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MartinRoberts Offline

Beiträge: 2

25.09.2022 15:50
Economy of Nicaragua Antworten

Nicaragua is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Nicaragua may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Nicaragua exports about US$2.4 billion and imports about US$5.65 billion each year. 4.4% of the country's population is unemployed. The total number of unemployed in Nicaragua is 276,529. In Nicaragua, 29.6% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Nicaragua is quite high, but nothing to worry about when it comes to investing. Potential lenders should look at other economic indicators, including GDP, the rate of urbanization and the strength of the currency, before making investment decisions. Government spending on education is 3.9% of GDP. The country's Gini index is 40.5. Nicaragua experiences poor equality. The gap between the richest and poorest citizens in this country is quite palpable. Nicaragua has a Human Development Index (HDI) of 0.614. Nicaragua has an upper middle HDI value. This indicates that the majority of citizens will be able to lead a worthwhile life, although some citizens will not be able to achieve a high standard of living. The Global Peace Index (GPI) for Nicaragua is 1.947. Due to the strong presence of the law enforcement authorities and the high social responsibility, Nicaragua is very safe in international comparison. The Strength Laws Index for Nicaragua is 1. Overall, it is considered rather weak - bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.

The currency of Nicaragua is Nicaraguan Cordoba. The plural form of the word Nicaraguan Cordoba is cordobas. The symbol used for this currency is C$ and is abbreviated as NIO. Nicaraguan Cordoba is divided into centavos; There are 100 in a Cordoba.

Credit rating
Nicaragua's credit rating depth index is 8, which means that the information is mostly sufficient and fairly detailed; Accessibility is not a problem. According to the rating agency Moody's, Nicaragua has a credit rating of B3 and the prospects for this rating are stable.

Central bank
In Nicaragua, the institution that administers the state's currency, money supply, and interest rates is called the Central Bank of Nicaragua. Locally, the central bank of Nicaragua is called the Banco Central de Nicaragua. The average interest rate on deposits offered by local banks in Nicaragua is 1%.

National debt
Nicaragua has a public debt of 46.6% of the country's gross domestic product (GDP) as estimated in 2012.

Control information
The corporate tax in Nicaragua is 30%. Sales tax in Nicaragua is 15%.

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