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Date Submitted: 12/09/2010 01:22 PM
Nicaragua
General overview:
Area is 129.494 square kilometres.
Population (July 2010): 5.955.928.
Ethnic groups: Mestizo (mixed Amerindian and white) 69%, white 17%, black 9%, and Amerindian 5%.
Education: Years obligatory none enforced (28% of first graders eventually finish sixth grade).
Economy-GDP
GDP in 2009 was 6.2 billion dollars.
GDP real growth rate in 2009 was 1.5%..
Components of GDP in 2009: Manufacturing 17.7%, of GDP, agriculture, cattle, forestry and fishing 16.8%, of GDP, retail, hotels, and restaurants 14.2%, of GDP, government 12.6%, of GDP, real estate 7.5% of GDP, personal services 6.6% of GDP, telecommunications and transportation 5.5% of GDP, financial services 5.1% of GDP, construction 4.7% of GDP, utilities 2.6% of GDP, mining 1.1% of GDP.
Inflation rate in 2009 was 0.93%.
Natural resources: cultivatable land, fresh water, fisheries, gold, timber, hydro and geothermal power potential. Trade in 2009: National exports 2.363 billion dollars, coffee, shrimp and lobster, beef, sugar, industrial goods, gold, bananas. Free trade zone: exports 972.2 million dollars, mostly textiles and apparel, automobile wiring harnesses and cigars. Export markets were United States, The Central American Common Market, European Union, Mexico and Japan. In 2009 Imports were 3.47 billion dollars. Primarily consumer goods, machinery and equipment, raw materials, and petroleum products were imported. Free trade zone imports were 830.6 million dollars. Suppliers were United States, Mexico, Costa Rica, Venezuela, Guatemala, El Salvador.
Government and political position
President: Jose Daniel Ortega Saavedra
Nicaragua is a constitutional democracy with executive, legislative, judicial, and electoral branches of government. In 1995, the executive and legislative branches negotiated a reform of the 1987 Sandinista constitution, which gave extensive new powers and independence to the legislature, the National Assembly, including permitting the...