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Nicaragua

Nicaragua, one of the hemisphere's poorest countries, faces low per capita income, widespread underemployment, and a heavy external debt burden. Distribution of income is one of the most unequal on the globe. While the country has progressed toward macroeconomic stability in the past few years, GDP annual growth has been far too low to meet the country's needs, forcing the country to rely on international economic assistance to meet fiscal and debt financing obligations.

Canada

As an affluent, high-tech industrial society, in the trillion dollar class, Canada enjoys affluent living standards. Given its great natural resources, skilled labour force, and modern capital plant Canada enjoys solid economic prospects. Solid fiscal management has produced a balanced budget, although public debate continues over how to manage the rising cost of the publicly funded healthcare system. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the United States, which absorbs more than 85% of Canadian exports.

Nicaragua

Canada

GDP - per capita:

purchasing power parity - $2,800 (2005 est.)

purchasing power parity - $32,800 (2005 est.)

Labour Force

  • agriculture 30.5%,
  • industry 17.3%,
  • services 52.2% (2003 est.)
  • agriculture 2%,
  • manufacturing 14%,
  • construction 5%,
  • services 75%,
  • other 3% (2004)

Unemployment Rate

6.4% plus underemployment of 46.5% (2005 est.)

6.8% (2005 est.)

Population below poverty line:

50% (2001 est.)

15.9% (2003)

National Budget

  • revenues: $1.134 billion
  • expenditures: $1.358 billion, including capital expenditures of NA
  • (2005 est.)
  • revenues: $159.6 billion
  • expenditures: $152.6 billion, including capital expenditures of NA
  • (2004 est.)

Last Updated (Tuesday, 09 February 2010 15:59)