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Economy of Nicaragua vs Yemen compared: GDP & Debt

Updated on by Georank team

Nicaragua has a GDP of $19.7B compared to $21.6B for Yemen, ranking 131/197 and 125/197 by economy size, respectively.

Nicaragua has $7.71B in government debt (39.1% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Nicaragua vs Yemen GDP by year

Nicaragua
Yemen
1x
Year GDP, current $
Nicaragua Yemen
2024 $19,693,982,968 -
2023 $17,805,842,284 -
2022 $15,634,572,502 -
2021 $14,209,020,362 -
2020 $12,726,422,432 -
2019 $12,699,023,614 -
2018 $13,025,221,974 $21,606,160,663
2017 $13,785,893,007 $26,842,229,045
2016 $13,286,093,388 $31,317,825,274
2015 $12,756,696,261 $42,444,490,074
2014 $11,880,438,824 $43,228,585,321
2013 $10,982,988,249 $40,415,233,436
2012 $10,532,017,232 $35,401,331,610
2011 $9,774,329,333 $32,726,417,878
2010 $8,758,602,233 $30,906,749,533
2009 $8,298,702,489 $25,130,278,213
2008 $8,496,967,597 $26,910,855,807
2007 $7,423,375,015 $21,650,528,674
2006 $6,763,672,381 $19,063,143,370
2005 $6,321,324,279 $16,731,566,717
2004 $5,792,932,838 $13,867,634,371
2003 $5,322,228,351 $11,777,532,662
2002 $5,223,727,303 $10,693,430,511
2001 $5,351,752,034 $9,852,990,693
2000 $5,109,587,050 $9,679,316,770
1999 $4,856,026,259 $7,639,325,296
1998 $4,635,347,386 $6,322,175,566
1997 $4,389,973,490 $6,838,298,531
1996 $4,308,351,903 $6,496,163,616
1995 $4,140,470,000 $12,796,345,679
1994 $3,863,185,119 $28,019,483,764
1993 $1,756,454,248 $21,736,802,664
1992 $1,792,800,000 $17,959,367,194
1991 $1,488,804,124 $14,665,445,462
1990 $1,009,455,484 $12,643,821,569
1989 $1,013,184,756 -
1988 $2,630,900,096 -
1987 $3,851,200,118 -
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Nicaragua vs Yemen by year

Nicaragua
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nicaragua Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,848 $8,709 - -
2023 $2,609 $8,320 - -
2022 $2,323 $7,797 - -
2021 $2,138 $7,119 - -
2020 $1,938 $6,274 - -
2019 $1,959 $5,981 - -
2018 $2,035 $5,935 $634 -
2017 $2,183 $6,225 $811 -
2016 $2,132 $5,882 $975 -
2015 $2,074 $5,449 $1,362 -
2014 $1,958 $5,068 $1,430 -
2013 $1,835 $4,711 $1,379 $3,164
2012 $1,785 $4,508 $1,245 $3,005
2011 $1,680 $4,325 $1,186 $3,113
2010 $1,527 $4,042 $1,155 $3,603
2009 $1,467 $3,880 $969 $3,411
2008 $1,524 $4,044 $1,072 $3,370
2007 $1,350 $3,891 $890 $3,294
2006 $1,248 $3,658 $810 $3,205
2005 $1,183 $3,456 $734 $3,113
2004 $1,099 $3,255 $628 $2,949
2003 $1,021 $3,046 $549 $2,844
2002 $1,014 $2,948 $513 $2,768
2001 $1,052 $2,917 $487 $2,702
2000 $1,017 $2,806 $493 $2,624
1999 $980 $2,672 $401 $2,492
1998 $949 $2,497 $343 $2,442
1997 $913 $2,418 $383 $2,351
1996 $911 $2,325 $375 $2,268
1995 $892 $2,187 $764 $2,201
1994 $849 $2,064 $1,735 $2,115
1993 $394 $1,998 $1,397 $2,013
1992 $411 $2,003 $1,198 $1,963
1991 $350 $1,995 $1,016 $1,843
1990 $242.5 $1,979 $910 $1,742
1989 $249.2 - - -
1988 $662 - - -
1987 $992 - - -
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 (1960–2024, retrieved 2026-04-06).

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

Nicaragua's GDP per capita is $2,848, ranking 141/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Nicaragua ranks 138th at $8,709, while Yemen ranks 178th at $3,164.

Economic indicators

Nicaragua Yemen
Gross domestic product
$19.7B
2024
$21.6B
2018
GDP rank
131/197
2024
125/197
2018
GDP growth
3.59%
2023-2024
0.75%
2017-2018
GDP per capita
$2,848
2024
$634
2018
GDP per capita rank
141/197
2024
191/197
2018
GDP per capita, PPP
$8,709
2024
$3,164
2013
GDP per capita PPP rank
138/197
2024
178/197
2013
Government debt
$7.71B
2024
$18.8B
2018
Debt-to-GDP ratio
39.1%
2024
70.9%
2024
Government debt per person
$1,115
2024
$551
2018
Government debt per person rank
138/185
2024
165/185
2018
Average annual personal income after taxes
$2,318
2026
$1,127
2026
Income share by richest 10%
37.2%
2014
29.4%
2014
Income share by poorest 10%
2%
2014
3%
2014
Government expenditure, % of GDP
27.1%
2024
8.91%
2024
Consumer prices inflation
4.6%
2023-2024
33.9%
2023-2024
Central bank interest rate
6%
2025
n/a
Unemployment rate
5.2%
2018
13.5%
2014
Population
7124343
43325643

Spending and national debt comparison by year

Nicaragua
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Nicaragua Yemen
Government spending Government debt Government spending Government debt
2024 27.1% 39.1% 8.91% 70.9%
2023 26% 42.3% 11.8% 77.9%
2022 28.6% 45.9% 12.2% 65.3%
2021 30% 48.4% 8.22% 75.9%
2020 28.9% 49.2% 10.6% 87%
2019 27.7% 44.2% 13.2% 91.5%
2018 27.7% 39.1% 14.3% 86.9%
2017 27.3% 34.7% 8.39% 83.8%
2016 26.8% 30.9% 16.1% 76.5%
2015 25.4% 28.9% 19.4% 57.7%
2014 24.6% 28.7% 27.8% 48.9%
2013 24.2% 28.8% 30.8% 48.4%
2012 24.1% 27.9% 36.2% 47.6%
2011 23.5% 28.8% 29.8% 45.7%
2010 22.6% 30.3% 30.2% 42.4%
2009 22.7% 29.3% 35.2% 49.8%
2008 21.9% 26% 41.2% 36.4%
2007 21.5% 30.9% 40.3% 40.4%
2006 21.4% 51.2% 37.4% 40.8%
2005 21.3% 66.6% 36.8% 43.8%
2004 20.8% 84% 34.2% 52.1%
2003 20.9% 109.5% 35.3% 56.8%
2002 18.7% 110.4% 30.8% 57.8%
2001 19.2% 87.5% 30.5% 60.6%
2000 20.6% 95.2% 31.7% 60.8%
1999 22.1% 99.8% 28.2% 96.1%
1998 18.5% 86.5% 34.3% 110.6%
1997 17.9% 86.4% 34.2% 74.2%
1996 18% - 30.7% 114.9%
1995 17.7% - 24.1% 84.1%
1994 18.4% - 25.2% 73.3%
1993 18.4% - 25.8% 76.7%
1992 18.4% - 24.6% 78%
1991 16.8% - 24.7% 82.7%
1990 28.2% - 26.6% 91.6%
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/yemen | CC BY

In 2024, Nicaragua's government spending was $5.34B, accounting for 27.1% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 39.1% in Nicaragua and 70.9% in Yemen, ranking 136/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Nicaragua

Yemen
1x
Year Deficit/surplus, % of GDP
Nicaragua Yemen
2024 2.48% -2.48%
2023 2.31% -5.63%
2022 0.65% -2.15%
2021 -1.26% -0.89%
2020 -2.57% -4.3%
2019 -1.12% -5.89%
2018 -4.35% -7.85%
2017 -1.75% -4.9%
2016 -1.92% -8.51%
2015 -1.64% -8.75%
2014 -0.89% -4.14%
2013 -0.3% -6.9%
2012 0.22% -6.32%
2011 0.59% -4.51%
2010 0.69% -4.06%
2009 -0.9% -10.2%
2008 0.27% -4.53%
2007 1.88% -7.18%
2006 1.36% 1.19%
2005 1.72% -1.82%
2004 1.69% -2.15%
2003 1.3% -4.2%
2002 2.07% -0.56%
2001 0.34% 2.79%
2000 2.15% 6.09%
1999 -6.86% 0.06%
1998 -2.88% -7.77%
1997 -3.31% -1.5%
1996 -5% -0.92%
1995 -4.62% -5.74%
1994 -5.79% -14%
1993 -4.66% -12.8%
1992 -3.8% -10.9%
1991 -3.45% -5.76%
1990 -15.2% -10.3%
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/yemen | CC BY

In 2018, Nicaragua's government deficit, the difference between spending and revenue, was $566M, equivalent to 4.35% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Nicaragua recorded a fiscal deficit in 17 of those years, while Yemen ran a deficit in 25 years. On average, Nicaragua posted an annual deficit equal to 1.83% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Nicaragua

Yemen
1x
Year Consumer prices inflation
Nicaragua Yemen
2024 4.6% 33.9%
2023 8.4% 0.9%
2022 10.5% 29.5%
2021 4.9% 31.5%
2020 3.7% 21.7%
2019 5.4% 15.7%
2018 4.9% 33.6%
2017 3.9% 30.4%
2016 3.5% 21.3%
2015 4% 22%
2014 6% 8.2%
2013 7.1% 11%
2012 7.2% 9.9%
2011 8.1% 19.5%
2010 5.5% 11.2%
2009 3.7% 3.7%
2008 19.8% 19%
2007 11.1% 7.9%
2006 9.1% 10.8%
2005 9.6% 9.9%
2004 8.5% 12.5%
2003 5.3% 10.8%
2002 3.8% 12.2%
2001 7.4% 11.9%
2000 11.5% 11%
1999 11.2% 7.9%
1998 13% 11.5%
1997 9.2% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 28 years, Nicaragua has recorded an average annual inflation rate of 7.53%, compared with 15.5% in Yemen. In 2024, inflation was 4.6% in Nicaragua and 33.9% in Yemen.

Balance of trade

Nicaragua Yemen
Current account balance
$818M
2024
-$2.42B
2016
Current account balance ranking
55/190
2024
148/190
2016
Current account balance, % of GDP
+4.15%
2024
-7.72%
2016
Goods imports
$10.1B
2024
$6.8B
2016
Goods exports
$6.84B
2024
$473M
2016
Service imports
$1.31B
2024
$1.46B
2016
Service exports
$1.3B
2024
$466M
2016
Imports of goods and services, % of GDP
58.1%
2024
47.3%
2018
Exports of goods and services, % of GDP
40.5%
2024
8.76%
2018

Economic freedom indices

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

Nicaragua Yemen
Economic freedom 53.6 53.7
Economic freedom ranking 139/197 138/197
Property rights 23.8 3.5
Government integrity 13.4 6.2
Judicial effectiveness 8.8 9.9
Tax burden 74.5 93.7
Government spending 77.7 0
Fiscal health 96.9 71.2
Business freedom 54.4 31.3
Labor freedom 47.3 31.2
Monetary freedom 69.4 48.1
Trade freedom 67 67.4
Investment freedom 60 50
Financial freedom 50 30

Economic freedom comparison by year

Nicaragua
Yemen
1x
Year Economic freedom index
Nicaragua Yemen
2026 53.6 -
2025 54 -
2024 53.4 -
2023 54.9 -
2022 54.8 -
2021 56.3 -
2020 57.2 -
2019 57.7 -
2018 58.9 -
2017 59.2 -
2016 58.6 -
2015 57.6 53.7
2014 58.4 55.5
2013 56.6 55.9
2012 57.9 55.3
2011 58.8 54.2
2010 58.3 54.4
2009 59.8 56.9
2008 60.8 53.8
2007 62.7 54.1
2006 63.8 52.6
2005 62.5 53.8
2004 61.4 50.5
2003 62.6 50.3
2002 61.1 48.6
2001 58 44.3
2000 56.9 44.5
1999 54 43.3
1998 53.8 46.1
1997 53.3 48.4
1996 54.1 49.6
1995 42.5 49.8

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

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

The Economic Freedom Index for Nicaragua is 53.6, ranking 139/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Nicaragua Yemen
Services, % of GDP
46.8%
2024
41.8%
2018
Industry, % of GDP
27.6%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
14.4%
2024
28.7%
2018
GNI, Atlas method
$17.4B
2024
$25.3B
2018
GNI per capita, PPP
$8,270
2024
$3,020
2013
Total reserves including gold
$6.1B
2024
$1.25B
2022
Total reserves ranking
91/177
2024
139/177
2022
Net foreign direct investment
-$1.28B
2024
$15.4M
2015
Net inflows of foreign direct investment
$1.35B
2024
-$371M
2019
Net outflows of foreign direct investment
$73.8M
2024
$0
2024
Servicing debt to the IMF, % of GNI
9.74%
2024
0.53%
2018
Poverty at national poverty lines
24.9%
2016
48.6%
2014
Gross capital formation, % of GDP
24.7%
2024
6.18%
2018

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/yemen | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.