Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Total population6.08 million6.01 million6.08 million
    WDI
    		A.1.1
    Urban population (% of total)58.78% of total58.46% of total58.15% of total
    WDI
    		A.1.4
    Urban population growth (annual %)1.67%1.68%2%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    GDP, current prices (U.S. dollars)12,222 USD (millions)11,806 USD (millions)10,851 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)31,333 USD (millions)29,686 USD (millions)27,895 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)1,949.23 USD 1,904.7 USD 1,768.87 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)4,997.18 USD 4,789.52 USD 4,547.33 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)4.5%4.7%4.51%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)3.05%6.48%5.68%
    WEO
    		A.2.6
    GDP, deflator (Index)201.33193.55177.39
    WEO
    		A.2.7
    Consumer price index136.88131.62124.12
    WDI
    		A.2.8
    GINI Index  Not available
     
    		A.2.9
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Interest Rates:A.2.15
    Average bank deposit rate1.05%1.05%1.01%
    IFS
    		A.2.15.4
    Lending rate12.05%13.54%14.98%
    IFS
    		A.2.15.5
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Number of dwelling units:B.1.1
    Characteristics of housing stock:B.1.3
    Tenure in urban areas (%):B.1.4
    Owner-occupied units  58.92% of total
    INIDE
    		B.1.4.1
    Estimated Number of units completed/yearB.1.5
    Formal sector/registered7,838 units6,144 units6,722 unitsB.1.5.1
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    M2 construction cost for median quality houseB.2.4

    back to top | Country Data:
    Notes: BAC Nicaragua offers fixed interest loans at a rate of 9.5% up to 15 years.
    Notes: BAC Nicaragua offers fixed interest loans at a rate of 9.5% up to 15 years.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: FOSOVI (Fondo Social de Vivienda) provides subsidies to support housing loans to lower income families although the subsidies remain small accounting for only $4 million annually.
    Notes: IADB "approved a $10M loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing."
    Notes: IADB "approved a $10M loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing."
    Notes: IADB "approved a $10M loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing."
    Notes: IADB "approved a $10M loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing."
    Notes: Lenders who provide the preferential interest rate subsidy for mortgages will be granted a tax credit equivalent to subsidy.
    Notes: Lenders who provide the preferential interest rate subsidy for mortgages will be granted a tax credit equivalent to subsidy.
    Notes: National Percentage. This number includes only owners with deeds, if owners without deeds in the informal housing market are included the owner-occupied rate rises to 84.42%
    Notes: One-time grant of $1500 USD.
    Notes: One-time grant of $1500 USD.
    Notes: One-time grant of $1500 USD.
    Notes: Preferential interest rate subsidy of up to 3.5% on the interest rate for up to 10 years on a mortgage loan that does not exceed $32,000.
    Notes: Preferential interest rate subsidy of up to 3.5% on the interest rate for up to 10 years on a mortgage loan that does not exceed $32,000.
    Notes: Tabla VII-6