Nicaragua

In 1997 Nicaragua achieved Us highest rate of GDP growth of the decade (5.5%) thanks to abundant foreign capital inflows that underpinned private investment and consumption. The progress made in terms of well-being was even greater, as open unemployment fell, the inflation rate dropped to single-digit levels (7.3%) and the country's terms of trade with the rest of the world improved. However, the already excessive deficit on the balance-of-payments current account increased further, although only slightly, due above all to a widening of the merchandise trade gap.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions