Nicaragua: Formal Employment Continues to Grow

During the last five years the number of workers affiliated to the social insurance scheme increased by 35%, rising from 673 thousand in 2013 to 914 thousand in 2017.

Wednesday, February 21, 2018

According to figures from the Central Bank of Nicaragua, in the five-year period between 2013 and 2017, the affiliation of workers to the Nicaraguan Institute of Social Security (INSS) registered sustained growth, reporting an average annual increase of 8%.

For the period in question, the economic sectors that reported the greatest increases were Commerce, Construction and Transportation, registering growths of 71%, 59% and 47% respectively. 

All economic activities registered increases in the number of workers registered with the INSS, however, the sectors that grew least were Manufacturing Industries with 9%, Mines and Quarries with 16%, and Agriculture with 24%. 

More on this topic

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:

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. 

Panama: Labor Hiring Down 2%

January 2018

The fall recorded in employment contracts signed between 2016 and 2017 contrasts with the increase of 5% reported between 2015 and 2016.

According to figures from the Panamanian Ministry of Labor and Labor Development, from January to December 2017, 283,358 contracts were registered at the entity's headquarters, of which 122,169 were for a fixed term, 85,573 for specific works and 75,616 for an indefinite period.

Nicaragua: Labor Contracts Up 6% - October 2017

December 2017

Commerce, hotels and restaurants were the sectors that accounted for most of the year-on-year growth of 5.7% in the affiliation of workers with the social insurance scheme.

From a report by the Central Bank of Nicaragua:

The Central Bank of Nicaragua (BCN) published, on December 11, 2017, statistics on the labor market (employment and salary) corresponding to the month of October.

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