Unemployment in Nicaragua
The unemployment rate in Nicaragua averaged 5.0% in the decade to 2022, below the 8.6% average for Central America and the Caribbean. The unemployment rate in 2022 was 3.5%. For more unemployment information, visit our dedicated page.
Nicaragua Unemployment Chart
Note: This chart displays Unemployment Rate for Nicaragua from 2022 to 2021.
Source: Macrobond.
Nicaragua Unemployment Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 5.6 | 5.0 | 4.5 | 3.5 | 3.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Nicaraguan unemployment projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Nicaraguan unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Nicaraguan unemployment projections.
Want to get access to the full dataset of Nicaraguan unemployment forecasts? Send an email to info@focus-economics.com.