Nicaragua Economy - 1986

GEOGRAPHICAL NAMES 

CDP: $2.9 billion (1985), $960 per capita; real GDP growth rate 1985, —7.1% (Noteconversion from national currency made at 50 cordobas=US$I. a highly overvalued official exchange rate)

Natural resources: gold, silver, copper, tungsten, arable land, timber, livestock, fish

Agriculture: main crops—cotton, coffee, sugarcane, rice, corn, lieans, cattle

Major industries: food processing, chemicals, metal products, textiles and clothing, petroleum, beverages

Electric power: 400000 kW capacity (1985); 1.14 billion kWh produced (1985), 350 kWh per capita

Exports: $320 million (f.o.b., 1985); cotton, coffee, chemical products, meat, sugar, seafood

Imports $850 million (f o.b., 1985); food and nonfood agricultural products, chemicals and pharmaceuticals, transportation equipment, machinery, construction materials, clothing, petroleum

Major trade partners: exports—41 % EC, 13% US, 8% CACM, 24% Japan, 7% CEMA, 7% other; imports—10% Mexico, 14% US, 9% (’ACM, 21% EC, 32% CEMA, 14% other (1984)

Aid: economic commitments—US, including Ex-Im (FY70-82), $290 million; Western (non-US) countries, ODA and OOF (1970-83) $540 million; Communist countries (1970-84), $760 million; military—US commitments (FY70-79), $20 million, Communist countries (1970-84) $515 million

Budget: 1984 expenditures, $1.1 billion; revenues, $0.7 billion; converted at 50 cordobas=US$l, at highest official exchange rate

Monetary conversion rate: multiple exchange policy; official rates vary from 10-50 cordobas=US$l (January 1986); free market 1,200cordobas=US$l (January 1986)

Fiscal year: calendar year

NOTE: The information regarding Nicaragua on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Nicaragua 1986 information contained here. All suggestions for corrections of any errors about Nicaragua 1986 should be addressed to the CIA or the source cited on each page.