Nicaragua
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2003-2004 , pp 255-262
- Publication Date: December 2004
- DOI: https://doi.org/10.18356/16c8ae7f-en
- Language: English
After losing momentum sharply for three consecutive years, the Nicaraguan economy showed signs of recovery in 2003. At the same time, the authorities took steps to consolidate overall macroeconomic stability. Real GDP grew by 2.3%, boosted by an upturn in exports and an expansion in domestic demand engendered by higher consumption and government investment. However, as this revival was quite modest, there was a further decline in per capita GDP (-0.3%). Moreover, despite a deterioration in the terms of trade, per capita national income increased for the second year in a row (0.5%) thanks to an increase in current transfers, especially family remittances.
© United Nations
ISBN (PDF):
9789211555202
Book DOI:
https://doi.org/10.18356/72d77e9d-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Nicaragua
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