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Nicaragua
Location: Middle America, bordering both the Caribbean Sea and the North Pacific Ocean, between Costa Rica and Honduras . Area—comparative: slightly smaller than New York State . Population: 4,583,379 (July 1998 est.) . Ethnic groups: mestizo (mixed Amerindian and white) 69%, white 17%, black 9%, Amerindian 5% Religions: Roman Catholic 95%, Protestant 5% Languages: Spanish (official) note: English- and Amerindian-speaking minorities on Atlantic coast . Government type: republic National capital: Managua Independence: 15 September 1821 (from Spain) . Economy—overview: The Nicaraguan economy, devastated during the 1980s by economic mismanagement and civil war, is beginning to rebound. Strong growth is forecast for 1998, with implementation of a 1997 free trade agreement with Mexico expected to boost agricultural exports, although the industrial sector may come under pressure from increased Mexican competition. Exchange rates: gold cordobas (C$) per US$1—14.19 (July 2002), 9.76 (1997), 8.44 (1996), 7.55 (1995), 6.72 (1994), 5.62 (1993) .

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