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Forbes highlights Nicaragua’s economic performance

Nicaragua’s constant economic growth and stability was recently highlighted in Forbes Central America’s July edition.

PRLog - July 29, 2014 - MANAGUA, Nicaragua -- Nicaragua’s constant economic growth and stability was recently highlighted in Forbes Central America’s July edition, which recognized the country as “one of the great protagonists of the next ten years.”

According to the article, titled “The Nicaraguan Miracle”, Nicaragua’s economic dynamism rushed five years ago with the increasing number of construction, energy and tourism projects stirred by the government’s policies for investment promotion.

Forbes also emphasizes Nicaragua’s high levels of security, poverty reduction, preferential market access, energy matrix transformation to renewables, and ample investment opportunities. Gildan, a Canadian apparel manufacturing company that expanded to Nicaragua in 2004, shared with the magazine the value of the country’s strategic location that allows quick market response and the quality of Nicaraguan workforce.

Some indicators of Nicaragua’s economic growth are the gross domestic product and investment inflows. In 2013, the country obtained a 7.5 percent FDI/GDP ratio, well above the average 5.6 percent of the Central American region. Furthermore, in 2013 Nicaragua attracted a total of US$1,388 million in terms of foreign investment gross inflows, which represents an 8 percent increase compared to 2012.

Forbes is the main source of business and finance global news; it is edited in 10 languages and has a worldwide readership of more than 40 million in 100 countries. The Forbes Central America edition was launched in April 2014.

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Location:Managua - Managua - Nicaragua
Industry:Business, Investment
Tags:nicaragua, forbes, economic growth, investment, gross domestic product
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