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Nicaragua Trade (% GDP)

Nicaragua's trade (% GDP) fell to 98.53% in 2024, down from 105% in 2023, according to World Bank. This represents a decrease of 6.47% from the previous year. Nicaragua has trade (% GDP) higher than the global median (98.53% vs median 84.49%). Compared with the median in Americas, Nicaragua is higher (98.53% vs regional median 78.04%) and ranks 8th out of 32 countries in Americas.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 98.53%
2023 105%
2022 115.45%
2021 106.21%
2020 88.64%
2019 94.04%
2018 93.98%
2017 96.38%
2016 93.81%
2015 98.19%
2014 106.7%
2013 110.98%
2012 115.18%
2011 111.83%
2010 100.36%
2009 86.99%
2008 96.79%
2007 93.03%
2006 87.31%
2005 71.65%
2004 67.2%
2003 62.18%
2002 58.09%
2001 57.98%
2000 61.3%
1999 62.54%
1998 57.01%
1997 58.01%
1996 48.48%
1995 44.04%
1994 39.08%
1993 68.29%
1992 70.52%
1991 74.33%
1990 71.29%
1989 97.73%
1988 76.25%
1987 25.53%
1986 33.61%
1985 36.59%
1984 45.89%
1983 49.39%
1982 42.03%
1981 64.13%
1980 67.5%
1979 70.16%
1978 65.66%
1977 69.52%
1976 64.84%
1975 64.98%
1974 71.68%
1973 66.01%
1972 64.93%
1971 54.84%
1970 55.92%
1969 51.57%
1968 57.08%
1967 61.51%
1966 61.24%
1965 61.71%
1964 59.37%
1963 59.07%
1962 55.34%
1961 47.96%
1960 49.82%
Nicaragua Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Nicaragua divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $7.38B $7.36B 2023
Annual Imports $10.91B $11.25B 2023
Exports (% GDP) 40.46% 45.85% 2024
FDI Inflows (% GDP) 6.87% 6.26% 2024
Imports (% GDP) 58.06% 59.15% 2024
Net Trade (Goods & Services, BoP) -$3.3B -$2.27B 2024
Tariff Rate 2.98% 3.04% 2022