Annual GDP growth in Nicaragua
Nicaragua: Annual GDP growth was 3.6% in 2024. ◆ Volatile
Latest (2024)
3.6%
Change on year
down 19.0%
World rank
83rd
of 196 countries
All-time high
10.5%
in 2021
All-time low
-3.4%
in 2018
Years of data
25
2000–2024
Annual GDP growth in Nicaragua, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Nicaragua stood at 3.6%.
That represents a change of down 19.0% on the previous year and down 25.0% over ten years.
Over the whole period, annual gdp growth in Nicaragua peaked at 10.5% in 2021 and was at its lowest, -3.4%, in 2018.
That places Nicaragua 83rd out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Nicaragua, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.1% | — |
| 2001 | 3.0% | -27.8% |
| 2002 | 0.8% | -74.5% |
| 2003 | 2.5% | +234.3% |
| 2004 | 5.3% | +110.7% |
| 2005 | 4.3% | -19.4% |
| 2006 | 4.2% | -3.0% |
| 2007 | 5.1% | +22.2% |
| 2008 | 3.4% | -32.3% |
| 2009 | -3.3% | -195.8% |
| 2010 | 4.4% | -233.9% |
| 2011 | 6.3% | +43.2% |
| 2012 | 6.5% | +2.8% |
| 2013 | 4.9% | -24.2% |
| 2014 | 4.8% | -2.9% |
| 2015 | 4.8% | +0.1% |
| 2016 | 4.6% | -4.8% |
| 2017 | 4.6% | +1.5% |
| 2018 | -3.4% | -172.6% |
| 2019 | -2.9% | -13.9% |
| 2020 | -2.2% | -22.8% |
| 2021 | 10.5% | -567.4% |
| 2022 | 3.6% | -66.0% |
| 2023 | 4.4% | +24.7% |
| 2024 | 3.6% | -19.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.9% | -3.3% | 5.3% | 10 |
| 2010s | 3.5% | -3.4% | 6.5% | 10 |
| 2020s | 4.0% | -2.2% | 10.5% | 5 |
Countries ranked near Nicaragua
More economy & growth data for Nicaragua
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 13.07 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 32.57 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 103,361 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.74 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6703 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 2,127 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.74 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 8.9 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Nicaragua?
- Annual gdp growth in Nicaragua was 3.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Nicaragua?
- The highest recorded value was 10.5% in 2021.
- What is the lowest annual gdp growth recorded in Nicaragua?
- The lowest recorded value was -3.4% in 2018.
- How does Nicaragua rank for annual gdp growth?
- Nicaragua ranks 83rd out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Nicaragua?
- Over the last ten years it is down 25.0%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).