Flag description: three equal horizontal bands of blue (top), white, and blue with the national coat of arms centered in the white band; the coat of arms features a triangle encircled by the words REPUBLICA DE NICARAGUA on the top and AMERICA CENTRAL on the bottom; similar to the flag of El Salvador, which features a round emblem encircled by the words REPUBLICA DE EL SALVADOR EN LA AMERICA CENTRAL centered in the white band; also similar to the flag of Honduras, which has five blue stars arranged in an X pattern centered in the white band
Economy Nicaragua
Economy - overview: Nicaragua, one of the hemisphere's poorest countries, faces low per capita income, flagging socio-economic indicators, and huge external debt. Distribution of income is extremely unequal. While the country has made progress toward macroeconomic stabilization over the past few years, a banking crisis and scandal has shaken the economy. Managua will continue to be dependent on international aid and debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Donors have made aid conditional on improving governability, the openness of government financial operation, poverty alleviation, and human rights. Nicaragua met the conditions for additional debt service relief in December 2000. Growth should move up in 2002 because of increased private investment and recovery in the global economy.
GDP: purchasing power parity - $12.3 billion (2001 est.)
GDP - real growth rate: 2.5% (2001 est.)
GDP - per capita: purchasing power parity - $2,500 (2001 est.)
GDP - composition by sector: agriculture: 33% industry: 23% services: 44% (2000)
Population below poverty line: 50% (2001 est.)
Household income or consumption by percentage share: lowest 10%: 0.7% highest 10%: 48.8% (1998)
Distribution of family income - Gini index: 60.3 (1998)