Gross Domestic Product Per Capita for Nicaragua
PCAGDPNIA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,847.54
Year-over-Year Change
59.55%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) Per Capita for Nicaragua measures the total economic output of the country divided by its population. This metric provides insight into the standard of living and overall economic well-being of Nicaraguan citizens.
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
GDP per capita is a key indicator used by economists and policymakers to assess a country's economic development and progress. It represents the average income per person and can be used to compare living standards across countries or over time.
Methodology
The data is calculated by the World Bank using national accounts data and population figures.
Historical Context
GDP per capita trends are closely monitored by investors, analysts, and government agencies to inform economic policy decisions.
Key Facts
- Nicaragua's GDP per capita was $2,126 in 2021.
- GDP per capita has grown by 23% in Nicaragua over the past decade.
- Nicaragua's GDP per capita is less than half the Latin American average.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) Per Capita for Nicaragua measures the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator used to assess a country's economic development and living standards. It provides insight into the overall well-being of Nicaraguan citizens.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: GDP per capita trends are closely monitored by investors, analysts, and government agencies to inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
Provisions to Non-Performing Loans for Nicaragua
DDSI07NIA156NWDB
Value of Exports to Nicaragua from Tennessee
TNNICA052SCEN
Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Commercial Banks for Nicaragua
NICFCNODCSNUM
Value of Exports to Nicaragua from New Hampshire
NHNICA052SCEN
Number of Identified Exporters to Nicaragua from Indiana
INNICA475SCEN
Percentage of Foreign Bank Assets Among Total Bank Assets for Nicaragua
DDOI14NIA156NWDB
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Nicaragua (PCAGDPNIA646NWDB), retrieved from FRED.