Nicaragua is primarily an agricultural country
Agriculture constitutes 60% of its total exports which annually yield approximately US $2.0 billion. In addition, Nicaragua’s Flor de Caña rum is renowned as among the best in Latin America, and its tobacco and beef are also well regarded. Nicaragua’s agrarian economy has historically been based on the export of cash crops such as coffee, beef and tobacco. Light industry (maquila), tourism, banking, mining, fisheries, and general commerce are expanding. Nicaragua also depends heavily on remittances from Nicaraguans living abroad, which totaled $655.5 million in 2006.
On the Pacific side, coffee and cotton are by far the most important commercial crops. In 1992, more land was devoted to coffee than to any other crop, and it is the nation’s leading export in terms of value. Nearly two-
Plantation crops are significant in the Caribbean lowlands. After disease wiped out most of the region’s banana plants in the years before 1945, attempts were made to diversify crops. Today most of Nicaragua’s bananas are grown in the northwestern part of the country near the port of Corinto; sugarcane is also grown in the same district. Subsistence farms, where food is grown mainly for the consumption of the farm family instead of for sale, are found throughout Nicaragua. Favorite food crops grown on such farms include rice, beans, maize, citrus fruits, and cassava. Cassava, a root crop somewhat similar to the potato, is an important food in tropical regions. The plant’s roots can be eaten boiled and sliced, or ground into flour. Cassava is also the main ingredient in tapioca pudding.
The Pacific lowlands and the middle and southern parts of the Central highlands are the principal cattle-