Nicaragua GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Nicaragua GDP from 1980 to 2024

The total market value of goods and services produced annually in Nicaragua.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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