Taxes on goods and services (current LCU), per unit of GDP in Nicaragua
Nicaragua: Taxes on goods and services (current LCU), per unit of GDP was 3.76 current LCU per US$ of GDP in 2024. ◆ Volatile
Taxes on goods and services (current LCU), per unit of GDP in Nicaragua, 1990–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Nicaragua recorded 3.76 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2024. That is the highest value across all 35 years on record.
The figure is up 2.6% on the previous year and up 64.7% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Nicaragua peaked at 3.76 current LCU per US$ of GDP in 2024 and was at its lowest, 0.018 current LCU per US$ of GDP, in 1990.
Nicaragua ranks 55th of 157 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), per unit of GDP in Nicaragua, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1990 | 0.018 current LCU per US$ of GDP | — |
| 1991 | 0.4883 current LCU per US$ of GDP | +2611.2% |
| 1992 | 0.5654 current LCU per US$ of GDP | +15.8% |
| 1993 | 0.6304 current LCU per US$ of GDP | +11.5% |
| 1994 | 0.3434 current LCU per US$ of GDP | -45.5% |
| 1995 | 0.5361 current LCU per US$ of GDP | +56.1% |
| 1996 | 0.6041 current LCU per US$ of GDP | +12.7% |
| 1997 | 0.7234 current LCU per US$ of GDP | +19.7% |
| 1998 | 0.8059 current LCU per US$ of GDP | +11.4% |
| 1999 | 0.9443 current LCU per US$ of GDP | +17.2% |
| 2000 | 0.9943 current LCU per US$ of GDP | +5.3% |
| 2001 | 0.9318 current LCU per US$ of GDP | -6.3% |
| 2002 | 1.05 current LCU per US$ of GDP | +12.4% |
| 2003 | 1.19 current LCU per US$ of GDP | +13.6% |
| 2004 | 1.27 current LCU per US$ of GDP | +7.0% |
| 2005 | 1.4 current LCU per US$ of GDP | +9.6% |
| 2006 | 1.55 current LCU per US$ of GDP | +11.1% |
| 2007 | 1.63 current LCU per US$ of GDP | +5.3% |
| 2008 | 1.59 current LCU per US$ of GDP | -2.6% |
| 2009 | 1.6 current LCU per US$ of GDP | +0.8% |
| 2010 | 1.81 current LCU per US$ of GDP | +13.1% |
| 2011 | 1.94 current LCU per US$ of GDP | +6.8% |
| 2012 | 2.09 current LCU per US$ of GDP | +7.9% |
| 2013 | 2.18 current LCU per US$ of GDP | +4.4% |
| 2014 | 2.28 current LCU per US$ of GDP | +4.6% |
| 2015 | 2.39 current LCU per US$ of GDP | +4.6% |
| 2016 | 2.54 current LCU per US$ of GDP | +6.4% |
| 2017 | 2.71 current LCU per US$ of GDP | +6.5% |
| 2018 | 2.51 current LCU per US$ of GDP | -7.1% |
| 2019 | 2.96 current LCU per US$ of GDP | +17.8% |
| 2020 | 3.07 current LCU per US$ of GDP | +3.6% |
| 2021 | 3.48 current LCU per US$ of GDP | +13.4% |
| 2022 | 3.59 current LCU per US$ of GDP | +3.2% |
| 2023 | 3.67 current LCU per US$ of GDP | +2.1% |
| 2024 | 3.76 current LCU per US$ of GDP | +2.6% |
Nicaragua compared with similar countries
- Nicaragua's 3.76 current LCU per US$ of GDP is above the median for lower middle income countries, which is 3.52 current LCU per US$ of GDP, 1.1× the median. (37 countries reporting)
- Nicaragua's 3.76 current LCU per US$ of GDP is above the median for Latin America & Caribbean, which is 0.5148 current LCU per US$ of GDP, 7.3× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU), per unit of GDP in Nicaragua changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +2611.2% | 0.018 current LCU per US$ of GDP | 0.4883 current LCU per US$ of GDP |
| 1994 | -45.5% | 0.6304 current LCU per US$ of GDP | 0.3434 current LCU per US$ of GDP |
| 1995 | +56.1% | 0.3434 current LCU per US$ of GDP | 0.5361 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5659 current LCU per US$ of GDP | 0.018 current LCU per US$ of GDP | 0.9443 current LCU per US$ of GDP | 10 |
| 2000s | 1.32 current LCU per US$ of GDP | 0.9318 current LCU per US$ of GDP | 1.63 current LCU per US$ of GDP | 10 |
| 2010s | 2.34 current LCU per US$ of GDP | 1.81 current LCU per US$ of GDP | 2.96 current LCU per US$ of GDP | 10 |
| 2020s | 3.51 current LCU per US$ of GDP | 3.07 current LCU per US$ of GDP | 3.76 current LCU per US$ of GDP | 5 |
Countries ranked near Nicaragua
- 52 Ukraine 5.05 current LCU per US$ of GDP compare
- 53 Dominican Republic 5 current LCU per US$ of GDP compare
- 54 Bhutan 4 current LCU per US$ of GDP compare
- 56 Turkey 3.64 current LCU per US$ of GDP compare
- 57 Bangladesh 3.52 current LCU per US$ of GDP compare
- 58 Uruguay 3.51 current LCU per US$ of GDP compare
More public sector data for Nicaragua
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is taxes on goods and services (current lcu), per unit of gdp in Nicaragua?
- Taxes on goods and services (current lcu), per unit of gdp in Nicaragua was 3.76 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Nicaragua?
- The highest recorded value was 3.76 current LCU per US$ of GDP in 2024.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Nicaragua?
- The lowest recorded value was 0.018 current LCU per US$ of GDP in 1990.
- How does Nicaragua rank for taxes on goods and services (current lcu), per unit of gdp?
- Nicaragua ranks 55th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Nicaragua?
- Over the last ten years it is up 64.7%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.