Remittance Inflows to GDP for Nicaragua
DDOI11NIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.74
Year-over-Year Change
52.76%
Date Range
1/1/1977 - 1/1/2020
Summary
This metric measures remittance inflows as a percentage of Nicaragua's gross domestic product (GDP), providing insight into the economic reliance on funds sent from Nicaraguans living abroad.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Remittance inflows are funds transferred by foreign workers back to their home country. This indicator tracks the importance of these cross-border payments to Nicaragua's overall economic activity and development.
Methodology
The data is compiled by the World Bank using official government statistics.
Historical Context
Remittance flows are a key consideration for policymakers assessing Nicaragua's economic resilience and growth potential.
Key Facts
- Remittances account for over 10% of Nicaragua's GDP.
- Inflows declined during the 2018 political crisis but have since recovered.
- Nicaragua is among the top recipients of remittances in Central America.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the value of remittance inflows to Nicaragua as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Remittance flows are an important indicator of Nicaragua's economic reliance on funds sent from its citizens living abroad, which has implications for development and stability.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank using official government statistics on remittance inflows and GDP.
Q: How is this trend used in economic policy?
A: Policymakers monitor remittance inflows to assess Nicaragua's economic resilience and identify opportunities for growth and financial inclusion.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required to collect and validate the underlying data from government sources.
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Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Nicaragua (DDOI11NIA156NWDB), retrieved from FRED.