Remittance inflows to GDP in Nicaragua
Nicaragua: Remittance inflows to GDP was 14.7% in 2020. ◆ Volatile
Remittance inflows to GDP in Nicaragua, 1977–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
In 2020, remittance inflows to gdp in Nicaragua stood at 14.7%. That is the highest value across all 32 years on record.
Compared with earlier readings it is up 10.1% on the previous year and up 56.5% over ten years.
Over the whole period, remittance inflows to gdp in Nicaragua peaked at 14.7% in 2020 and was at its lowest, 0.2%, in 1977.
Nicaragua ranks 19th of 196 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.2% | 0.2% | 0.3% | 3 |
| 1990s | 2.7% | 0.6% | 6.2% | 8 |
| 2000s | 8.6% | 6.3% | 10.3% | 10 |
| 2010s | 10.2% | 9.3% | 13.4% | 10 |
| 2020s | 14.7% | 14.7% | 14.7% | 1 |
Countries ranked near Nicaragua
- 16 Comoros 18.6% compare
- 17 Palestine, State of 16.5% compare
- 18 Republic of Moldova 15.8% compare
- 20 Guatemala 14.7% compare
- 21 Cabo Verde 14.4% compare
- 22 Dominica 13.5% compare
More financial sector data for Nicaragua
- Net domestic credit (current LCU), per capita 27,229 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 9.56 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 16.59 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 5.77 billion SDR (2025)
- Reserves excluding gold 6.08 billion SDR (2025)
- Total reserves (gold at market value) 6.08 billion SDR (2025)
- Total reserves (gold at national valuation) 6.08 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 867.41 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in Nicaragua?
- Remittance inflows to gdp in Nicaragua was 14.7% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Nicaragua?
- The highest recorded value was 14.7% in 2020.
- What is the lowest remittance inflows to gdp recorded in Nicaragua?
- The lowest recorded value was 0.2% in 1977.
- How does Nicaragua rank for remittance inflows to gdp?
- Nicaragua ranks 19th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Nicaragua?
- Over the last ten years it is up 56.5%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.