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Oct 12, 2008
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EncyclopediaNicaragua

Economy and Government

Agriculture has always been important, but services now employ a larger percentage of the workforce and represent a much greater percentage of the gross domestic product. The chief commercial crops are coffee, bananas, cotton, sugarcane, and rice. Industries include food processing and the manufacture of chemicals, machinery and metal products, textiles, clothing, and footwear. There is also petroleum refining. Coffee, beef, seafood, tobacco, sugar, gold, and peanuts are the largest exports. Consumer goods, machinery and equipment, raw materials, and petroleum products are imported. The United States, El Salvador, and Costa Rica are the largest trading partners.

Nicaragua is governed under the constitution of 1987 as amended. Executive power is held by the president, who is both head of state and head of government. The president is popularly elected for five years and may not serve consecutive terms. Members of the unicameral 92-seat National Assembly are also elected for five years. The country is divided administratively into 15 departments and two autonomous regions.

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The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved.

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