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General Competitive Advantages of Nicaragua
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Nicaragua has become a very attractive country for the new investors to establish, and for already existing companies to relocate, given its cost comparative advantage, propicious environment, fairly easy process of approvement, and overall welcoming ENVIRONMENT.
What Nicaragua has that other countries don't? One of Nicaragua's competitive advantage is its workforce:
- Abundant workforce: 5 Million people, 65% are under age of 25, 65% live in the area of Pacific Coast. Unemployment is 15%, underemployment - 40%.
- Workforce in Nicaragua is known for its strength, flexibility, high productivity, good work habits, easy learning when properly trained
- Labor cost: minimum wage: $0.37 per hour, market wage: $0.67 per hour.
- Labor productivity: Nicaragua is on the second place in "productivity comparisson" between the CA countries, second only to Costa Rica.
But Looking through the eyes of investor, low labor costs are not enough, so Nicaragua offers what any investor's looking for:
- Liability
- High quality and productivity
- Los operational costs
- Flexible governmental environment: in terms of good business climate and political visibility
For more information on operational costs, CA cost comparisson, labor structure, click here
For more information on government institutions and government environment, click here