Taxes on international trade in Nicaragua
Nicaragua: Taxes on international trade was 3.6% in 2024. ◆ Volatile
Taxes on international trade in Nicaragua, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Nicaragua recorded 3.6% for taxes on international trade in 2024.
Compared with earlier readings it is up 6.0% on the previous year and down 2.1% over ten years.
Over the whole period, taxes on international trade in Nicaragua peaked at 20.0% in 1994 and was at its lowest, 2.6%, in 2019.
Nicaragua ranks 84th of 154 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 international trade in Nicaragua, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 18.9% | — |
| 1991 | 11.6% | -38.4% |
| 1992 | 16.0% | +36.9% |
| 1993 | 17.7% | +11.2% |
| 1994 | 20.0% | +12.7% |
| 1995 | 7.3% | -63.5% |
| 1996 | 7.0% | -3.9% |
| 1997 | 9.8% | +40.2% |
| 1998 | 13.2% | +33.8% |
| 1999 | 6.8% | -48.7% |
| 2000 | 6.9% | +2.3% |
| 2001 | 7.9% | +14.3% |
| 2002 | 6.4% | -19.4% |
| 2003 | 5.1% | -19.3% |
| 2004 | 4.7% | -8.8% |
| 2005 | 5.2% | +9.9% |
| 2006 | 4.6% | -11.0% |
| 2007 | 4.5% | -2.6% |
| 2008 | 4.4% | -2.0% |
| 2009 | 3.6% | -17.7% |
| 2010 | 3.9% | +8.7% |
| 2011 | 4.0% | +3.1% |
| 2012 | 4.2% | +2.8% |
| 2013 | 4.0% | -2.7% |
| 2014 | 3.7% | -9.0% |
| 2015 | 3.8% | +2.4% |
| 2016 | 3.8% | +2.1% |
| 2017 | 3.5% | -9.3% |
| 2018 | 2.8% | -18.4% |
| 2019 | 2.6% | -8.6% |
| 2020 | 2.8% | +8.8% |
| 2021 | 3.2% | +11.7% |
| 2022 | 3.2% | +2.7% |
| 2023 | 3.4% | +4.6% |
| 2024 | 3.6% | +6.0% |
Nicaragua compared with similar countries
- Nicaragua's 3.6% is below the median for lower middle income countries, which is 7.8%, 46% of the median. (36 countries reporting)
- Nicaragua's 3.6% is below the median for Latin America & Caribbean, which is 4.7%, 76% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.8% | 6.8% | 20.0% | 10 |
| 2000s | 5.3% | 3.6% | 7.9% | 10 |
| 2010s | 3.6% | 2.6% | 4.2% | 10 |
| 2020s | 3.2% | 2.8% | 3.6% | 5 |
Countries ranked near Nicaragua
- 81 Russian Federation 3.7% compare
- 82 Papua New Guinea 3.7% compare
- 83 South Africa 3.6% compare
- 85 Bolivia, Plurinational State of 3.3% compare
- 86 Panama 3.3% compare
- 87 Armenia 3.1% 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 taxes on international trade in Nicaragua?
- Taxes on international trade in Nicaragua was 3.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Nicaragua?
- The highest recorded value was 20.0% in 1994.
- What is the lowest taxes on international trade recorded in Nicaragua?
- The lowest recorded value was 2.6% in 2019.
- How does Nicaragua rank for taxes on international trade?
- Nicaragua ranks 84th out of 154 countries with data for 2024.
- Is taxes on international trade rising or falling in Nicaragua?
- Over the last ten years it is down 2.1%. 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 Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.