Nicaragua is among the poorest countries in the Americas. Its gross domestic product (GDP) in purchasing power parity (PPP) in 2008 was estimated at US$17.37 billion. Agriculture represents 15.5% of GDP, the highest percentage in Central America. Remittances account for over 15% of the Nicaraguan GDP. Close to one billion dollars are sent to the country by Nicaraguans living abroad. The economy grew at a rate of about 4% in 2011. By 2019, given restrictive taxes and a civil conflict, it recorded a negative growth of - 3.9%; the International Monetary Fund forecast for 2020 is a further decline of 6% due to COVID-19.