Ratio of government revenue to gross domestic product (GDP) in Nicaragua 2007-2029
The ratio of government revenue to gross domestic product (GDP) in Nicaragua was forecast to increase between 2024 and 2029 by in total 0.5 percentage points. This overall increase does not happen continuously, notably not in 2026. After the third consecutive increasing year, the ratio is estimated to reach 29.52 percent and therefore a new peak in 2029.
The indicator shows the general government revenue as a share of the national gross domestic product. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue. As this revenue increases, a government's net worth increases. The gross domestic product represents the total value of final goods and services produced during a year.
Find more key insights for the ratio of government revenue to gross domestic product (GDP) in countries like Honduras, Guatemala, and El Salvador.
The indicator shows the general government revenue as a share of the national gross domestic product. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue. As this revenue increases, a government's net worth increases. The gross domestic product represents the total value of final goods and services produced during a year.
Find more key insights for the ratio of government revenue to gross domestic product (GDP) in countries like Honduras, Guatemala, and El Salvador.
