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 Components of the economy

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kosovohp01




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Join date : 2010-08-26

Components of the economy Empty
PostSubject: Components of the economy   Components of the economy EmptyThu Oct 28, 2010 2:36 am

Gross Domestic Product (GDP) in purchasing power parity (PPP) in 2008 was estimated at $17.37 billion USD.[91] The service sector is the largest component of GDP at 56.9%, followed by the industrial sector at 26.1% (2006 est.). Agriculture represents 17% of GDP, the highest percentage in Central America [92] (2008 est.). Remittances account for over 15% of the Nicaraguan GDP. Close to one billion dollars are sent to the country by Nicaraguans living abroad.[93] Nicaraguan labor force is estimated at 2.322 million of which 29% is occupied in agriculture, 19% in the industry sector and 52% in the service sector (est. 2008).

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