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Nicaragua NATURAL RESOURCES AND CONSERVATION
https://photius.com/countries/nicaragua/economy/nicaragua_economy_natural_resources_an~10071.html
Sources: The Library of Congress Country Studies; CIA World Factbook
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    Fishing boats and small launches at Bluefields on the Caribbean coast
    Courtesy Nicaraguan Tourism Institute

    Fishing and Forestry

    Although fishing has long been a source of food for the domestic market in Nicaragua, the rich fishing grounds of the Caribbean began to be exploited for export of shrimp and lobster only in the 1980s. A 1987 loan by the IDB allowed the country to double the size of its fishing fleet to ninety boats. However, damage by Hurricane Joan in 1988 to the two processing plants and the United States trade embargo in 1985 kept production levels far below the potential catch. Restoration of trade with the United States in 1990 did produce a surge in exports, and the government hoped that fishing would provide a significant share of export earnings in the 1990s.

    Nicaragua has extensive forests, and despite the large-scale clearing for agricultural use, about one-third of the land, or approximately 4 million hectares, was still forested in 1993. Most of the forests consist of the tropical rain forests of the Caribbean lowlands, where surface transportation is practically nonexistent. Hardwoods abound in this region, but the stands are mixed with other wood, making exploitation difficult. However, some logging of mahogany, cedar, rosewood, and logwood for dyes takes place. In addition, the large stands of pine in the northeast support logging and a small plywood industry.

    Data as of December 1993


    NOTE: The information regarding Nicaragua on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Nicaragua NATURAL RESOURCES AND CONSERVATION information contained here. All suggestions for corrections of any errors about Nicaragua NATURAL RESOURCES AND CONSERVATION should be addressed to the Library of Congress and the CIA.

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Revised 27-Mar-05
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