Tagged: Nicaragua

According to physicscat, Nicaragua is a Central American country located between Honduras and Costa Rica. It has a population of approximately 6 million and the official language is Spanish. The currency is the Nicaraguan Cordoba. The capital city is Managua which is known for its colonial-style architecture, bustling markets and vibrant culture. In 2013, Nicaragua had a GDP per capita of US$1,800 according to World Bank estimates from that year. This made it one of the poorest countries in the world with a low standard of living and a high poverty rate. The economy of Nicaragua is largely based on agriculture with services being an important contributor to GDP. In addition to this, the country has a small but growing manufacturing sector due to its abundant natural resources and relatively low labor costs. Additionally, Nicaragua is a major exporter of coffee, sugar, bananas and seafood. In terms of social development, Nicaragua has made significant progress over recent years in terms of reducing poverty and inequality as well as improving life expectancy and literacy rates. Moreover, the country has achieved gender equality in many areas such as education, health care and job opportunities. Crime levels are relatively high compared to other countries in Central America but there are still some measures being put in place by the government to combat this issue. Nicaragua in 2014 was one of the poorest countries in Central America. With a population of just over 6 million people, Nicaragua is one of the least densely populated countries in the region. The majority of the population lives in rural areas and relies heavily on agriculture for their livelihoods. The Nicaraguan economy is largely driven by agriculture and tourism with new investments from international companies such as Mexico, China and Venezuela helping to drive economic growth. In addition to this, tourism is a growing industry with more tourists coming to visit Nicaragua’s vibrant cities each year. Education levels are still relatively low across the country with primary school enrolment now at only 83%. Healthcare is also still lagging behind with limited access to basic medical care available to only a few people. In 2014 Nicaragua was making slow but steady progress towards socio-economic development but still had a long way to go before it could be considered a developed nation. Despite its limited natural resources, Nicaraguans were optimistic about their future and were determined to build an independent and prosperous nation for themselves and their children. Check businesscarriers for Nicaragua Economics and Business.