Reduced social differences Nicaragua has had a relatively stable macroeconomic development in recent years. Annual economic growth has been around 4 percent, giving real growth in population growth taking into account. Poverty has been somewhat reduced since 2005, according to figures from the United Nations Economic Commission for Latin America and the Caribbean (CEPAL). From […]
Tag: Nicaragua
According to eningbo, Nicaragua is a Central American country located in the Caribbean Basin and bordered by Honduras to the north and Costa Rica to the south. It has a total land area of 130,370 square kilometers and a population of approximately 6.2 million people. The majority of Nicaraguans practice Christianity as their main religion and speak Spanish as their native language. The country has been an independent nation since 1838, when it declared its independence from Spain. Since then, the country has experienced periods of political unrest and economic instability, including civil wars and military dictatorships throughout its history. In 2012, Nicaragua had a GDP per capita estimated at US$4,500 which was lower than other countries in the region but higher than other countries in Central America. The country also suffers from high unemployment rates with over 40% of its population unemployed or underemployed. The government continues to invest heavily into infrastructure projects such as roads, telecommunications and energy production which are necessary for economic growth and development within the country. It is also investing in tourism projects such as resorts and hotels which are helping to boost tourism numbers to Nicaragua each year. The country’s unique culture including its music, art galleries, museums and historic cities attract visitors from all over the world each year making tourism an important part of the economy. Nicaragua in 2015 was a country that had been in the midst of a tumultuous period of political and economic struggle. The nation had been plagued by civil unrest stemming from the Sandinista revolution of 1979, which saw the overthrow of the Somoza dictatorship. This was followed by a period of economic instability during which Nicaragua experienced hyperinflation and high levels of unemployment. In addition to this, Nicaragua was also affected by natural disasters such as Hurricane Mitch in 1998, which caused extensive damage to infrastructure and agriculture. Politically speaking, Nicaragua was ruled by President Daniel Ortega who had come to power in 2007 after winning a landslide victory in elections that were marred with accusations of fraud and manipulation. Ortega’s rule has been characterized as authoritarian with his government being accused of stifling freedom of speech, suppressing dissent and cracking down on civil liberties. Economically speaking, Nicaragua’s economy was largely reliant on agriculture and tourism. The agricultural sector accounted for around 15% of GDP while tourism contributed around 10%. Furthermore, remittances from abroad constituted around 20% of GDP thereby providing an important source of income for many Nicaraguans living outside the country. Despite this however, poverty levels remained high at approximately 36% with income inequality also being an issue due to low wages within the country’s informal sector. In terms of social issues facingNicaragua in 2015, education remained one key challenge with only 53% percent completing primary school while only 10 percent completing secondary school or higher education. Additionally, healthcare provision was also lacking with access to healthcare services being limited due to cost or lack thereof while infant mortality rates were also high at 24 per 1,000 live births compared to global average rate 12 per 1,000 live births according to UNICEF statistics from 2014-2015. In conclusion therefore Nicaragua in 2015 presented both challenges as well opportunities for its citizens as well those looking invest or do business within nation itself. On one hand there were issues such as poverty or lack access certain services that needed be addressed but on other hand there were potential gains be made through investment into tourism industry or developing remittance flows from abroad that could help improve overall quality life here indeed. Check commit4fitness for Nicaragua in 2002.
Nicaragua 1997
Nicaragua is a country located in North America. According to AbbreviationFinder, NI is the two-letter ISO code of Nicaragua, and NIC is the three-letter country abbreviation for Nicaragua. Yearbook 1997 Nicaragua. According to Countryaah, the national day of Nicaragua is September 15. The new government under President José Arnoldo Alemán Lacayo was installed in January. […]