Economy of Nicaragua |
Currency |
1 Córdoba (NIO) = 100 centavos |
Fiscal year |
Calendar year |
Trade organizations |
CAFTA, FTAA, WTO, GSTP |
Statistics |
GDP Ranking (2005) |
103th by volume adjusted for PPP; |
GDP PPP |
$17.09 billion (2006 est.) |
GDP growth rate |
3.7% (2006 est.) |
GDP per Capita |
$3,100 (2006 est.) |
GDP by sector |
agriculture: 17.2% , industry: 25.9%, services: 56.9%% |
Inflation rate |
9.1% (2006 est.) |
Pop below poverty line |
28% (2006)[1] |
Labour force |
2.204 million (2006 est.) |
Labour force by occupation |
agriculture: 29%, industry: 19%, services: 52% (2006) |
Unemployment rate |
3.8% (2006) |
Main Industries |
food processing, chemicals, machinery and metal products, textiles, clothing, petroleum refining and distribution, beverages, footwear, wood |
Trading Partners |
Exports |
$1.978 billion f.o.b.; note - includes free trade zones (2006 est.) |
Main Partners |
US 65.9%, El Salvador 7%, Honduras 3.8% (2006) |
Imports |
$3.422 billion f.o.b. (2006 est.) |
Main Partners |
US 22.5%, Venezuela 10.5%, Costa Rica 7.7%, Mexico 7.2%, Guatemala 6.1%, the People's Republic of China 4.8%, El Salvador 4.4% (2006) (2006) |
Public Finances |
Public Debt |
83.1% of GDP (2006 est.) |
Revenues |
$996.7 million (2006 est.) |
Expenditures |
$1.211 billion (2006 est.) |
Economic Aid |
$471 million (2006 est.) |