The Ministry of Labor approved a 10.4% increase in minimum wages for the different economic sectors of the country, with the exception of the free trade zones, which increase will be of 8.25%. 50% of the increase will be applied from March 1 and the remaining 50% will be applicable from September 1st, 2018. For free trade zones the total increase applies as of March 1st, 2018.
With this new adjustment, Nicaraguan average minimum wage is approximately one hundred and sixty dollars (US $160.00). These minimum wage adjustments will also be applicable to the retirement pensions contemplated by the Social Security Law. In accordance with current legislation, minimum wage is reviewed every six months, and new negotiations must take place at the beginning of 2019.