ECLAC: Nicaragua among countries to lead regional economic expansion in 2015

December 5, 2014

Nicaragua will be one of the countries that will lead the economic expansion of Latin America and the Caribbean in 2015, with a GDP growth of 5 percent, according to estimates by the Economic Commission for Latin America and the Caribbean (ECLAC). Other countries that will have substantial growths are Panama (7%), Bolivia (5.5%), and Peru and Dominican Republic (5%).

ECLAC’s estimates for 2015 indicate a growth of 4.1 percent for Central America, Haiti and the Spanish-speaking Caribbean; 1.8 percent for South America; and 2.2 percent for the English-speaking Caribbean. In general, the region’s growth will recover in 2015 reaching an average of 2.2 percent. In 2014, the region’s average growth was 1.1 percent.

Earlier this year, the International Monetary Fund (IMF) also referred to Nicaragua’s positive economic development. After their official visit in May 2014, the IMF stated that “over the past few years, Nicaragua’s economy grew at relatively high rates and its macroeconomic stability has been strengthened.”

Nicaragua attracted a total of US$1,388 million in terms of foreign investment gross inflows in 2013, which represent an 8 percent increase compared to the US$1,284 million received during 2012. Also, Nicaragua’s FDI/GDP ratio last year was 7.5 percent, well above the average 5.6 percent of the Central American region.

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En español: CEPAL: Nicaragua entre países que liderarán expansión económica regional en 2015