Nicaragua: Imports of goods and services (% of GDP)
In , Nicaragua's Imports of goods and services (% of GDP) was 58.06.
That's down 1.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 47.94 . Nicaragua ranks #46 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #3 of 24.
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 67.71
- Trough
- 46.89
- 1-year change
- -1.8%
- 5-year change
- +17.9%
- +3.4% / yr
- 10-year change
- -5.9%
- -0.6% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 58.0628 | |
| 59.1537 | |
| 65.5589 | |
| 59.8031 | |
| 46.8920 | |
| 49.2378 | |
| 51.7076 | |
| 55.0416 | |
| 54.9317 | |
| 58.1104 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Nicaragua's Imports of goods and services (% of GDP) in 2024?
- In 2024, Nicaragua's Imports of goods and services (% of GDP) was 58.06, according to World Bank Open Data.
- Is Nicaragua's Imports of goods and services (% of GDP) rising or falling?
- Nicaragua's Imports of goods and services (% of GDP) fell 1.8% from 2023 to 2024.
- How does Nicaragua rank globally on Imports of goods and services (% of GDP)?
- In 2024, Nicaragua ranked #46 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Nicaragua's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Nicaragua is above the world average. Within Latin America & Caribbean, it ranks #3 of 24.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.