Last year, economic activity and employment generation continued to rise, cumulative inflation reached 5.7% and international reserves were strengthened.
Tuesday, April 3, 2018
From a statement issued by the Central Bank of Nicaragua:
For the eighth consecutive year, Nicaragua continued to register a positive macroeconomic performance. Economic activity and job creation continued to grow and inflation remained stable, reaching a cumulative variation of 5.68 percent. The management of public finances continued to be prudent, international reserves were strengthened, while the financial system remained sound. An improved international context and good rainfall favored growth of exports, as well as an increase in the flow of family remittances and tourism which contributed to the strengthening of the country's external position.
Therefore, the Gross Domestic Product (GDP) recorded robust growth of 4.9 percent in 2017, in line with expectations.With this result, Nicaragua has achieved an average growth of 5.2 percent in the 2010-2017 period. This sustained rate of economic growth allowed for a per capita GDP of $2,161 in 2017 and has favored an improvement in poverty indicators.
According to the international organization the outlook is favorable and the risks to the economy are moderate, and production growth for 2019 is expected to range between 5.25% and 5%.
Economic growth rebounded to a record high of 7% in 2018, with positive momentum maintained in the early part of 2019, the International Monetary Fund reported after concluding its last visit to the Caribbean country.
The entity highlighted macroeconomic strength, but warned about the Social Security Institute's growing deficit and other risks linked to less cooperation with Venezuela over oil matters.
From a press release issued by the IMF:
This statement summarizes the preliminary findings and recommendations of the mission that visited Managua during April 24-May 5 in the context of the 2017 Article IV consultation.
"Nicaragua's main challenge is to maintain strong, sustainable and inclusive growth in the context of increased uncertainty regarding global trade and economic activity."
The Nicaraguan economy continues to record high growth rates and sustainable macroeconomic policies, with an average GDP growth of 5.2% in recent years.
Statement issued by the IMF:
IMF Concludes Staff Visit to Nicaragua
Press Release No. 16/191
April 29, 2016
A staff team from the International Monetary Fund (IMF) led by Gerardo Peraza visited Managua during April 25–29, 2016.
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