Nicaragua: MSMEs Expect 5% Growth

The expectation for 2011 is to achieve a 5% economic growth.

Tuesday, January 4, 2011

If the growth is achieved it would be worth some $ 152 million more than the $ 2,600 million micro, small and medium enterprises (MSMEs) contributed to the Gross Domestic Product (GDP) in 2010.

"The MSMEs sector contributes between 35 to 40 percent of the GDP of Nicaragua, on account of foreign exchange income by annual exports and domestic sales," reports the article in Canal15.com.ni.



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Tax Benefits for Tourism SMEs in Nicaragua

April 2013

The reduction to $25,000 on the minimum amount of investment required to enjoy tax exemptions opens up opportunities in a rising tourism sector.

Previously, small and medium enterprises in Nicaragua had to invest a minimum of $50,000 in order to qualify for tax benefits, but from this year the minimum investment has been lowered to $25,000.

Why do SMEs fail?

March 2012

Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.

In the case of Nicaragua the subject is sensitive, "because 60 percent of its business backbone is made up of micro, small and medium enterprises, which account for 40 percent of gross domestic product (GDP), estimated at more than six billion dollars.

MSMEs: Adjustments to Minimum Wage

February 2012

A rate of 10% per year was agreed for MSMEs in Nicaragua.

The National Minimum Wage Commission has decided that there will be a semi-annual adjustment of 118 Cordobas ($5.16) to the wages of workers in micro, small and medium businesses, according to Laprensa.com.ni review.

Nicaragua: Micro, small and medium enterprise development project

April 2008

The Wordl Bank project supports the update of the Government’s Poverty Reduction Strategy under the National Human Development Plan, which has an emphasis on private sector development.

During the past six years, Nicaragua has experienced macroeconomic stability with steady positive GDP growth, low inflation, stable exchange rates and declining interest rates.

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