Nicaragua's GDP changed from approximately $1B 832M in 1980 to $18B 829M in 2024, showing an overall 927.8% sharply increased during the period.
The lowest GDP was recorded in 1990 at $519M, and the highest in 2024 at $18B 829M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.4%.
For comparison, the average annual growth rate of Costa Rica was 7.0%, and that of Honduras was 5.2%.
Nicaragua GDP from 1980 to 2024
The total market value of goods and services produced annually in Nicaragua.
Overview of Nicaragua's GDP (1980–2024)
The Gross Domestic Product (GDP) of Nicaragua recorded a 927.8% sharply increased from 1980 to 2024.
The average GDP during this period was $7B 296M, and the median was $5B 335M.
GDP fluctuated within a range of $18B 310M, with a standard deviation of $4B 677M.
The average annual change was $331M 268K.
Highest and Lowest GDP Records
- Lowest GDP: 1990, $519M
- Highest GDP: 2024, $18B 829M
- Most Recent GDP: 2024, $18B 829M
Notable Annual GDP Changes
- 1991: Significant increase in GDP
- 1987: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Nicaragua's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $12B 713M → $12B 682M
- Outcome: remained stable
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $7B 423M → $8B 297M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $5B 109M → $5B 335M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $4B 390M → $4B 635M
- Outcome: increased
Key Economic Indicators of Nicaragua (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 1B 832M | $ 0 | $ 0 | $ 6B 186M | 4.612 % | -22.458 % | 1.31 % | 0 % | 0 person |
1981 | $ 2B 156M | $ 0 | $ 0 | $ 7B 134M | 5.361 % | -27.434 % | 0.68 % | 0 % | 0 person |
1982 | $ 2B 497M | $ 0 | $ 0 | $ 7B 513M | -0.817 % | -20.58 % | 3.79 % | 0 % | 0 person |
1983 | $ 2B 900M | $ 0 | $ 0 | $ 8B 167M | 4.615 % | -17.499 % | 5.95 % | 0 % | 0 person |
1984 | $ 3B 966M | $ 0 | $ 0 | $ 8B 330M | -1.566 % | -15.055 % | 3.28 % | 0 % | 0 person |
1985 | $ 3B 854M | $ 0 | $ 0 | $ 8B 242M | -4.084 % | -20.001 % | 10.21 % | 0 % | 0 person |
1986 | $ 5B 800M | $ 0 | $ 0 | $ 8B 323M | -1.015 % | -11.905 % | 3.90 % | 0 % | 0 person |
1987 | $ 3B 409M | $ 0 | $ 0 | $ 8B 468M | -0.706 % | -20.252 % | 10.55 % | 0 % | 0 person |
1988 | $ 1B 499M | $ 0 | $ 0 | $ 7B 680M | -12.4 % | -47.711 % | −3.23 % | 0 % | 0 person |
1989 | $ 2B 81M | $ 0 | $ 0 | $ 7B 846M | -1.694 % | -17.373 % | 3.57 % | 0 % | 0 person |
1990 | $ 519M | $ 0 | $ 0 | $ 8B 129M | -0.132 % | -58.781 % | 33.01 % | 0 % | 0 person |
1991 | $ 3B 678M | $ 0 | $ 0 | $ 8B 391M | -0.154 % | -7.183 % | 8.86 % | 0 % | 0 person |
1992 | $ 3B 894M | $ 0 | $ 0 | $ 8B 617M | 0.4 % | -19.748 % | 1 % | 0 % | 0 person |
1993 | $ 3B 726M | $ 0 | $ 0 | $ 8B 786M | -0.4 % | -16.217 % | 1.09 % | 0 % | 0 person |
1994 | $ 3B 861M | $ 898.20 | $ 2,191.74 | $ 9B 422M | 5 % | -23.591 % | −5.67 % | 0 % | 4M 299K people |
1995 | $ 4B 139M | $ 935.34 | $ 2,301.55 | $ 10B 188M | 5.912 % | -17.449 % | 3.94 % | 0 % | 4M 427K people |
1996 | $ 4B 308M | $ 947.14 | $ 2,425.48 | $ 11B 33M | 6.344 % | -19.144 % | 6.91 % | 0 % | 4M 549K people |
1997 | $ 4B 390M | $ 940.14 | $ 2,498.95 | $ 11B 668M | 3.967 % | -19.152 % | 12.09 % | 0 % | 4M 669K people |
1998 | $ 4B 635M | $ 973.07 | $ 2,569.11 | $ 12B 238M | 3.712 % | -14.814 % | 14.18 % | 0 % | 4M 763K people |
1999 | $ 4B 856M | $ 999.41 | $ 2,734.13 | $ 13B 284M | 7.036 % | -19.119 % | 18.07 % | 0 % | 4M 859K people |