*Nicaragua’s central bank (BCN) has released a new report showing that the annual exports of goods, including free zone, totalled US$8.91bn in 2025, marking an increase of 15.4% on 2024. Meanwhile, imports increased by 7.5% to total US$11.4bn. This helped Nicaragua to register its annual GDP growth rate of 4.9% for 2025. However, both exports and economic growth figures could take a big hit from 2027, when the Office of the US Trade Representative (USTR) has announced that it will impose phased-in tariffs on Nicaragua to address the government’s
“acts, policies, and practices related to abuses of labour rights, abuses of human rights and fundamental freedoms, and dismantling of the rule of law”.
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