Gross domestic product (GDP) in Nicaragua
Nicaragua: Gross domestic product (GDP) was 50.06 billion international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
50.06 billion international-$ in 2021 prices
Change on year
up 5.3%
World rank
121st
of 184 countries
All-time high
50.06 billion international-$ in 2021 prices
in 2023
All-time low
5.26 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
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.
Gross domestic product (GDP) in Nicaragua, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 5.26 billion international-$ in 2021 prices | — |
| 1951 | 6.01 billion international-$ in 2021 prices | +14.2% |
| 1952 | 6.94 billion international-$ in 2021 prices | +15.5% |
| 1953 | 7.33 billion international-$ in 2021 prices | +5.6% |
| 1954 | 7.96 billion international-$ in 2021 prices | +8.6% |
| 1955 | 8.57 billion international-$ in 2021 prices | +7.6% |
| 1956 | 8.55 billion international-$ in 2021 prices | -0.2% |
| 1957 | 9.27 billion international-$ in 2021 prices | +8.5% |
| 1958 | 9.34 billion international-$ in 2021 prices | +0.8% |
| 1959 | 9.49 billion international-$ in 2021 prices | +1.6% |
| 1960 | 9.56 billion international-$ in 2021 prices | +0.7% |
| 1961 | 10.25 billion international-$ in 2021 prices | +7.3% |
| 1962 | 11.60 billion international-$ in 2021 prices | +13.1% |
| 1963 | 12.66 billion international-$ in 2021 prices | +9.1% |
| 1964 | 14.24 billion international-$ in 2021 prices | +12.5% |
| 1965 | 16.05 billion international-$ in 2021 prices | +12.7% |
| 1966 | 16.28 billion international-$ in 2021 prices | +1.5% |
| 1967 | 17.48 billion international-$ in 2021 prices | +7.4% |
| 1968 | 17.78 billion international-$ in 2021 prices | +1.7% |
| 1969 | 18.68 billion international-$ in 2021 prices | +5.1% |
| 1970 | 19.07 billion international-$ in 2021 prices | +2.1% |
| 1971 | 19.83 billion international-$ in 2021 prices | +4.0% |
| 1972 | 19.46 billion international-$ in 2021 prices | -1.9% |
| 1973 | 22.11 billion international-$ in 2021 prices | +13.6% |
| 1974 | 25.60 billion international-$ in 2021 prices | +15.8% |
| 1975 | 23.55 billion international-$ in 2021 prices | -8.0% |
| 1976 | 25.44 billion international-$ in 2021 prices | +8.0% |
| 1977 | 29.46 billion international-$ in 2021 prices | +15.8% |
| 1978 | 24.65 billion international-$ in 2021 prices | -16.3% |
| 1979 | 15.54 billion international-$ in 2021 prices | -37.0% |
| 1980 | 20.90 billion international-$ in 2021 prices | +34.6% |
| 1981 | 22.02 billion international-$ in 2021 prices | +5.3% |
| 1982 | 21.12 billion international-$ in 2021 prices | -4.1% |
| 1983 | 22.63 billion international-$ in 2021 prices | +7.1% |
| 1984 | 22.76 billion international-$ in 2021 prices | +0.6% |
| 1985 | 23.26 billion international-$ in 2021 prices | +2.2% |
| 1986 | 22.28 billion international-$ in 2021 prices | -4.2% |
| 1987 | 23.30 billion international-$ in 2021 prices | +4.6% |
| 1988 | 17.62 billion international-$ in 2021 prices | -24.4% |
| 1989 | 16.16 billion international-$ in 2021 prices | -8.3% |
| 1990 | 16.62 billion international-$ in 2021 prices | +2.9% |
| 1991 | 17.03 billion international-$ in 2021 prices | +2.5% |
| 1992 | 16.93 billion international-$ in 2021 prices | -0.6% |
| 1993 | 16.44 billion international-$ in 2021 prices | -2.9% |
| 1994 | 17.42 billion international-$ in 2021 prices | +6.0% |
| 1995 | 18.46 billion international-$ in 2021 prices | +6.0% |
| 1996 | 19.36 billion international-$ in 2021 prices | +4.9% |
| 1997 | 20.21 billion international-$ in 2021 prices | +4.4% |
| 1998 | 21.22 billion international-$ in 2021 prices | +5.0% |
| 1999 | 22.49 billion international-$ in 2021 prices | +6.0% |
| 2000 | 23.00 billion international-$ in 2021 prices | +2.3% |
| 2001 | 23.46 billion international-$ in 2021 prices | +2.0% |
| 2002 | 23.37 billion international-$ in 2021 prices | -0.4% |
| 2003 | 23.87 billion international-$ in 2021 prices | +2.1% |
| 2004 | 24.73 billion international-$ in 2021 prices | +3.6% |
| 2005 | 26.38 billion international-$ in 2021 prices | +6.7% |
| 2006 | 26.72 billion international-$ in 2021 prices | +1.3% |
| 2007 | 28.02 billion international-$ in 2021 prices | +4.9% |
| 2008 | 29.15 billion international-$ in 2021 prices | +4.0% |
| 2009 | 28.26 billion international-$ in 2021 prices | -3.1% |
| 2010 | 29.31 billion international-$ in 2021 prices | +3.7% |
| 2011 | 31.09 billion international-$ in 2021 prices | +6.1% |
| 2012 | 32.30 billion international-$ in 2021 prices | +3.9% |
| 2013 | 32.86 billion international-$ in 2021 prices | +1.7% |
| 2014 | 35.07 billion international-$ in 2021 prices | +6.7% |
| 2015 | 36.98 billion international-$ in 2021 prices | +5.5% |
| 2016 | 39.31 billion international-$ in 2021 prices | +6.3% |
| 2017 | 40.58 billion international-$ in 2021 prices | +3.2% |
| 2018 | 39.37 billion international-$ in 2021 prices | -3.0% |
| 2019 | 39.75 billion international-$ in 2021 prices | +1.0% |
| 2020 | 40.46 billion international-$ in 2021 prices | +1.8% |
| 2021 | 46.53 billion international-$ in 2021 prices | +15.0% |
| 2022 | 47.56 billion international-$ in 2021 prices | +2.2% |
| 2023 | 50.06 billion international-$ in 2021 prices | +5.3% |
Nicaragua compared with similar countries
- Nicaragua's 50.06 billion international-$ in 2021 prices is below the median for lower middle income countries, which is 72.56 billion international-$ in 2021 prices, 69% of the median. (42 countries reporting)
- Nicaragua's 50.06 billion international-$ in 2021 prices is above the median for Latin America & Caribbean, which is 42.33 billion international-$ in 2021 prices, 1.2× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) 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 |
|---|---|---|---|
| 1979 | -37.0% | 24.65 billion international-$ in 2021 prices | 15.54 billion international-$ in 2021 prices |
| 1980 | +34.6% | 15.54 billion international-$ in 2021 prices | 20.90 billion international-$ in 2021 prices |
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
- 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$), annual growth rate 36.36 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Nicaragua?
- Gross domestic product (gdp) in Nicaragua was 50.06 billion international-$ 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.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.