Factsheet : Nicaragua

Official Title:
Republic of Nicaragua


General Information

Capital: Managua
Population (million): 6.29
Total Area: 129,494km2
Currency: 1 CAN$ = 22.81 Cordoba (NIO) (2018- Annual average)
National Holiday: 15 September
Language(s): Spanish


Political Information

Type of State:
Democratic republic

Type of Government:
Unicameral presidential democracy: National Assembly consists of 92 members (90 elected by proportional representation, one seat for outgoing president, and one seat for the runner-up in the most recent presidential election); presidential and legislative elections held every five years.

Head of State:
President Daniel ORTEGA Saavedra

Head of Government:
President Daniel ORTEGA Saavedra

Ministers:
Foreign Affairs: Denis Ronaldo Moncada Colindres
Finance and Public credit: Iván ACOSTA
Development, Industry & Commerce: Orlando SOLORZANO

Main Political Parties:
FSLN � Sandinista National Liberation Front: 71 PLC � Liberal Constitutionalist Party: 14 PLI � Independent Liberal Party: 2

Elections:
Presidential and Legislative: November 2022.


Economic Information (2018)

Comparative figures
Type Nicaragua Canada
GDP: ($ billion) 17.22 2,222.58
GDP per capita: ($) 2,738.20 60,078.85
GDP growth rate: (%) -4 1.83
Inflation: (%) 4.96 2.24
Unemployment: (%) 15.17 5.82

Product Trade and Investment (2019)

Canadian exports to country: $35,033,346
Canadian imports from country: $148,592,430
FDI in Canada (2018) : $ million
CDI in country (2018): $347 million


Representation

Foreign Representation in Canada:
Ambassador Maurizio Gelli

Canadian Representation Abroad:
Ambassador James Hill (Costa Rica)


February 2020
Sources include: Statistics Canada, IMF

PDF Version

Please note that all statistics reflect Canadian dollars, with some figures reflecting the yearly averages for the year. If listed as ’0’ or absent, the statistic is unavailable.
Bilateral Product trade
Canada - Nicaragua
Year Exports Imports
2015 $44,063,749 $139,279,434
2016 $31,128,820 $124,458,711
2017 $40,884,289 $126,811,639
2018 $27,665,311 $124,933,637
2019 $35,033,346 $148,592,430
Product trade (2019)
21 HS Sections
Canada - Nicaragua
Section Exports Imports
01 Animal & Prod. $94,850 $966,661
02 Veg. Prod. $1,902,290 $41,140,122
03 Fats, Oils & Waxes Prod. $ $9,321
04 Food Prod. $835,177 $28,718,863
05 Mineral Prod. $281,186 $5,654
06 Chemical Prod. $9,912,729 $7,036
07 Plastics, Rubber Prod. $426,466 $176,321
08 Leather, Fur Prod. $47,161 $124,472
09 Wood Prod. $213,102 $58,050
10 Paper Prod. $647,822 $11,835
11 Textiles Prod. $8,166,679 $72,135,128
12 Dress Access. $1,007,259 $471,171
13 Glass & Stone Prod. $47,853 $23,552
14 Precious Metals/stones $7,025 $2,718
15 Base Metal Prod. $6,085,277 $25,512
16 Mach. Mech. Elec. Prod. $2,968,239 $4,326,323
17 Vehicles and Equip. $623,096 $50,456
18 Specialized Inst. $246,330 $238,917
19 Arms & Ammunition $ $
20 Misc. Articles $1,466,056 $99,134
21 Antiques $ $391