Unemployment in Nicaragua
Nicaragua - UnemploymentThe economy likely continued to contract sharply in the first half of the year as businesses—particularly in the construction, tourism and retail sectors—continue to suffer from the uncertain environment created by the political crisis. International reserves have dropped notably in annual terms in H1, reflecting the increased economic instability, while freefalling merchandise imports shows dampened domestic demand. On a brighter note, remittance inflows rose at a strong rate in Q2, while the current account balance swung from deficit to surplus in Q1, largely due to the narrower trade deficit. In politics, in late July the opposition party claimed the Ortega administration “killed” negotiations by not sending representatives to a meeting which was supposed to mark the restarting of talks. This underlines just how little progress has been made towards reaching a final resolution.
Nicaragua - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Nicaragua Unemployment Chart
Source: Nicaragua Central Bank and FocusEconomics calculations.
|Exchange Rate||33.05||2.11 %||Jul 31|
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