MONGABAY.COM
Mongabay.com seeks to raise interest in and appreciation of wild lands and wildlife, while examining the impact of emerging trends in climate, technology, economics, and finance on conservation and development (more)
WEEKLY NEWSLETTER
|
|
Nicaragua
Index
In the first half of the 1980s, the annual inflation
rate
averaged 30 percent. After the United States imposed a
trade
embargo in 1985, Nicaragua's inflation rate rose
dramatically.
The 1985 annual rate of 220 percent tripled the following
year
and skyrocketed to more than 14,000 percent in 1988, the
highest
rate for any country in the Western Hemisphere in that
year. An
economic austerity plan introduced in late 1988 caused the
1989
figure to drop somewhat, but inflation jumped again in
1990 to
more than 12,000 percent. President Chamorro's economic
plan and
the resumption of trade with the United States had a
positive
effect on the country's inflation. Despite the abandonment
of
many of the points of the economic plan, the annual
inflation
rate dropped to 400 percent in 1991, and was estimated to
be only
10 percent in 1992.
Data as of December 1993
|
|
