Balanced trade in services in Nicaragua
Nicaragua: Balanced trade in services was 1.1 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Nicaragua, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced trade in services in Nicaragua is 1.1 US dollars, exchange rate converted, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 12.0% on the previous year and up 30.0% over ten years.
Over the whole period, balanced trade in services in Nicaragua peaked at 1.1 US dollars, exchange rate converted in 2024 and was at its lowest, 0.4605 US dollars, exchange rate converted, in 2005.
Nicaragua ranks 115th of 174 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Nicaragua, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.4605 US dollars, exchange rate converted | — |
| 2006 | 0.5175 US dollars, exchange rate converted | +12.4% |
| 2007 | 0.5778 US dollars, exchange rate converted | +11.7% |
| 2008 | 0.6646 US dollars, exchange rate converted | +15.0% |
| 2009 | 0.6222 US dollars, exchange rate converted | -6.4% |
| 2010 | 0.6129 US dollars, exchange rate converted | -1.5% |
| 2011 | 0.6918 US dollars, exchange rate converted | +12.9% |
| 2012 | 0.72 US dollars, exchange rate converted | +4.1% |
| 2013 | 0.8557 US dollars, exchange rate converted | +18.9% |
| 2014 | 0.8428 US dollars, exchange rate converted | -1.5% |
| 2015 | 0.8776 US dollars, exchange rate converted | +4.1% |
| 2016 | 0.814 US dollars, exchange rate converted | -7.2% |
| 2017 | 0.84 US dollars, exchange rate converted | +3.2% |
| 2018 | 0.8297 US dollars, exchange rate converted | -1.2% |
| 2019 | 0.8052 US dollars, exchange rate converted | -3.0% |
| 2020 | 0.4822 US dollars, exchange rate converted | -40.1% |
| 2021 | 0.6922 US dollars, exchange rate converted | +43.6% |
| 2022 | 0.9036 US dollars, exchange rate converted | +30.5% |
| 2023 | 0.9781 US dollars, exchange rate converted | +8.3% |
| 2024 | 1.1 US dollars, exchange rate converted | +12.0% |
Nicaragua compared with similar countries
- Nicaragua's 1.1 US dollars, exchange rate converted is below the median for lower middle income countries, which is 1.24 US dollars, exchange rate converted, 88% of the median. (42 countries reporting)
- Nicaragua's 1.1 US dollars, exchange rate converted is below the median for Latin America & Caribbean, which is 3.38 US dollars, exchange rate converted, 32% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5685 US dollars, exchange rate converted | 0.4605 US dollars, exchange rate converted | 0.6646 US dollars, exchange rate converted | 5 |
| 2010s | 0.789 US dollars, exchange rate converted | 0.6129 US dollars, exchange rate converted | 0.8776 US dollars, exchange rate converted | 10 |
| 2020s | 0.8303 US dollars, exchange rate converted | 0.4822 US dollars, exchange rate converted | 1.1 US dollars, exchange rate converted | 5 |
Countries ranked near Nicaragua
- 112 Palestine 1.14 US dollars, exchange rate converted compare
- 113 Nepal 1.13 US dollars, exchange rate converted compare
- 114 Gabon 1.11 US dollars, exchange rate converted compare
- 116 Somalia 1.07 US dollars, exchange rate converted compare
- 117 Armenia 1.06 US dollars, exchange rate converted compare
- 118 Zimbabwe 1.04 US dollars, exchange rate converted compare
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)
- SDRs holdings, US dollar, annual growth rate 4.16 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0168 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 53.46 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.8097 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0123 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 39.04 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -11.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.014 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Nicaragua?
- Balanced trade in services in Nicaragua was 1.1 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Nicaragua?
- The highest recorded value was 1.1 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Nicaragua?
- The lowest recorded value was 0.4605 US dollars, exchange rate converted in 2005.
- How does Nicaragua rank for balanced trade in services?
- Nicaragua ranks 115th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Nicaragua?
- Over the last ten years it is up 30.0%. The long-run trend across the full record is rising.
- Where does this Nicaragua data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html