1945

Nicaragua's rate of economic growth increased from 4.1% to 6.9% in 1999, despite the damage inflicted by Hurricane Mitch in late October 1998, and per capita income rose by 4.2%. With external demand weakening and lower international prices for the country's main export products, the expansion was driven by buoyant domestic demand, which in turn was fueled by an increase in investment and consumption in both the public and the private sectors. Significantly higher investment was largely attributable to increased public expenditure on reclamation and reconstruction work and social projects.

Related Subject(s): Economic and Social Development
Countries: Nicaragua
/content/books/9789210582957s003-c014
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5
Chapter
content/books/9789210582957
Book
false
Loading
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error