1945

For the third consecutive year, the Nicaraguan economy experienced a slowdown. In 2002, GDP increased by a mere 0.7%, which represented a decrease of more than two percentage points with respect to the previous year. This translated into a further reduction of the country’s already very low per capita GDP (-1.9%) and an increase in open urban unemployment from 11% to 12%.

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