So, what does Nicaragua
do for a living?
You're a traveler that wants a little more depth in your Nicaragua knowledge than just our beautiful landscapes, and fascinating history well, here's a bit of current news about the state of our economy.
According to today's El Nuevo Diario the commodity export sector of our economy is led by beef, coffee, gold and peanuts.
Volumes of beef exported were up 5.3% this year. The value of exported beef was US$414.2 millon in 2015, while this year US$441.7 millon. The main import markets of Nicaraguan beef are the United States, Venezuela and El Salvador.
Coffee, currently holds down second place among our export commodities, with revenues of US$389.35 millon in 2015 and US$394.47 in 2016.
Gold exports were up 11.8% this year, with export values of US$345.85 millon compared with 2015, US$309.26 millon.
Rounding out the top 10 agricultural exports from Nicaragua to the world are, cheese, sugarcane, peanuts, shrimp, beans, lobster and tobacco.
During the past 5 years, 161 businesses operating under the Zona Franca rules, generated 108,000 jobs and exports valued at 2,475.2 billion dollars producing textiles, cable harnesses and tobacco. They accounted for 4.3% of the GDP during the period 2013-2015.
Tourism with an estimated value of $528.6 million dollars in 2015 or 4% of the annual GDP.
Nicaragua's GDP is 13,172.1 million US 2016