BCN, the Central Bank of Nicaragua highlighted tourism as a key contributor to the country national economy. Tourism generates revenue, boosts local economies and creating jobs in the Central American nation, ultimately contributing to poverty reduction.
In 2023, tourism revenue reached $739.2 million, a significant increase from the previous year and during 2024 the contributions of the activities linked to the tourism industry reached a participation of 5.5% of the total value added of the national economy.
A report by the financial institution on the Statistic of the Nicaragua Tourism Satellite Account specified that the above generated a tourist added value of 35. 219 million córdobas, about $961.742 million which was 17.6% higher than that registered in 2023.
The Central Bank of Nicaragua explained that the activities with the highest participation in tourism added value were restaurants and similar services, 35.2%, accommodation, 17.2%, transportation, 8.6% and recreation, 5,2% amonf others.
According to the report, the consumption of tourist goods and services in the country increased by 14.7%, which is explained by the dynamism of consumption by national residents, which registered a year - on - year growth of 45.5%, attenuated by the decrease in consumption of non - residents tourism due to lower visitor arrivals.
The total tourism consumption of residents in the country, 43.4% was in restaurant services, 11.2% in accommodation, 6.1% in transportation services and 34.9% in the purchase of other tourist goods and services.
Meanwhile, tourism consumption by non – residents was mainly in restaurant services, 33.6%, accommodation, 25.8% , transportation services, 14.0% and recreation, 3.6%, among others.
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