Nicaragua Unemployment Rate

Nicaragua's unemployment rate fell to 2.2% in August 2025, the lowest since December 2024, from 2.4% in July 2025. This decrease aligns with employment-promoting policies and investment in key sectors like hospitality, tourism, mining, energy, trade and construction. Remittances from Nicaraguans abroad bolster economic stability and consumer spending. The Central Bank of Nicaragua forecasts ongoing economic expansion and labor market stability for 2024 with unemployment expected below 3.5%. Nicaragua's record low unemployment rate was 2% in December 2024 and record high was 6.2% in September 2018.