More Formal Employment in Nicaragua

Local authorities reported that during the first month of 2018 there were 911,104 workers affiliated in the social security scheme, 2.4% more than was reported in January 2017.

Monday, March 12, 2018

The Central Bank of Nicaragua (BCN) reported that the " ... administrative records of the INSS, indicate that in January the number of insured people amounted to 911,104 workers, 2.4 percent higher than the figure registered in the same month of the previous year."

The note added that " ...In interannual terms, all economic activities experienced increases, with highlights seen in: electricity, gas and water (9.8%); manufacturing industry (3.9%); transport, storage and communications (3.8%); and construction (3.3%). "

"... Likewise, it was observed that the nominal average salary of affiliates stood at 10,209.3 córdobas, registering an interannual growth of 7.9%. For its part, the average real salary of affiliates showed a year-on-year increase of 2.4%, standing at 4,607.8 córdobas in 2006. "  

See BCN's statistics. 

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More on this topic

Nicaragua: Decline in Formal Employment Gets Steeper

August 2018

In line with the year-on-year falls of 2%, 4% and 7% reported in March, April and May, in June 810,430 workers were registered as enrolled in the social security scheme, 12% less than was reported in the same month in 2017.

In relation to the performance of the sectors, the Central Bank of Nicaragua (BCN) reported that in year-on-year terms, most of the activities registered decreases, except for the manufacturing industry activities, and electricity, gas and water, which recorded increases of 1.4% and 0.2%, respectively.

Nicaragua: Formal Employment Continues to Fall

June 2018

In addition to the fall of 2% reported in March, the affiliation of 878,500 social security workers was recorded in April, 4% less than the number reported in the same month in 2017.

The Central Bank of Nicaragua (BCN) reported that according to the administrative records of the INSS, they indicate that between the months of April 2017 and 2018, the number of insured persons decreased from 914,276 to 896,869 workers, which is equivalent to a fall of 3.9%.

Nicaragua: Formal Employment Drops Due to Crisis

May 2018

During the third month of 2018, the affiliation of 896,869 social security workers was registered, 1.5% less than was reported in March 2017.

The Central Bank of Nicaragua (BCN) reported that according to the administrative records of the INSS, in March the number of insured people was 896,869 workers, which is equivalent to a 1% drop compared to February 2018.

Nicaragua: Formal Work Up 4%

February 2018

The electricity and agriculture sectors were responsible for the year-on-year increase of 4% registered in the number of workers affiliated with the social insurance scheme up to December 2017.

From a report by the Central Bank of Nicaragua:

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