Current Account in Nicaragua
Nicaragua - Current AccountThe Nicaraguan economic crisis remains severe. Despite intensifying international pressure for the government to hold early elections, the Ortega administration instead unveiled a major tax overhaul in late January. The package includes higher income taxes and social security contributions aimed at reviving the government’s depleted coffers. Given pension reforms sparked the socioeconomic crisis that began last April, this latest proposal could stir a resurgence in public unrest and would likely erode firms’ competitiveness, which could, in turn, further exacerbate the hardship faced by Nicaraguans. Meanwhile on 25 January, Moody’s downgraded its outlook on Nicaragua’s B2 credit rating to negative from stable, in response to the country’s shaky balance sheets, debt burden and tight liquidity.
Nicaragua - Current Account Data
|Current Account (% of GDP)||-11.9||-7.1||-9.1||-7.5||-5.0|
5 years of economic forecasts for more than 30 economic indicators.
Nicaragua Current Account Chart
Source: Nicaragua Central Bank and Met the why particular calculations.
|Exchange Rate||32.53||2.11 %||Feb 14|
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