Volume of remittances (in United States dollars) as a proportion of in Nicaragua
Nicaragua: Volume of remittances (in United States dollars) as a proportion of was 26.6% in 2024. ▲ Rising
Latest (2024)
26.6%
Change on year
up 1.7%
World rank
4th
of 203 countries
All-time high
26.6%
in 2024
All-time low
6.3%
in 2000
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Nicaragua, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Nicaragua recorded 26.6% for volume of remittances (in united states dollars) as a proportion of in 2024. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 177.5% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Nicaragua peaked at 26.6% in 2024 and was at its lowest, 6.3%, in 2000.
Nicaragua ranks 4th of 203 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Nicaragua, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 6.3% | — |
| 2001 | 6.3% | +0.2% |
| 2002 | 7.2% | +14.9% |
| 2003 | 8.2% | +14.4% |
| 2004 | 9.0% | +8.6% |
| 2005 | 9.7% | +8.8% |
| 2006 | 10.3% | +5.9% |
| 2007 | 10.0% | -3.4% |
| 2008 | 9.6% | -3.1% |
| 2009 | 9.3% | -3.8% |
| 2010 | 9.4% | +1.5% |
| 2011 | 9.3% | -0.7% |
| 2012 | 9.6% | +3.2% |
| 2013 | 9.8% | +2.0% |
| 2014 | 9.6% | -2.5% |
| 2015 | 9.4% | -2.2% |
| 2016 | 9.5% | +1.7% |
| 2017 | 10.1% | +6.0% |
| 2018 | 11.6% | +14.2% |
| 2019 | 13.3% | +14.9% |
| 2020 | 14.6% | +9.8% |
| 2021 | 15.1% | +3.8% |
| 2022 | 20.6% | +36.4% |
| 2023 | 26.2% | +26.9% |
| 2024 | 26.6% | +1.7% |
Nicaragua compared with similar countries
- Nicaragua's 26.6% is above the median for lower middle income countries, which is 6.1%, 4.4× the median. (43 countries reporting)
- Nicaragua's 26.6% is above the median for Latin America & Caribbean, which is 2.8%, 9.4× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.6% | 6.3% | 10.3% | 10 |
| 2010s | 10.2% | 9.3% | 13.3% | 10 |
| 2020s | 20.6% | 14.6% | 26.6% | 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)
- 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 volume of remittances (in united states dollars) as a proportion of in Nicaragua?
- Volume of remittances (in united states dollars) as a proportion of in Nicaragua was 26.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Nicaragua?
- The highest recorded value was 26.6% in 2024.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Nicaragua?
- The lowest recorded value was 6.3% in 2000.
- How does Nicaragua rank for volume of remittances (in united states dollars) as a proportion of?
- Nicaragua ranks 4th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Nicaragua?
- Over the last ten years it is up 177.5%. The long-run trend across the full record is rising.
- Where does this Nicaragua data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
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