Gross Domestic Product — Value US$, 2015 prices in Nicaragua
Nicaragua: Gross Domestic Product — Value US$, 2015 prices was 15,399 million USD in 2023. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Nicaragua, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, gross domestic product — value us$, 2015 prices in Nicaragua stood at 15,399 million USD. That is the highest value across all 54 years on record.
That represents a change of up 4.6% on the previous year and up 32.6% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Nicaragua peaked at 15,399 million USD in 2023 and was at its lowest, 5,238 million USD, in 1993.
That places Nicaragua 149th out of 236 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Nicaragua, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 5,759 million USD | — |
| 1971 | 6,043 million USD | +4.9% |
| 1972 | 6,235 million USD | +3.2% |
| 1973 | 6,552 million USD | +5.1% |
| 1974 | 7,385 million USD | +12.7% |
| 1975 | 7,547 million USD | +2.2% |
| 1976 | 7,928 million USD | +5.0% |
| 1977 | 8,426 million USD | +6.3% |
| 1978 | 7,823 million USD | -7.2% |
| 1979 | 5,752 million USD | -26.5% |
| 1980 | 6,017 million USD | +4.6% |
| 1981 | 6,340 million USD | +5.4% |
| 1982 | 6,288 million USD | -0.8% |
| 1983 | 6,578 million USD | +4.6% |
| 1984 | 6,475 million USD | -1.6% |
| 1985 | 6,211 million USD | -4.1% |
| 1986 | 6,147 million USD | -1.0% |
| 1987 | 6,104 million USD | -0.7% |
| 1988 | 5,344 million USD | -12.4% |
| 1989 | 5,251 million USD | -1.7% |
| 1990 | 5,248 million USD | -0.1% |
| 1991 | 5,238 million USD | -0.2% |
| 1992 | 5,259 million USD | +0.4% |
| 1993 | 5,238 million USD | -0.4% |
| 1994 | 5,413 million USD | +3.3% |
| 1995 | 5,733 million USD | +5.9% |
| 1996 | 6,097 million USD | +6.3% |
| 1997 | 6,339 million USD | +4.0% |
| 1998 | 6,574 million USD | +3.7% |
| 1999 | 7,036 million USD | +7.0% |
| 2000 | 7,325 million USD | +4.1% |
| 2001 | 7,542 million USD | +3.0% |
| 2002 | 7,599 million USD | +0.8% |
| 2003 | 7,790 million USD | +2.5% |
| 2004 | 8,204 million USD | +5.3% |
| 2005 | 8,555 million USD | +4.3% |
| 2006 | 8,911 million USD | +4.2% |
| 2007 | 9,363 million USD | +5.1% |
| 2008 | 9,685 million USD | +3.4% |
| 2009 | 9,366 million USD | -3.3% |
| 2010 | 9,779 million USD | +4.4% |
| 2011 | 10,396 million USD | +6.3% |
| 2012 | 11,072 million USD | +6.5% |
| 2013 | 11,617 million USD | +4.9% |
| 2014 | 12,173 million USD | +4.8% |
| 2015 | 12,757 million USD | +4.8% |
| 2016 | 13,339 million USD | +4.6% |
| 2017 | 13,957 million USD | +4.6% |
| 2018 | 13,487 million USD | -3.4% |
| 2019 | 13,096 million USD | -2.9% |
| 2020 | 12,866 million USD | -1.8% |
| 2021 | 14,194 million USD | +10.3% |
| 2022 | 14,726 million USD | +3.8% |
| 2023 | 15,399 million USD | +4.6% |
Nicaragua compared with similar countries
- Nicaragua's 15,399 million USD is below the median for lower middle income countries, which is 23,018 million USD, 67% of the median. (44 countries reporting)
- Nicaragua's 15,399 million USD is below the median for Latin America & Caribbean, which is 18,769 million USD, 82% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, 2015 prices in Nicaragua changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | -26.5% | 7,823 million USD | 5,752 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6,945 million USD | 5,752 million USD | 8,426 million USD | 10 |
| 1980s | 6,075 million USD | 5,251 million USD | 6,578 million USD | 10 |
| 1990s | 5,817 million USD | 5,238 million USD | 7,036 million USD | 10 |
| 2000s | 8,434 million USD | 7,325 million USD | 9,685 million USD | 10 |
| 2010s | 12,167 million USD | 9,779 million USD | 13,957 million USD | 10 |
| 2020s | 14,297 million USD | 12,866 million USD | 15,399 million USD | 4 |
Countries ranked near Nicaragua
More economy & growth data for Nicaragua
- Real gdp growth, annual growth rate 37.5 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.16 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0168 units per US$ 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 us$, 2015 prices in Nicaragua?
- Gross domestic product — value us$, 2015 prices in Nicaragua was 15,399 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Nicaragua?
- The highest recorded value was 15,399 million USD in 2023.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Nicaragua?
- The lowest recorded value was 5,238 million USD in 1993.
- How does Nicaragua rank for gross domestic product — value us$, 2015 prices?
- Nicaragua ranks 149th out of 236 countries with data for 2023.
- Is gross domestic product — value us$, 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 US$, 2015 prices. 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).