Gross Domestic Product: Value Standard … Gross annual growth rate in Nicaragua
Nicaragua: Gross Domestic Product: Value Standard … Gross annual growth rate was 15.73 % change on previous year in 2023. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Nicaragua, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nicaragua recorded 15.73 % change on previous year for gross domestic product — value standard local currency, annual growth in 2023.
That represents a change of up 22.3% on the previous year and up 65.7% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Nicaragua peaked at 519.68 % change on previous year in 1987 and was at its lowest, -14.29 % change on previous year, in 1978.
Nicaragua ranks 27th of 218 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product: Value Standard … Gross annual growth rate in Nicaragua, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 50 % change on previous year | — |
| 1972 | 0 % change on previous year | -100.0% |
| 1973 | 0 % change on previous year | — |
| 1974 | 66.67 % change on previous year | — |
| 1975 | 0 % change on previous year | -100.0% |
| 1976 | 20 % change on previous year | — |
| 1977 | 16.67 % change on previous year | -16.7% |
| 1978 | -14.29 % change on previous year | -185.7% |
| 1979 | 0 % change on previous year | -100.0% |
| 1980 | 50 % change on previous year | — |
| 1981 | 22.22 % change on previous year | -55.6% |
| 1982 | 9.09 % change on previous year | -59.1% |
| 1983 | 16.67 % change on previous year | +83.3% |
| 1984 | 35.71 % change on previous year | +114.3% |
| 1985 | 163.16 % change on previous year | +356.8% |
| 1986 | 276 % change on previous year | +69.2% |
| 1987 | 519.68 % change on previous year | +88.3% |
| 1992 | 24.14 % change on previous year | -95.4% |
| 1993 | 19.92 % change on previous year | -17.5% |
| 1994 | 11.37 % change on previous year | -42.9% |
| 1995 | 20.1 % change on previous year | +76.8% |
| 1996 | 16.56 % change on previous year | -17.6% |
| 1997 | 14.13 % change on previous year | -14.7% |
| 1998 | 18.26 % change on previous year | +29.2% |
| 1999 | 16.91 % change on previous year | -7.4% |
| 2000 | 13.02 % change on previous year | -23.0% |
| 2001 | 10.42 % change on previous year | -20.0% |
| 2002 | 4.03 % change on previous year | -61.3% |
| 2003 | 7.99 % change on previous year | +98.3% |
| 2004 | 14.84 % change on previous year | +85.9% |
| 2005 | 14.57 % change on previous year | -1.8% |
| 2006 | 12.72 % change on previous year | -12.7% |
| 2007 | 15.24 % change on previous year | +19.8% |
| 2008 | 20.19 % change on previous year | +32.5% |
| 2009 | 2.54 % change on previous year | -87.4% |
| 2010 | 10.82 % change on previous year | +325.1% |
| 2011 | 17.18 % change on previous year | +58.8% |
| 2012 | 13.15 % change on previous year | -23.5% |
| 2013 | 9.49 % change on previous year | -27.8% |
| 2014 | 13.58 % change on previous year | +43.1% |
| 2015 | 12.74 % change on previous year | -6.2% |
| 2016 | 9.36 % change on previous year | -26.5% |
| 2017 | 8.95 % change on previous year | -4.4% |
| 2018 | -0.7944 % change on previous year | -108.9% |
| 2019 | 2.34 % change on previous year | -394.8% |
| 2020 | 3.54 % change on previous year | +51.2% |
| 2021 | 14.22 % change on previous year | +301.6% |
| 2022 | 12.86 % change on previous year | -9.6% |
| 2023 | 15.73 % change on previous year | +22.3% |
Nicaragua compared with similar countries
- Nicaragua's 15.73 % change on previous year is above the median for lower middle income countries, which is 9.89 % change on previous year, 1.6× the median. (43 countries reporting)
- Nicaragua's 15.73 % change on previous year is above the median for Latin America & Caribbean, which is 6.78 % change on previous year, 2.3× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.45 % change on previous year | -14.29 % change on previous year | 66.67 % change on previous year | 9 |
| 1980s | 136.57 % change on previous year | 9.09 % change on previous year | 519.68 % change on previous year | 8 |
| 1990s | 17.68 % change on previous year | 11.37 % change on previous year | 24.14 % change on previous year | 8 |
| 2000s | 11.56 % change on previous year | 2.54 % change on previous year | 20.19 % change on previous year | 10 |
| 2010s | 9.68 % change on previous year | -0.7944 % change on previous year | 17.18 % change on previous year | 10 |
| 2020s | 11.59 % change on previous year | 3.54 % change on previous year | 15.73 % change on previous year | 4 |
Countries ranked near Nicaragua
- 24 Laos 18.76 % change on previous year compare
- 25 Nigeria 18.37 % change on previous year compare
- 26 Niger 16.96 % change on previous year compare
- 28 Ukraine 15.55 % change on previous year compare
- 29 Tajikistan 15.53 % change on previous year compare
- 30 Sao Tome and Principe 15.38 % change on previous year compare
More economy & growth data for Nicaragua
- Real gdp growth, annual growth rate 37.5 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.16 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0168 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 53.46 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.8097 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0123 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 39.04 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -11.79 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Nicaragua?
- Gross domestic product — value standard local currency, annual growth in Nicaragua was 15.73 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Nicaragua?
- The highest recorded value was 519.68 % change on previous year in 1987.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Nicaragua?
- The lowest recorded value was -14.29 % change on previous year in 1978.
- How does Nicaragua rank for gross domestic product — value standard local currency, annual growth?
- Nicaragua ranks 27th out of 218 countries with data for 2023.
- Is gross domestic product — value standard local currency, annual growth 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 Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.