Domestic credit provided by financial sector in Nicaragua
Nicaragua: Domestic credit provided by financial sector was 29.1% in 2024. ▼ Falling
Domestic credit provided by financial sector in Nicaragua, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit provided by financial sector in Nicaragua stood at 29.1%.
That represents a change of up 3.9% on the previous year and down 37.9% over ten years.
Over the whole period, domestic credit provided by financial sector in Nicaragua peaked at 72.3% in 2002 and was at its lowest, 28.0%, in 2023.
That places Nicaragua 57th out of 65 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Domestic credit provided by financial sector in Nicaragua, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 72.2% | — |
| 2002 | 72.3% | +0.2% |
| 2003 | 71.6% | -1.0% |
| 2004 | 65.0% | -9.3% |
| 2005 | 61.6% | -5.2% |
| 2006 | 58.3% | -5.4% |
| 2007 | 59.5% | +2.0% |
| 2008 | 54.9% | -7.8% |
| 2009 | 53.4% | -2.7% |
| 2010 | 50.3% | -5.8% |
| 2011 | 46.3% | -7.9% |
| 2012 | 46.0% | -0.7% |
| 2013 | 48.5% | +5.6% |
| 2014 | 46.9% | -3.4% |
| 2015 | 47.8% | +2.0% |
| 2016 | 49.3% | +3.0% |
| 2017 | 51.5% | +4.4% |
| 2018 | 49.5% | -3.8% |
| 2019 | 41.9% | -15.3% |
| 2020 | 38.0% | -9.5% |
| 2021 | 34.6% | -8.8% |
| 2022 | 32.3% | -6.7% |
| 2023 | 28.0% | -13.2% |
| 2024 | 29.1% | +3.9% |
Nicaragua compared with similar countries
- Nicaragua's 29.1% is below the median for lower middle income countries, which is 36.3%, 80% of the median. (17 countries reporting)
- Nicaragua's 29.1% is below the median for Latin America & Caribbean, which is 65.9%, 44% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 63.2% | 53.4% | 72.3% | 9 |
| 2010s | 47.8% | 41.9% | 51.5% | 10 |
| 2020s | 32.4% | 28.0% | 38.0% | 5 |
Countries ranked near Nicaragua
- 54 Trinidad and Tobago 33.1% compare
- 55 Republic of Moldova 32.0% compare
- 56 Guyana 30.7% compare
- 58 Uzbekistan 24.1% compare
- 59 Venezuela, Bolivarian Republic of 22.5% compare
- 60 Azerbaijan 22.0% compare
More financial sector data for Nicaragua
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.35 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.64 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.35 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit provided by financial sector in Nicaragua?
- Domestic credit provided by financial sector in Nicaragua was 29.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Nicaragua?
- The highest recorded value was 72.3% in 2002.
- What is the lowest domestic credit provided by financial sector recorded in Nicaragua?
- The lowest recorded value was 28.0% in 2023.
- How does Nicaragua rank for domestic credit provided by financial sector?
- Nicaragua ranks 57th out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Nicaragua?
- Over the last ten years it is down 37.9%. The long-run trend across the full record is falling.
- Where does this Nicaragua data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.