Foreign Trade (As % of GDP) rose to 96.7% in Nicaragua in 2017

Foreign Trade (As % of GDP) (%)
Economy | Nicaragua | May 17, 2019
$2.99
Excel Sheet

Foreign trade as a share of GDP reached 96.7 % in 2017 in Nicaragua, according to the National Statistical Office. This is 1.64 % more than in the previous year.

Historically, foreign trade as a share of GDP in Nicaragua reached an all time high of 115 % in 2012 and an all time low of 25.5 % in 1987. When compared to Nicaragua's main peers, foreign trade as a share of GDP in Costa Rica amounted to 66.3 %, 72.5 % in El Salvador, 102 % in Honduras and 77.5 % in Mexico in 2017.

Nicaragua has been ranked 57th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 11 places above the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Foreign Trade (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belize % 125% 125% 130% 125% 122%
Costa Rica % 69.5% 68.1% 65.6% 67.0% 62.5%
El Salvador % 79.3% 77.6% 79.7% 77.2% 76.1%
Guatemala % 64.0% 61.0% 58.5% 56.7% 51.3%
Honduras % 122% 121% 116% 113% 107%
Mexico % 63.5% 65.8% 63.8% 65.0% 71.2%
Nicaragua % 112% 115% 111% 107% 99.5%
Panama % 162% 158% 138% 119% 99.9%
USA % 30.8% 30.6% 30.0% 30.0% 27.7%