Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nicaragua
Nicaragua: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0615 million SLC per person in 2023. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nicaragua, 1970–2023
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Nicaragua is 0.0615 million SLC per person, measured in 2023.
That represents a change of up 3.1% on the previous year and up 16.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Nicaragua peaked at 0.0767 million SLC per person in 1977 and was at its lowest, 0.0321 million SLC per person, in 1993.
That places Nicaragua 97th out of 194 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nicaragua, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0648 million SLC per person | — |
| 1971 | 0.0659 million SLC per person | +1.7% |
| 1972 | 0.066 million SLC per person | +0.2% |
| 1973 | 0.0674 million SLC per person | +2.1% |
| 1974 | 0.0737 million SLC per person | +9.3% |
| 1975 | 0.073 million SLC per person | -0.9% |
| 1976 | 0.0744 million SLC per person | +1.9% |
| 1977 | 0.0767 million SLC per person | +3.1% |
| 1978 | 0.0692 million SLC per person | -9.8% |
| 1979 | 0.0495 million SLC per person | -28.4% |
| 1980 | 0.0504 million SLC per person | +1.8% |
| 1981 | 0.0516 million SLC per person | +2.4% |
| 1982 | 0.0498 million SLC per person | -3.5% |
| 1983 | 0.0508 million SLC per person | +1.9% |
| 1984 | 0.0488 million SLC per person | -4.0% |
| 1985 | 0.0457 million SLC per person | -6.3% |
| 1986 | 0.0442 million SLC per person | -3.3% |
| 1987 | 0.0429 million SLC per person | -3.0% |
| 1988 | 0.0367 million SLC per person | -14.4% |
| 1989 | 0.0352 million SLC per person | -4.0% |
| 1990 | 0.0344 million SLC per person | -2.4% |
| 1991 | 0.0335 million SLC per person | -2.5% |
| 1992 | 0.0329 million SLC per person | -1.9% |
| 1993 | 0.0321 million SLC per person | -2.6% |
| 1994 | 0.0324 million SLC per person | +1.2% |
| 1995 | 0.0337 million SLC per person | +3.8% |
| 1996 | 0.0351 million SLC per person | +4.4% |
| 1997 | 0.0359 million SLC per person | +2.2% |
| 1998 | 0.0367 million SLC per person | +2.1% |
| 1999 | 0.0387 million SLC per person | +5.5% |
| 2000 | 0.0398 million SLC per person | +2.7% |
| 2001 | 0.0404 million SLC per person | +1.6% |
| 2002 | 0.0402 million SLC per person | -0.5% |
| 2003 | 0.0407 million SLC per person | +1.3% |
| 2004 | 0.0424 million SLC per person | +4.1% |
| 2005 | 0.0437 million SLC per person | +2.9% |
| 2006 | 0.0448 million SLC per person | +2.7% |
| 2007 | 0.0464 million SLC per person | +3.6% |
| 2008 | 0.0473 million SLC per person | +2.0% |
| 2009 | 0.0451 million SLC per person | -4.7% |
| 2010 | 0.0465 million SLC per person | +2.9% |
| 2011 | 0.0487 million SLC per person | +4.8% |
| 2012 | 0.0511 million SLC per person | +5.0% |
| 2013 | 0.0529 million SLC per person | +3.5% |
| 2014 | 0.0547 million SLC per person | +3.4% |
| 2015 | 0.0565 million SLC per person | +3.4% |
| 2016 | 0.0583 million SLC per person | +3.2% |
| 2017 | 0.0602 million SLC per person | +3.2% |
| 2018 | 0.0574 million SLC per person | -4.6% |
| 2019 | 0.0551 million SLC per person | -4.1% |
| 2020 | 0.0534 million SLC per person | -3.0% |
| 2021 | 0.0582 million SLC per person | +9.0% |
| 2022 | 0.0596 million SLC per person | +2.4% |
| 2023 | 0.0615 million SLC per person | +3.1% |
Nicaragua compared with similar countries
- Nicaragua's 0.0615 million SLC per person is below the median for lower middle income countries, which is 0.1359 million SLC per person, 45% of the median. (44 countries reporting)
- Nicaragua's 0.0615 million SLC per person is above the median for Latin America & Caribbean, which is 0.0461 million SLC per person, 1.3× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 | -28.4% | 0.0692 million SLC per person | 0.0495 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0681 million SLC per person | 0.0495 million SLC per person | 0.0767 million SLC per person | 10 |
| 1980s | 0.0456 million SLC per person | 0.0352 million SLC per person | 0.0516 million SLC per person | 10 |
| 1990s | 0.0345 million SLC per person | 0.0321 million SLC per person | 0.0387 million SLC per person | 10 |
| 2000s | 0.0431 million SLC per person | 0.0398 million SLC per person | 0.0473 million SLC per person | 10 |
| 2010s | 0.0542 million SLC per person | 0.0465 million SLC per person | 0.0602 million SLC per person | 10 |
| 2020s | 0.0582 million SLC per person | 0.0534 million SLC per person | 0.0615 million SLC per person | 4 |
Countries ranked near Nicaragua
- 94 Cayman Islands 0.0687 million SLC per person compare
- 95 Poland 0.0677 million SLC per person compare
- 96 United States 0.0667 million SLC per person compare
- 98 New Zealand 0.0602 million SLC per person compare
- 99 Aruba 0.0591 million SLC per person compare
- 100 Saint Kitts and Nevis 0.0586 million SLC per person 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 — value standard local currency, 2015 prices in Nicaragua?
- Gross domestic product — value standard local currency, 2015 prices in Nicaragua was 0.0615 million SLC per person in 2023, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Nicaragua?
- The highest recorded value was 0.0767 million SLC per person in 1977.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Nicaragua?
- The lowest recorded value was 0.0321 million SLC per person in 1993.
- How does Nicaragua rank for gross domestic product — value standard local currency, 2015 prices?
- Nicaragua ranks 97th out of 194 countries with data for 2023.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Nicaragua?
- Over the last ten years it is up 16.2%. The long-run trend across the full record is falling.
- Where does this Nicaragua data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.