Nicaragua Unemployment and Underemployment
Sources: The Library of Congress Country Studies; CIA World Factbook
Reliable labor statistics are difficult to obtain, but nearly half of Nicaragua's work force was estimated to be unemployed or underemployed in 1990. Many Nicaraguan workers eke out speculative incomes in the burgeoning informal sector, which encompasses about 55 percent of the economically active population. After several years of hyperinflation in the late 1980s had eroded conventional salaries, thousands of Nicaraguans chose to cast their lot as black marketeers, street vendors, taxicab drivers, and other persons earning their livings on the streets. Almost everyone sought some means to augment or replace inflation-ruined salaries.
Data as of December 1993
NOTE: The information regarding Nicaragua on this page is re-published from The Library of Congress Country Studies and the CIA World Factbook. No claims are made regarding the accuracy of Nicaragua Unemployment and Underemployment information contained here. All suggestions for corrections of any errors about Nicaragua Unemployment and Underemployment should be addressed to the Library of Congress and the CIA.