Unemployment Rate in Nicaragua increased to 5.40 percent in the second quarter of 2020 from 4.80 percent in the first quarter of 2020. source: Banco Central De Nicaragua

Unemployment Rate in Nicaragua averaged 6.96 percent from 1963 until 2020, 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. This page provides - Nicaragua Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nicaragua Unemployment Rate - values, historical data and charts - was last updated on November of 2020.

Unemployment Rate in Nicaragua is expected to be 7.50 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 7.10 in 12 months time. In the long-term, the Nicaragua Unemployment Rate is projected to trend around 6.90 percent in 2021 and 6.30 percent in 2022, according to our econometric models.

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Nicaragua Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.40 4.80 17.80 1.60 1963 - 2020 percent Quarterly

Nicaragua Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.40 4.80 17.80 1.60 percent [+]
Wages 10.98 10.98 10.98 1.15 NIO Thousands/Month [+]
Population 6.54 6.47 6.54 1.77 Million [+]


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.