Customs and other import duties in Nicaragua
Nicaragua: Customs and other import duties was 3.9% in 2024. ◆ Volatile
Customs and other import duties in Nicaragua, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
The most recent figure for customs and other import duties in Nicaragua is 3.9%, measured in 2024.
The figure is up 5.0% on the previous year and down 7.8% over ten years.
Over the whole period, customs and other import duties in Nicaragua peaked at 26.4% in 1994 and was at its lowest, 2.7%, in 2019.
That places Nicaragua 91st out of 151 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Customs and other import duties in Nicaragua, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 1990 | 23.7% | — |
| 1991 | 20.3% | -14.6% |
| 1992 | 20.5% | +1.1% |
| 1993 | 25.9% | +26.5% |
| 1994 | 26.4% | +1.8% |
| 1995 | 10.6% | -59.7% |
| 1996 | 9.7% | -8.8% |
| 1997 | 12.2% | +26.3% |
| 1998 | 16.0% | +30.6% |
| 1999 | 9.5% | -40.3% |
| 2000 | 9.4% | -1.1% |
| 2001 | 10.5% | +11.8% |
| 2002 | 8.3% | -21.3% |
| 2003 | 6.7% | -19.6% |
| 2004 | 6.1% | -8.8% |
| 2005 | 6.6% | +8.2% |
| 2006 | 6.0% | -9.2% |
| 2007 | 5.8% | -3.6% |
| 2008 | 5.4% | -5.5% |
| 2009 | 4.4% | -19.6% |
| 2010 | 4.7% | +6.4% |
| 2011 | 4.8% | +2.7% |
| 2012 | 4.9% | +2.0% |
| 2013 | 4.6% | -5.3% |
| 2014 | 4.2% | -9.5% |
| 2015 | 4.3% | +2.1% |
| 2016 | 4.4% | +2.9% |
| 2017 | 3.9% | -10.5% |
| 2018 | 3.1% | -22.4% |
| 2019 | 2.7% | -11.2% |
| 2020 | 3.1% | +13.0% |
| 2021 | 3.5% | +14.3% |
| 2022 | 3.5% | +1.0% |
| 2023 | 3.7% | +3.7% |
| 2024 | 3.9% | +5.0% |
Nicaragua compared with similar countries
- Nicaragua's 3.9% is below the median for lower middle income countries, which is 8.8%, 44% of the median. (36 countries reporting)
- Nicaragua's 3.9% is below the median for Latin America & Caribbean, which is 5.5%, 70% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.5% | 9.5% | 26.4% | 10 |
| 2000s | 6.9% | 4.4% | 10.5% | 10 |
| 2010s | 4.1% | 2.7% | 4.9% | 10 |
| 2020s | 3.5% | 3.1% | 3.9% | 5 |
Countries ranked near Nicaragua
- 88 Honduras 4.0% compare
- 89 South Africa 3.9% compare
- 90 Jordan 3.9% compare
- 92 Kazakhstan 3.8% compare
- 93 Thailand 3.8% compare
- 94 Republic of Moldova 3.5% compare
More public sector data for Nicaragua
- Arms imports 13.00 million SIPRI trend indicator values (2019)
- Arms imports (SIPRI trend indicator values), per capita 2.01 SIPRI trend indicator values per person (2019)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2019)
- Arms imports (SIPRI trend indicator values), annual growth rate -91.86 % change on previous year (2017)
- Arms imports (SIPRI trend indicator values), gaps filled 13.00 million SIPRI trend indicator values (2019)
- Military expenditure (current USD), per capita 15.22 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0053 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 105.26 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 108.03 SIPRI trend indicator values per square kilometre (2019)
Frequently asked questions
- What is customs and other import duties in Nicaragua?
- Customs and other import duties in Nicaragua was 3.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Nicaragua?
- The highest recorded value was 26.4% in 1994.
- What is the lowest customs and other import duties recorded in Nicaragua?
- The lowest recorded value was 2.7% in 2019.
- How does Nicaragua rank for customs and other import duties?
- Nicaragua ranks 91st out of 151 countries with data for 2024.
- Is customs and other import duties rising or falling in Nicaragua?
- Over the last ten years it is down 7.8%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (% of tax revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.