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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
