Nicaragua FlagNicaragua

Eyes That See Do Not Grow Old.

 

General


Population: 5,848,641 (2014), 5,788,531 (2013)
Land Area: 129,494 sq km
Natural Resources: Gold, silver, copper, tungsten, lead, zinc, timber, fish
Capital: Managua
Political System: Republic
State Leader: Daniel Ortega (January 10th 2007)
Languages: Spanish, Miskito
Currency: Gold Cordoba (NIO)
Major Religions: Roman Catholic 72.9%, Evangelical 15.1%, Moravian 1.5%, Episcopal 0.1%, Other 1.9%, None 8.5%
Major Ethnicities: Mestizo 69%, Caucasian 17%, African 9%, Amerindian 5%
Life Expectancy: 72.72 years (2014), 72.45 years (2013)

Economy


GDP Official Exchange Rate: 11.26 billion (2013), 10.51 billion (2012)
GDP Purchasing Power Parity: 27.97 billion (2013), 27.1 billion (2012)
GDP Per Capita (PPP): 4,500 (2013), 4,500 (2012)
GDP Growth Rate: 4.6% (2013), 5.2% (2012)
GDP Structure: Agriculture 17.1%, Industry 25.5%, Services 57.5% (2012)
Labour Force By Occupation: Agriculture 31%, Industry 18%, Services 50% (2011)
Industries: Food processing, chemicals, machinery and metal products, textiles, clothing, petroleum refining and distribution, beverages, footwear, wood
Agriculture Products: Coffee, bananas, sugarcane, cotton, rice, corn, tobacco, sesame, soya, beans; beef, veal, pork, poultry, dairy products; shrimp, lobsters
Human Development Index: 0.614 (132nd)(2014), 0.599 (129th)(2013)
Tourism Revenue: 191 million (2004)
Unemployment Rate: 7.2% (2013), 7.4% (2012)

MilitaryNicaragua Map


Army Size: 14 000 (2004)
Budget: 0.6% of GDP (2006)

Current Situation

 

Nicaragua is located in Central America. Nicaragua is bordered by Costa Rica and Honduras. Nicaragua's main exports are agricultural products. Nicaragua's economy has been growing at a steady pace, however inflation has remained very high over the past decade. Nicaragua remains very poor and 48% of the population lives below the poverty line. Tourism is currently growing at a steady pace of 11-16% per year, and promises to continue, this could potentially help the general situation in Nicaragua.

(2014) Nicaragua's economy continued to grow at a steady rate in 2013, however poverty continues to remain a major issue for Nicaragua. There appears to be talk of possibly building a canal linking the Pacific and the Atlantic oceans which would significantly increase Nicaragua's economy, however it is unclear if such a project is feasible.

Thoughts & Comments

 

Sources

CIA World Factbook: Nicaragua
Wikipedia: Nicaragua
http://hdrstats.undp.org/en/countries/profiles/NIC.html

Updated on: November 5th, 2014