Exports of Services (BoP, USD) rose 11.7% to USD 1.56 bil in Nicaragua in 2017

Exports of Services (BoP, USD) (USD bil)
Economy | Nicaragua | May 17, 2019
$2.99
Excel Sheet

Exports of services as a part of balance of payment reached 1.56 USD bil in 2017 in Nicaragua, according to the National Statistical Office. This is 11.7 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Nicaragua reached an all time high of 1.56 USD bil in 2017 and an all time low of 0.022 USD bil in 1989. When compared to Nicaragua's main peers, exports of services as a part of balance of payment in Costa Rica amounted to 8.70 USD bil, 2.56 USD bil in El Salvador, 2.87 USD bil in Honduras and 27.6 USD bil in Mexico in 2017.

Nicaragua has been ranked 108th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 13 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Exports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belize USD bil 0.340 0.407 0.448 0.494 0.496
Costa Rica USD bil 5.78 6.21 6.95 7.11 7.69
El Salvador USD bil 1.64 1.87 2.14 2.33 2.48
Guatemala USD bil 2.24 2.43 2.53 2.83 2.82
Honduras USD bil 2.25 2.25 2.34 2.68 2.94
Mexico USD bil 15.8 16.4 18.1 21.2 22.9
Nicaragua USD bil 0.987 1.08 1.11 1.19 1.25
Panama USD bil 8.11 9.97 10.8 11.4 11.9
USA USD bil 627 656 700 741 755