Current Account in Nicaragua
Nicaragua - Current AccountThe economic crisis has deepened in the second half of the year, as the ramifications of the political situation ripple through the economy. In September, economic activity retracted for the fifth consecutive month and the formal workforce shrank further. Moreover, instability has dragged on consumer and investor confidence, leading to capital flight and significant bank withdrawals. In response to the deteriorating macroeconomic picture, on 9 November S&P Global Ratings downgraded Nicaragua’s sovereign credit rating to B- with a negative outlook and flagged its weakening fiscal position, depleting international reserves and strained balance of payments as chief concerns. Meanwhile, the U.S. recently imposed financial sanctions on Vice President Rosario Murillo and a top aide for corruption and undermining democracy.
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 %||Dec 14|
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