Economy Nicaragua
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.
GDP (purchasing power parity):
$15.84 billion (2007 est.)
GDP (official exchange rate):
$5.723 billion (2007 est.)
GDP - real growth rate:
3.8% (2007 est.)
GDP - per capita (PPP):
$2,600 (2007 est.)
GDP - composition by sector:
agriculture: 17.1%
industry: 25.9%
services: 57% (2007 est.)
Labor force:
2.262 million (2007 est.)
Labor force - by occupation:
agriculture: 29%
industry: 19%
services: 52% (2006 est.)
Unemployment rate:
3.6% plus underemployment of 46.5% (2007 est.)
Population below poverty line:
48% (2005)
Household income or consumption by percentage share:
lowest 10%: 2.2%
highest 10%: 33.8% (2001)
Distribution of family income - Gini index:
43.1 (2001)
Inflation rate (consumer prices):
11.1% (2007 est.)
Investment (gross fixed):
28.9% of GDP (2007 est.)
Budget:
revenues: $1.115 billion
expenditures: $1.291 billion (2007 est.)
Public debt:
63% of GDP (2007 est.)
Agriculture - products:
coffee, bananas, sugarcane, cotton, rice, corn, tobacco, sesame, soya, beans; beef, veal, pork, poultry, dairy products; shrimp, lobsters
Industries:
food processing, chemicals, machinery and metal products, textiles, clothing, petroleum refining and distribution, beverages, footwear, wood
Industrial production growth rate:
3% (2007 est.)
Electricity - production:
2.778 billion kWh (2006)
Electricity - production by source:
fossil fuel: 83.9%
hydro: 7.7%
nuclear: 0%
other: 8.4% (2001)
Electricity - consumption:
2.929 billion kWh (2006)
Electricity - exports:
8 million kWh (2005)
Electricity - imports:
69.34 million kWh (2006)
Oil - production:
0 bbl/day (2005 est.)
Oil - consumption:
28,000 bbl/day (2005 est.)
Oil - exports:
1,397 bbl/day (2004)
Oil - imports:
15,560 bbl/day (2005 est.)
Oil - proved reserves:
0 bbl (1 January 2006 est.)
Natural gas - production:
0 cu m (2005 est.)
Natural gas - consumption:
0 cu m (2005 est.)
Natural gas - exports:
0 cu m (2005 est.)
Natural gas - imports:
0 cu m (2005)
Natural gas - proved reserves:
0 cu m (1 January 2006 est.)
Current account balance:
-$989 million (2007 est.)
Exports:
$2.235 billion f.o.b.; note - includes free trade zones (2007 est.)
Exports - commodities:
coffee, beef, shrimp and lobster, tobacco, sugar, gold, peanuts
Exports - partners:
US 65.2%, El Salvador 6.9%, Honduras 3.8% (2006)
Imports:
$3.935 billion f.o.b. (2007 est.)
Imports - commodities:
consumer goods, machinery and equipment, raw materials, petroleum products
Imports - partners:
US 20.1%, Mexico 13.9%, Venezuela 9.4%, Costa Rica 6.9%, Guatemala 5.4%, China 4.3% (2006)
Economic aid - recipient:
$471 million (2006 est.)
Reserves of foreign exchange and gold:
$1.103 billion (31 December 2007 est.)
Debt - external:
$3.335 billion (31 December 2007 est.)
Market value of publicly traded shares:
$NA
Currency (code):
gold cordoba (NIO)
Currency code:
NIO
Exchange rates:
gold cordobas per US dollar - 18.457 (2007), 17.582 (2006), 16.733 (2005), 15.937 (2004), 15.105 (2003)
Fiscal year:
calendar year
Communications Nicaragua
Telephones - main lines in use:
247,900 (2006)
Telephones - mobile cellular:
1.83 million (2006)
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 telecommunications 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)
Radio broadcast stations:
AM 63, FM 32, shortwave 1 (1998)
Radios:
1.24 million (1997)
Television broadcast stations:
3 (plus 7 repeaters) (1997)
Televisions:
320,000 (1997)
Internet country code:
.ni
Internet hosts:
27,941 (2007)
Internet Service Providers (ISPs):
3 (2000)
Internet users:
155,000 (2006)
Transportation Nicaragua
Airports:
163 (2007)
Airports - with paved runways:
total: 11
2,438 to 3,047 m: 3
1,524 to 2,437 m: 2
914 to 1,523 m: 3
under 914 m: 3 (2007)
Airports - with unpaved runways:
total: 152
1,524 to 2,437 m: 1
914 to 1,523 m: 16
under 914 m: 135 (2007)
Pipelines:
oil 54 km (2007)
Railways:
total: 6 km
narrow gauge: 6 km 1.067-m gauge (2006)
Roadways:
total: 19,036 km
paved: 2,299 km
unpaved: 16,737 km (2005)
Waterways:
2,220 km (including lakes Managua and Nicaragua) (2007)
Ports and terminals:
Bluefields, Corinto, El Bluff
Military Nicaragua
Military branches:
National Army of Nicaragua (ENN; includes Navy, Air Force) (2008)
Military service age and obligation:
17 years of age for voluntary military service; tour of duty 18-36 months (2008)
Manpower available for military service:
males age 16-49: 1,513,312
females age 16-49: 1,507,999 (2008 est.)
Manpower fit for military service:
males age 16-49: 1,235,400
females age 16-49: 1,302,318 (2008 est.)
Manpower reaching militarily significant age annually:
males age 16-49: 72,689
females age 16-49: 70,452 (2008 est.)
Military expenditures - percent of GDP:
0.6% (2006)
Transnational Issues Nicaragua
Disputes - international:
memorials and countermemorials were filed by the parties in Nicaragua's 1999 and 2001 proceedings against Honduras and Colombia at the ICJ over the maritime boundary and territorial claims in the western Caribbean Sea, final public hearings are scheduled for 2007; the 1992 ICJ ruling for El Salvador and Honduras advised a tripartite resolution to establish a maritime boundary in the Gulf of Fonseca, which considers Honduran access to the Pacific; legal dispute over navigational rights of San Juan River on border with Costa Rica
Illicit drugs:
transshipment point for cocaine destined for the US and transshipment point for arms-for-drugs dealing
This page was last updated on 15 July, 2008
The World Factbook
Niger
Introduction Niger
Background:
Niger became independent from France in 1960 and experienced single-party and military rule until 1991, when Gen. Ali SAIBOU was forced by public pressure to allow multiparty elections, which resulted in a democratic government in 1993. Political infighting brought the government to a standstill and in 1996 led to a coup by Col. Ibrahim BARE. In 1999 BARE was killed in a coup by military officers who promptly restored democratic rule and held elections that brought Mamadou TANDJA to power in December of that year. TANDJA was reelected in 2004. Niger is one of the poorest countries in the world with minimal government services and insufficient funds to develop its resource base. The largely agrarian and subsistence-based economy is frequently disrupted by extended droughts common to the Sahel region of Africa. A predominately Tuareg ethnic group emerged in February 2007, the Nigerien Movement for Justice (MNJ), and attacked several military targets in Niger's northern region throughout 2007. Events have since evolved into a budding insurrection.
Geography Niger
Location:
Western Africa, southeast of Algeria
Geographic coordinates:
16 00 N, 8 00 E
Map references:
Africa
Area:
total: 1.267 million sq km
land: 1,266,700 sq km
water: 300 sq km
Area - comparative:
slightly less than twice the size of Texas
Land boundaries:
total: 5,697 km
border countries: Algeria 956 km, Benin 266 km, Burkina Faso 628 km, Chad 1,175 km, Libya 354 km, Mali 821 km, Nigeria 1,497 km
Coastline:
0 km (landlocked)
Maritime claims:
none (landlocked)
Climate:
desert; mostly hot, dry, dusty; tropical in extreme south
Terrain:
predominately desert plains and sand dunes; flat to rolling plains in south; hills in north
Elevation extremes:
lowest point: Niger River 200 m
highest point: Mont Bagzane 2,022 m
Natural resources:
uranium, coal, iron ore, tin, phosphates, gold, molybdenum, gypsum, salt, petroleum
Land use:
arable land: 11.43%
permanent crops: 0.01%
other: 88.56% (2005)
Irrigated land:
730 sq km (2003)
Total renewable water resources:
33.7 cu km (2003)
Freshwater withdrawal (domestic / industrial / agricultural):
total: 2.18 cu km/yr (4%/0%/95%)
per capita: 156 cu m/yr (2000)
Natural hazards:
recurring droughts
Environment - current issues:
overgrazing; soil erosion; deforestation; desertification; wildlife populations (such as elephant, hippopotamus, giraffe, and lion) threatened because of poaching and habitat destruction
Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Ozone Layer Protection, Wetlands
signed, but not ratified: Law of the Sea
Geography - note:
landlocked; one of the hottest countries in the world; northern four-fifths is desert, southern one-fifth is savanna, suitable for livestock and limited agriculture
People Niger
Population:
13,272,679 (July 2008 est.)
Age structure:
0-14 years: 47% (male 3,174,834/female 3,057,003)
15-64 years: 50.6% (male 3,450,393/female 3,267,496)
65 years and over: 2.4% (male 159,945/female 163,008) (2008 est.)
Median age:
total: 16.4 years
male: 16.5 years
female: 16.4 years (2008 est.)
Population growth rate:
2.878% (2008 est.)
Birth rate:
49.62 births/1,000 population (2008 est.)
Death rate:
20.26 deaths/1,000 population (2008 est.)
Net migration rate:
-0.57 migrant(s)/1,000 population (2008 est.)
Sex ratio:
at birth: 1.03 male(s)/female
under 15 years: 1.04 male(s)/female
15-64 years: 1.06 male(s)/female
65 years and over: 0.98 male(s)/female
total population: 1.05 male(s)/female (2008 est.)
Infant mortality rate:
total: 115.42 deaths/1,000 live births
male: 119.3 deaths/1,000 live births
female: 111.42 deaths/1,000 live births (2008 est.)
Life expectancy at birth:
total population: 44.28 years
male: 44.3 years
female: 44.26 years (2008 est.)
Total fertility rate:
7.29 children born/woman (2008 est.)
HIV/AIDS - adult prevalence rate:
1.2% (2003 est.)
HIV/AIDS - people living with HIV/AIDS:
70,000 (2003 est.)
HIV/AIDS - deaths:
4,800 (2003 est.)
Major infectious diseases:
degree of risk: very high
food or waterborne diseases: bacterial and protozoal diarrhea, hepatitis A, and typhoid fever
vectorborne disease: malaria
respiratory disease: meningococcal meningitis
note: highly pathogenic H5N1 avian influenza has been identified in this country; it poses a negligible risk with extremely rare cases possible among US citizens who have close contact with birds (2008)
Nationality:
noun: Nigerien(s)
adjective: Nigerien
Ethnic groups:
Haoussa 55.4%, Djerma Sonrai 21%, Tuareg 9.3%, Peuhl 8.5%, Kanouri Manga 4.7%, other 1.2% (2001 census)
Religions:
Muslim 80%, other (includes indigenous beliefs and Christian) 20%
Languages:
French (official), Hausa, Djerma
Literacy:
definition: age 15 and over can read and write
total population: 28.7%
male: 42.9%
female: 15.1% (2005 est.)
Government Niger
Country name:
conventional long form: Republic of Niger
conventional short form: Niger
local long form: Republique du Niger
local short form: Niger
Government type:
republic
Capital:
name: Niamey
geographic coordinates: 13 31 N, 2 07 E
time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time)
Administrative divisions:
8 regions (regions, singular - region) includes 1 capital district* (communite urbaine); Agadez, Diffa, Dosso, Maradi, Niamey*, Tahoua, Tillaberi, Zinder
Independence:
3 August 1960 (from France)
National holiday:
Republic Day, 18 December (1958)
Constitution:
new constitution adopted 18 July 1999
Legal system:
based on French civil law system and customary law; has not accepted compulsory ICJ jurisdiction
Suffrage:
18 years of age; universal
Executive branch:
chief of state: President Mamadou TANDJA (since 22 December 1999)
head of government: Prime Minister Seyni OUMAROU (since 3 June 2007); appointed by the president and shares some executive responsibilities with the president
cabinet: 26-member Cabinet appointed by the president
elections: president elected by popular vote for a five-year term (eligible for a second term); second round of election last held 4 December 2004 (next to be held December 2009)