Gross Domestic Product — Value US$, annual growth rate in Nicaragua
Nicaragua: Gross Domestic Product — Value US$, annual growth rate was 13.93 % change on previous year in 2023. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Nicaragua, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Nicaragua recorded 13.93 % change on previous year for gross domestic product — value us$, annual growth rate in 2023.
That represents a change of up 30.8% on the previous year and up 225.2% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Nicaragua peaked at 39.07 % change on previous year in 1974 and was at its lowest, -28.43 % change on previous year, in 1979.
That places Nicaragua 27th out of 236 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Nicaragua, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.44 % change on previous year | — |
| 1972 | 6.57 % change on previous year | +2.0% |
| 1973 | 24.15 % change on previous year | +267.9% |
| 1974 | 39.07 % change on previous year | +61.8% |
| 1975 | 4.57 % change on previous year | -88.3% |
| 1976 | 16.19 % change on previous year | +254.0% |
| 1977 | 21.21 % change on previous year | +31.1% |
| 1978 | -4.41 % change on previous year | -120.8% |
| 1979 | -28.43 % change on previous year | +545.3% |
| 1980 | 20.25 % change on previous year | -171.2% |
| 1981 | 15.33 % change on previous year | -24.3% |
| 1982 | 5.31 % change on previous year | -65.4% |
| 1983 | 8.71 % change on previous year | +64.0% |
| 1984 | 1.99 % change on previous year | -77.2% |
| 1985 | -1.05 % change on previous year | -152.8% |
| 1986 | 0.9761 % change on previous year | -193.1% |
| 1987 | 1.75 % change on previous year | +79.7% |
| 1988 | -9.36 % change on previous year | -633.8% |
| 1989 | 2.11 % change on previous year | -122.6% |
| 1990 | 3.69 % change on previous year | +74.5% |
| 1991 | 2.78 % change on previous year | -24.6% |
| 1992 | 6.04 % change on previous year | +117.1% |
| 1993 | 6.69 % change on previous year | +10.7% |
| 1994 | -6.9 % change on previous year | -203.1% |
| 1995 | 7 % change on previous year | -201.6% |
| 1996 | 4.27 % change on previous year | -39.1% |
| 1997 | 1.9 % change on previous year | -55.4% |
| 1998 | 5.59 % change on previous year | +194.1% |
| 1999 | 4.76 % change on previous year | -14.8% |
| 2000 | 5.22 % change on previous year | +9.7% |
| 2001 | 4.74 % change on previous year | -9.2% |
| 2002 | -2.39 % change on previous year | -150.5% |
| 2003 | 1.89 % change on previous year | -178.8% |
| 2004 | 8.84 % change on previous year | +369.0% |
| 2005 | 9.12 % change on previous year | +3.1% |
| 2006 | 7.36 % change on previous year | -19.4% |
| 2007 | 9.75 % change on previous year | +32.6% |
| 2008 | 14.46 % change on previous year | +48.3% |
| 2009 | -2.33 % change on previous year | -116.1% |
| 2010 | 5.54 % change on previous year | -337.5% |
| 2011 | 11.6 % change on previous year | +109.3% |
| 2012 | 7.75 % change on previous year | -33.2% |
| 2013 | 4.28 % change on previous year | -44.8% |
| 2014 | 8.17 % change on previous year | +90.8% |
| 2015 | 7.38 % change on previous year | -9.7% |
| 2016 | 4.15 % change on previous year | -43.7% |
| 2017 | 3.76 % change on previous year | -9.4% |
| 2018 | -5.52 % change on previous year | -246.7% |
| 2019 | -2.5 % change on previous year | -54.6% |
| 2020 | -0.1378 % change on previous year | -94.5% |
| 2021 | 11.53 % change on previous year | -8469.2% |
| 2022 | 10.65 % change on previous year | -7.7% |
| 2023 | 13.93 % change on previous year | +30.8% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Nicaragua changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +8469.2% | -0.1378 % change on previous year | 11.53 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.48 % change on previous year | -28.43 % change on previous year | 39.07 % change on previous year | 9 |
| 1980s | 4.6 % change on previous year | -9.36 % change on previous year | 20.25 % change on previous year | 10 |
| 1990s | 3.58 % change on previous year | -6.9 % change on previous year | 7 % change on previous year | 10 |
| 2000s | 5.67 % change on previous year | -2.39 % change on previous year | 14.46 % change on previous year | 10 |
| 2010s | 4.46 % change on previous year | -5.52 % change on previous year | 11.6 % change on previous year | 10 |
| 2020s | 8.99 % change on previous year | -0.1378 % change on previous year | 13.93 % change on previous year | 4 |
Countries ranked near Nicaragua
- 24 Colombia 14.26 % change on previous year compare
- 25 Samoa 14.26 % change on previous year compare
- 26 Somalia 14.01 % change on previous year compare
- 28 Guinea 13.11 % change on previous year compare
- 29 Poland 12.58 % change on previous year compare
- 30 Uzbekistan 12.01 % change on previous year compare
More economy & growth data for Nicaragua
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 36.36 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Nicaragua?
- Gross domestic product — value us$, annual growth rate in Nicaragua was 13.93 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Nicaragua?
- The highest recorded value was 39.07 % change on previous year in 1974.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Nicaragua?
- The lowest recorded value was -28.43 % change on previous year in 1979.
- How does Nicaragua rank for gross domestic product — value us$, annual growth rate?
- Nicaragua ranks 27th out of 236 countries with data for 2023.
- Is gross domestic product — value us$, annual growth rate rising or falling in Nicaragua?
- Over the last ten years it is up 225.2%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.