Gross Domestic Product — Value US$ in Nicaragua
Nicaragua: Gross Domestic Product — Value US$ was 17,829 million USD in 2023. ◆ Volatile
Gross Domestic Product — Value US$ 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$ in Nicaragua stood at 17,829 million USD. That is the highest value across all 54 years on record.
That represents a change of up 13.9% on the previous year and up 62.3% over ten years.
Over the whole period, gross domestic product — value us$ in Nicaragua peaked at 17,829 million USD in 2023 and was at its lowest, 1,140 million USD, in 1970.
That places Nicaragua 149th out of 236 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 US$ in Nicaragua, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,140 million USD | — |
| 1971 | 1,214 million USD | +6.4% |
| 1972 | 1,293 million USD | +6.6% |
| 1973 | 1,606 million USD | +24.2% |
| 1974 | 2,233 million USD | +39.1% |
| 1975 | 2,335 million USD | +4.6% |
| 1976 | 2,713 million USD | +16.2% |
| 1977 | 3,289 million USD | +21.2% |
| 1978 | 3,144 million USD | -4.4% |
| 1979 | 2,250 million USD | -28.4% |
| 1980 | 2,706 million USD | +20.3% |
| 1981 | 3,121 million USD | +15.3% |
| 1982 | 3,286 million USD | +5.3% |
| 1983 | 3,573 million USD | +8.7% |
| 1984 | 3,643 million USD | +2.0% |
| 1985 | 3,605 million USD | -1.0% |
| 1986 | 3,640 million USD | +1.0% |
| 1987 | 3,704 million USD | +1.8% |
| 1988 | 3,357 million USD | -9.4% |
| 1989 | 3,428 million USD | +2.1% |
| 1990 | 3,555 million USD | +3.7% |
| 1991 | 3,654 million USD | +2.8% |
| 1992 | 3,875 million USD | +6.0% |
| 1993 | 4,134 million USD | +6.7% |
| 1994 | 3,849 million USD | -6.9% |
| 1995 | 4,118 million USD | +7.0% |
| 1996 | 4,294 million USD | +4.3% |
| 1997 | 4,375 million USD | +1.9% |
| 1998 | 4,620 million USD | +5.6% |
| 1999 | 4,840 million USD | +4.8% |
| 2000 | 5,093 million USD | +5.2% |
| 2001 | 5,334 million USD | +4.7% |
| 2002 | 5,206 million USD | -2.4% |
| 2003 | 5,304 million USD | +1.9% |
| 2004 | 5,774 million USD | +8.8% |
| 2005 | 6,300 million USD | +9.1% |
| 2006 | 6,764 million USD | +7.4% |
| 2007 | 7,423 million USD | +9.8% |
| 2008 | 8,497 million USD | +14.5% |
| 2009 | 8,299 million USD | -2.3% |
| 2010 | 8,759 million USD | +5.5% |
| 2011 | 9,774 million USD | +11.6% |
| 2012 | 10,532 million USD | +7.8% |
| 2013 | 10,983 million USD | +4.3% |
| 2014 | 11,880 million USD | +8.2% |
| 2015 | 12,757 million USD | +7.4% |
| 2016 | 13,286 million USD | +4.1% |
| 2017 | 13,786 million USD | +3.8% |
| 2018 | 13,025 million USD | -5.5% |
| 2019 | 12,699 million USD | -2.5% |
| 2020 | 12,682 million USD | -0.1% |
| 2021 | 14,144 million USD | +11.5% |
| 2022 | 15,650 million USD | +10.6% |
| 2023 | 17,829 million USD | +13.9% |
Nicaragua compared with similar countries
- Nicaragua's 17,829 million USD is below the median for lower middle income countries, which is 26,175 million USD, 68% of the median. (44 countries reporting)
- Nicaragua's 17,829 million USD is below the median for Latin America & Caribbean, which is 24,901 million USD, 72% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$ 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 |
|---|---|---|---|
| 1974 | +39.1% | 1,606 million USD | 2,233 million USD |
| 1979 | -28.4% | 3,144 million USD | 2,250 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,122 million USD | 1,140 million USD | 3,289 million USD | 10 |
| 1980s | 3,406 million USD | 2,706 million USD | 3,704 million USD | 10 |
| 1990s | 4,131 million USD | 3,555 million USD | 4,840 million USD | 10 |
| 2000s | 6,399 million USD | 5,093 million USD | 8,497 million USD | 10 |
| 2010s | 11,748 million USD | 8,759 million USD | 13,786 million USD | 10 |
| 2020s | 15,076 million USD | 12,682 million USD | 17,829 million USD | 4 |
Countries ranked near Nicaragua
- 147 Republic of Moldova 18,131 million USD compare
- 147 Moldova 18,131 million USD compare
- 150 Madagascar 17,421 million USD compare
- 151 Democratic People's Republic of Korea 16,776 million USD compare
- 152 North Macedonia 16,718 million USD 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.014 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Nicaragua?
- Gross domestic product — value us$ in Nicaragua was 17,829 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Nicaragua?
- The highest recorded value was 17,829 million USD in 2023.
- What is the lowest gross domestic product — value us$ recorded in Nicaragua?
- The lowest recorded value was 1,140 million USD in 1970.
- How does Nicaragua rank for gross domestic product — value us$?
- Nicaragua ranks 149th out of 236 countries with data for 2023.
- Is gross domestic product — value us$ rising or falling in Nicaragua?
- Over the last ten years it is up 62.3%. 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 US$. 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).