Annual GDP growth in Nicaragua
Nicaragua: Annual GDP growth was 3.6% in 2024. ◆ Volatile
Annual GDP growth in Nicaragua, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Nicaragua is 3.6%, measured in 2024.
Compared with earlier readings it is down 19.0% on the previous year and down 25.1% over ten years.
Over the whole period, annual gdp growth in Nicaragua peaked at 10.4% in 2021 and was at its lowest, -3.4%, in 2018.
That places Nicaragua 91st out of 212 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 | % | Change |
|---|---|---|
| 2000 | 4.1% | — |
| 2001 | 3.0% | -27.8% |
| 2002 | 0.8% | -74.7% |
| 2003 | 2.5% | +236.0% |
| 2004 | 5.3% | +110.7% |
| 2005 | 4.3% | -19.4% |
| 2006 | 4.2% | -3.0% |
| 2007 | 5.1% | +22.4% |
| 2008 | 3.4% | -32.3% |
| 2009 | -3.3% | -195.6% |
| 2010 | 4.4% | -234.0% |
| 2011 | 6.3% | +43.3% |
| 2012 | 6.5% | +2.8% |
| 2013 | 4.9% | -24.2% |
| 2014 | 4.8% | -2.8% |
| 2015 | 4.8% | +0.0% |
| 2016 | 4.6% | -4.8% |
| 2017 | 4.6% | +1.5% |
| 2018 | -3.4% | -172.6% |
| 2019 | -2.9% | -13.7% |
| 2020 | -2.2% | -22.8% |
| 2021 | 10.4% | -566.5% |
| 2022 | 3.5% | -66.0% |
| 2023 | 4.4% | +24.8% |
| 2024 | 3.6% | -19.0% |
Nicaragua compared with similar countries
- Nicaragua's 3.6% is below the median for lower middle income countries, which is 3.8%, 94% of the median. (47 countries reporting)
- Nicaragua's 3.6% is above the median for Latin America & Caribbean, which is 3.3%, 1.1× the median. (41 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Nicaragua changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +566.5% | -2.2% | 10.4% |
| 2003 | +236.0% | 0.8% | 2.5% |
| 2010 | +234.0% | -3.3% | 4.4% |
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% | 10.4% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 73.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 10.67 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.35 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 21.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0687 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 195.53 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 36.36 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Nicaragua?
- Annual gdp growth in Nicaragua was 3.6% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Nicaragua?
- The highest recorded value was 10.4% 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 91st out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Nicaragua?
- Over the last ten years it is down 25.1%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).