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Nicaragua GDP Annual Growth Rate

Nicaragua's GDP annual growth rate fell to 3.59% in 2024, down from 4.43% in 2023, according to World Bank. This represents a decrease of 0.84% from the previous year. Nicaragua has GDP annual growth rate higher than the global median (3.59% vs median 3.24%). Compared with the median in Americas, Nicaragua is higher (3.59% vs regional median 3.27%) and ranks 17th out of 44 countries in Americas.

Nicaragua's real GDP rose to $15.84 billion in 2024, up from $15.29 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 3.59%
2023 4.43%
2022 3.55%
2021 10.45%
2020 -2.24%
2019 -2.9%
2018 -3.36%
2017 4.63%
2016 4.56%
2015 4.79%
2014 4.79%
2013 4.93%
2012 6.5%
2011 6.32%
2010 4.41%
2009 -3.29%
2008 3.44%
2007 5.08%
2006 4.15%
2005 4.28%
2004 5.31%
2003 2.52%
2002 0.75%
2001 2.96%
2000 4.1%
1999 7.04%
1998 3.71%
1997 3.97%
1996 6.34%
1995 5.91%
1994 3.34%
1993 -0.39%
1992 0.39%
1991 -0.19%
1990 -0.05%
1989 -1.74%
1988 -12.45%
1987 -0.71%
1986 -1.02%
1985 -4.08%
1984 -1.57%
1983 4.61%
1982 -0.82%
1981 5.36%
1980 4.61%
1979 -26.48%
1978 -7.84%
1977 8.37%
1976 5.21%
1975 -0.15%
1974 14.19%
1973 6.42%
1972 2.22%
1971 3.3%
1970 1.35%
1969 6.24%
1968 1.34%
1967 6.97%
1966 3.3%
1965 9.53%
1964 11.7%
1963 10.87%
1962 10.89%
1961 7.5%
Nicaragua GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Nicaragua's total economic output.
Indicator Last Value Prior Value Period
GDP $19.69B $17.81B 2024
GDP per Capita $2,290.47 $2,241.12 2024
GDP per Capita PPP $7,661.6 $7,496.53 2024
Real GDP $15.84B $15.29B 2024