Nicaragua Current Account to GDP
Nicaragua recorded a Current Account deficit of 11.40 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Nicaragua averaged -16.89 Percent from 1960 until 2013, reaching an all time high of 13.60 Percent in 1979 and a record low of -63 Percent in 1992. Current Account to GDP in Nicaragua is reported by the Consejo Monetario Centroamericanono.
||1960 - 2013
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.