One of Central America’s highest growing economies
Nicaragua emerged as one of Central America’s highest growing economies during the last decade. Our gross domestic product has experienced steady growth, with an average rate of 3.3 percent and total exports experienced a 5 percent growth rate in 2019.
One of the reasons for this positive performance is that, according to the World Bank, Nicaragua has the lowest export management costs in Central America, which makes it a very attractive country for export-oriented companies.
Source: Central Bank of Nicaragua.
Source: Central Bank of Nicaragua and National Free Zone Comission.
Nicaragua has also increased the number of export destination, being the main ones: The United States, Central America, the European Union and Asia.
Foreign Direct Investment inflows in Nicaragua have significantly increased during the previous years, from US$0.43 billion in 2009 to US$1.06 billion in 2018, and reaching a peak in 2017 with US$1.51 billion.
The country has also diversified the origin of its FDI inflows, going from 34 accumulated countries in 2007 to 68 countries in 2018, which represents a 100 percent growth.
The sectors that attracted higher FDI revenues were industry (39.2%), financial (20.0%), trade and services (20.0%), telecommunications (7.3%) and mining (5.5%).
Source: Central Bank of Nicaragua, PRONicaragua and Ministry of Development, Industry and Trade.