Inflation rate in Nicaragua 2024

This statistic shows the average inflation rate in Nicaragua from 1984 to 2018, with projections up until 2024. In 2018, the average inflation rate in Nicaragua amounted to about 4.97 percent compared to the previous year.

Nicaragua's economy

Nicaragua’s inflation rate has been on the decline since 2011, but it is expected to rise again in 2016. In 2011, the country's economy experienced higher than average annual growth, which most likely helped increase consumer confidence and may have correlated with a decrease in the inflation rate. In general, consumer confidence is rising because GDP per capita has also been increasing steadily and is expected to continue to do so in the future.

However, living conditions of Nicaraguans are still far from ideal, and the country struggles to overcome its reputation as one of the poorest nations in the region. GDP per capita in Nicaragua remained under 2,000 U.S. dollars per capita in 2014; only a fraction of GDP for Latin America and the Caribbean as a whole, which was slightly over 10,000 U.S. dollars per capita that same year. Yet, while per capita GDP is low, the country reports average unemployment and typically, when unemployment is low, consumer confidence increases and prices rise. However, it is likely that any increase in inflation will still have a significant effect on the poor, even if GDP rises.

Nicaragua: Inflation rate from 1984 to 2024

Inflation rate compared to previous year
2024*5.04%
2023*4.94%
2022*4.79%
2021*4.67%
2020*4.19%
2019*5.63%
20184.97%
20173.85%
20163.52%
20154%
20146.04%
20137.14%
2012 7.19%
2011 8.08%
2010 5.46%
2009 3.69%
2008 19.83%
2007 11.13%
2006 9.14%
2005 9.6%
2004 8.47%
20035.3%
2002 3.75%
2001 7.36%
2000 11.55%
1999 11.21%
1998 13.05%
1997 9.19%
1996 11.65%
1995 11.12%
1994 3.7%
1993 13.5%
1992 21.9%
1991 116.6%
1990 3,004.1%
1989 7,428.7%
1988 4,775.2%
1987 13,109.5%
1986 885.2%
1985 571.4%
1984 141.3%
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Source

Release date

October 2019

Region

Nicaragua

Survey time period

1984 to 2018

Supplementary notes

* Estimate.

Figures have been rounded.

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Statistics on "Nicaragua"

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