In 2013, the national minimum wage in Nicaragua remained fixed at €109.9 per month, that is 1,319 euros per year, taking into account 12 payments per year.
If we look at the minimum salary in Nicaraguan cordobas, which is the official currency in Nicaragua, we can see that, this year, it was 3,484 Nicaraguan cordobas and accordingly, the national minimum wage has been raised 383 Nicaraguan cordobas per month from the previous year, 12.35%. This increase is greater than the CPI of 2012 which was 6.6%, so workers have gained buying power in the last year.
If we look at the ranking of the national minimum wage that we publish, Nicaragua is in 77 nd place, so it is among the countries with the lowest minimum salary of the 96 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Nicaragua. You can see NMW in other countries in National Minimum Wage 2013 and see all the information about this country in Nicaragua economy.