Inflation rate in Nicaragua 2021

This statistic shows the average inflation rate in Nicaragua from 1984 to 2019, with projections up until 2021. In 2019, the average inflation rate in Nicaragua amounted to about 5.38 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 2021

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Source

Release date

April 2020

Region

Nicaragua

Survey time period

1984 to 2019

Supplementary notes

According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021.

* Estimate.

Figures have been rounded.

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Statistics on "Nicaragua"

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