Nicaragua - Income

The US Central Intelligence Agency (CIA) reports that in 2001 Nicaragua's gross domestic product (GDP) was estimated at $12.3 billion. The per capita GDP was estimated at $2,500. The annual growth rate of GDP was estimated at 2.5%. The average inflation rate in 2001 was 7.4%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 33% of GDP, industry 23%, and services 69%.

According to the United Nations, in 2000 remittances from citizens working abroad totaled $320 million or about $63 per capita and accounted for approximately 13.2% of GDP. Worker remittances in 2001 totaled $335.7 million. Foreign aid receipts amounted to about $178 per capita.

The World Bank reports that in 1998 per capita household consumption (in constant 1995 US dollars) was $449. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. It was estimated that for the same period private consumption declined at an annual rate of 12%. The richest 10% of the population accounted for approximately 48.8% of household consumption and the poorest 10% approximately 0.7%. It was estimated that in 2001 about 50% of the population had incomes below the poverty line.

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Nov 14, 2010 @ 6:18 pm
So what does the average worker earn per year in dollars (or Cordobas)?
I live here in Nicaragua and the average unskilled construction worker here takes home(earns) C$1500(or aprox. $70)bi-monthly. $1680 per year. If he´s lucky enough to find a year long job but most only last a few months at best.
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May 30, 2014 @ 6:18 pm
this was the most helpful website out of all the ones I look at. I have a project to research a country and look stuff up. This website is wonderful.

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Jul 7, 2014 @ 12:12 pm
Got my answer here...thanks. We sponsor a child in Nicaragua.

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