Nicaragua's GDP grows 6.1% in first quarter of 2026

Nicaragua's economy experienced robust growth in the first quarter of 2026, with its Gross Domestic Product (GDP) expanding by 6.1%. This figure represents a substantial increase compared to the 3% growth observed during the corresponding quarter of the previous year, according to preliminary estimates from the Central Bank of Nicaragua.

The sustained economic momentum has led to an accumulated annual growth of 5.8% as of March 2026, surpassing the 2.9% recorded a year earlier. The Central Bank noted that the quarterly GDP growth of 6.1% maintained the pace set in previous quarters.

Key sectors driving this expansion include mining and quarrying, which saw a 24% increase, followed by construction (16.7%), commerce (15.8%), and hotels and restaurants (9.8%). Other contributing sectors include livestock, financial services, water, and various other services. Conversely, declines were noted in fishing and aquaculture, electricity, public administration, and agriculture.

On the expenditure side, growth was fueled by both domestic and net domestic demand. Domestic demand was bolstered by a 3.6% rise in consumption and a 10.9% increase in fixed investment. The growth in net domestic demand was attributed to a 12.9% increase in exports, which outpaced the 5.8% rise in imports.

Looking ahead, the Central Bank of Nicaragua forecasts an economic growth of 3.5% to 4.5% for the entirety of 2026, with annual inflation expected to range between 2.5% and 3.5%. Official data indicates a consistent growth trend in recent years, with GDP expanding by 4.9% in 2025 and 3.6% in 2024.