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Nicaragua Economy

Nicaragua is economically challenged—it’s the poorest country in Central America and the second poorest in the Western Hemisphere. Still, it’s growing, and that blend of poverty plus momentum creates smart opportunities for investors seeking tidy returns.

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What’s The Nicaragua Economy Like?

Key Takeaways: Economy In Nicaragua in 2026

The economy has shown growth despite global challenges.
Investment supports economic stability and offers returns.
Top import partners include the U.S., China, and Mexico.
GDP per capita remains low, reflecting a developing economy.

Simply put, Nicaragua is economically challenged. It remains the poorest country in Central America and the second poorest in the entire Western Hemisphere.

However, it is growing. And the combination of poverty and growth make it an ideal place to invest, which in turn helps support the Nicaraguan economy and earn the investor a tidy return too.

Under the administration of President Daniel Ortega, the Nicaraguan economy has increased dramatically although this growth has been somewhat held back by the global recession that began in 2008.

Inflation appears to be under control as well, at just over 6.32% in 2022, down from a high of almost 10.5% in 2022.

Reviewed By Lief Simon

Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

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Industries In Nicaragua

Nicaraguan farmers produce a variety of crops. Among them are coffee, tobacco, bananas, sugarcane, cotton, soy, beef, pork, poultry, and dairy.

The largest industries in Nicaragua are petroleum refining and distribution, food processing, and especially tourism.

Economy In Nicaragua – Exports

Recent data shows that Nicaragua is the 113th largest exporting country globally with total exports of US$5.4 billion.

Exported goods have decreased however over the previous five years at a rate of nearly 20%.

Nicaragua’s biggest exports are insulated wire (at three-quarters of a billion US dollars) and coffee (nearly half a billion US dollars).

Top Export Partners

Biggest exports from Nicaragua go to the US (over half), followed by Mexico, Venezuela, Canada, and El Salvador.

Economy In Nicaragua – Imports

As of the latest data available, Nicaragua was the 121st largest importing nation. The amount of goods imported into the country has increased by almost 10% every year with a recent high of US$6.27 billion.

The largest product imported has been petroleum (crude and refined), which account for a whopping 14.1% of all imports.

Check the currency conversion at today’s exchange rate.

Top Import Partners

Nicaragua imports the most goods from the US (nearly a billion dollars annually), followed closely by China, Mexico, Guatemala, and Costa Rica.

Nicaragua Economic Statistics

GDP (purchasing power parity) (2023): US$43 (billions)

GDP per capita (2023): US$2.61 (billions)

Real annual growth rate (2023): USD $18.64 (billions)

Inflation (Dec. 2023): 6.32%

Unemployment (Nov. 2023): 3.90%.

Reviewed By Lief Simon

Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.