Nicaragua Current Account to GDP

Nicaragua recorded a Current Account deficit of 12.80 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Nicaragua is reported by the Consejo Monetario Centroamericano. From 1960 until 2012, Nicaragua Current Account to GDP averaged -17.3 Percent reaching an all time high of 13.6 Percent in December of 1979 and a record low of -63.0 Percent in December of 1992. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Nicaragua Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-12.80 -14.00 13.60 -63.00 -12.58 | 2013/12 1960 - 2012 Percent Yearly

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Nicaragua Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -290.20 2013-12-31 -227.90 -15.80 -296.60 -248.29 2014-01-31 USD Million [+]
Current Account -329.90 2013-12-31 -383.90 -84.00 -452.80 -355.42 2014-03-31 USD Million [+]
Current Account to GDP -12.80 2012-12-31 -14.00 13.60 -63.00 -12.58 2013-12-31 Percent [+]
Exports 327.90 2013-12-31 391.80 447.50 10.50 376.16 2014-01-31 USD Million [+]
Imports 618.10 2013-12-31 619.70 674.00 53.00 607.49 2014-01-31 USD Million [+]
Remittances 1152.00 2012-12-31 1053.00 1152.00 660.00 1233.43 2013-12-31 USD Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Nicaragua Consumer Spending at 127241.40 NIO Million  
Consumer Spending in Nicaragua increased to 127241.40 NIO Million in 2012 from 121572.70 NIO Million in 2011. Consumer Spending in Nicaragua is reported by the Banco Central De Nicaragua.
Nicaragua GDP Constant Prices at 146451.30 NIO Million  
GDP Constant Prices in Nicaragua increased to 146451.30 NIO Million in 2012 from 139206.30 NIO Million in 2011. GDP Constant Prices in Nicaragua is reported by the Banco Central De Nicaragua.
Nicaragua Government Budget Value at -417.84 NIO Million  
Nicaragua recorded a government budget deficit of 417.84 NIO Million in January of 2014. Government Budget Value in Nicaragua is reported by the Banco Central De Nicaragua.
Nicaragua Government Spending at 16036.60 NIO Million  
Government Spending in Nicaragua increased to 16036.60 NIO Million in 2012 from 14843.70 NIO Million in 2011. Government Spending in Nicaragua is reported by the Banco Central De Nicaragua.
Nicaragua Wages at 0.00 NIO Thousand  
Wages in Nicaragua remained unchanged at 0 NIO Thousand in December of 2013 from 0 NIO Thousand in November of 2013. Wages in Nicaragua is reported by the Banco Central De Nicaragua.
Nicaragua Consumer Price Index (CPI) at 178.84 Index Points  
Consumer Price Index (CPI) in Nicaragua decreased to 178.84 Index Points in March of 2014 from 178.86 Index Points in February of 2014. Consumer Price Index (CPI) in Nicaragua is reported by the Banco Central De Nicaragua.
Nicaragua Inflation Rate at 5.10 Percent  
The inflation rate in Nicaragua was recorded at 5.10 percent in March of 2014. Inflation Rate in Nicaragua is reported by the Consejo Monetario Centroamericano.
Nicaragua GDP Annual Growth Rate at 2.90 Percent  
The Gross Domestic Product (GDP) in Nicaragua expanded 2.90 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Nicaragua is reported by the Banco Central de Nicaragua.
Nicaragua Current Account at -329.90 USD Million  
Nicaragua recorded a Current Account deficit of 329.90 USD Million in the fourth quarter of 2013. Current Account in Nicaragua is reported by the Banco Central De Nicaragua.
Nicaragua Producer Prices at 210.60 Index Points  
Producer Prices in Nicaragua increased to 210.60 Index Points in January of 2014 from 208 Index Points in December of 2013. Producer Prices in Nicaragua is reported by the Banco Central De Nicaragua.
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