Nicaragua  Minimum Wage, Labor Law, and Employment Data Sheet Nicaragua Minimum Wage Rate 2024

Appx. Yearly Minimum Wage
$2,218.00 USD
Rank by Min. Wage
73 / 197
Gross National Product
$1,988.00 USD

Nicaragua has a government-mandated minimum wage, and no worker in Nicaragua can be paid less then this mandatory minimum rate of pay. Employers in Nicaragua who fail to pay the Minimum Wage may be subject to punishment by Nicaragua's government.

What is the Nicaragua Minimum Wage?

Nicaragua's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.

Nicaragua's minimum wage is set for nine different economic sectors. The minimum wage ranges from 3,187.43 Nicaraguan córdobas a month in the agricultural sector to 7,133.44 córdobas a month in the financial sector. Nicaragua's minimum wage was last changed in 1-Sep-2015.

How does Nicaragua's minimum wage compare to the minimum wage in other countries?

Nicaragua's yearly minimum wage is $2,218.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 73 countries with a higher Minimum Wage then Nicaragua, and Nicaragua is in the top 37 percent of all countries based on the yearly minimum wage rate.

Facts and statistics about Nicaragua

Nicaragua is a country located in the Central America region with a population of 5,074,000 and an average life span of 68.7 years.

Local Name Nicaragua
Gross National Product $1,988.00
Government Type Republic
Current Leader Arnoldo Alemán Lacayo
Independence Year 1838
Continent & Region North America, Central America
Surface Area 130,000 square kilometers
ISO 3166 Country Code NI

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