Unemployment in Nicaragua

Nicaragua Unemployment | Economic News & Forecasts

Nicaragua - Unemployment

The economic crisis has deepened in the second half of the year, as the ramifications of the political situation ripple through the economy. In September, economic activity retracted for the fifth consecutive month and the formal workforce shrank further. Moreover, instability has dragged on consumer and investor confidence, leading to capital flight and significant bank withdrawals. In response to the deteriorating macroeconomic picture, on 9 November S&P Global Ratings downgraded Nicaragua’s sovereign credit rating to B- with a negative outlook and flagged its weakening fiscal position, depleting international reserves and strained balance of payments as chief concerns. Meanwhile, the U.S. recently imposed financial sanctions on Vice President Rosario Murillo and a top aide for corruption and undermining democracy.

Nicaragua - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.3  5.6  6.0  6.2  -     

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Nicaragua Unemployment Chart

Nicaragua Unemployment
Note: Fiscal balance as % of GDP.
Source: Nicaragua Central Bank and FocusEconomics calculations.

Nicaragua Facts

Exchange Rate32.492.11 %Jan 14

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