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Economy of Nicaragua vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Nicaragua has a GDP of $22.2B compared to $147B for Uzbekistan, ranking 128/197 and 61/197 by economy size, respectively.

Nicaragua has $7.74B in government debt (34.8% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Nicaragua vs Uzbekistan GDP by year

Nicaragua
Uzbekistan
1x
Year GDP, current $
Nicaragua Uzbekistan
2025 $22,237,167,113 $147,038,081,129
2024 $19,696,311,850 $121,356,065,241
2023 $17,805,842,221 $107,526,539,716
2022 $15,634,573,556 $94,286,355,836
2021 $14,209,019,392 $81,170,051,811
2020 $12,726,422,432 $70,127,127,133
2019 $12,699,023,614 $70,170,662,563
2018 $13,025,221,974 $61,318,332,403
2017 $13,785,893,007 $72,276,404,058
2016 $13,286,093,388 $97,871,364,319
2015 $12,756,696,261 $97,564,568,987
2014 $11,880,438,824 $91,303,765,114
2013 $10,982,988,249 $82,674,178,352
2012 $10,532,017,232 $75,318,846,931
2011 $9,774,329,333 $67,404,618,405
2010 $8,758,602,233 $55,544,226,553
2009 $8,298,702,489 $33,689,223,673
2008 $8,496,967,597 $29,549,438,884
2007 $7,423,375,015 $22,311,393,928
2006 $6,763,672,381 $17,330,833,853
2005 $6,321,324,279 $14,307,509,839
2004 $5,792,932,838 $12,030,023,548
2003 $5,322,228,351 $10,134,453,435
2002 $5,223,727,303 $9,687,788,513
2001 $5,351,752,034 $11,401,421,329
2000 $5,109,587,050 $13,760,513,969
1999 $4,856,026,259 $17,078,465,982
1998 $4,635,347,386 $14,988,971,211
1997 $4,389,973,490 $14,744,603,774
1996 $4,308,351,903 $13,948,892,216
1995 $4,140,470,000 $13,350,461,265
1994 $3,863,185,119 $12,899,074,922
1993 $1,756,454,248 $13,099,920,056
1992 $1,792,800,000 $12,953,801,760
1991 $1,488,804,124 $13,800,167,712
1990 $1,009,455,484 $13,362,340,338
1989 $1,013,184,756 $11,948,815,258
1988 $2,630,900,096 $10,722,799,639
1987 $3,851,200,118 $8,523,160,593
1986 $2,885,799,994 -
1985 $2,683,699,935 -
1984 $3,117,599,872 -
1983 $2,753,100,058 -
1982 $2,454,499,872 -
1981 $2,474,700,227 -
1980 $2,144,300,006 -
1979 $1,567,599,982 -
1978 $2,127,699,979 -
1977 $2,226,999,874 -
1976 $1,836,899,999 -
1975 $1,581,599,959 -
1974 $1,521,400,012 -
1973 $1,092,900,015 -
1972 $878,570,045 -
1971 $828,569,953 -
1970 $778,569,939 -
1969 $750,000,003 -
1968 $692,859,985 -
1967 $657,140,011 -
1966 $607,140,010 -
1965 $564,290,020 -
1964 $347,119,918 -
1963 $297,324,163 -
1962 $269,283,804 -
1961 $244,144,237 -
1960 $227,223,322 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/nicaragua/uzbekistan | CC BY

GDP per capita in Nicaragua vs Uzbekistan by year

Nicaragua
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nicaragua Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,173 - $3,968 -
2024 $2,848 $8,709 $3,337 $11,879
2023 $2,609 $8,320 $3,016 $11,107
2022 $2,323 $7,797 $2,699 $10,293
2021 $2,138 $7,119 $2,370 $9,248
2020 $1,938 $6,274 $2,088 $8,452
2019 $1,959 $5,981 $2,129 $8,544
2018 $2,035 $5,935 $1,894 $8,129
2017 $2,183 $6,225 $2,271 $7,818
2016 $2,132 $5,882 $3,128 $6,919
2015 $2,074 $5,449 $3,173 $6,800
2014 $1,958 $5,068 $3,021 $6,610
2013 $1,835 $4,711 $2,781 $6,413
2012 $1,785 $4,508 $2,574 $6,168
2011 $1,680 $4,325 $2,339 $5,949
2010 $1,527 $4,042 $1,957 $5,505
2009 $1,467 $3,880 $1,206 $5,135
2008 $1,524 $4,044 $1,075 $4,800
2007 $1,350 $3,891 $824 $4,386
2006 $1,248 $3,658 $649 $3,956
2005 $1,183 $3,456 $543 $3,618
2004 $1,099 $3,255 $462 $3,321
2003 $1,021 $3,046 $394 $3,047
2002 $1,014 $2,948 $381 $2,902
2001 $1,052 $2,917 $454 $2,782
2000 $1,017 $2,806 $555 $2,644
1999 $980 $2,672 $698 $2,522
1998 $949 $2,497 $621 $2,418
1997 $913 $2,418 $621 $2,329
1996 $911 $2,325 $597 $2,214
1995 $892 $2,187 $583 $2,178
1994 $849 $2,064 $574 $2,197
1993 $394 $1,998 $596 $2,318
1992 $411 $2,003 $603 $2,371
1991 $350 $1,995 $658 $2,676
1990 $242.5 $1,979 $653 $2,665
1989 $249.2 - $598 -
1988 $662 - $551 -
1987 $992 - $450 -
1986 $761 - - -
1985 $724 - - -
1984 $861 - - -
1983 $780 - - -
1982 $714 - - -
1981 $740 - - -
1980 $659 - - -
1979 $495 - - -
1978 $691 - - -
1977 $744 - - -
1976 $633 - - -
1975 $561 - - -
1974 $557 - - -
1973 $413 - - -
1972 $341 - - -
1971 $331 - - -
1970 $321 - - -
1969 $319 - - -
1968 $304 - - -
1967 $297.9 - - -
1966 $284 - - -
1965 $272.3 - - -
1964 $172.7 - - -
1963 $152.5 - - -
1962 $142.3 - - -
1961 $132.9 - - -
1960 $127.5 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/nicaragua/uzbekistan | CC BY

Nicaragua's GDP per capita is $3,173, ranking 140/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Nicaragua ranks 138th at $8,709, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Nicaragua Uzbekistan
Gross domestic product
$22.2B
2025
$147B
2025
GDP rank
128/197
2025
61/197
2025
GDP growth
4.92%
2024-2025
7.7%
2024-2025
GDP per capita
$3,173
2025
$3,968
2025
GDP per capita rank
140/197
2025
134/197
2025
GDP per capita, PPP
$8,709
2024
$11,879
2024
GDP per capita PPP rank
138/197
2024
125/197
2024
Government debt
$7.74B
2025
$42B
2025
Debt-to-GDP ratio
34.8%
2025
28.6%
2025
Government debt per person
$1,104
2025
$1,134
2025
Government debt per person rank
142/185
2025
139/185
2025
Average annual personal income after taxes
$1,939
2026
$3,560
2026
Market capitalization of domestic companies n/a
$23.7B
2025
Income share by richest 10%
37.2%
2014
24.2%
2025
Income share by poorest 10%
2%
2014
2.4%
2025
Government expenditure, % of GDP
26.1%
2025
27.4%
2025
Consumer prices inflation
2.1%
2024-2025
8.8%
2024-2025
Central bank interest rate
6%
2025
14%
2025
Unemployment rate
5.2%
2018
5.29%
2020
Population
7144725
38082870

Spending and national debt comparison by year

Nicaragua
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Nicaragua Uzbekistan
Government spending Government debt Government spending Government debt
2025 26.1% 34.8% 27.4% 28.6%
2024 26.2% 37.9% 26.1% 30.9%
2023 26% 42.4% 28.6% 30.7%
2022 28.6% 45.9% 30% 29.2%
2021 30% 48.4% 26.1% 30.2%
2020 28.9% 49.2% 24.7% 31.9%
2019 27.7% 44.2% 23.4% 24.3%
2018 27.7% 39.1% 21.2% 16.7%
2017 27.3% 34.7% 19.9% 17.3%
2016 26.8% 30.9% 20.5% 7.21%
2015 25.4% 28.9% 21.7% 5.94%
2014 24.6% 28.7% 22% 5.39%
2013 24.2% 28.8% 22.3% 5.51%
2012 24.1% 27.9% 21.5% 6.06%
2011 23.5% 28.8% 21.1% 5.65%
2010 22.6% 30.3% 23.7% 5.92%
2009 22.7% 29.3% 24.7% 6.57%
2008 21.9% 26% 23.8% 7.5%
2007 21.5% 30.9% 22.4% 8.6%
2006 21.4% 51.2% 22.3% 12.2%
2005 21.3% 66.6% 25.3% 18.9%
2004 20.8% 84% 26.5% 24.2%
2003 20.9% 109.5% 28.4% 28.3%
2002 18.7% 110.4% 31.2% 37.5%
2001 19.2% 87.5% 27.6% 40.4%
2000 20.6% 95.2% 29.6% 26.5%
1999 22.1% 99.8% 30.3% 16.6%
1998 18.5% 86.5% 31.6% 16.2%
1997 17.9% 86.4% 28.7% 13.8%
1996 18% - 31.6% -
1995 17.7% - 26.5% -
1994 18.4% - 24.4% -
1993 18.4% - 35.6% -
1992 18.4% - 16.2% -
1991 16.8% - - -
1990 28.2% - - -
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 (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/nicaragua/uzbekistan | CC BY

In 2025, Nicaragua's government spending was $5.8B, accounting for 26.1% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 34.8% in Nicaragua and 28.6% in Uzbekistan, ranking 145/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Nicaragua

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Nicaragua Uzbekistan
2025 2.1% -1.66%
2024 2.25% -2.25%
2023 2.3% -3.85%
2022 0.65% -3.49%
2021 -1.26% -3.9%
2020 -2.57% -2.8%
2019 -1.12% -0.29%
2018 -4.35% 1.57%
2017 -1.75% 1.04%
2016 -1.92% 0.62%
2015 -1.64% -0.24%
2014 -0.89% 1.68%
2013 -0.3% 1.9%
2012 0.22% 5.28%
2011 0.59% 4.56%
2010 0.69% 2.29%
2009 -0.9% 1.64%
2008 0.27% 5.38%
2007 1.88% 3.2%
2006 1.36% 2.45%
2005 1.72% -3.17%
2004 1.69% -3.37%
2003 1.3% -4.39%
2002 2.07% -5.69%
2001 0.34% -2.95%
2000 2.15% -3.29%
1999 -6.86% -2.62%
1998 -2.88% -2.74%
1997 -3.31% -1.85%
1996 -5% -1.41%
1995 -4.62% -1.59%
1994 -5.79% -4.03%
1993 -4.66% -10.8%
1992 -3.8% 6.44%
1991 -3.45% -
1990 -15.2% -
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 (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/nicaragua/uzbekistan | CC BY

In 2025, Nicaragua's government surplus, the difference between spending and revenue, was $467M, equivalent to 2.1% of GDP. This compares to Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 34 years, Nicaragua recorded a fiscal deficit in 18 of those years, while Uzbekistan ran a deficit in 21 years. On average, Nicaragua posted an annual deficit equal to 0.94% of GDP, compared to deficit of 0.83% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Nicaragua

Uzbekistan
1x
Year Consumer prices inflation
Nicaragua Uzbekistan
2025 2.1% 8.8%
2024 4.6% 9.6%
2023 8.4% 10%
2022 10.5% 11.4%
2021 4.9% 10.8%
2020 3.7% 12.9%
2019 5.4% 14.5%
2018 4.9% 17.5%
2017 3.9% 13.9%
2016 3.5% 8.8%
2015 4% 8.5%
2014 6% 9.1%
2013 7.1% 11.7%
2012 7.2% 11.9%
2011 8.1% 12.4%
2010 5.5% 12.3%
2009 3.7% 12.3%
2008 19.8% 13.1%
2007 11.1% 11.2%
2006 9.1% 13.1%
2005 9.6% 10.7%
2004 8.5% 7.3%
2003 5.3% 12.5%
2002 3.8% 27.3%
2001 7.4% 27.3%
2000 11.5% 25%
1999 11.2% 29.1%
1998 13% 29%
1997 9.2% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/nicaragua/uzbekistan | CC BY

Over the past 29 years, Nicaragua has recorded an average annual inflation rate of 7.34%, compared with 16.3% in Uzbekistan. In 2025, inflation was 2.1% in Nicaragua and 8.8% in Uzbekistan.

Top exports between countries

Nicaragua
Export category Export value
Uzbekistan
Export category Export value
Wood & paper products $163K

Balance of trade

Nicaragua Uzbekistan
Current account balance
$818M
2024
-$5.78B
2025
Current account balance ranking
52/190
2024
167/190
2025
Current account balance, % of GDP
+4.15%
2024
-3.93%
2025
Goods imports
$10.1B
2024
$38.5B
2025
Goods exports
$6.84B
2024
$23B
2025
Service imports
$1.31B
2024
$13.6B
2025
Service exports
$1.3B
2024
$9.27B
2025
Imports of goods and services, % of GDP
54.9%
2025
35.4%
2025
Exports of goods and services, % of GDP
41.6%
2025
22%
2025

Economic freedom indices

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

Nicaragua Uzbekistan
Economic freedom 53.6 60.3
Economic freedom ranking 139/197 94/197
Property rights 23.8 43.1
Government integrity 13.4 32
Judicial effectiveness 8.8 13.7
Tax burden 74.5 95
Government spending 77.7 73.7
Fiscal health 96.9 79.9
Business freedom 54.4 62.5
Labor freedom 47.3 48.4
Monetary freedom 69.4 65.1
Trade freedom 67 80.6
Investment freedom 60 70
Financial freedom 50 60

Economic freedom comparison by year

Nicaragua
Uzbekistan
1x
Year Economic freedom index
Nicaragua Uzbekistan
2026 53.6 60.3
2025 54 58
2024 53.4 55.9
2023 54.9 56.5
2022 54.8 55.7
2021 56.3 58.3
2020 57.2 57.2
2019 57.7 53.3
2018 58.9 51.5
2017 59.2 52.3
2016 58.6 46
2015 57.6 47
2014 58.4 46.5
2013 56.6 46
2012 57.9 45.8
2011 58.8 45.8
2010 58.3 47.5
2009 59.8 50.5
2008 60.8 51.9
2007 62.7 51.5
2006 63.8 48.7
2005 62.5 45.8
2004 61.4 39.1
2003 62.6 38.3
2002 61.1 38.5
2001 58 38.2
2000 56.9 38.1
1999 54 33.8
1998 53.8 31.5
1997 53.3 -
1996 54.1 -
1995 42.5 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/nicaragua/uzbekistan | CC BY

The Economic Freedom Index for Nicaragua is 53.6, ranking 139/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Nicaragua Uzbekistan
Services, % of GDP
45.2%
2025
46.5%
2025
Industry, % of GDP
29.3%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
14.5%
2025
16.6%
2025
GNI, Atlas method
$19.9B
2025
$136B
2025
GNI per capita, PPP
$8,780
2025
$13,640
2025
Total reserves including gold
$8.32B
2025
$41.2B
2024
Total reserves ranking
87/177
2025
53/177
2024
Net foreign direct investment
-$1.28B
2024
-$4.24B
2025
Net inflows of foreign direct investment
$1.35B
2024
$2.97B
2024
Net outflows of foreign direct investment
$73.8M
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
9.74%
2024
9.37%
2024
Poverty at national poverty lines
24.9%
2016
5.8%
2025
Gross capital formation, % of GDP
25.8%
2025
33.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/nicaragua/uzbekistan | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2023, retrieved 2026-07-08)

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.