During recent years, the country has been experiencing an unprecedented increase in various sectors, such as textiles, services, tourism and agrobusiness. The government has recognized the value of foreign investment in the projection of the economic growth, and therefore offers various incentives for investment in Nicaragua.
Nicaragua is known for its hard-working and capable workforce, known to have a quick learning curve and a low rate of absenteeism.
Currently, Nicaragua is experiencing a return of people who had left the country, enriching the labor market with the intercultural experience and business skills acquired abroad.
- Official Name: Republic of Nicaragua
- Languages: Spanish (Official), Indigenous languages: Miskito, Sumo and Rama.
- Capital: Managua (founded in 1522)
- Population: 6,351,157
- Internet Penetration: 42%
- Internet Users: 2,700,000
- Internet Country Code: .ni
- Ethnic Groups: Amerindian 5%, white 11%, Mestizos 69%, African Descent 9%
- Total Area: 130,370 km2
- Mobile Lines: 116%
- Political Division: 415 departments, 2 autonomous regions
- Currency: Cordoba / Gold
- PIB per Capita (USD): $1,367
San Juan of Sur
Managua, the capital of Nicaragua is by far the country’s largest city. Managua is the center of Nicaraguan transportation, commerce, finance, and manufacturing; is a major cultural and educational site. Built over geologic fault lines, Managua was badly damaged by earthquakes in 1931 and 1972, and most of its central area has never been rebuilt.
León (city, Nicaragua), western Nicaragua, capital of Leon Department. Leon is the transportation and cotton-trading center for the surrounding agricultural region. Manufactures include furniture, shoes, and leather goods.
Granada, southwestern Nicaragua, is the capital of Granada Department, on the northwestern shore of Lake Nicaragua. It is the chief port on the lake and one of the nation’s leading commercial, transportation, and manufacturing centers. Products include chemicals, textiles, and processed food. Nearby are Mombacho volcano and a group of scenic islands in the lake, the largest of which is Zapatera. These support a growing tourist industry.