The IMF projects an economic growth of 4.5 percent for Nicaragua in 2018, and a 4.7 and 4.5 percent for 2019 and 2023 respectively.
Managua, Nicaragua; April 18, 2018
Nicaragua will be among the fastest growing economies in Latin America from now until 2023, according to a publication issued by the International Monetary Fund (IMF) “World Economic Outlook: Cyclical Upswing, Structural Change,” on April 17. The IMF projects an economic growth of 4.5 percent for Nicaragua in 2018, and a 4.7 and 4.5 percent for 2019 and 2023 respectively.
According to the document, Panama will lead Latin America’s economic growth with 5.6 percent in 2018; 5.8 in 2019 and 5.5 percent in 2023. For its part, the Dominican Republic will experience a 5.5 percent growth rate in 2018 and 5.0 in 2019 and 2023.
Additionally, the Economic Commission for Latin America and the Caribbean (ECLAC) in its most recent update on growth projections for Latin America and the Caribbean highlighted that Panama (5.6%), the Dominican Republic (5.0%) and Nicaragua (5.0) % are the Latin American countries projected to have the highest growth rates this year.
The Nicaraguan Central Bank (BCN) in its annual state of the economy report agreed with the international organizations, “the economic growth observed in 2017 is expected to continue this year, with a GDP growth forecast ranging from 4.5 – 5.0 percent.”