Current Account in Nicaragua
Nicaragua - Current AccountThe 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
|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||32.11||2.11 %||Oct 16|
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