Gross Domestic Product — Annual growth Standard Local Currency in Nicaragua
Nicaragua: Gross Domestic Product — Annual growth Standard Local Currency was 15.73 % in 2023. ◆ Volatile
Gross Domestic Product — Annual growth Standard Local Currency in Nicaragua, 1971–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
The most recent figure for gross domestic product — annual growth standard local currency in Nicaragua is 15.73 %, measured in 2023.
Compared with earlier readings it is up 22.3% on the previous year and up 65.7% over ten years.
Over the whole period, gross domestic product — annual growth standard local currency in Nicaragua peaked at 11,907 % in 1988 and was at its lowest, -4.41 %, in 1978.
That places Nicaragua 23rd out of 202 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Annual growth Standard Local Currency in Nicaragua, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 6.43 % | — |
| 1972 | 6.57 % | +2.0% |
| 1973 | 24.15 % | +267.9% |
| 1974 | 39.07 % | +61.8% |
| 1975 | 4.57 % | -88.3% |
| 1976 | 16.19 % | +254.0% |
| 1977 | 21.21 % | +31.1% |
| 1978 | -4.41 % | -120.8% |
| 1979 | -3.16 % | -28.2% |
| 1980 | 50.83 % | -1707.2% |
| 1981 | 11.84 % | -76.7% |
| 1982 | 15.8 % | +33.5% |
| 1983 | 16.12 % | +2.1% |
| 1984 | 36.79 % | +128.2% |
| 1985 | 156.28 % | +324.8% |
| 1986 | 276.89 % | +77.2% |
| 1987 | 519.68 % | +87.7% |
| 1988 | 11,907 % | +2191.2% |
| 1989 | 4,620 % | -61.2% |
| 1990 | 7,488 % | +62.1% |
| 1991 | 3,015 % | -59.7% |
| 1992 | 24.14 % | -99.2% |
| 1993 | 19.92 % | -17.5% |
| 1994 | 11.37 % | -42.9% |
| 1995 | 20.1 % | +76.8% |
| 1996 | 16.56 % | -17.6% |
| 1997 | 14.13 % | -14.7% |
| 1998 | 18.26 % | +29.2% |
| 1999 | 16.91 % | -7.4% |
| 2000 | 13.02 % | -23.0% |
| 2001 | 10.42 % | -20.0% |
| 2002 | 4.03 % | -61.3% |
| 2003 | 7.99 % | +98.3% |
| 2004 | 14.84 % | +85.9% |
| 2005 | 14.57 % | -1.8% |
| 2006 | 12.72 % | -12.7% |
| 2007 | 15.24 % | +19.8% |
| 2008 | 20.19 % | +32.5% |
| 2009 | 2.54 % | -87.4% |
| 2010 | 10.82 % | +325.1% |
| 2011 | 17.18 % | +58.8% |
| 2012 | 13.15 % | -23.5% |
| 2013 | 9.49 % | -27.8% |
| 2014 | 13.58 % | +43.1% |
| 2015 | 12.74 % | -6.2% |
| 2016 | 9.36 % | -26.5% |
| 2017 | 8.95 % | -4.4% |
| 2018 | -0.7945 % | -108.9% |
| 2019 | 2.34 % | -394.8% |
| 2020 | 3.54 % | +51.2% |
| 2021 | 14.22 % | +301.6% |
| 2022 | 12.86 % | -9.6% |
| 2023 | 15.73 % | +22.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.29 % | -4.41 % | 39.07 % | 9 |
| 1980s | 1,761 % | 11.84 % | 11,907 % | 10 |
| 1990s | 1,064 % | 11.37 % | 7,488 % | 10 |
| 2000s | 11.56 % | 2.54 % | 20.19 % | 10 |
| 2010s | 9.68 % | -0.7945 % | 17.18 % | 10 |
| 2020s | 11.59 % | 3.54 % | 15.73 % | 4 |
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 gross domestic product — annual growth standard local currency in Nicaragua?
- Gross domestic product — annual growth standard local currency in Nicaragua was 15.73 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth standard local currency recorded in Nicaragua?
- The highest recorded value was 11,907 % in 1988.
- What is the lowest gross domestic product — annual growth standard local currency recorded in Nicaragua?
- The lowest recorded value was -4.41 % in 1978.
- How does Nicaragua rank for gross domestic product — annual growth standard local currency?
- Nicaragua ranks 23rd out of 202 countries with data for 2023.
- Is gross domestic product — annual growth standard local currency rising or falling in Nicaragua?
- Over the last ten years it is up 65.7%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).