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Nicaragua FlagNicaragua

Eyes That See Do Not Grow Old.

 

General


Population: 5,666,301 (2011)
Land Area: 129,494 sq km
Natural Resources: Gold, silver, copper, tungsten, lead, zinc, timber, fish
Capital: Managua
Political System: Republic
State Leader: Daniel Ortega (2007)
Languages: Spanish, Miskito
Currency: Gold Cordoba (NIO)
Major Religions: Roman Catholic 72.9%, Evangelical 15.1%, Moravian 1.5%, Episcopal 0.1%, Other 1.9%, None 8.5%
Major Ethnicities: Mestizo 69%, Caucasian 17%, African 9%, Amerindian 5%
Life Expectancy: 71.9 years (2011)

Economy


GDP Official Exchange Rate: 6.375 billion (2010)
GDP Purchasing Power Parity: 17.34 billion (2010)
GDP Per Capita (PPP): 2,900 (2010)
GDP Growth Rate: 2.8% (2010)
GDP Structure: Agriculture 17.6%, Industry 26.5%, Services 56% (2010)
Labour Force By Occupation: Agriculture 28%, Industry 19%, Services 53% (2010)
Industries: Food processing, chemicals, machinery and metal products, textiles, clothing, petroleum refining and distribution, beverages, footwear, wood
Agriculture Products: Coffee, bananas, sugarcane, cotton, rice, corn, tobacco, sesame, soya, beans; beef, veal, pork, poultry, dairy products; shrimp, lobsters
Human Development Index: 0.589 (129th)
Tourism Revenue: 191 million (2004)
Unemployment Rate: 8% (2010)

MilitaryNicaragua Map


Army Size: 14 000 (2004)
Budget: 0.6% of GDP (2006)

Current Situation

 

Nicaragua is located in Central America. Nicaragua is bordered by Costa Rica and Honduras. Nicaragua's main exports are agricultural products. Nicaragua's economy has been growing at a steady pace, however inflation has remained very high over the past decade. Nicaragua remains very poor and 48% of the population lives below the poverty line. Tourism is currently growing at a steady pace of 11-16% per year, and promises to continue, this could potentially help the general situation in Nicaragua.

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Sources

CIA World Factbook: Nicaragua
Wikipedia: Nicaragua
http://hdrstats.undp.org/en/countries/profiles/NIC.html

Updated on: December 26, 2011