Country Info >> Nicaragua

Nicaragua has widespread underemployment, one of the highest degrees of income inequality in the world, and the third lowest per capita income in the Western Hemisphere. While the country has progressed toward macroeconomic stability in the past few years, annual GDP growth has been far too low to meet the country's needs, forcing the country to rely on international economic assistance to meet fiscal and debt financing obligations.

The US-Central America Free Trade Agreement (CAFTA) has been in effect since April 2006 and has expanded export opportunities for many agricultural and manufactured goods.

Sources include CIA-The World Factbook

Per Capita GDP
$3,200 as of (est. 2007) Source: CIA-The World Factbook

Main-Line Phones
247,900 as of (2006) Source: CIA-The World Factbook

Mobile Phones
1,830,000 as of (2006) Source: CIA-The World Factbook

Internet Users
155,000 as of (2006) Source: CIA-The World Factbook

Cable TV Households
100,000 as of (2007) Source: LMS est.

Time Zone Vs. Eastern Time (New York, Miami)
-1 hr (Daylight Standard Time)

Country Statistics

Government Type
President Daniel Ortega
Primary Religion(s)
Roman Catholic (73%) (est. 1995)
Cordoba Oro (NIO)
Exchange Rate
18.21 NIO per US$1 (April 2007)
5,675,356 (July 2007 est.)
Central America, bordering both the Caribbean Sea and the North Pacific Ocean
129,494 sq kms, slightly smaller than NY State
Border Countries
Costa Rica, Honduras
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