Monthly minimum wage in Nicaragua
Nicaragua: Monthly minimum wage was 7,693 in 2024. ◆ Volatile
Monthly minimum wage in Nicaragua, 1995–2024
Source: International Labour Organization.
Analysis
The most recent figure for monthly minimum wage in Nicaragua is 7,693, measured in 2024. That is the highest value across all 30 years on record.
That represents a change of up 10.1% on the previous year and up 99.7% over ten years.
Over the whole period, monthly minimum wage in Nicaragua peaked at 7,693 in 2024 and was at its lowest, 250, in 1995.
Nicaragua ranks 72nd of 173 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage in Nicaragua, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 250 | — |
| 1996 | 250 | +0.0% |
| 1997 | 500 | +100.0% |
| 1998 | 500 | +0.0% |
| 1999 | 600 | +20.0% |
| 2000 | 600 | +0.0% |
| 2001 | 670 | +11.7% |
| 2002 | 730 | +9.0% |
| 2003 | 825 | +13.0% |
| 2004 | 898 | +8.8% |
| 2005 | 1,033 | +15.0% |
| 2006 | 1,213 | +17.4% |
| 2007 | 1,431 | +18.0% |
| 2008 | 1,646 | +15.0% |
| 2009 | 2,156 | +31.0% |
| 2010 | 2,422 | +12.4% |
| 2011 | 2,747 | +13.4% |
| 2012 | 3,101 | +12.9% |
| 2013 | 3,484 | +12.4% |
| 2014 | 3,851 | +10.5% |
| 2015 | 4,286 | +11.3% |
| 2016 | 4,680 | +9.2% |
| 2017 | 5,074 | +8.4% |
| 2018 | 5,616 | +10.7% |
| 2019 | 5,616 | +0.0% |
| 2020 | 5,763 | +2.6% |
| 2021 | 5,936 | +3.0% |
| 2022 | 6,352 | +7.0% |
| 2023 | 6,987 | +10.0% |
| 2024 | 7,693 | +10.1% |
Nicaragua compared with similar countries
- Nicaragua's 7,693 is below the median for lower middle income countries, which is 12,004, 64% of the median. (42 countries reporting)
- Nicaragua's 7,693 is above the median for Latin America & Caribbean, which is 2,922, 2.6× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Monthly minimum wage in Nicaragua changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +100.0% | 250 | 500 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 420 | 250 | 600 | 5 |
| 2000s | 1,120 | 600 | 2,156 | 10 |
| 2010s | 4,088 | 2,422 | 5,616 | 10 |
| 2020s | 6,546 | 5,763 | 7,693 | 5 |
Countries ranked near Nicaragua
More work & labour data for Nicaragua
- Population - Est. & Proj. — Total Population - Both sexes, annual 1.36 % change on previous year (2024)
- Population - Est. & Proj. — Total Population - Male, annual growth 1.41 % change on previous year (2023)
- Population - Est. & Proj. — Total Population - Female, annual growth 1.36 % change on previous year (2023)
- Population - Est. & Proj. — Rural population, annual growth rate 0.2248 % change on previous year (2023)
- Population - Est. & Proj. — Urban population, annual growth rate 1.45 % change on previous year (2023)
- Population - Est. & Proj. — Urban population 3,954 1000 No (2023)
- Population - Est. & Proj. — Rural population 2,653 1000 No (2023)
- Population - Est. & Proj. — Total Population - Female 3,468 1000 No (2023)
- Population - Est. & Proj. — Total Population - Male 3,356 1000 No (2023)
- Population - Est. & Proj. — Total Population - Both sexes 6,916 1000 No (2024)
Frequently asked questions
- What is monthly minimum wage in Nicaragua?
- Monthly minimum wage in Nicaragua was 7,693 in 2024, according to International Labour Organization.
- What is the highest monthly minimum wage recorded in Nicaragua?
- The highest recorded value was 7,693 in 2024.
- What is the lowest monthly minimum wage recorded in Nicaragua?
- The lowest recorded value was 250 in 1995.
- How does Nicaragua rank for monthly minimum wage?
- Nicaragua ranks 72nd out of 173 countries with data for 2024.
- Is monthly minimum wage rising or falling in Nicaragua?
- Over the last ten years it is up 99.7%. The long-run trend across the full record is volatile.
- Where does this Nicaragua data come from?
- The figures come from International Labour Organization, published as part of Monthly minimum wage. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Data refer to the minimum monthly earnings of all employees as of December 31st of each year. Minimum wages are not reported for countries for which collective bargaining is in place for minimum wages. In cases where a national minimum wage is not mandated, the minimum wage in place in the capital or major city is used. In some cases, an average of multiple regional minimum wages is used. In countries where the minimum wage is set at the sectoral level or occupational level, the minimum wage for manufacturing or unskilled workers is generally applied. Data are converted to U.S. dollars as the common currency, using exchange rates or purchasing power parity (PPP) rates rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries. For more information, refer to the Wages and Working Time Statistics (COND) database description.