After independence in the 19th century Nicaragua emerged as a country with a ruling elite of European stock who controlled the economy and a large disenfranchised indigenous population. In the 19th century it was the preferred route to cross the isthmus before the Panama canal and it also became a coffee exporter.
Up to the Sandinista Revolution in 1979 Nicaragua followed the typical pattern for the region. From 1936 to 1979 the country was controlled by members of the Somoza family who were aligned with landed interests. The Sandinista victory in 1979 marked a watershed for the country but ushered in a decade of war.
All of the wars in Central America were interconnected. The Sandinista Revolution was seen as a model for the downtrodden throughout the Isthmus but was resisted by the US following a Cold War logic. Pressure on the Sandinistas by the US forced them to seek support from Cuba and the Soviet Union.
The Sandinistas then supported left wing guerrilla groups in neighbouring countries which were acquiescing in US policies. The US, in turn, supported right wing guerrillas to counter the left wing groups until the Cold War ended. The Sandinistas were voted out of office in 1990 and the Contra war ended. Since then Nicaragua has had elected Governments though the ex Sandinsta leaders have been in power since 2006.
Nicaragua has typically grown in the 3-4% range per annum apart from a prolonged downturn in the 1980's coinciding with the Contra war. Economic policy is a mix of light industry, agriculture, mining, Zonas Francas (free trade zones) and integration in the Central American Common Market. The trade deficit is covered by remittances from Nicaraguans working abroad.
Contents
Introduction
The Modern Period
The Current Era
The Modern State
Economics from the Ground Up
Political Systems
Trade Theory
The EU as a Model of Integration
Industrialisation
Synopsis
Data
World GDP 2018
World GDP PPP 2018
GDP per capita ppp 2018
Exports & Imports 2018
Container Traffic 2010 & 2018
Oil Production 2018
Migrant Remittances 2018
Tourism Statistics 2017
Tourism Americas 2017
Latin America
Background
The US and Latin America
Economy
The EU and Latin America
Mercosur
World Exports 2000-2018
Nicaragua
Introduction
19th & 20th Centuries
Economy
State Finances
Central America Tables
Charts & Chart Commentary
Sources
67 pages
Nicaragua 2020
- Product Code: ISSN 2014-5063 (2020) No 15
- Availability: In Stock
-
500.00€
- Ex Tax: 500.00€