Trade in services as share of GDP in Nicaragua
Nicaragua: Trade in services as share of GDP was 13.2% in 2024. ▲ Rising
Latest (2024)
13.2%
Change on year
down 12.7%
World rank
140th
of 198 countries
All-time high
20.1%
in 2013
All-time low
4.9%
in 1987
Years of data
48
1977–2024
Trade in services as share of GDP in Nicaragua, 1977–2024
Source: International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2024, trade in services as share of gdp in Nicaragua stood at 13.2%.
The figure is down 12.7% on the previous year and down 28.6% over ten years.
Over the whole period, trade in services as share of gdp in Nicaragua peaked at 20.1% in 2013 and was at its lowest, 4.9%, in 1987.
That places Nicaragua 140th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 48 years of available data.
Trade in services as share of GDP in Nicaragua, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 10.0% | — |
| 1978 | 8.5% | -14.9% |
| 1979 | 11.5% | +35.1% |
| 1980 | 6.9% | -39.8% |
| 1981 | 6.3% | -9.1% |
| 1982 | 5.9% | -6.3% |
| 1983 | 6.3% | +7.7% |
| 1984 | 6.3% | +0.0% |
| 1985 | 6.3% | -0.6% |
| 1986 | 6.5% | +3.8% |
| 1987 | 4.9% | -24.5% |
| 1988 | 6.7% | +35.2% |
| 1989 | 13.9% | +108.9% |
| 1990 | 17.0% | +22.3% |
| 1991 | 13.9% | -18.7% |
| 1992 | 13.1% | -5.7% |
| 1993 | 14.6% | +11.8% |
| 1994 | 7.7% | -47.1% |
| 1995 | 8.8% | +13.7% |
| 1996 | 9.9% | +12.8% |
| 1997 | 10.4% | +4.8% |
| 1998 | 11.2% | +7.9% |
| 1999 | 12.8% | +14.4% |
| 2000 | 12.8% | -0.3% |
| 2001 | 13.0% | +1.4% |
| 2002 | 13.3% | +2.0% |
| 2003 | 14.4% | +8.8% |
| 2004 | 14.9% | +3.2% |
| 2005 | 15.5% | +4.1% |
| 2006 | 15.6% | +0.6% |
| 2007 | 16.3% | +4.5% |
| 2008 | 18.3% | +12.6% |
| 2009 | 17.3% | -5.6% |
| 2010 | 17.6% | +2.0% |
| 2011 | 18.9% | +7.0% |
| 2012 | 19.0% | +0.6% |
| 2013 | 20.1% | +5.7% |
| 2014 | 18.5% | -7.7% |
| 2015 | 17.9% | -3.6% |
| 2016 | 18.0% | +1.0% |
| 2017 | 18.8% | +4.1% |
| 2018 | 17.8% | -5.3% |
| 2019 | 17.5% | -1.4% |
| 2020 | 12.3% | -30.2% |
| 2021 | 13.4% | +9.8% |
| 2022 | 17.1% | +27.1% |
| 2023 | 15.2% | -11.4% |
| 2024 | 13.2% | -12.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.0% | 8.5% | 11.5% | 3 |
| 1980s | 7.0% | 4.9% | 13.9% | 10 |
| 1990s | 12.0% | 7.7% | 17.0% | 10 |
| 2000s | 15.1% | 12.8% | 18.3% | 10 |
| 2010s | 18.4% | 17.5% | 20.1% | 10 |
| 2020s | 14.2% | 12.3% | 17.1% | 5 |
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)
- Exports of goods and services (current LCU), annual growth rate 14.57 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 15.23 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 48,340 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 5.84 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.33 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 1,047 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 20.96 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2461 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services as share of gdp in Nicaragua?
- Trade in services as share of gdp in Nicaragua was 13.2% in 2024, according to International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data.
- What is the highest trade in services as share of gdp recorded in Nicaragua?
- The highest recorded value was 20.1% in 2013.
- What is the lowest trade in services as share of gdp recorded in Nicaragua?
- The lowest recorded value was 4.9% in 1987.
- How does Nicaragua rank for trade in services as share of gdp?
- Nicaragua ranks 140th out of 198 countries with data for 2024.
- Is trade in services as share of gdp rising or falling in Nicaragua?
- Over the last ten years it is down 28.6%. The long-run trend across the full record is rising.
- Where does this Nicaragua data come from?
- The figures come from International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data, published as part of Trade in services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).