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Aliases: Republic of Nicaragua, Republica de Nicaragua

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Object «Nicaragua» has attributes

Attribute Value
Geography
Area 130,370 km²
Continent North America
Land area 119,990 km²
Water area 10,380 km²
Land boundaries 1,253 km
Border countries
  • Costa Rica
  • Honduras
Coastline 910 km
Mean elevation 298 m
Lowest point 0 m
Highest point 2,085 m
People
Population 6,203,441
Official languages
  • Spanish
Religion Roman Catholic
Government
Long country name Republic of Nicaragua
Short country name Nicaragua
Long local name Republica de Nicaragua
Short local name Nicaragua
Former name Add
Government type Presidential republic
Capital Managua
Economy
GDP (PPP) 36,400,000,000 USD
GDP (OER) 13,810,000,000 USD
GDP (real growth rate) 4.9 %
GDP - per capita (PPP) 5,900 USD
Gross national saving 24 % of GDP
Labor force 3,046,000
Unemployment rate 6.4 %
Population below poverty line 29.6 %
Budget revenues 3,871,000,000 USD
Budget expenditures 4,150,000,000 USD
Military expenditures 0.61 % of GDP
Taxes and other revenues 28 % of GDP
Budget surplus or deficit -2 % of GDP
Public debt 33.3 % of GDP
Inflation rate 3.9 %
Central bank discount rate 3 %
Commercial bank prime lending rate 10.8 %
Stock of narrow money 1,162,000,000 USD
Stock of broad money 1,162,000,000 USD
Stock of domestic credit 6,461,000,000 USD
Market value of publicly traded shares 1,568,000,000 USD
Current account balance -694,000,000 USD
Exports 3,819,000,000 USD
Imports 6,613,000,000 USD
Reserves of foreign exchange and gold 2,758,000,000 USD
External debt 11,310,000,000 USD
National currency cordobas
National currency (code) NIO
National currency (symbol) C$
National currency rate to USD 30.11

The Pacific coast of Nicaragua was settled as a Spanish colony from Panama in the early 16th century. Independence from Spain was declared in 1821 and the country became an independent republic in 1838. Britain occupied the Caribbean Coast in the first half of the 19th century, but gradually ceded control of the region in subsequent decades. Violent opposition to governmental manipulation and corruption spread to all classes by 1978 and resulted in a short-lived civil war that brought the Marxist Sandinista guerrillas led by Daniel ORTEGA Saavedra to power in 1979. Nicaraguan aid to leftist rebels in El Salvador prompted the US to sponsor anti-Sandinista contra guerrillas through much of the 1980s. After losing free and fair elections in 1990, 1996, and 2001, former Sandinista President Daniel ORTEGA was elected president in 2006, 2011, and most recently in 2016. Municipal, regional, and national-level elections since 2008 have been marred by widespread irregularities. Democratic institutions have weakened under the ORTEGA administration as the president has garnered full control over all branches of government, especially after cracking down on a nationwide antigovernment protest movement in 2018.

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