Exports of services as a part of balance of payment fell 16.7% to USD 1.30 bil in Nicaragua in 2024, according to the National Statistical Office.
Historically, exports of services as a part of balance of payment in Nicaragua reached an all time high of USD 1.56 bil in 2022 and an all time low of USD 0.022 bil in 1989. When compared to Nicaragua's main peers, exports of services as a part of balance of payment in Costa Rica amounted to USD 16.1 bil, USD 6.00 bil in El Salvador, USD 3.68 bil in Honduras and USD 63.0 bil in Mexico in 2024.
Nicaragua has been ranked 89th within the group of 103 countries we follow in terms of exports of services as a part of balance of payment, 29 places above the position seen 10 years ago.
Exports of Services (BoP, USD) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Belize | USD bil | 0.620 | 0.677 | 0.426 | 0.621 | 0.851 | ||||||||||||||||
Costa Rica | USD bil | 9.75 | 10.9 | 7.91 | 8.78 | 12.7 | ||||||||||||||||
El Salvador | USD bil | 2.83 | 3.31 | 2.20 | 3.10 | 4.32 | ||||||||||||||||
Guatemala | USD bil | 3.71 | 3.68 | 2.59 | 2.88 | 3.89 | ||||||||||||||||
Honduras | USD bil | 2.82 | 2.98 | 1.98 | 2.84 | 3.36 | ||||||||||||||||
Mexico | USD bil | 40.2 | 44.2 | 28.5 | 42.4 | 52.2 | ||||||||||||||||
Nicaragua | USD bil | 1.36 | 1.37 | 0.946 | 1.04 | 1.56 | ||||||||||||||||
Panama | USD bil | 13.5 | 13.8 | 8.20 | 10.7 | 15.3 | ||||||||||||||||
USA | USD bil | 866 | 891 | 726 | 805 | 949 |