Nicaragua marks 9 straight years with its unemployment rate below regional median
According to ECLAC data, Nicaragua recorded 3.1% in 2024 compared to a regional median of 5.2%, ranking 11th out of 14 reporting countries. The figure represents a change of −0.3 pp from 3.4% in 2023.
Current verified finding
Nicaragua has spent 9 years (2016–2024) with unemployment rate below the regional median; in 2024, 3.1% against 5.2%.
Evidence
Nicaragua: unemployment 2013–2024
The finding preserves the reviewed data even when the source publishes an update.
Snapshot technical details
Query fingerprint: sigev_952baa21a030d · The text, result, and records remain fixed to this review.
How we calculated it
We query series unemployment_rate_pct of dataset cepal-social-anual (CEPALSTAT) for the 14 countries between 2015 and 2024 in VerDat's normalised layer; we compute each year's median across the reporting countries (at least 8) and count the consecutive years, through 2024, in which Nicaragua sits strictly below it. We require at least 5 years. The chart shows the country's series; the values and the streak are re-verified automatically every day.
12 rows match the query; 12 results remain in the summary.
What it means and what it does not
The regional median is computed annually using only reporting countries, meaning it fluctuates with data coverage. This consecutive streak describes a relative position compared to the region rather than establishing causes. Additionally, ECLAC's annual average rate series relies on a harmonised base that may differ from official national figures.
Every indicator is a rate, index or ratio — compare and rank, never sum. Survey years differ by country; missing years are gaps, not zeros.
Verification
Records within the query
Records preserved in the editorial snapshot, using the same filters and partition as the chart.
| Period | Value | Year | Country | Indicator | Indicator group | Month |
|---|---|---|---|---|---|---|
| 2024 | 3.06 | 2024 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2023 | 3.36 | 2023 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2022 | 3.53 | 2022 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2021 | 4.52 | 2021 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2020 | 4.95 | 2020 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2019 | 5.43 | 2019 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2018 | 5.45 | 2018 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2017 | 3.68 | 2017 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2016 | 4.5 | 2016 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2015 | 5.9 | 2015 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2014 | 6.58 | 2014 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |
| 2013 | 5.75 | 2013 | nicaragua | Tasa de desocupación, ambos sexos | empleo | Not applicable (annual) |