Compare Nicaragua (2008) - Nicaragua (2007)

Compare Nicaragua (2008) z Nicaragua (2007)

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	Nicaragua (2008)	Nicaragua (2007)

Budget	revenues: $1.027 billion expenditures: $1.336 billion (2007 est.)	revenues: $996.7 million expenditures: $1.211 billion (2006 est.)
Debt - external	$3.702 billion (31 December 2007 est.)	$3.918 billion (2006 est.)
Economy - overview	Nicaragua has widespread underemployment, one of the highest degrees of income inequality in the world, and the third lowest per capita income in the Western Hemisphere. While the country has progressed toward macroeconomic stability in the past few years, annual GDP growth has been far too low to meet the country's needs, forcing the country to rely on international economic assistance to meet fiscal and debt financing obligations. In early 2004, Nicaragua secured some $4.5 billion in foreign debt reduction under the Heavily Indebted Poor Countries (HIPC) initiative, and in October 2007, the IMF approved a new poverty reduction and growth facility (PRGF) program that should create fiscal space for social spending and investment. The continuity of a relationship with the IMF reinforces donor confidence, despite private sector concerns surrounding Ortega, which has dampened investment. The US-Central America Free Trade Agreement (CAFTA) has been in effect since April 2006 and has expanded export opportunities for many agricultural and manufactured goods. Energy shortages fueled by high oil prices, however, are a serious bottleneck to growth.	Nicaragua has widespread underemployment and the third lowest per capita income in the Western Hemisphere. Distribution of income is one of the most unequal on the globe. While the country has progressed toward macroeconomic stability in the past few years, GDP annual growth has been far too low to meet the country's needs, forcing the country to rely on international economic assistance to meet fiscal and debt financing obligations. Nicaragua qualified in early 2004 for some $4.5 billion in foreign debt reduction under the Heavily Indebted Poor Countries (HIPC) initiative and in November 2006 obtained over $800 million in debt relief from the Inter-American Development Bank. In October 2005, Nicaragua ratified the US-Central America Free Trade Agreement (CAFTA), which will provide an opportunity for Nicaragua to attract investment, create jobs, and deepen economic development. Energy shortages, however, are a serious bottleneck to growth.
Exchange rates	gold cordobas per US dollar - 18.457 (2007), 17.582 (2006), 16.733 (2005), 15.937 (2004), 15.105 (2003)	gold cordobas per US dollar - 17.582 (2006), 16.733 (2005), 15.937 (2004), 15.105 (2003), 14.251 (2002)
GDP - composition by sector	agriculture: 17.1% industry: 25.9% services: 56.9% (2007 est.)	agriculture: 17.2% industry: 25.9% services: 56.9% (2006 est.)
GDP - real growth rate	2.9% (2007 est.)	3.7% (2006 est.)
Industrial production growth rate	3% (2007 est.)	2.4% (2005 est.)
Inflation rate (consumer prices)	9.8% (2007 est.)	9.1% (2006 est.)
Judicial branch	Supreme Court or Corte Suprema de Justicia (16 judges elected for five-year terms by the National Assembly)	Supreme Court or Corte Suprema (16 judges elected for five-year terms by the National Assembly)
Labor force	2.262 million (2007 est.)	2.204 million (2006 est.)
Pipelines	oil 54 km (2007)	oil 54 km (2006)
Political parties and leaders	Alliance for the Republic or APRE [Miguel LOPEZ Baldizon]; Alternative for Change or AC [Orlando TARDENCILLA Espinoza]; Central American Unionist Party or PUCA [Blanca ROJAS]; Conservative Party or PC [Azalia AVILES Salmeron]; Independent Liberal Party or PLI [Anibal MARTINEZ Nunez, Pedro REYES Vallejos]; Independent Liberal Party for National Unity or PLIUN [Carlos GUERRA Gallardo]; Liberal Constitutionalist Party or PLC [Jorge CASTILLO Quant]; Liberal Salvation Movement or MSL [Eliseo NUNEZ Hernandez]; New Liberal Party or PALI [Adolfo GARCIA Esquivel]; Nicaraguan Liberal Alliance or ALN [Eduardo MONTEALEGRE]; Nicaraguan Resistance Party or PRN [Salvador TALAVERA]; Sandinista National Liberation Front or FSLN [Daniel ORTEGA Saavedra]; Sandinista Renovation Movement or MRS [Dora Maria TELLEZ]	Alliance for the Republic or APRE [Miguel LOPEZ Baldizon]; Central American Unionist Party or PUCA [Blanca ROJAS]; Christian Alternative Party or AC [Orlando TARDENCILLA Espinoza]; Conservative Party or PC [Azalia AVILES Salmeron]; Independent Liberal Party or PLI [Anibal MARTINEZ Nunez, Pedro REYES Vallejos]; Independent Liberal Party for National Unity or PLIUN [Carlos GUERRA Gallardo]; Liberal Constitutional Party or PLC [Jorge CASTILLO Quant]; Liberal Salvation Movement or MSL [Eliseo NUNEZ Hernandez]; New Liberal Party or PALI [Adolfo GARCIA Esquivel]; Nicaraguan Liberal Alliance or ALN [Eduardo MONTEALEGRE]; Nicaraguan Party of the Christian Path or PCCN [Guillermo OSORNO Molina]; Nicaraguan Resistance Party or PRN [Salvador TALAVERA]; Sandinista National Liberation Front or FSLN [Daniel ORTEGA Saavedra]; Sandinista Renovation Movement or MRS [Dora Maria TELLEZ]; Unity Alliance or AU
Telephone system	general assessment: system being upgraded by foreign investment; nearly all installed telecommunications capacity now uses digital technology, owing to investments since privatization of the formerly state-owned telecoms company domestic: since privatization, access to fixed-line and mobile-cellular services has improved but teledensity still lags behind other Central American countries; connected to Central American Microwave System international: country code - 505; the Americas Region Caribbean Ring System (ARCOS-1) fiber optic submarine cable provides connectivity to South and Central America, parts of the Caribbean, and the US; satellite earth stations - 1 Intersputnik (Atlantic Ocean region) and 1 Intelsat (Atlantic Ocean)	general assessment: inadequate system being upgraded by foreign investment domestic: low-capacity microwave radio relay and wire system being expanded; connected to Central American Microwave System international: country code - 505; satellite earth stations - 1 Intersputnik (Atlantic Ocean region) and 1 Intelsat (Atlantic Ocean)
Unemployment rate	5.6% plus underemployment of 46.5% (2007 est.)	3.8% plus underemployment of 46.5% (2006 est.)

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