Nicaragua

Names: conventional long form: Republic of Nicaragua conventional short form: Nicaragua local long form: Republica de Nicaragua local short form: Nicaragua

Capital City: Managua

Population: 5,570,129 (July 2006 est.)

GDP Per Capita: $3,000 (2006 est.)

Currency: gold cordoba (NIO)

Languages: Spanish 97.5% (official), Miskito 1.7%, other 0.8% (1995 census) note: English and indigenous languages on Atlantic coast

Total Area: total: 129,494 sq km land: 120,254 sq km water: 9,240 sq km slightly smaller than the state of New York

Region: North America

Industries: food processing, chemicals, machinery and metal products, textiles, clothing, petroleum refining and distribution, beverages, footwear, wood

Agriculture: coffee, bananas, sugarcane, cotton, rice, corn, tobacco, sesame, soya, beans; beef, veal, pork, poultry, dairy products; shrimp, lobsters

Resources: gold, silver, copper, tungsten, lead, zinc, timber, fish

Labor Force: 2.261 million (2006 est.)
agriculture: 30.5% industry: 17.3% services: 52.2% (2003 est.)

Exports: $1.714 billion f.o.b.; note - includes free trade zones (2006 est.)
coffee, beef, shrimp and lobster, tobacco, sugar, gold, peanuts

Imports: $3.202 billion f.o.b. (2006 est.)
consumer goods, machinery and equipment, raw materials, petroleum products

Overview: Nicaragua, the second poorest country in the Western Hemisphere, has low per capita income and widespread underemployment. Distribution of income is one of the most unequal on the globe. While the country has progressed toward macroeconomic stability in the past few years, GDP annual 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. Nicaragua qualified in early 2004 for some $4.5 billion in foreign debt reduction under the Heavily Indebted Poor Countries (HIPC) initiative and in November 2006 obtained over $800 million in debt relief from the Inter-American Development Bank. In October 2005, Nicaragua ratified the US-Central America Free Trade Agreement (CAFTA), which will provide an opportunity for Nicaragua to attract investment, create jobs, and deepen economic development. Energy shortages, however, are a serious bottleneck to growth.

CIA World Book

In 2007 Missouri exported $1,754,000 in goods to Nicaragua. This ranks Nicaragua 77th among the 223 international buyers of Missouri goods. Missouri exports to Nicaragua decreased from the previous year by $1,290,490 a change of -42.39%. State exports to Nicaragua have increased over the last 5 years by $1,262,364 a change of 256.77%. Missouri exports account for .01%. of all 2007 US exports to Nicaragua.



NAICS Industry Annual
2002 2003 2004 2005 2006 2007
000 - Total All Industries MO 491,636 407,714 822,266 1,297,831 3,044,490 1,754,000
000 - Total All Industries US 437,633,601 502,826,151 591,704,850 619,840,444 755,170,187 890,346,024
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