{"id":4480,"date":"2024-02-22T15:53:00","date_gmt":"2024-02-22T15:53:00","guid":{"rendered":"https:\/\/latamreports.com\/br\/?p=4480"},"modified":"2024-02-22T18:54:34","modified_gmt":"2024-02-22T18:54:34","slug":"nicaragua-closed-2023-with-a-trade-deficit-of-2-454-million","status":"publish","type":"post","link":"https:\/\/latamreports.com\/br\/nicaragua-closed-2023-with-a-trade-deficit-of-2-454-million\/","title":{"rendered":"Nicaragua closed 2023 with a trade deficit of $2.454 million"},"content":{"rendered":"\n<p>Nicaragua&#8217;s trade deficit of $2,454.2 million represents 14.9 per cent of that country&#8217;s Gross Domestic Product (GDP) projected for 2023, according to official data.<\/p>\n\n\n\n<p>Nicaragua closed 2023 with a deficit in its trade balance of 2,454.2 million dollars, 2.5% more than the one recorded a year earlier, the Central American Central Bank reported Wednesday.<\/p>\n\n\n\n<p>The trade deficit of goods and free-sea assets accumulated between January and December 2023 was more than $60.4 million in the same period of 2022 ($2.393.8 million), the State issuing bank said in a report on foreign merchandise trade.<\/p>\n\n\n\n<p>The trade deficit of 2,454.2 million represents 14.9 per cent of Nicaragua&#8217;s projected Gross Domestic Product (GDP) for 2023, according to official data.<\/p>\n\n\n\n<p>This deficit in its trade balance was the result of the decrease in total imports (9,997.5 million), which also exceeded the fall in exports (7,543.3 million), the monetary institution detailed.<\/p>\n\n\n\n<p>Total exports in 2023 were $7.543.3 million, down by $187.5 million from 2022 (7.730.8 million), a year-on-year decline of 2.4 per cent, as a result of the 8.9% decrease in free zone exports, which was partially offset by a 4 per cent increase in merchandise exports, according to the report.<\/p>\n\n\n\n<p>Meanwhile, imports of goods and free zone goods amounted to $9.997.5 million in 2023, reflecting an annual decrease of 1.3% from 2022 ($102,124.7 million), as a result of a decrease of 18.9% in free zone imports, which exceeded the 5.6% increase in imports of goods, it said.<\/p>\n\n\n\n<p>Nicaragua closed 2022 with a deficit in its trade balance of $2,393.8 million, 59.5% more than in 2021, according to the Central Bank.<\/p>\n\n\n\n<p>By 2023, the Central Bank of Nicaragua updated its projection of economic growth to a minimum of 4% and a maximum of 5%, with inflation of 4.5% to 5.5%, which it has not yet known.<\/p>\n\n\n\n<p><strong><em>This article has been translated from the original which first appeared in<\/em><\/strong><a href=\"https:\/\/www.prensa.com\/centroamerica\/nicaragua-cerro-2023-con-un-deficit-comercial-de-24542-millones-de-dolares\/\"><strong><em> Prensa<\/em><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nicaragua&#8217;s trade deficit of $2,454.2 million represents 14.9 per cent of that country&#8217;s Gross Domestic Product (GDP) projected for 2023, according to official data. Nicaragua &#8230; <a title=\"Nicaragua closed 2023 with a trade deficit of $2.454 million\" class=\"read-more\" href=\"https:\/\/latamreports.com\/br\/nicaragua-closed-2023-with-a-trade-deficit-of-2-454-million\/\" aria-label=\"Read more about Nicaragua closed 2023 with a trade deficit of $2.454 million\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2,13],"tags":[20],"class_list":["post-4480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios","category-politica","tag-nicaragua","resize-featured-image"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nicaragua closed 2023 with a trade deficit of $2.454 million - LatAm Reports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latamreports.com\/br\/nicaragua-closed-2023-with-a-trade-deficit-of-2-454-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nicaragua closed 2023 with a trade deficit of $2.454 million - LatAm Reports\" \/>\n<meta property=\"og:description\" content=\"Nicaragua&#8217;s trade deficit of $2,454.2 million represents 14.9 per cent of that country&#8217;s Gross Domestic Product (GDP) projected for 2023, according to official data. 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