Nicaragua

Real GDP grew by 4% in 2005, reflecting a loss of momentum of almost one percentage point with respect to 2004 and corresponding to per capita GDP of 1.9%. The open unemployment rate at the national level declined for the third consecutive year, from 6.5% to 5.6% national, while urban open unemployment stood at 7.0%. The real average wage increased significantly in the central government but remained unchanged for formal private-sector wage-earners. Official minimum wages were adjusted in May, when a nominal 16.5% increase was awarded for construction and financial sectors and 15% for other economic activities.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions