Unemployment Rate in Nicaragua decreased to 5.20 percent in the fourth quarter of 2018 from 6.20 percent in the third quarter of 2018. Unemployment Rate in Nicaragua averaged 7.16 percent from 1963 until 2018, reaching an all time high of 17.80 percent in the fourth quarter of 1993 and a record low of 1.60 percent in the fourth quarter of 1963. source: Banco Central De Nicaragua

Unemployment Rate in Nicaragua is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Nicaragua to stand at 6.00 in 12 months time. In the long-term, the Nicaragua Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

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Nicaragua Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.20 6.20 17.80 1.60 1963 - 2018 percent Quarterly

Nicaragua Unemployment Rate
In Nicaragua, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Nicaragua Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 6.20 17.80 1.60 percent [+]
Wages 10.89 10.89 10.89 1.15 NIO Thousands/Month [+]
Population 6.47 6.39 6.47 1.77 Million [+]
Living Wage Family 7510.00 7510.00 7510.00 7510.00 NIO/Month [+]
Living Wage Individual 4680.00 4680.00 4680.00 4680.00 NIO/Month [+]
Wages High Skilled 13600.00 13000.00 13800.00 11900.00 NIO/Month [+]
Wages Low Skilled 5400.00 5450.00 5450.00 4110.00 NIO/Month [+]