The Central Bank of Nicaragua published national accounts results for the fourth quarter of 2025, reporting that quarterly GDP expanded 6.0% year on year, slightly below 6.1% in the previous quarter. The preliminary estimate puts full-year 2025 GDP growth at 4.9% in the original series. On a seasonally adjusted basis, quarterly GDP rose 1.5% from the previous quarter, while the trend-cycle series increased 1.5% quarter on quarter, 6.3% year on year and 5.0% on an average annual basis. By production, growth was led by construction (26.7%), trade (9.9%), water supply (8.4%), manufacturing (8.2%), hotels and restaurants (8.0%), livestock (7.1%), transport and communications (6.3%) and financial intermediation (5.0%), partly offset by declines in electricity (-3.7%), public administration and defence (-3.3%) and forestry and logging (-2.6%). By expenditure, domestic demand drove the expansion, with consumption up 6.7% and fixed investment up 21.1%, while net external demand fell as import growth made a larger contribution (4.2%) than export growth (4.2%). At current prices, quarterly GDP increased 15.9% year on year and 12.9% on an average annual basis.