Nicaragua is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Nicaragua may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Nicaragua exports about US$2.4 billion and imports about US$5.65 billion each year. 4.4% of the country's population is unemployed. The total number of unemployed in Nicaragua is 276,529. In Nicaragua, 29.6% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Nicaragua is quite high, but nothing to worry about when it comes to investing. Potential lenders should look at other economic indicators, including GDP, the rate of urbanization and the strength of the currency, before making investment decisions. Government spending on education is 3.9% of GDP. The country's Gini index is 40.5. Nicaragua experiences poor equality. The gap between the richest and poorest citizens in this country is quite palpable. Nicaragua has a Human Development Index (HDI) of 0.614. Nicaragua has an upper middle HDI value. This suggests that the majority of citizens will be able to lead a desirable life, although some citizens will not be able to attain a high standard of living. The Global Peace Index (GPI) for Nicaragua is 1.947. Due to the strong presence of the law enforcement authorities and the high social responsibility, Nicaragua is very safe in international comparison. The Strength Laws Index for Nicaragua is 1. Overall, it is considered rather weak - bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.
The currency of Nicaragua is Nicaraguan cordoba. The plural form of the word Nicaraguan cordoba is cordobas. The symbol used for this currency is C$, and it is abbreviated as NIO. The Nicaraguan cordoba is divided into Centavo; there are 100 in one cordoba.
The depth of credit information index for Nicaragua is 8, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the Moody's credit-rating agency, Nicaragua has a credit rating score of B3, and the prospects of this rating are stable.
In Nicaragua, the institution that manages the state's currency, money supply, and interest rates is called Central Bank of Nicaragua. Locally, the central bank of Nicaragua is called Banco Central de Nicaragua. The average deposit interest rate offered by local banks in Nicaragua is 1%.
Nicaragua has a government debt of 46.6% of the country's Gross Domestic Product (GDP), as assessed in 2012.
The corporate tax in Nicaragua is set at 30%. VAT in Nicaragua is 15%.
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Nicaragua is US$29686 billion. The gross domestic product (GDP) per capita calculated as purchasing power parity (PPP) in Nicaragua was last at 5 million US dollars. PPP in Nicaragua is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Nicaragua is 11,256 billion. Based on this statistic, Nicaragua is considered moderately strong. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Nicaragua was recently 2 million dollars. The average citizen in Nicaragua has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as citizens find it difficult to obtain the training required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The annual GDP growth rate in Nicaragua averaged 4% in 2014. According to this percentage, Nicaragua is currently experiencing significant growth.