The minimum wage in Nicaragua is established every year, there is no single minimum wage, but rather by sector of economic activity. It is established by keeping a relationship with the behavior of the inflation of the basic basket of goods and with the behavior of each sector of the economy during the preceding year.
MINIMUM WAGE YEAR 2023 PER ECONOMIC ACTIVITY
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Sector
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Minimum wage
In force for the year 2023 |
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Agricultural
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US$ 142.56
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Fishing
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US$ 216.77
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Mining and quarry
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US$ 256.03
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Manufacturing Industry
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US$ 191.69
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Micro and small craft industry and national tourism
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US$ 150.20
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Electricity, gas and water, commerce,
restaurant and hotels, transportation, storage
and communications
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US$ 261.49
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Construction, financial and insurance establishments
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US$ 319.04
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Community, social and personal services
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US$ 199.85
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Central and municipal government
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US$ 177.79
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Free Zone
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US$ 222.18
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The cost of labor is not based solely on the minimum wage but on the calculation of the workload, it means, social benefits and other legal obligations for the employer that are structured based on the basic salary.
Salary
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100%
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---|---|
Vacations
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8.33%
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Thirteenth month
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8.33%
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Compensation
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8.33%
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INSS Employer(21.50 % - 23 %)
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21.50%
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INATEC
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2%
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TOTAL OF WORK LOAD
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148.50%
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Year
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Salary
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1
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1 month salary
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2
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1 month salary
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3
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1 month salary
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4
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20 days of salary
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5
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20 days of salary
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6
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20 days of salary
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Maximum
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5 months of salary
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