Nicaragua

Nicaragua exhibits a robust GDP growth rate of 4.43% for 2023, suggesting significant economic expansion. However, the GDP per capita remains extremely low at approximately $2,609, highlighting that while the economy is growing, the overall wealth distributed among the population is still among the lowest in the Americas.

The country is experiencing high inflation (8.39%), which significantly erodes purchasing power. Counterintuitively for a developing nation, the unemployment rate is remarkably low at 4.72%. This combination suggests strong domestic demand or labor market tightness contributing to price pressures, or potentially underemployment not captured by the official rate.

Nicaragua achieves a life expectancy of nearly 75 years, which is quite high considering its low GDP per capita of around $2,609. This suggests that basic public health measures or lifestyle factors are relatively effective in extending longevity despite limited economic resources.

The fertility rate stands at 2.22 children per woman, which is very close to the replacement level (2.1). This indicates that Nicaragua is undergoing a significant demographic transition, moving away from high population growth typical of many low-income nations toward stabilization.