Currency: Gold córdoba made up of 100 centavos; $1 = 25.49 córdobas
Official language: Spanish
Head of State or Government: Daniel Ortega (President), 2007
GDP: $10.51 billion
GDP per capita: $1,753.64
GDP growth: 5.2%
Nicaragua is situated in the middle of the Central American isthmus, between the Pacific Ocean, Caribbean Sea and the Republic of Honduras in the North and Costa Rica in the south. The country has three regions differentiated by climate, physical geography and population: The Pacific Region, Central Region and Caribbean Region which in turn comprises of the North Atlantic Autonomous Region (RAAN) and the South Atlantic Autonomous Region (RAAS).
Thanks to its characteristics, Nicaragua possesses a great variety of flora and fauna, having a variety of around 5,796 species of flora and some 12,290 species of fauna. The population is characterized for being multiethnic and multicultural. Nicaragua possesses one of the highest indexes of schooling in the region.
The most recent data scarcely reflected an index of 4.1 in illiteracy. Agriculture is one of the country’s main economic activities, however, the industrial and business sector constitute a major part of the labour force.