Nicaragua: Formal Employment Drops Due to Crisis

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.

Wednesday, May 16, 2018

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.

The statement reports that " ... In interannual terms, the economic activities that experienced an increase were: electricity, gas and water (9.9%); the manufacturing industry (4.7%); finance (1.4%); and the agricultural sector (1.1%). On the other hand, transport and communications, mines and quarries, construction, commerce and communal social and personal services showed reductions in the number of affiliates."

"... Likewise, it was observed that the nominal average salary of affiliates stood at 10,737.8 córdobas, registering an interannual growth of 11.1 percent. For its part, average real salaries of affiliates showed a year-on-year increase of 5.9 percent, standing at 4,828.7 córdobas in 2006. "

See BCN statistics. (In Spanish)

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More on this topic

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:

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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