Signs of Slowdown in Nicaragua

Economic growth remains above 4% but it is slowing down and becoming concentrated on a few activities.

Tuesday, July 16, 2013

The Nicaraguan Foundation for Economic and Social Development (FUNIDES) presented on Tuesday July 16 its second report on economic conditions in 2013, which indicates that economic growth remains above 4 percent, but is slowing down and is concentrated on a few activities. According to the Monthly Economic Activity Index (MIEA) by the Central Bank of Nicaragua (BCN), the economy grew 4.8 percent in the last twelve months and 4.3 percent in the first quarter of 2013.

On the supply side, the activities that drove economic growth in the first quarter of 2013 were manufacturing, agriculture, finance, and government. On the demand side, exports grew very little and private investment decreased, meaning that the growth was driven by consumption and public spending.

In line with the slowdown in economic activity the latest FUNIDES surveys show that in April 2013 some of the positive trends that had been observed throughout 2012 have reversed. On the consumer side, the proportion of households with greater purchasing power declined almost eight percentage points from the previous survey. In addition, a lower percentage of households are willing to make major purchases, while concern over inflation is gaining relevance.



More on this topic

Nicaragua: Economic Situation in III Quarter of 2016

December 2016

Up to September 2016 a slowdown was recorded in the growth rate of bank deposits in the private sector and all credit portfolios, except for personal loans.

From the Preface "Third economic situation report 2016" by the Nicaraguan Foundation for Economic and Social Development (Funides):

Nicaragua: Economic Analysis for September 2015

December 2015

In the first nine months of the year, economic activity grew by 3.5% compared to the same period in 2014, but the sectors that explained their growth in the first semester, have slowed.

From the executive summary of the report by Funides :

According to the Monthly Economic Activity Index (IMAE) up to September 2015, the growth rate of economic activity began to slow in early 2015.

Nicaragua: Fourth Economic Situation Report

December 2013

Economic activity grew by 4.7% on average up to September 2013, but its annual growth continues to slow down having gone down 6% at the beginning of the year to 3.5% in September.  

From the fourth report on economic conditions in 2013, by the Nicaraguan 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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