Nicaragua is a Central American nation with a multi-ethnic population of 6 million, speaking primarily Spanish, as well as indigenous languages. It is also home to the second-largest rainforest in the Americas. The biodiversity is reflected in its warm tropical climate and active volcanoes, making it an increasingly popular tourism destination. Protecting the environment is a strong focus of its government which recently made news by being one of the few nations not to sign the Paris Climate Accord because it was not strict enough (although it eventually became a signatory in 2017).

Nicaragua has been struggling to overcome the aftermath effects of autocracy, natural calamities, and political war, which has left the nation as one of poorest in the Western hemisphere. The nation also has a high rate of poverty and underemployment. Agriculture and textile account for Nicaragua’s 50% exports while coffee, gold, and beef are the country’s most export products.

Average Monthly Earnings

Employment-to-Population Ratio

Unemployment Rate

Employment by Sector

Agriculture 31.1%
Industry 17.5%
Services 50.3%

Employment Distribution by Education

Age 15+

Less than Basic 33.7%
Basic 34.7%
Intermediate 20.9%
Advanced 9.6%
Level Not Stated 1.1%

Age 15-24

Less than Basic 23.6%
Basic 44.9%
Intermediate 27.1%
Advanced 3.7%
Level Not Stated 0.7%

Age 15-64

Less than Basic 31.6%
Basic 35.7%
Intermediate 21.8%
Advanced 9.9%
Level Not Stated 1.0%

Age 25+

Less than Basic 36.7%
Basic 31.7%
Intermediate 19.1%
Advanced 11.3%
Level Not Stated 1.2%

Schedule a Demo

In France, dismissals are considered wrongful when the proper procedure has not been followed, this relates to if an employee has not been given notice.
#FranceLaborLaws #GlobalPeopleStrategist #GlobalCompliance #ComplianceUpdates

The statutory paternity pay in the UK is now GPB 156.66 pounds per week or 90% of the employee’s average weekly earnings
#UK #paternitypay #globalpeoplestrategist #globalcompliance #complianceupdates

Employment Rights in Denmark
Denmark, for the longest time, did not have an exclusive body governing matters such as working time, annual leave, maternity, and other parenthood-related leave. Read More #EmploymentRights #Denmark #GlobalPeopleStrategist

Labor Policies in South Korea
In 2018, the South Korean Labor Standards Act (the LSA) stated that an employee could work for a maximum of 52 hours instead of 68 hours per week. Read More #LaborPolicies #SouthKorea #GlobalPeopleStrategist

Starting Jan 1, 2022, employer contribution for social security will be capped at EUR 4,000 per quarter for new employers in Belgium
#Belgium #nationalretirementscheme #globalpeoplestrategist #globalcompliance #complianceupdates

Load More...