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

Panama: Jobs Hires Down 2%

July 2018

After the increase of 2% reported in the number of work contracts in the first four months of the year with respect to the same period in 2017, data accumulated up to May registered a decrease of 2%.

The Office of the Comptroller General of the Republic reported that from January to May 2018 labor contracts registered at the national level amounted to 181,666, which is equivalent to a decrease of 1.5% compared to the 184,435 reported in the same period in 2017.

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:

Panama: Labor Contracts Up 21%

February 2018

In January 2018 the Ministry of Labor registered 24,508 labor contracts, 21% more than those reported in the same month in 2017.

The economic activity that registered the highest number of contracts in January 2018 was construction with 9,848, followed by wholesale and retail trade that added 5,201, and thirdly, administrative activities and support services with 2,648.

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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