Nicaragua: 2017 Article IV Consultation-Press Release; and Staff Report

June 27, 2017

Preview Citation

Format: Chicago

Nicaragua: 2017 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Summary

This 2017 Article IV Consultation highlights Nicaragua’s robust macroeconomic performance in 2016. Real GDP grew by 4.7 percent in 2016, supported by strong domestic demand, while inflation remained subdued at 3.1 percent as of the end of 2016, owing largely to the contribution of food prices. The current account deficit for 2016 is estimated to have narrowed to 8.6 percent of GDP, compared with 9 percent in 2015. This consolidation is largely explained by maquila exports, which have been better captured owing to improvements in statistical compilation. The current account deficit remained financed by foreign direct investment and other long-term inflows.

Subject: Banking, Currencies, Economic sectors, External debt, Fiscal policy, Fiscal stance, Money, Public debt, Public sector

Keywords: Caribbean, Central America, Compilation methodology, CR, Crawling peg exchange regime, Currencies, Current account, Debt, Debt dynamic, Exchange rate, External shock, Fiscal stance, Global, IADB disbursement, ISCR, Liquidity management tool, Private sector, Public sector, Real GDP, Wage bonus

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/173
Stock No:

1NICEA2017001
ISBN:

9781484305638
ISSN:

1934-7685

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