Nicaragua: Formal Employment Continues to Fall

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.

Tuesday, June 12, 2018

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%.

The BCN communiqué said that in the month of April " ... In year-on-year terms, most of the activities registered decreases, except for the activities: electricity, gas and water (9.8%) and the manufacturing industry (4.6%), which experienced increases."

"Likewise, it was observed that the nominal average salary of affiliates was 10,874.7 córdobas, registering an interannual growth of 8.4 percent. For its part, the average real salary of affiliates showed a year-on-year increase of 3.5 percent, standing at 4,878.5 córdobas in 2006." 

See BCN statistics. (In Spanish)

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More on this topic

Nicaragua: Formal Employment Keeps Falling

April 2019

In accordance with the decreases reported last year, in February 2019 there were 755,908 social security workers, 17% less than in the same month of 2018.

The reduction in the number of workers registered with the Nicaraguan Institute of Social Security (INSS) is caused by the behavior of the employment level in the activities of commerce, construction, finance and transport, storage and communications, reported the Central Bank of Nicaragua (BCN).

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

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 Up 5% as of November 2017

January 2018

Agriculture and electricity were the sectors that accounted for most of the year-on-year growth of 5% in the affiliation of workers to the social insurance scheme.

From a report by the Central Bank of Nicaragua:

On January 19, 2018, the Central Bank of Nicaragua (BCN) published statistics on the labor market (employment and salary) for the month of November 2017. 

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