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Nicaragua Annual Unemployment Rate

Nicaragua's annual unemployment rate fell to 4.57% in 2024, down from 4.72% in 2023, according to World Bank. This represents a decrease of 0.15% from the previous year. Nicaragua has annual unemployment rate lower than the global median (4.57% vs median 5.23%). Compared with the median in Americas, Nicaragua is lower (4.57% vs regional median 6.45%) and ranks 26th out of 33 countries in Americas.

Yearly Historical Data (1991-2024)

(in %)
Year Annual Unemployment Rate (%)
2024 4.57%
2023 4.72%
2022 4.96%
2021 6.12%
2020 6.2%
2019 5.47%
2018 5.2%
2017 3.3%
2016 3.9%
2015 4.7%
2014 4.52%
2013 5.28%
2012 5.21%
2011 6.62%
2010 7.83%
2009 8.16%
2008 6.2%
2007 4.89%
2006 5.31%
2005 5.37%
2004 6.41%
2003 7.6%
2002 7.51%
2001 7.2%
2000 7.16%
1999 7.16%
1998 7.19%
1997 7.08%
1996 7.1%
1995 7.41%
1994 7.68%
1993 7.86%
1992 7.84%
1991 7.95%
Nicaragua Annual Unemployment Rate : Definition
Annual Unemployment Rate measures the percentage of Nicaragua's labor force that is looking for work but does not have a job.
Indicator Last Value Prior Value Period
Female Labor Force Rate 50.1% 49.98% 2024
Unemployment Rate 2.2% 2.4% Aug'25