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 3.1 percent and total exports experienced a 28.9 percent growth rate in 2021.

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. 

Main Exports

textile-and-apparel

Textile and Apparel

gold

Gold

beef

Beef

coffee

Coffee

automotive-harnesses

Automotive Harnesses

cigars-and-tobacco

Cigars and Tobacco

dairy-products

Dairy products

sugar

Sugar

Foreign Direct Investment inflows in Nicaragua have significantly increased during the previous years, from US$1.11 billion in 2012 to US$1.47 billion in 2021, and reaching a peak in 2017 with US$1.67 billion.
 
The country has also diversified the origin of its FDI inflows, going from 34 accumulated countries in 2007 to 58 countries in 2021, which represents a 58 percent growth.    

The sectors that attracted higher FDI revenues in 2021 were: Energy and Mines (38.2%), Industry (21.6%), Telecommunications (14.3%), and Trade and Services (12.0%). 

Source: Central Bank of Nicaragua, PRONicaragua and Ministry of Development, Industry and Trade.