We introduce some Nicaragua facts.
The name “Nicaragua” was coined by Spanish colonists based on the name “Nicarao”, chief of the most populous indigenous tribe. The Spanish name incorporates the indigenous words NIC-ALT-NA-HUAC or NIC-ATL-NAHUAC which means “here at the lake” or NIC-ANAHUAC, “here the Anahuac”, or “the Anahuac from here
- Nicaragua is the largest country in the Central American isthmus.
- Nicaragua is referred to as “the land of lakes and volcanoes” due to the number of lagoons and lakes, and the chain of volcanoes that runs from the north to the south along the country’s Pacific side. Today, only 7 of the 50 volcanoes in
- Nicaragua are considered active. Many of these volcanoes offer some great possibilities for tourists with activities such as hiking, climbing, camping, and swimming in crater lakes.
- According to the United Nations Development Programme, 48% of the population of Nicaragua live below the poverty line, 79.9% of the population live with less than $2 per day,According to UN figures, 80% of the indigenous people (who make up 5% of the population) live on less than $1 per day, but now it’s changing.
- According to the World Bank, Nicaragua ranked as the 123rd best economy for starting a business. Nicaragua’s economy is “62.7% free” with high levels of fiscal, government, labor, investment, financial, and trade freedom.It ranks as the 61st freest economy, and 14th (of 29) in the Americas.
- In March 2007, Poland and Nicaragua signed an agreement to write off 30.6 million dollars which was borrowed by the Nicaraguan government in the 1980s.Inflation reduced from 33,500% in 1988 to 9.45% in 2006, and the foreign debt was cut in half.
- Nicaragua is primarily an agricultural country; agriculture constitutes 60% of its total exports which annually yield approximately US $300 million. Nearly two-thirds of the coffee crop comes from the northern part of the central highlands, in the area north and east of the town of Estelí
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