Nicaragua: Decline in Formal Employment Gets Steeper

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.

Friday, August 10, 2018

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.

A statement issued by the institution details that the nominal average salary of affiliates was located at 10,856.5 córdobas, registering an interannual growth of 11.1%. 

For its part, the average real salary of affiliates showed a year-on-year increase of 5.2%, standing at 4,822.6 córdobas in 2006.

See BCN statistics. (In Spanish)

More on this topic

Nicaragua: Formal Employment Continues to Fall

July 2018

In line with the year-on-year reductions of 2% and 4% reported in March and April, the affiliation of 853,396 social security workers was registered in May, 7% less than was reported in the same month in 2017.

Explained by the behavior of most activities, INSS records indicate that in May the number of affiliated workers was 853,396, showing a fall of 7.2% compared to May of last year, reported the Central Bank of Nicaragua (BCN). 

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%.

More Formal Employment in Nicaragua

March 2018

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.

The Central Bank of Nicaragua (BCN) reported that the " ...

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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