Gross Domestic Product — Value Standard Local Currency in Nicaragua
Nicaragua: Gross Domestic Product — Value Standard Local Currency was 649,718 million SLC in 2023. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency 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 in Nicaragua is 649,718 million SLC, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 15.7% on the previous year and up 139.3% over ten years.
Over the whole period, gross domestic product — value standard local currency in Nicaragua peaked at 649,718 million SLC in 2023 and was at its lowest, 0 million SLC, in 1970.
That places Nicaragua 118th out of 218 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Nicaragua, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 0 million SLC | — |
| 1971 | 0 million SLC | +50.0% |
| 1972 | 0 million SLC | +0.0% |
| 1973 | 0 million SLC | +0.0% |
| 1974 | 0 million SLC | +66.7% |
| 1975 | 0 million SLC | +0.0% |
| 1976 | 0 million SLC | +20.0% |
| 1977 | 0 million SLC | +16.7% |
| 1978 | 0 million SLC | -14.3% |
| 1979 | 0 million SLC | +0.0% |
| 1980 | 0 million SLC | +50.0% |
| 1981 | 0 million SLC | +22.2% |
| 1982 | 0 million SLC | +9.1% |
| 1983 | 0 million SLC | +16.7% |
| 1984 | 0 million SLC | +35.7% |
| 1985 | 0.0001 million SLC | +163.2% |
| 1986 | 0.0002 million SLC | +276.0% |
| 1987 | 0.0012 million SLC | +519.7% |
| 1988 | 0.1399 million SLC | +11907.0% |
| 1989 | 6.6 million SLC | +4619.6% |
| 1990 | 500.98 million SLC | +7488.3% |
| 1991 | 15,605 million SLC | +3014.9% |
| 1992 | 19,373 million SLC | +24.1% |
| 1993 | 23,233 million SLC | +19.9% |
| 1994 | 25,874 million SLC | +11.4% |
| 1995 | 31,073 million SLC | +20.1% |
| 1996 | 36,220 million SLC | +16.6% |
| 1997 | 41,339 million SLC | +14.1% |
| 1998 | 48,887 million SLC | +18.3% |
| 1999 | 57,155 million SLC | +16.9% |
| 2000 | 64,596 million SLC | +13.0% |
| 2001 | 71,325 million SLC | +10.4% |
| 2002 | 74,197 million SLC | +4.0% |
| 2003 | 80,122 million SLC | +8.0% |
| 2004 | 92,016 million SLC | +14.8% |
| 2005 | 105,424 million SLC | +14.6% |
| 2006 | 118,838 million SLC | +12.7% |
| 2007 | 136,950 million SLC | +15.2% |
| 2008 | 164,602 million SLC | +20.2% |
| 2009 | 168,791 million SLC | +2.5% |
| 2010 | 187,053 million SLC | +10.8% |
| 2011 | 219,182 million SLC | +17.2% |
| 2012 | 247,994 million SLC | +13.1% |
| 2013 | 271,530 million SLC | +9.5% |
| 2014 | 308,403 million SLC | +13.6% |
| 2015 | 347,707 million SLC | +12.7% |
| 2016 | 380,261 million SLC | +9.4% |
| 2017 | 414,279 million SLC | +8.9% |
| 2018 | 410,988 million SLC | -0.8% |
| 2019 | 420,614 million SLC | +2.3% |
| 2020 | 435,511 million SLC | +3.5% |
| 2021 | 497,461 million SLC | +14.2% |
| 2022 | 561,431 million SLC | +12.9% |
| 2023 | 649,718 million SLC | +15.7% |
Nicaragua compared with similar countries
- Nicaragua's 649,718 million SLC is below the median for lower middle income countries, which is 1.54 million million SLC, 42% of the median. (43 countries reporting)
- Nicaragua's 649,718 million SLC is above the median for Latin America & Caribbean, which is 147,748 million SLC, 4.4× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1988 | +11907.0% | 0.0012 million SLC | 0.1399 million SLC |
| 1990 | +7488.3% | 6.6 million SLC | 500.98 million SLC |
| 1989 | +4619.6% | 0.1399 million SLC | 6.6 million SLC |
| 1991 | +3014.9% | 500.98 million SLC | 15,605 million SLC |
| 1987 | +519.7% | 0.0002 million SLC | 0.0012 million SLC |
| 1986 | +276.0% | 0.0001 million SLC | 0.0002 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 million SLC | 0 million SLC | 0 million SLC | 10 |
| 1980s | 0.6743 million SLC | 0 million SLC | 6.6 million SLC | 10 |
| 1990s | 29,926 million SLC | 500.98 million SLC | 57,155 million SLC | 10 |
| 2000s | 107,686 million SLC | 64,596 million SLC | 168,791 million SLC | 10 |
| 2010s | 320,801 million SLC | 187,053 million SLC | 420,614 million SLC | 10 |
| 2020s | 536,030 million SLC | 435,511 million SLC | 649,718 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 in Nicaragua?
- Gross domestic product — value standard local currency in Nicaragua was 649,718 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 recorded in Nicaragua?
- The highest recorded value was 649,718 million SLC in 2023.
- What is the lowest gross domestic product — value standard local currency recorded in Nicaragua?
- The lowest recorded value was 0 million SLC in 1970.
- How does Nicaragua rank for gross domestic product — value standard local currency?
- Nicaragua ranks 118th out of 218 countries with data for 2023.
- Is gross domestic product — value standard local currency rising or falling in Nicaragua?
- Over the last ten years it is up 139.3%. 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 — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).