Nicaragua: Minimum Wage in Free Zones Raised by 8%

In January the minimum monthly wage in companies operating under the free zone regime will change from $159 to $171.

Friday, January 8, 2016

The adjustment which has been in force since January this year is the result of multi-year tripartite agreement signed in December 2012 and applied to 109,000 employees working in free zone enterprises. This was reported to by Dean Garcia, executive director of the Nicaraguan Association of Textiles and Apparel (Anitec).

The agreement set increases for the years 2014, 2015, 2016 and 2017. This adjustment to the minimum wage came into force on the 1st of January.

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On January 5th, 2019, an 8.25% increase in the minimum wage for workers in free trade zones came into effect in Nicaragua.

According to the Ministry of Labor, the minimum monthly wage in the free trade zones last year reached $168 during 2018, and with the increase in force since the beginning of the year, the minimum monthly payment will be $182.

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A Peruvian spinning mill is to invest $15 million in Las Mercedes Industrial Park, and soon three other companies from the call center and textile sectors will be setting up there too.

Dean Garcia, executive director of the Nicaraguan Association of Textile and Apparel (Anitec), told that "...

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Wages of $150 make Nicaragua a magnet for investments in the region seeking competitive costs.

The Nicaraguan economy is backing competitiveness through lower wages, giving it an advantage over its Central American neighbors.

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Free Zone Salary Agreement Struck in Nicaragua

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Salaries for workers in Nicaraguan Free Zones will increase 8% in 2011, 9% in 2012 and 10% 2013.

The agreement was negotiated between businesses, government and worker unions, and will be signed on the next Friday.

Roberto González, head of worker's union CST stated that "the agreement includes other 'social' components, to increase the real salary of workers, such as food packs sold at a lower price for workers and the construction of one thousand social housing units for them".

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