Nicaragua vs North Macedonia: Economic Indicators Comparison

Nicaragua with a GDP of $13.1B ranked the 133rd largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Nicaragua and North Macedonia ranked 91st vs 110th and 148th vs 100th, respectively.

Gross Domestic Product & Income

StatNicaraguaNorth Macedonia
GDP$13.1B$12.7B
GDP growth, 1 year-4%2.7%
GDP growth, 5-years average3%2.6%
Population6.2M2.1M
GDP per capita$2k$6.1k
GDP per capita growth-5.02%2.62%
Purchasing Power Parity conversion factor11.5719.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.37
GDP per capita, PPP adjusted$5.7k$16k
GNI, Atlas method$13.1B$11.4B
GNI per capita$2k$5.5k
GNI, PPP adjusted$34.9B$32.6B
GNI per capita, PPP adjusted$5.4k$16k

Financial system and Human development

StatNicaraguaNorth Macedonia
Income Tax Rate30%10%
Corporate Tax Rate30%10%
Inflation, consumer prices5%1.5%
Inflation, GDP deflator3.4%4.3%
Unemployment4.5%21.6%
Economic Freedom Index57.269.5
Personal Freedom Index7.418.17
Human Freedom Index7.227.55
Property Rights Index33.562.5
Judical Effectiveness Index19.542.7
Business Freedom Index55.180.6
Fiscal Health Index87.287.7
Labor Freedom Index55.567
Investment Freedom Index6065
Financial Freedom Index5060
Trade Freedom Index75.486.2
Monetary Freedom Index71.577.7
Government Spending Index77.571
Tax Burden Index76.391.5
Government Integrity Index24.342.2
Corruption Perceptions Index2537
Life expectancy at birth, years74.175.6
Suicide mortality rate, per 100,000 people12.27.9
Mortality caused by road traffic injury, per 100,000 people15.36.4
Intentional homicides, per 100,000 people7.41.5
International tourism, number of arrivals1.3M707k

Government debt & reserves

StatNicaraguaNorth Macedonia
Central government debt, % of GDP37.2%39.5%
External debt stocks, % of GNI90.7%72%
External debt stocks$11.6B$8.7B
Short-term debt, % of total reserves60.3%40.9%
Total debt service, % of exports and primary income19%16.6%
Adjusted net savings including particulate emission damage, % of GNI14.4%15.4%
Gross savings, % of GDP23.6%33%
Gross capital formation, % of GDP22.9%33%
Total reserves including gold$2.3B$3.3B
Foreign direct investment net inflows$359.2M$648.7M

Exports, imports and economic structure

StatNicaraguaNorth Macedonia
Exports of goods and services, % of GDP42%60.3%
Imports of goods and services, % of GDP51.3%72.9%
Current account balance (balance of payments)$83M-$25.6M
Revenue excluding grants, % of GDP16.8%26.8%
Grants excluding technical cooperation, BoP$162.6M$133.8M
Personal remittances received$1.5B$344.5M
Industry including construction value added, % of GDP25.8%23.6%
Agriculture, forestry and fishing value added, % of GDP15.5%7.2%
Charges for the use of intellectual property, payments BoP$1.9M$188.8M
Charges for the use of intellectual property, receipts BoPN/A$11.8M
Expense, % of GDP16.7%27.9%
Government Expenditure, % of GDP27.4%31.1%

Compare with countries close by GDP per capita

Nicaragua vs

CountryGDP
per capita
Population
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M