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Nicaraguan economy expands in first quarter of 2025

Managua, Apr 16 (Prensa Latina) Nicaragua's economy registered an expansion in the first quarter of this year of 3,4 percent inter-annual, and outstanding results in macroeconomic indicators, it was reported.

According to the most recent report of the Central Bank of Nicaragua (BCN) on the economic outlook for 2025, quoted in the Pastrán Report, despite a challenging international environment, the country recorded low inflation, stable unemployment and dynamic external flows.

The source specified that according to the Monthly Index of Economic Activity (IMAE) for January, growth is driven by sectors such as construction, agriculture, industry, hotels and restaurants, commerce and transportation.

It highlighted an annual average growth of 3,3%, although activities such as fishing, energy, forestry and public administration recorded declines.

“Domestic demand, supported by increased credit, better real wages and remittances, continues to be the main driver,” it detailed.

It added that in the labor market, the unemployment rate remained at 2,8% as of February, while formal employment grew by 2,9 year-on-year, with 23,284 new insured persons in the Nicaraguan Social Security Institute in March, compared to the previous year.

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