Current Account in Nicaragua

Nicaragua Current Account | Economic News & Forecasts

Nicaragua - Current Account

The political crisis continues to drag on the economy as tourism, investment and the financial system falter amid the political uncertainty. Consequently, economic activity contracted for the third consecutive month in July, albeit at a softer rate than in June, with the restaurants and hotels; trade; and construction sectors being particularly hard hit. Furthermore, bank deposits have fallen significantly since April, causing monetary and financial conditions to deteriorate rapidly. Compounding matters, the U.S. Congress will likely approve legislation (passed by the Senate Foreign Relations Committee on 26 September) to implement targeted sanctions restricting institutional lending to the government, which would further dampen FDI inflows.

Nicaragua - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-11.9  -7.1  -9.1  -7.5  -5.0  

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Nicaragua Current Account Chart

Nicaragua Current Account
Note: Current account balance as % of GDP.
Source: Nicaragua Central Bank and Met the why particular calculations.

Nicaragua Facts

Exchange Rate32.112.11 %Oct 16

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