The Central Bank of Nicaragua released fourth-quarter 2024 gross domestic product data showing a positive performance, with quarterly GDP growing 3.7% year on year, up from 1.1% in the prior quarter. On a seasonally adjusted basis, GDP rose 2.1% compared with the third quarter. The trend-cycle series increased 1.5% quarter on quarter and 2.2% versus the same quarter of 2023. By production, the year-on-year result was driven by construction (27.7%), hotels and restaurants (9.1%), trade (5.2%), financial intermediation and related services (5.0%), and transport and communications (4.0%), while fishing and aquaculture (-18.3%), electricity (-5.7%), and livestock (-1.9%) contracted. By expenditure, growth reflected stronger domestic demand, with consumption up 5.3% and fixed investment up 20.7%, partly offset by weaker net external demand as exports fell 2.6% and imports rose 11.7%. In current prices, quarterly GDP increased 10.3% year on year in the original series and 11.2% on an annual average basis.
Central Bank of Nicaragua 2025-03-19
Central Bank of Nicaragua publishes fourth-quarter 2024 GDP showing 3.7% year-on-year growth
The Central Bank of Nicaragua reported a 3.7% year-on-year GDP growth for Q4 2024, up from 1.1% in the previous quarter. Growth was driven by construction, hotels and restaurants, and trade, while fishing, electricity, and livestock sectors contracted. Domestic demand strengthened with consumption and fixed investment rising, despite a decline in net external demand due to falling exports and rising imports.