Nicaragua

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.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions