Nicaragua - The economic situation

W.H.-8 FILE COpy RESTRICTED This report is restricted to use within the Bank. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT THE ECONOMIC SITUATION OF NICARAGUA August 28, 1953 Department of Operations Western Hemisphere  Par value U. S. $1 = 5 cordobas $200,000 1 million cordobas Basic import rate U. S. S1 X 7.05 cordobs $141,844 1 million cordobas  GENERAL STATISTICS Area 50,000 square miles Population 1951 1.09 million Output per head, 1950 (GNP) Approx. $125 June 1950 1951 1952 195 Trade ($ million) Exports 26.5 36.8 42.2 Imports (f. o. b,) 24.7 30.S 39.7 Trade Balance 1.8 6.8 2.5 QlQ2t& ExChange(8 million)3.4 9.7 15.1 28.6 Governmgnt Finance (million cordobas) ,1949-5Q 1950-51