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Economic overview by Central Bank Nicaragua 2017

An overview of 2017 results on the Nicaraguan economy. From a statement issued by the Central Bank of Nicaragua:

For the eighth consecutive year, Nicaragua continued to register a positive macroeconomic performance. Economic activity and job creation continued to grow and inflation remained stable, reaching a cumulative variation of 5.68 percent. The management of public finances continued to be prudent, international reserves were strengthened, while the financial system remained sound. An improved international context and good rainfall favored growth of exports, as well as an increase in the flow of family remittances and tourism which contributed to the strengthening of the country's external position.

Therefore, the Gross Domestic Product (GDP) recorded robust growth of 4.9 percent in 2017, in line with expectations. With this result, Nicaragua has achieved an average growth of 5.2 percent in the 2010-2017 period. This sustained rate of economic growth allowed for a per capita GDP of $2,161 in 2017 and has favored an improvement in poverty indicators.

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