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Nicaragua Real GDP

Nicaragua's real GDP rose to $15.84 billion in 2024, up from $15.29 billion in 2023, according to World Bank. This represents an increase of 3.6% ($548.67 million) from the previous year and accounts for 0.02% of the world's total real GDP. Nicaragua has real GDP lower than the global median ($15.84 billion vs median $29.34 billion). Compared with the median in Americas, Nicaragua is lower ($15.84 billion vs regional median $22.14 billion) and ranks 23rd out of 43 countries in Americas.

Nicaragua's GDP per capita rose to $2,290.47 in 2024, up from $2,241.12 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year Real GDP (Billion USD)
2024 15.84
2023 15.29
2022 14.64
2021 14.14
2020 12.8
2019 13.1
2018 13.49
2017 13.96
2016 13.34
2015 12.76
2014 12.17
2013 11.62
2012 11.07
2011 10.4
2010 9.78
2009 9.37
2008 9.68
2007 9.36
2006 8.91
2005 8.56
2004 8.2
2003 7.79
2002 7.6
2001 7.54
2000 7.32
1999 7.04
1998 6.57
1997 6.34
1996 6.1
1995 5.73
1994 5.41
1993 5.24
1992 5.26
1991 5.24
1990 5.25
1989 5.25
1988 5.34
1987 6.1
1986 6.15
1985 6.21
1984 6.47
1983 6.58
1982 6.29
1981 6.34
1980 6.02
1979 5.75
1978 7.82
1977 8.49
1976 7.83
1975 7.45
1974 7.46
1973 6.53
1972 6.14
1971 6
1970 5.81
1969 5.73
1968 5.4
1967 5.33
1966 4.98
1965 4.82
1964 4.4
1963 3.94
1962 3.55
1961 3.2
1960 2.98
Nicaragua Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Nicaragua, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $19.69B $17.81B 2024
GDP Annual Growth Rate 3.59% 4.43% 2024
GDP per Capita $2,290.47 $2,241.12 2024
GDP per Capita PPP $7,661.6 $7,496.53 2024