By: Ana Carolina Barquero
This March 1, 2024, the new adjustment to the Minimum Wage came into effect in the Republic of Nicaragua, which was approved by Minute number 1 of the Minimum Wage Commission (CNSM) of February twenty-ninth of the year two thousand twenty-four, the same It will be valid from March 1, 2024 to February 28, 2025.
The new salaries are as follows:
| Economic Sector | Valid from March 01, 2024 to February 28, 2025 | ||
| PERCENTAGE % | NEW MONTHLY SALARY IN C$ | APPROXIMATE NEW MONTHLY SALARY IN US$ | |
| Agricultural 1/ | 10.1% | 5,721.17 | 156.23 |
| Fishing | 10.1% | 8,699.23 | 237.00 |
| Mines and Quarries | 10.1% | 10,275.02 | 280.58 |
| Manufacturing industry | 10.1% | 7,692.75 | 210.06 |
| Industry subject to the special regime 2/ | 8% | 8,746.46 | 238.84 |
| Micro and small craft industry and national tourism | 10.1% | 10,493.79 | 164.60 |
| Electricity, Gas and Water, Commerce, Restaurants and Hotels Transportation, Storage and Communications | 10.1% | 9,531.14 | 286.55 |
| Construction, Financial and Insurance Establishments | 10.1% | 12,803.47 | 349.63 |
| Community, social and personal services | 10.1% | 8,020.47 | 219.01 |
| Central and Municipal Government | 10.1% | 7,134.52 | 194.82 |
*1More Food
*2 Valid until 31/12/2024
For more information on this and other legal issues, contact LatinAlliance Nicaragua, Lawyers and Notaries, to the following email address: abarquero@latinalliance.co