Nicaragua’s communist Daniel Ortega regime is concealing from its official statistics the nearly 30 percent Gross Domestic Product (GPD) contribution that remittances add to the nation’s ailing economy, the newspaper Confidencial reported.
Over the past years, Nicaragua has received billions of dollars through remittances sent by Nicaraguans abroad to their relatives and friends at home — with about 80 percent of the total originating from the United States. The World Bank determined in December 2024 that remittances accounted for over 27 percent of Nicaragua’s entire GDP during that year.
Confidencial is one of several Nicaraguan outlets…
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