Nicaragua: Trade (% of GDP)
In , Nicaragua's Trade (% of GDP) was 98.53.
That's down 6.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Nicaragua ranks #58 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #4 of 24.
Source: World Bank Open Data (NE.TRD.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
- 115.45
- Trough
- 71.65
- 1-year change
- -6.2%
- 5-year change
- +4.8%
- +0.9% / yr
- 10-year change
- -7.7%
- -0.8% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 98.5258 | |
| 105.0031 | |
| 115.4547 | |
| 106.2074 | |
| 88.6381 | |
| 94.0422 | |
| 93.9847 | |
| 96.3806 | |
| 93.8137 | |
| 98.1942 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Nicaragua's Trade (% of GDP) in 2024?
- In 2024, Nicaragua's Trade (% of GDP) was 98.53, according to World Bank Open Data.
- Is Nicaragua's Trade (% of GDP) rising or falling?
- Nicaragua's Trade (% of GDP) fell 6.2% from 2023 to 2024.
- How does Nicaragua rank globally on Trade (% of GDP)?
- In 2024, Nicaragua ranked #58 out of 160 countries reporting Trade (% of GDP).
- How does Nicaragua's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Nicaragua is above the world average. Within Latin America & Caribbean, it ranks #4 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.