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Nicaragua Projects

Nicaragua, one of the hemisphere's poorest countries, faces low per capita income, massive unemployment, and huge external debt. While the country has made progress toward macroeconomic stability over the past few years, GDP annual growth has been far too low to meet the country's needs. To a large degree, Nicaragua economy is still based on agriculture. Nicaragua's manufacturing base is small and the country is dependent on imports of foreign goods. The fastest growing segment of Nicaraguan industry is clothing manufacturing. The service sector is also increasing in Nicaragua. Financial services, transport, telecommunications, and tourism are growing in size and as percentages of GDP. Tourism now ranks as the third largest source of foreign capital. The United States is Nicaragua's main trading partner.

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