Flag of Nicaragua

Nicaragua

NIC Β· Latin America and Caribbean / Latin America and Caribbean (excluding high income)

Nicaragua: GDP 8.7K intl$ per capita, population 6.9M, inflation 4.6%. Compare economy, demographics and cost of living with other countries.

Location

Key Facts

Region
Latin America & Caribbean
Latin America & Caribbean (excluding high income)
Population
6.92M
2024
View all demographics β†’

Geography and Government

Area
130,373 kmΒ²
Capital
Managua
ISO 2
NI
ISO 3
NIC
Calling code
+505
Internet TLD
.ni
Government type
presidential republic

Age Structure

0-14 years 25.1%
15-64 years 68.9%
65+ years 6.0%

Languages

Language Type Share Speakers
Spanish (SPA) Official - -

Religions

Religion Type Share Adherents
Roman Catholic Minor 44.9% -
Protestant Minor 38.7% -
None Minor 13.7% -
Other Minor 1.2% -
Believer But Not Belonging To A Church Minor 1.0% -
Agnostic Or Atheist Minor 0.4% -
Unspecified Minor 0.2% -

Population & Demographics

Basic Demographics

Population, total
6.92M
2024
Population growth (annual %)
1.35%
2024
Population density (people per sq. km of land area)
56.7 per kmΒ²
2023
Urban population (% of total population)
59.3%
2024

Health Indicators

Life expectancy at birth, total (years)
75.1 years
2024
Birth rate, crude (per 1,000 people)
19.14 per 1,000
2024
Death rate, crude (per 1,000 people)
4.64 per 1,000
2024
Fertility rate, total (births per woman)
2.21 children
2024
Mortality rate, infant (per 1,000 live births)
9.4 per 1,000
2024

Education

Literacy rate, adult total (% of people ages 15 and above)
87.3%
2014

Economy Snapshot

Key Economic Indicators

GDP per capita (current US$)
$2.8K
2024
Inflation, consumer prices (annual %)
4.6%
2024
Unemployment, total (% of labor force)
5.0%
2025
GNI per capita (current US$)
$2.5K
2024

Macroeconomic Indicators

GDP (current US$)
$19.69B
2024
GDP growth (annual %)
3.6%
2024
GDP per capita, PPP (current international $)
8.7K intl$
2024

Trade & External Sector

Trade (% of GDP)
98.5%
2024
Exports of goods and services (% of GDP)
40.5%
2024
Imports of goods and services (% of GDP)
58.1%
2024

Other Indicators

International tourism, number of arrivals
474.0K
2020
Tax revenue (% of GDP)
20.1%
2024
Foreign direct investment, net inflows (% of GDP)
6.9%
2024

Explore More

Frequently Asked Questions

What is the average income in Nicaragua?

According to our data, the average income in Nicaragua is approximately $2,510 (GNI per capita) as of 2024. This figure represents Gross National Income per capita and provides insight into the economic prosperity and living standards in the country.

What is the inflation rate in Nicaragua in 2024?

The inflation rate in Nicaragua is 4.6% as of 2024. Inflation measures the rate at which the general level of prices for goods and services rises, eroding purchasing power. This data is updated regularly from reliable sources like the World Bank and IMF.

How does Nicaragua compare to other countries in Latin America and Caribbean ?

Nicaragua is located in Latin America and Caribbean and can be compared with other countries in the region across various economic and demographic indicators including inflation rates, unemployment, average income, cost of living, population statistics, and life expectancy. Explore our comprehensive inflation comparison, unemployment rankings, cost of living data, population statistics, and life expectancy data to see how Nicaragua compares to neighboring and regional countries.

Nicaragua is located in Latin America and Caribbean , Latin America and Caribbean (excluding high income). Explore detailed statistics on economy, population, demographics, inflation, unemployment, and cost of living, with up-to-date data from the World Bank, IMF, UN, and other authoritative sources.

Our comprehensive database provides real-time insights into Nicaragua's economic performance and demographic trends, allowing you to compare with other countries and understand global patterns. Access current economic indicators, population statistics, historical data, and comparative analysis to gain a deeper understanding of Nicaragua's economic and demographic landscape. For detailed economic data, visit our economy page, and for demographic information, explore our population statistics section.

Sources and References

Data sources: World Bank, IMF, UN Data, Transparency International.

All data is compiled from publicly available sources and updated regularly. Economic indicators may vary based on reporting methodologies and data availability periods.

Codes and Abbreviations

ISO 2
NI
ISO 3
NIC
IOC code
NCA
Vehicle code
NIC
Latitude
12.15
Longitude
-86.27

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