Nicaragua lost a decade of progress. Poverty increased to 44.4%

Poverty levels in Nicaragua have regressed a decade, according to a household survey, prepared by the International Foundation for the Global Economic Challenge (Fideg).

According to the document, in 2019, 44.4 percent of Nicaraguans lived in conditions of general poverty, that is, their consumption was less than 28,336 córdobas per year per person. While 8.9% were in extreme poverty.

2019 was the second year of economic recession, with a fall in GDP of -3.9%, which was manifested in the loss of hundreds of thousands of jobs, tens of thousands of INSS affiliates, business closures, and a drop in consumption.

The economic crisis is the result of the socio-political crisis that detonated as a reaction to the massacre perpetrated by the Daniel Ortega regime against citizens who demanded justice, democracy, and free elections after April 2018.

Fideg’s data for 2019 is similar to 2010 when the overall poverty level was 44.5 percent.

Read the full report in Spanish.