Gross domestic product (GDP) in Nicaragua
Nicaragua: Gross domestic product (GDP) was 50.06 billion international-$ in 2021 prices in 2023. ▲ Rising
Gross domestic product (GDP) in Nicaragua, 1950–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Nicaragua is 50.06 billion international-$ in 2021 prices, measured in 2023. That is the highest value across all 74 years on record.
That represents a change of up 5.3% on the previous year and up 52.4% over ten years.
Over the whole period, gross domestic product (gdp) in Nicaragua peaked at 50.06 billion international-$ in 2021 prices in 2023 and was at its lowest, 5.26 billion international-$ in 2021 prices, in 1950.
That places Nicaragua 121st out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 74 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 7.87 billion international-$ in 2021 prices | 5.26 billion international-$ in 2021 prices | 9.49 billion international-$ in 2021 prices | 10 |
| 1960s | 14.46 billion international-$ in 2021 prices | 9.56 billion international-$ in 2021 prices | 18.68 billion international-$ in 2021 prices | 10 |
| 1970s | 22.47 billion international-$ in 2021 prices | 15.54 billion international-$ in 2021 prices | 29.46 billion international-$ in 2021 prices | 10 |
| 1980s | 21.20 billion international-$ in 2021 prices | 16.16 billion international-$ in 2021 prices | 23.30 billion international-$ in 2021 prices | 10 |
| 1990s | 18.62 billion international-$ in 2021 prices | 16.44 billion international-$ in 2021 prices | 22.49 billion international-$ in 2021 prices | 10 |
| 2000s | 25.70 billion international-$ in 2021 prices | 23.00 billion international-$ in 2021 prices | 29.15 billion international-$ in 2021 prices | 10 |
| 2010s | 35.66 billion international-$ in 2021 prices | 29.31 billion international-$ in 2021 prices | 40.58 billion international-$ in 2021 prices | 10 |
| 2020s | 46.15 billion international-$ in 2021 prices | 40.46 billion international-$ in 2021 prices | 50.06 billion international-$ in 2021 prices | 4 |
Countries ranked near Nicaragua
- 118 Tajikistan 50.32 billion international-$ in 2021 prices compare
- 119 Niger 50.20 billion international-$ in 2021 prices compare
- 120 Madagascar 50.09 billion international-$ in 2021 prices compare
- 122 Gabon 49.00 billion international-$ in 2021 prices compare
- 123 Benin 49.00 billion international-$ in 2021 prices compare
- 124 Macao 46.16 billion international-$ in 2021 prices compare
More economy & growth data for Nicaragua
- External balance on goods and services as a percent of GDP -13.3% (2025)
- Inflation of consumer prices 2.1% (2025)
- GDP per capita 2,372 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 12.6% (2025)
- Gross domestic product (GDP) 16.62 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 2,372 constant 2015 US$ (2025)
- DEC alternative conversion factor 36.62 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 225.76 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.16 billion current US$ (2025)
- Taxes less subsidies on products 90.12 billion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Nicaragua?
- Gross domestic product (gdp) in Nicaragua was 50.06 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Nicaragua?
- The highest recorded value was 50.06 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Nicaragua?
- The lowest recorded value was 5.26 billion international-$ in 2021 prices in 1950.
- How does Nicaragua rank for gross domestic product (gdp)?
- Nicaragua ranks 121st out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Nicaragua?
- Over the last ten years it is up 52.4%. The long-run trend across the full record is rising.
- Where does this Nicaragua data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.