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Nicaragua Economy
GDP:
purchasing power parity - $11.6 billion (2003 est.)
GDP - real growth rate:
2.3% (2003 est.)
GDP - per capita:
purchasing power parity - $2,300 (2003 est.)
GDP - composition by sector:
agriculture: 28.9%
industry: 25.4%
services: 45.7% (2003 est.)
Investment (gross fixed):
28.1% of GDP (2003)
Population below poverty line:
50% (2001 est.)
Household income or consumption by percentage share:
lowest 10%: 0.7%
highest 10%: 48.8% (1998)
Distribution of family income - Gini index:
60.3 (1998)
Inflation rate (consumer prices):
5.3% (2003 est.)
Labor force:
1.91 million (2003)
Labor force - by occupation:
agriculture 42%, industry 15%, services 43% (1999 est.)
Unemployment rate:
22% plus considerable underemployment (2003 est.)
Budget:
revenues: $672.5 million
expenditures: $954.9 million, including capital expenditures of $NA (2003 est.)
Public debt:
125.3% of GDP (2003)
Industries:
food processing, chemicals, machinery and metal products, textiles, clothing, petroleum refining and distribution, beverages, footwear, wood
Industrial production growth rate:
4.4% (2000 est.)
Electricity - production:
2.549 billion kWh (2001)
Electricity - production by source:
fossil fuel: 83.9%
hydro: 7.7%
other: 8.4% (2001)
nuclear: 0%
Electricity - consumption:
2.388 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
17 million kWh (2001)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
24,500 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Agriculture - products:
coffee, bananas, sugarcane, cotton, rice, corn, tobacco, sesame, soya, beans; beef, veal, pork, poultry, dairy products
Current account balance:
$-859 million (2003)
Exports:
$632 million f.o.b. (2003 est.)
Exports - commodities:
coffee, shrimp and lobster, cotton, tobacco, bananas, beef, sugar, gold
Exports - partners:
US 58.3%, El Salvador 8.2%, Honduras 5.2% (2003 est.)
Imports:
$1.658 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and equipment, raw materials, petroleum products, consumer goods
Imports - partners:
US 22.6%, Costa Rica 10.3%, Guatemala 7.9%, Venezuela 7.5%, El Salvador 6.1%, Mexico 5.4%, South Korea 4.7% (2003 est.)
Reserves of foreign exchange & gold:
$502 million (2003)
Debt - external:
$5.833 billion (2003 est.)
Economic aid - recipient:
Substantial foreign support (2001)
Currency:
gold cordoba (NIO)
Currency code:
NIO
Exchange rates:
gold cordobas per US dollar - 14.2513 (2003), 14.2513 (2002), 13.3719 (2001), 12.6844 (2000), 11.8092 (1999)
Fiscal year:
calendar year
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