Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nicaragua
Nicaragua: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 419,738 million SLC in 2023. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nicaragua, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Nicaragua is 419,738 million SLC, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 4.6% on the previous year and up 32.6% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Nicaragua peaked at 419,738 million SLC in 2023 and was at its lowest, 142,775 million SLC, in 1993.
That places Nicaragua 103rd out of 194 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Nicaragua, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 156,965 million SLC | — |
| 1971 | 164,701 million SLC | +4.9% |
| 1972 | 169,941 million SLC | +3.2% |
| 1973 | 178,593 million SLC | +5.1% |
| 1974 | 201,285 million SLC | +12.7% |
| 1975 | 205,707 million SLC | +2.2% |
| 1976 | 216,082 million SLC | +5.0% |
| 1977 | 229,661 million SLC | +6.3% |
| 1978 | 213,232 million SLC | -7.2% |
| 1979 | 156,770 million SLC | -26.5% |
| 1980 | 164,000 million SLC | +4.6% |
| 1981 | 172,796 million SLC | +5.4% |
| 1982 | 171,385 million SLC | -0.8% |
| 1983 | 179,292 million SLC | +4.6% |
| 1984 | 176,484 million SLC | -1.6% |
| 1985 | 169,280 million SLC | -4.1% |
| 1986 | 167,558 million SLC | -1.0% |
| 1987 | 166,374 million SLC | -0.7% |
| 1988 | 145,661 million SLC | -12.4% |
| 1989 | 143,129 million SLC | -1.7% |
| 1990 | 143,054 million SLC | -0.1% |
| 1991 | 142,783 million SLC | -0.2% |
| 1992 | 143,335 million SLC | +0.4% |
| 1993 | 142,775 million SLC | -0.4% |
| 1994 | 147,538 million SLC | +3.3% |
| 1995 | 156,261 million SLC | +5.9% |
| 1996 | 166,177 million SLC | +6.3% |
| 1997 | 172,769 million SLC | +4.0% |
| 1998 | 179,181 million SLC | +3.7% |
| 1999 | 191,788 million SLC | +7.0% |
| 2000 | 199,655 million SLC | +4.1% |
| 2001 | 205,566 million SLC | +3.0% |
| 2002 | 207,116 million SLC | +0.8% |
| 2003 | 212,337 million SLC | +2.5% |
| 2004 | 223,617 million SLC | +5.3% |
| 2005 | 233,193 million SLC | +4.3% |
| 2006 | 242,875 million SLC | +4.2% |
| 2007 | 255,204 million SLC | +5.1% |
| 2008 | 263,972 million SLC | +3.4% |
| 2009 | 255,281 million SLC | -3.3% |
| 2010 | 266,539 million SLC | +4.4% |
| 2011 | 283,375 million SLC | +6.3% |
| 2012 | 301,784 million SLC | +6.5% |
| 2013 | 316,653 million SLC | +4.9% |
| 2014 | 331,806 million SLC | +4.8% |
| 2015 | 347,707 million SLC | +4.8% |
| 2016 | 363,574 million SLC | +4.6% |
| 2017 | 380,412 million SLC | +4.6% |
| 2018 | 367,617 million SLC | -3.4% |
| 2019 | 356,968 million SLC | -2.9% |
| 2020 | 350,701 million SLC | -1.8% |
| 2021 | 386,879 million SLC | +10.3% |
| 2022 | 401,396 million SLC | +3.8% |
| 2023 | 419,738 million SLC | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 189,294 million SLC | 156,770 million SLC | 229,661 million SLC | 10 |
| 1980s | 165,596 million SLC | 143,129 million SLC | 179,292 million SLC | 10 |
| 1990s | 158,566 million SLC | 142,775 million SLC | 191,788 million SLC | 10 |
| 2000s | 229,882 million SLC | 199,655 million SLC | 263,972 million SLC | 10 |
| 2010s | 331,644 million SLC | 266,539 million SLC | 380,412 million SLC | 10 |
| 2020s | 389,678 million SLC | 350,701 million SLC | 419,738 million SLC | 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 — value standard local currency, 2015 prices in Nicaragua?
- Gross domestic product — value standard local currency, 2015 prices in Nicaragua was 419,738 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Nicaragua?
- The highest recorded value was 419,738 million SLC in 2023.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Nicaragua?
- The lowest recorded value was 142,775 million SLC in 1993.
- How does Nicaragua rank for gross domestic product — value standard local currency, 2015 prices?
- Nicaragua ranks 103rd 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 32.6%. The long-run trend across the full record is rising.
- 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 — Value Standard Local Currency, 2015 prices. 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).