Nicaragua maintains solid economic growth of 4.4%.
The Central Bank of Nicaragua (NCB) recently announced that the national economy continues to expand solidly, with annual growth of 4.4%.
This positive result is mainly due to the dynamism of domestic consumption and investment, driven by sectors such as electricity, mining, tourism and trade.
According to the latest NCB figures, growth in the first half of the year stood at 4.7%, and the average annual rate is estimated at 5.1%. These results reflect the resilience of the Nicaraguan economy to a challenging global context.
Similarly, sustained economic growth has been driven by domestic demand, especially consumption and investment.
Growing sectors
Various productive sectors have contributed to this positive performance, demonstrating the strength and diversity of the Nicaraguan economy.
Agriculture experienced a growth of 1.9% in the second quarter, reaching an increase of 1.4% in the semester, thanks to increased production and work in crops such as sugar cane, corn, soybeans, peanuts and tobacco, among others.
Forestry and timber extraction grew by 1.8 per cent in the quarter, with an increase of 1.7 per cent in the semester, driven by increased trunk extraction and an increase in forest plantations.
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Construction activity recorded 0.8% growth in the second quarter and a sharp increase of 7.9% in the semester, due to an increase in private and public construction
Private construction stood out in areas of trade and services, while there was a decrease in residential and industrial buildings. In public construction, growth was observed in non-residential buildings and civil engineering works.
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Livestock activity grew by 1.7 per cent in the first half, driven by an increase in milk and egg production, along with an adjustment in the slaughter of cattle and livestock exports.
