International organization participation:
BCIE, CACM, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA,
IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO
(correspondent), ITU, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL,
OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WCL, WCO, WHO,
WIPO, WMO, WToO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Salvador STADTHAGEN (since 5 December
2003)
chancery: 1627 New Hampshire Avenue NW, Washington, DC 20009
telephone: [1] (202) 939-6570, [1] (202) 939-6573
FAX: [1] (202) 939-6545
consulate(s) general: Houston, Los Angeles, Miami, New York, San
Francisco
Diplomatic representation from the US: chief of mission: Ambassador Barbara Calandra MOORE embassy: Kilometer 4.5 Carretera Sur, Managua mailing address: APO AA 34021 telephone: [505] 266-6010 FAX: [505] 266-9074
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, massive unemployment, and huge external debt.
Distribution of income is one of the most unequal on the globe.
While the country has made progress toward macroeconomic stability
over the past few years, GDP annual growth has been far too low to
meet the country's needs. As a result of successful performance
under its International Monetary Fund policy program and other
efforts, Nicaragua qualified in early 2004 for some $4 billion in
foreign debt reduction under the Heavily Indebted Poor Countries
(HIPC) initiative. Even after this reduction, however, the
government continues to bear a significant foreign and domestic debt
burden. If ratified, the US-Central America Free Trade Agreement
(CAFTA) will provide an opportunity for Nicaragua to attract
investment, create jobs, and deepen economic development. While
President BOLANOS enjoys the support of the international financial
bodies, his internal political base is meager.
GDP (purchasing power parity):
$12.34 billion (2004 est.)
GDP - real growth rate:
4% (2004 est.)
GDP - per capita:
purchasing power parity - $2,300 (2004 est.)
GDP - composition by sector: agriculture: 20.7% industry: 24.7% services: 54.6% (2004 est.)