, May 17, 2016

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. They also fell by one tenth for 2017. The reduction is mainly due to a stagnation of economic growth in the US, which had been thought to have better expectations; continuity in China in the search for a new equilibrium; and the persistence of low prices of oil and raw materials. This price reduction, coupled with a global demand that has not responded strongly, has led to a slowdown in world trade.

Economic growth besides being moderate has been uneven around the world. the United States is projected to grow at 2.4 percent in 2016. China is currently in a state of transition, moving from basing its economy on exports to domestic consumption of goods and services. As a result it is expected that China's economy will record growth rates of 6.5 and 6.2 for 2016 and 2017 respectively.

Read full report by Funides (in spanish).



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.  

Nicaragua: Economic Situation First Quarter

April 2015

The GDP growth projection of 4.5% for 2015 reflects the positive effect of increased investment and the reduction in oil prices.

From a statement issued by the Nicaraguan Foundation for Economic and Social Development (Funides):

The Nicaraguan Foundation for Economic and Social Development (FUNIDES) projects in its first Economic Situation report of the year that in 2015 the economy will grow by 4.5%.

Nicaragua: Economic Situation Report II Quarter

July 2014

A slowdown in the pace of economic activity in the country and loss of dynamism in private investment has been indicated.

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

The Nicaraguan Foundation for Economic and Social Development (FUNIDES) presents its second report on economic conditions in 2014, which states that in the first 4 months of this year, the economy experienced a mild slowdown. According to the 12-month average variation of the Monthly Index of Economic Activity (IMEA), growth which had been over 5 percent since April 2013, fell to 4.8 percent in April, largely due to the earthquakes in that month.

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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