International Security Bulletin

Nicaragua

Republic of Nicaragua

Capital: Managua

History

The Pacific coast of Nicaragua was settled as a Spanish colony from Panama in the early 16th century. Independence from Spain was declared in 1821 and the country became an independent republic in 1838. Britain occupied the Caribbean Coast in the first half of the 19th century, but gradually ceded control of the region in subsequent decades. Violent opposition to governmental manipulation and corruption spread to all classes by 1978 and resulted in a short-lived civil war that brought the Marxist Sandinista guerrillas to power in 1979. Nicaraguan aid to leftist rebels in El Salvador caused the US to sponsor anti-Sandinista contra guerrillas through much of the 1980s. After losing free and fair elections in 1990, 1996, and 2001, former Sandinista President Daniel ORTEGA Saavedra was elected president in 2006 and reelected in 2011. The 2008 municipal elections, 2010 regional elections, November 2011 presidential elections, and 2012 municipal elections were marred by widespread irregularities. Nicaragua's infrastructure and economy - hard hit by the earlier civil war and by Hurricane Mitch in 1998 - are slowly being rebuilt, but democratic institutions have been weakened under the ORTEGA administration.

Geography

Metric Units

Total Area 130,370 sq km
Land Boundaries 1,231 km
Border Countries Costa Rica 309 km, Honduras 922 km
Coastline 910 km
Terrain extensive Atlantic coastal plains rising to central interior mountains; narrow Pacific coastal plain interrupted by volcanoes
Minimum Elevation 0 m
Maximum Elevation 2,438 m
Climate tropical in lowlands, cooler in highlands
Natural Resources gold, silver, copper, tungsten, lead, zinc, timber, fish
Arable Land 14.57%
Permanent Crops 1.76%

Economy

Gross Domestic Product $20.04 billion
GDP (per capita) $3,300
GDP Growth 4%
Unemployment Rate 7.4%
Population in Poverty 42.5%
GINI Index 40.5

Budget & Debt

Expenditures $2.56 billion
Revenue $2.62 billion
Current Account Balance $-1.48 billion
External Debt $5.23 billion

Trade

Exports $4.16 billion
Export Items coffee, beef, gold, sugar, peanuts, shrimp and lobster, tobacco, cigars, automobile wiring harnesses, textiles, apparel, cotton
Export Partners US 60.1%, Canada 8.3%, El Salvador 4.6% (2011)
Imports $6.52 billion
Import Items consumer goods, machinery and equipment, raw materials, petroleum products
Import Partners US 21.3%, Venezuela 14%, Costa Rica 8.7%, China 8.5%, Mexico 8.2%, Guatemala 8%, El Salvador 5.4% (2011)

People

Population 5,788,531
Population Growth 1.05%
Ethnic Groups mestizo (mixed Amerindian and white) 69%, white 17%, black 9%, Amerindian 5%
Religion Roman Catholic 58.5%, Protestant 23.2% (Evangelical 21.6%, Moravian 1.6%), Jehovah's Witnesses 0.9%, other 1.7%, none 15.7% (2005 census)
Life Expectancy 72.45 years
Infant Mortality 0.96 deaths/1,000 live births
Maternal Mortality 2 deaths/100,000 live births

Energy

Electricity Production 3.82 billion kWh
Electricity Consumption 2.94 billion kWh
From Fossil Fuels 66%
From Nuclear 0%
From Hydroelectric 9.5%
From Renewable Sources 24.5%