Nicaragua Economic Activity Up 4.9% up to April 2017

Scene from the market in Rivas, a small city set to become the heart of activity around the canal.

TODAY NICARAGUA – From a report by the Central Bank of Nicaragua, in April, the monthly index of economic activity (IMAE) grew by 4.9 percent compared to April 2016.

Meanwhile, the annual average variation was 4.9 percent and accumulated growth in the January-April period resulted in 5.4 percent.

- payin the bills -

The activities with the highest growth were: hotels and restaurants, 18.0 percent; Exploitation of mines and quarries, 10.4; Construction, 10.3 percent; Public administration and defense, 8.3 per cent; Financial intermediation and related services, 8.1 per cent; Fishing and aquaculture, 7.6 percent; Manufacturing industry, 5.3 percent; among others. 

Remittances are a major source of income, equivalent to 15% of the country’s GDP, which originate primarily from Costa Rica, the United States, and European Union member states. Approximately one million Nicaraguans contribute to the remittance sector of the economy.

Read full report (in spanish).

- paying the bills -

Related Articles

Nicaragua, the safest country to travel in the region despite Covid-19: Study

TODAY NICARAGUA - A study based on data from the WHO...

The Economist Sees Ortega Clinging to Power

TODAY NICARAGUA (Confidencial) Six months before the general elections in Nicaragua,...

MOST READ

Better Air Connectivity Between Nicaragua and the US

The private companies' association is in talks with United Airlines to promote the opening of a route that connects Nicaragua with the east coast...

What Are Some of Nicaragua’s Popular Food?

TODAY NICARAGUA - Nicaragua is an interesting place, with a tumultuous history and a relatively peaceful present. and even if many things can be...

Bianca Jagger Gets Into The Nicaragua Act Again

(American Thinker)  Remember Bianca Jagger? You know, the disco queen and former rock-star's wife turned leftwing "human rights activist" who was last seen mourning...

Nicaragua Unveils Central America’s Largest Baseball Stadium

Nicaragua has unveiled its long-awaited baseball stadium in Managua, replacing the former baseball field built in 1948. The new structure will hold up to...

Nicaragua Praised by the IMF

The IMF noted the positive evolution of all the country's economic indicators, and the drastic fall in poverty, with an increase of 33% in...

Poll Shows Declining Expectations on a Nicaraguan Canal

According to the results of the most recent survey conducted by Cid Gallup, the Nicaraguan interoceanic canal project, a concession given to the Chinese...

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.