Nicaragua 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$17.83 billion
↑ 13.93% vs 2022GDP per Capita
$2,612.87
↑ 12.37% vs 2022GDP Growth (Annual %)
4.57%
↑ 0.82pp vs 2022Inflation Rate (CPI %)
8.39%
↓ 2.08pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $15.65 billion | $17.83 billion | +13.93% |
| GDP per Capita | $2,325.17 | $2,612.87 | +12.37% |
| GDP Growth (Annual %) | 3.75% | 4.57% | +0.82pp |
| Inflation (CPI %) | 10.47% | 8.39% | -2.08pp |
| Unemployment Rate (%) | 4.96% | 4.72% | -0.25pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $17.83 billion
- GDP per Capita
- $2,612.87
- GDP Growth (Annual %)
- 4.57%
- Gross National Income
- $16.94 billion
Prices & Employment
- Inflation (CPI %)
- 8.39%
- Inflation (GDP Deflator %)
- 10.67%
- Unemployment Rate (%)
- 4.72%
- Interest Rate (Real %)
- -1.07%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 7.75%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Nicaragua's Gross Domestic Product (GDP) is $17.83 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Nicaragua for 2023 is $2,612.87. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Nicaragua for 2023 is 8.39%. This measures the annual percentage change in the cost of consumer goods and services.
Nicaragua's annual GDP growth rate for 2023 is 4.57%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Nicaragua for 2023 is 4.72%. This represents the percentage of the labor force that is unemployed and actively seeking employment.