Skilled and highly productive workforce
Nicaragua's population is characterized by its youth: 76 percent is below the age of 40, which constitutes a competitive advantage for the country.
According to the National Institute of Development Information (INIDE, for its acronym in Spanish), the estimated national population to date is 6.5 million people, 51 percent being female and 49 percent male.
The workforce in Nicaragua is young and dynamic, it is known for being flexible and highly productive, with good work ethics, a great capacity for fast learning, and low rates of absenteeism and turn over. All these qualities have positioned Nicaragua as one of the most competitive and productive countries in the region, especially in terms of human capital.
- 76% of the population under 40 years of age
- 3.5 million people in the labor force 2019
- 35 thousand new professionals in 2018
The most representative economic activity in Nicaragua is a mix of agriculture, hunting, forestry, and fishing. But, commerce, social and community services, and manufacturing are gainig importance day by day.
Source: National Institute of Development Information (2019).
The Nicaraguan Government’s education expenditures, including public universities, amount to approximately 23 percent of the GDP.
The National Council of Universities has an estimated total enrollment of over 125,664 students in the different higher education institutions, which constitutes additional workforce in the near future.
Additionally, the results of a study carried out by PRONicaragua about the English-speaking population showed that in 2016, there were almost 22,558 students learning English in public and private language centers, which proves a high interest in learning an additional language.