In 2009, the Nicaraguan economy posted 1.5% negative GDP growth after 15 years of uninterrupted expansion, and per capita GDP was down 2.7% compared with its 1.4% growth in 2008. Falls in gross investment, consumption and goods exports were partly made up for by rising services exports and international cooperation from the Bolivarian Republic of Venezuela. Pressure on inflation declined, and the national figure ended 2009 at 0.9%. The current account deficit was significantly smaller than the previous year, at 13% of GDP. The central government deficit, however, was higher (2.3% of GDP) and unemployment rose (8.2%).

Related Subject(s): Economic and Social Development
Countries: Nicaragua
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