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Economy of Nicaragua vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Nicaragua has a GDP of $19.7B compared to $99B for Sri Lanka, ranking 131/197 and 72/197 by economy size, respectively.

Nicaragua has $7.71B in government debt (39.1% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Nicaragua vs Sri Lanka GDP by year

Nicaragua
Sri Lanka
1x
Year GDP, current $
Nicaragua Sri Lanka
2024 $19,693,982,968 $98,963,185,510
2023 $17,805,842,284 $83,716,142,582
2022 $15,634,572,502 $74,143,020,263
2021 $14,209,020,362 $88,556,698,938
2020 $12,726,422,432 $84,335,574,582
2019 $12,699,023,614 $88,998,706,297
2018 $13,025,221,974 $94,450,015,983
2017 $13,785,893,007 $94,369,350,286
2016 $13,286,093,388 $88,000,211,172
2015 $12,756,696,261 $85,090,301,052
2014 $11,880,438,824 $82,531,125,191
2013 $10,982,988,249 $76,976,203,829
2012 $10,532,017,232 $70,447,217,164
2011 $9,774,329,333 $67,753,285,897
2010 $8,758,602,233 $58,636,049,434
2009 $8,298,702,489 $42,066,224,093
2008 $8,496,967,597 $40,713,826,215
2007 $7,423,375,015 $32,350,238,760
2006 $6,763,672,381 $28,267,410,543
2005 $6,321,324,279 $24,405,791,045
2004 $5,792,932,838 $20,662,525,941
2003 $5,322,228,351 $18,881,765,437
2002 $5,223,727,303 $16,536,535,647
2001 $5,351,752,034 $15,749,753,805
2000 $5,109,587,050 $16,595,882,819
1999 $4,856,026,259 $15,711,933,513
1998 $4,635,347,386 $15,760,736,956
1997 $4,389,973,490 $15,091,913,884
1996 $4,308,351,903 $13,897,738,375
1995 $4,140,470,000 $13,029,697,561
1994 $3,863,185,119 $11,717,604,209
1993 $1,756,454,248 $10,338,679,636
1992 $1,792,800,000 $9,703,011,636
1991 $1,488,804,124 $9,000,362,582
1990 $1,009,455,484 $8,032,551,173
1989 $1,013,184,756 $6,987,267,684
1988 $2,630,900,096 $6,978,371,581
1987 $3,851,200,118 $6,682,167,120
1986 $2,885,799,994 $6,405,210,564
1985 $2,683,699,935 $5,978,460,972
1984 $3,117,599,872 $6,043,474,843
1983 $2,753,100,058 $5,167,913,302
1982 $2,454,499,872 $4,768,765,017
1981 $2,474,700,227 $4,415,844,156
1980 $2,144,300,006 $4,024,621,900
1979 $1,567,599,982 $3,364,611,432
1978 $2,127,699,979 $2,733,183,857
1977 $2,226,999,874 $4,104,509,583
1976 $1,836,899,999 $3,591,319,857
1975 $1,581,599,959 $3,791,298,146
1974 $1,521,400,012 $3,574,586,466
1973 $1,092,900,015 $2,875,625,000
1972 $878,570,045 $2,553,936,348
1971 $828,569,953 $2,369,308,600
1970 $778,569,939 $2,296,470,588
1969 $750,000,003 $1,965,546,218
1968 $692,859,985 $1,801,344,538
1967 $657,140,011 $1,859,465,021
1966 $607,140,010 $1,751,470,588
1965 $564,290,020 $1,698,319,328
1964 $347,119,918 $1,309,747,899
1963 $297,324,163 $1,240,672,269
1962 $269,283,804 $1,434,156,379
1961 $244,144,237 $1,444,327,731
1960 $227,223,322 $1,409,873,950

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/nicaragua/sri-lanka | CC BY

GDP per capita in Nicaragua vs Sri Lanka by year

Nicaragua
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nicaragua Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,848 $8,709 $4,516 $15,633
2023 $2,609 $8,320 $3,799 $14,456
2022 $2,323 $7,797 $3,343 $14,194
2021 $2,138 $7,119 $3,997 $14,316
2020 $1,938 $6,274 $3,848 $12,941
2019 $1,959 $5,981 $4,082 $14,113
2018 $2,035 $5,935 $4,359 $14,178
2017 $2,183 $6,225 $4,399 $13,610
2016 $2,132 $5,882 $4,149 $13,079
2015 $2,074 $5,449 $4,058 $12,227
2014 $1,958 $5,068 $3,972 $11,721
2013 $1,835 $4,711 $3,739 $11,253
2012 $1,785 $4,508 $3,328 $10,249
2011 $1,680 $4,325 $3,225 $9,076
2010 $1,527 $4,042 $2,808 $8,234
2009 $1,467 $3,880 $2,027 $7,576
2008 $1,524 $4,044 $1,974 $7,317
2007 $1,350 $3,891 $1,579 $6,820
2006 $1,248 $3,658 $1,389 $6,261
2005 $1,183 $3,456 $1,207 $5,679
2004 $1,099 $3,255 $1,029 $5,216
2003 $1,021 $3,046 $946 $4,850
2002 $1,014 $2,948 $835 $4,522
2001 $1,052 $2,917 $804 $4,328
2000 $1,017 $2,806 $860 $4,368
1999 $980 $2,672 $829 $4,103
1998 $949 $2,497 $848 $3,952
1997 $913 $2,418 $827 $3,804
1996 $911 $2,325 $776 $3,582
1995 $892 $2,187 $742 $3,454
1994 $849 $2,064 $678 $3,260
1993 $394 $1,998 $607 $3,067
1992 $411 $2,003 $580 $2,851
1991 $350 $1,995 $546 $2,713
1990 $242.5 $1,979 $491 $2,527
1989 $249.2 - $430 -
1988 $662 - $434 -
1987 $992 - $420 -
1986 $761 - $407 -
1985 $724 - $385 -
1984 $861 - $391 -
1983 $780 - $336 -
1982 $714 - $312 -
1981 $740 - $292.5 -
1980 $659 - $271.1 -
1979 $495 - $230.8 -
1978 $691 - $191 -
1977 $744 - $292.1 -
1976 $633 - $260.3 -
1975 $561 - $279.8 -
1974 $557 - $268.7 -
1973 $413 - $220.2 -
1972 $341 - $199.4 -
1971 $331 - $188.8 -
1970 $321 - $186.9 -
1969 $319 - $163.6 -
1968 $304 - $153.5 -
1967 $297.9 - $162.3 -
1966 $284 - $156.6 -
1965 $272.3 - $155.6 -
1964 $172.7 - $122.9 -
1963 $152.5 - $119.4 -
1962 $142.3 - $141.4 -
1961 $132.9 - $145.9 -
1960 $127.5 - $145.9 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/nicaragua/sri-lanka | CC BY

Nicaragua's GDP per capita is $2,848, ranking 141/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Nicaragua ranks 138th at $8,709, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Nicaragua Sri Lanka
Gross domestic product
$19.7B
2024
$99B
2024
GDP rank
131/197
2024
72/197
2024
GDP growth
3.59%
2023-2024
5.01%
2023-2024
GDP per capita
$2,848
2024
$4,516
2024
GDP per capita rank
141/197
2024
124/197
2024
GDP per capita, PPP
$8,709
2024
$15,633
2024
GDP per capita PPP rank
138/197
2024
111/197
2024
Government debt
$7.71B
2024
$99.8B
2024
Debt-to-GDP ratio
39.1%
2024
100.8%
2024
Government debt per person
$1,115
2024
$4,554
2024
Government debt per person rank
138/185
2024
85/185
2024
Average annual personal income after taxes
$2,318
2026
$2,874
2026
Market capitalization of domestic companies n/a
$19.5B
2024
Income share by richest 10%
37.2%
2014
30.8%
2019
Income share by poorest 10%
2%
2014
3.1%
2019
Government expenditure, % of GDP
27.1%
2024
19.3%
2024
Consumer prices inflation
4.6%
2023-2024
-0.43%
2023-2024
Central bank interest rate
6%
2025
7.75%
2025
Unemployment rate
5.2%
2018
4.67%
2023
Population
7124343
22185425

Spending and national debt comparison by year

Nicaragua
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Nicaragua Sri Lanka
Government spending Government debt Government spending Government debt
2024 27.1% 39.1% 19.3% 100.8%
2023 26% 42.3% 19.5% 110.4%
2022 28.6% 45.9% 18.6% 115.9%
2021 30% 48.4% 20% 102.7%
2020 28.9% 49.2% 22.1% 96.9%
2019 27.7% 44.2% 19.5% 82.6%
2018 27.7% 39.1% 17.5% 83.6%
2017 27.3% 34.7% 17.9% 72.3%
2016 26.8% 30.9% 18.2% 75%
2015 25.4% 28.9% 19.3% 76.3%
2014 24.6% 28.7% 17.2% 69.6%
2013 24.2% 28.8% 16.6% 69.5%
2012 24.1% 27.9% 17.3% 67.5%
2011 23.5% 28.8% 19.1% 69.4%
2010 22.6% 30.3% 19.3% 68.7%
2009 22.7% 29.3% 21% 72.8%
2008 21.9% 26% 19.1% 68.8%
2007 21.5% 30.9% 19.9% 71.8%
2006 21.4% 51.2% 20.5% 74.3%
2005 21.3% 66.6% 20.1% 76.6%
2004 20.8% 84% 19.3% 86.5%
2003 20.9% 109.5% 19.3% 86.5%
2002 18.7% 110.4% 20.8% 96.3%
2001 19.2% 87.5% 22.4% 84.4%
2000 20.6% 95.2% 21.7% 79.2%
1999 22.1% 99.8% 20.5% 77.7%
1998 18.5% 86.5% 21.4% 74.2%
1997 17.9% 86.4% 21.4% 70.1%
1996 18% - 23.1% 76.2%
1995 17.7% - 24.8% 77.8%
1994 18.4% - 24.1% 77.9%
1993 18.4% - 23.2% 79.2%
1992 18.4% - 23% 77.9%
1991 16.8% - 26.4% 80.5%
1990 28.2% - 25.4% 78.9%
1989 - - - -
1988 24.8% - - -
1987 - 266.6% - -
1986 26.1% 159.2% - -
1985 29.9% 218% - -
1984 31.9% 198% - -
1983 33.8% 211.6% - -
1982 49.4% 159.1% - -
1981 39.3% 149.1% - -
1980 30.4% 152.1% - -
1979 20.7% 116.3% - -
1978 17.7% 76.9% - -
1977 19.9% 62.7% - -
1976 16.2% 59.5% - -
1975 17.5% 57.8% - -
1974 15.3% 40% - -
1973 12.8% 32.9% - -
1972 15.1% 30.2% - -
1971 15.1% 31.6% - -
1970 13.2% 35.4% - -
1969 11.1% - - -
1968 10.9% - - -
1967 12.7% - - -
1966 12.2% - - -
1965 10.9% - - -
1964 10.2% - - -
1963 10.5% - - -
1962 10.6% - - -
1961 9.93% - - -
1960 11.2% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/nicaragua/sri-lanka | CC BY

In 2024, Nicaragua's government spending was $5.34B, accounting for 27.1% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 39.1% in Nicaragua and 100.8% in Sri Lanka, ranking 136/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Nicaragua

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Nicaragua Sri Lanka
2024 2.48% -5.64%
2023 2.31% -8.32%
2022 0.65% -10.2%
2021 -1.26% -11.7%
2020 -2.57% -13.4%
2019 -1.12% -7.52%
2018 -4.35% -4.96%
2017 -1.75% -5.1%
2016 -1.92% -5%
2015 -1.64% -6.64%
2014 -0.89% -5.99%
2013 -0.3% -5%
2012 0.22% -5.44%
2011 0.59% -6.01%
2010 0.69% -6.73%
2009 -0.9% -8.33%
2008 0.27% -5.93%
2007 1.88% -5.81%
2006 1.36% -5.91%
2005 1.72% -5.93%
2004 1.69% -6.32%
2003 1.3% -6.15%
2002 2.07% -6.9%
2001 0.34% -8.48%
2000 2.15% -7.78%
1999 -6.86% -5.58%
1998 -2.88% -6.79%
1997 -3.31% -5.71%
1996 -5% -6.89%
1995 -4.62% -7.11%
1994 -5.79% -7.41%
1993 -4.66% -5.77%
1992 -3.8% -4.95%
1991 -3.45% -7.97%
1990 -15.2% -6.39%
1989 - -
1988 -22.4% -
1987 - -
1986 -7.33% -
1985 -11.3% -
1984 -11.8% -
1983 -15.6% -
1982 -20.2% -
1981 -10.6% -
1980 -6.53% -
1979 -5.89% -
1978 -4.44% -
1977 -5.91% -
1976 -2.2% -
1975 -3.53% -
1974 -1.41% -
1973 1.21% -
1972 -2.61% -
1971 -2.33% -
1970 -2.69% -
1969 -1.57% -
1968 -1.21% -
1967 -2.11% -
1966 -1.04% -
1965 0.3% -
1964 0.2% -
1963 0.75% -
1962 -0.29% -
1961 0.04% -
1960 -1.28% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/nicaragua/sri-lanka | CC BY

In 2024, Nicaragua's government surplus, the difference between spending and revenue, was $489M, equivalent to 2.48% of GDP. This compares to Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 35 years, Nicaragua recorded a fiscal deficit in 20 of those years, while Sri Lanka ran a deficit in 35 years. On average, Nicaragua posted an annual deficit equal to 1.5% of GDP, compared to deficit of 6.85% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Nicaragua

Sri Lanka
1x
Year Consumer prices inflation
Nicaragua Sri Lanka
2024 4.6% -0.43%
2023 8.4% 16.5%
2022 10.5% 49.7%
2021 4.9% 7.01%
2020 3.7% 6.15%
2019 5.4% 3.53%
2018 4.9% 2.14%
2017 3.9% 7.7%
2016 3.5% 3.96%
2015 4% 3.77%
2014 6% 3.18%
2013 7.1% 6.91%
2012 7.2% 7.54%
2011 8.1% 6.72%
2010 5.5% 6.22%
2009 3.7% 3.46%
2008 19.8% 22.6%
2007 11.1% 15.8%
2006 9.1% 10%
2005 9.6% 11.6%
2004 8.5% 7.58%
2003 5.3% 6.31%
2002 3.8% 9.55%
2001 7.4% 14.2%
2000 11.5% 6.18%
1999 11.2% 4.69%
1998 13% 9.36%
1997 9.2% 9.57%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/nicaragua/sri-lanka | CC BY

Over the past 28 years, Nicaragua has recorded an average annual inflation rate of 7.53%, compared with 9.34% in Sri Lanka. In 2024, inflation was 4.6% in Nicaragua and -0.43% in Sri Lanka.

Top exports between countries

Nicaragua
Export category Export value
Textiles & consumer goods $202K
Sri Lanka
Export category Export value
Raw agricultural goods $2.84M
Processed food, beverages & tobacco $838K
Chemicals & pharma $46K
Textiles & consumer goods $29K
Raw materials & minerals $21K
Machinery & equipment $19K

Balance of trade

Nicaragua Sri Lanka
Current account balance
$818M
2024
$1.21B
2024
Current account balance ranking
55/190
2024
53/190
2024
Current account balance, % of GDP
+4.15%
2024
+1.22%
2024
Goods imports
$10.1B
2024
$18.8B
2024
Goods exports
$6.84B
2024
$12.8B
2024
Service imports
$1.31B
2024
$3.48B
2024
Service exports
$1.3B
2024
$6.91B
2024
Imports of goods and services, % of GDP
58.1%
2024
22.5%
2024
Exports of goods and services, % of GDP
40.5%
2024
19.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Nicaragua Sri Lanka
Economic freedom 53.6 50.3
Economic freedom ranking 139/197 162/197
Property rights 23.8 47.3
Government integrity 13.4 37.3
Judicial effectiveness 8.8 47.2
Tax burden 74.5 77
Government spending 77.7 89
Fiscal health 96.9 0
Business freedom 54.4 60.1
Labor freedom 47.3 54.3
Monetary freedom 69.4 65.9
Trade freedom 67 65.6
Investment freedom 60 30
Financial freedom 50 30

Economic freedom comparison by year

Nicaragua
Sri Lanka
1x
Year Economic freedom index
Nicaragua Sri Lanka
2026 53.6 50.3
2025 54 49.4
2024 53.4 49.2
2023 54.9 52.2
2022 54.8 53.3
2021 56.3 55.7
2020 57.2 57.4
2019 57.7 56.4
2018 58.9 57.8
2017 59.2 57.4
2016 58.6 59.9
2015 57.6 58.6
2014 58.4 60
2013 56.6 60.7
2012 57.9 58.3
2011 58.8 57.1
2010 58.3 54.6
2009 59.8 56
2008 60.8 58.4
2007 62.7 59.4
2006 63.8 58.7
2005 62.5 61
2004 61.4 61.6
2003 62.6 62.5
2002 61.1 64
2001 58 66
2000 56.9 63.2
1999 54 64
1998 53.8 64.6
1997 53.3 65.5
1996 54.1 62.5
1995 42.5 60.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/nicaragua/sri-lanka | CC BY

The Economic Freedom Index for Nicaragua is 53.6, ranking 139/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Nicaragua Sri Lanka
Services, % of GDP
46.8%
2024
57.5%
2024
Industry, % of GDP
27.6%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
14.4%
2024
8.3%
2024
GNI, Atlas method
$17.4B
2024
$84.6B
2024
GNI per capita, PPP
$8,270
2024
$15,240
2024
Total reserves including gold
$6.1B
2024
$6.09B
2024
Total reserves ranking
91/177
2024
92/177
2024
Net foreign direct investment
-$1.28B
2024
-$651M
2024
Net inflows of foreign direct investment
$1.35B
2024
$761M
2024
Net outflows of foreign direct investment
$73.8M
2024
$110M
2024
Servicing debt to the IMF, % of GNI
9.74%
2024
4.98%
2024
Poverty at national poverty lines
24.9%
2016
14.3%
2019
Gross capital formation, % of GDP
24.7%
2024
27%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/nicaragua/sri-lanka | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.