In a television interview, Central Bank of Nicaragua President Ovidio Reyes R. estimated that the economy grew 4.1% in the first half of 2026, in line with the bank’s full-year projection of 3.5% to 4.5%. He reported annual inflation of about 4% and maintained a year-end projection of 2.5% to 3.5%, although higher international oil prices could push inflation to the top of that range or slightly above it. Exports and construction were the main growth drivers. Exports rose 15.6% year over year to USD 5.132 billion in the first half, despite a 10.1% decline in free trade zone exports, while construction growth accelerated from 16.7% in the first quarter to 30.4% in the second. International reserves reached a record USD 9.95 billion, financial system deposits exceeded NIO 300 billion and foreign direct investment surpassed USD 960 million. Reyes identified El Niño’s effects on agriculture and fishing as a continuing risk.
2026-09-22Central Bank of Nicaragua
Central Bank of Nicaragua estimates 4.1% first half growth, sees 3.5% to 4.5% expansion in 2026
Central Bank of Nicaragua President Ovidio Reyes R. estimated first-half economic growth at 4.1%, within the bank’s 3.5% to 4.5% projection for 2026. Exports and construction led the expansion, while higher international oil prices and El Niño pose risks to inflation and primary production.