NICARAGUA

External financing needs drive risk

D4

HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Swipe to view more

GDP USD13.231bn (World ranking 121, World Bank 2016)
Population 6.15 million (World Ranking 109, Worlds Bank 2016)
Form of state Republic
Head of government José Daniel ORTEGA Saavedra (FSLN)
Next elections 2021, presidential
  • Dollarized Economy
  • Above average growth and stable inflation
  • Strong destination for FDI
  • Sound banking system
  • Exposure to US trade policy and sanctions
  • Dwindling oil cooperation with Venezuela
  • Weak political institutions
  • High dependence on remittances, particularly from the US
  • Wide current account deficit

Trade structure by destination/origin

(% of total)

Exports Rank Imports
United States 54%
1
20% United States
United States 11%
2
13% China
Venezuela 6%
3
10% Mexico
El Salvador 5%
4
8% Costa Rica
Canada 4%
5
7% Guatemala

Trade structure by product

(% of total)

Exports Rank Imports
Articles of apparel & clothing accessories 29%
1
13% Petroleum, petroleum products and related materials
Electrical machinery, apparatus and appliances, n.e.s. 15%
2
8% Road vehicles
Coffee, tea, cocoa, spices, and manufactures thereof 8%
3
6% Textile yarn and related products
Meat and meat preparations 8%
4
6% Electrical machinery, apparatus and appliances, n.e.s.
Gold, non-monetary (excluding gold ores and concentrates) 7%
5
5% Medicinal and pharmaceutical products

Contact

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Georges Dib

Economist for Latin America, Spain and Portugal

georges.dib@eulerhermes.com

VIEW OUR SOLUTION