Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2013End of 2012End of 2011SourcesVar ID
Total population6.08 million5.99 million5.91 million
WDI
A.1.1
Urban population (% of total)58.15% of total57.86% of total57.56% of total
WDI
A.1.4
Urban population growth (annual %)2%1.98%1.93%
WDI
A.1.5
A.2 Economy
VariableEnd of 2013End of 2012End of 2011SourcesVar ID
GDP, current prices (U.S. dollars)11,284 USD (millions)10,506 USD (millions)9,636 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)27,863 USD (millions)26,379 USD (millions)24,643 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)1,841.72 USD 1,733.13 USD 1,606.94 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)4,547.78 USD 4,351.67 USD 4,109.47 USD
WEO
A.2.4
GDP, constant prices (Percent change)4.2%5.21%5.45%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)7.3%6.62%7.95%
WEO
A.2.6
GDP, deflator (Index)182.85168.94155.23
WEO
A.2.7
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 rate1.01%1%1.85%
IFS
A.2.15.4
Lending rate14.99%11.99%10.54%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2013End of 2012End of 2011SourcesVar 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
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2013End of 2012End of 2011SourcesVar 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


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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: 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: 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.