Safety and Security and Stability (Personal and Investment)
According to INCAE, the Harvard Business school affiliate in Nicaragua, Nicaragua is the safest country in all of Central America. The Inter-American Institute on Human Rights, and a survey of police forces in the Americas, supports this claim and places Managua as the safest capital in the region, and Nicaragua as the safest country in Central America, and among the safest countries in the world. Recent studies also point to Nicaragua’s low reported crime rate – lower than in Germany, France or the U.S.
One reason for the low crime rates is thought to be Nicaragua’s rejection of the kind of mano dura (iron fist) polices used by other countries in Central America. The policy change took place following the 1979 Sandinista Revolution against the Somoza dictatorship. The new leadership didn’t want the policing system to resemble the hated Somoza Guard. Instead it set up “neighborhood watch” organizations that still persist today, and a community-based police force focused on crime prevention. It is thought that this, combined with migration patterns, helps explain why Nicaragua has not developed the notorious gang culture associated with neighbors, in particular El Salvador, Guatemala and Honduras.
For police emergencies, dial 118
For traffic accidents, dial 119
To contact the U.S. Embassy in Managua, dial (505) 266-6010 or 268-0123
For more about safety in Nicaragua, read the Nicaragua Consular Information Sheet.
Despite global economic turbulence, Nicaragua has stood out for maintaining growth levels above the average for Latin America and the Caribbean. Disciplined macroeconomic policies, combined with a steady expansion of exports and foreign direct investment, helped Nicaragua to weather the global economic crisis of 2008-09, rising food and oil prices. By 2011, growth had accelerated to reach a record 6.2 percent, later declining to 5.1 and 4.6 percent for 2012 and 2013, respectively.
While country’s Gross Domestic Product (GDP) shrank to a 3.9 percent in 2015, the lowest rate in the last five years, GDP forecast for 2016 is 4.2 percent. Foreign direct investment and trade also show an improved outlook.
Nicaragua’s macroeconomic stability has allowed the country’s decision makers to shift from crisis control mode to longer-term, pioneering strategies to fight poverty, particularly in remote rural communities. Massive debt relief by the International Development Association (IDA) , the World Bank’s fund for the poorest countries, has helped make this shift possible. According to the 2014 Standard of Living Survey by the National Development Information Institute, between 2009 and 2014 general poverty in Nicaragua dropped 13 percent, from 42.5 percent to 29.6 percent; while in the same period extreme poverty dropped 6 percent, from 14.6 to 8.3 percent.
Despite this progress, Nicaragua is still one of Latin America’s least developed countries, where access to basic services is still a daily challenge. Poverty, although declining steadily in recent years, remains high.
To better reach the country’s vulnerable families, IDA projects leverage local initiatives that stretch limited resources further and deliver sustainable results. Examples of these include the improvement of “casas maternas” , health facilities which are supported by local NGOs and volunteers to provide pre- and post-natal health care to expecting mothers; and the coordination of community participation associations known as “módulos comunitarios de adoquines” to build rural roads using local labor.
To this end, Nicaragua’s National Plan for Human Development (PNDH) has being updated through 2016. Its overall objective is to reduce inequality by increasing the fight against poverty, reducing spending, and increasing investment in social sectors and rural infrastructure.
- What good stuff the government is doing / has been doing (infrastructure and growth, more capitalist etc)
- How countries around the world
- The history created a time capsule that preserved the unspoiled natural wonder
- A ‘second chance’
- We are so far behind we are now ahead
- Second mover advantage
Global leader in sustainable energy:
Not to be outdone by its Tico neighbors, Nicaragua saw renewables comprise up to 54 percent of all electricity production in June 2015. How’d Nicaragua do it? In 2007, the then-president began emphasizing renewable energy investments. By 2012, Nicaragua invested the fifth-highest percentage worldwide of its GDP in developing renewable energy. Next on the to-do list: The country is aiming for 90-percent renewable energy by 2020, with the majority of energy coming from wind, solar, and geothermal sources.
Nicaragua Shift to Renewable Energy “Video”
Nicaragua, the world’s unlikely champion of gender equality:
Nicaragua has made the most progress in narrowing its gender gap over the past 10 years, according to a World Economic Forum Report released Nov. 19 2015. The group’s “gender gap index” for the country rose to 78% in 2015 from 66% in 2006, as women there scored big gains in health, education and political representation. The measure for total equality is 100%.
Nicaragua ranks at the top for gender equality in educational attainment. Nearly half of Nicaraguan girls are enrolled in secondary education, above the 42% rate for Nicaraguan boys. Nicaragua also gets the highest gender-equality score for health and survival. One area in which Nicaraguan women are objectively better off than their counterparts in more developed countries is in politics. Women make up more than 40% of lawmakers, senior officials and managers, a much higher rate than France’s 33% and Japan’s 9%.
Freedom ‘to be the you that you want to be’ – getting out of the rat race
There are just many things to do in Nicaragua, something for just about any kind of traveler: beautiful colonial cities; interesting culture and art; a complicated yet fascinating history; very friendly people; lush nature; great wildlife and volcanoes.
Incredible, unique properties that cannot be found anywhere else within a stone’s throw of USA
Why has Nicaragua become an attractive destination for foreign investments? There are several factors. One of them is that Central America is becoming a globalized marketplace in America and Nicaragua, as part of the Central American Region, is very attractive for investment, due, among other reasons, its privileged geographic location and the security of the country dealing with violence and organized crime.
Another factor is the legal framework that has been modernized to reflect the demands and trends of new companies, thus encouraging not only foreign but also local investment, by means of incentives such as exemptions and waivers in certain sectors of the Nicaraguan business activity.
If you’re looking for the ultimate place to soak up the sun and enjoy the cool tranquility of water, look no further than Nicaragua. With beaches stretching along both the Pacific Ocean and Caribbean Sea, as well a number of inland lakes and rivers, you will have no shortage of beautiful beaches to enjoy in this stunning country. In fact, many visitors have come to view Nicaragua as the ultimate beach holiday destination.
Nicaragua has all kinds of beaches imaginable, from dark sand to white sand to virgin and wild beaches with an abundance of wildlife refuges and resorts to choose from. Nicaragua has a total stretch of an unbelievable 305km of Pacific Coast and 450 km of Caribbean Coast.
The many beaches in Nicaragua are popular for a variety of reasons. Some are favored by surfers while others provide arguably some of the best windsurfing conditions in the country. Still others are known for their lively resort environment where holiday makers gather each holiday season to relax and unwind from the stresses of life. If you’re pursuing some specific hobby or sport whilst in the country, we recommend that you research which beaches will serve you best as there are so many to choose from.
The main beaches along Nicaragua’s Pacific Coast are Montelimar, San Juan del Sur, La Flor, La Boquita and Pochomil. However these are certainly not the only beaches available. Some are closely guarded surfing secrets while others are somewhat rocky and not generally enjoyed by swimmers and sunbathers. Virtually every town along the Pacific Coast features its own little beach. Corinto, for instance, is popular with visiting windsurfers and sunbathing locals alike. The western or Caribbean Coast is not as well suited to cater for tourism, but offers some unparalleled opportunities to enjoy the wonders of nature. Largely untouched by modern development, you will be able to experience beautiful coral reefs, crystal clear waters and a brush with the locals. Better suited to nature lovers than to sun bathers, the Caribbean Coast is one of Nicaragua’s best kept secrets.
Other great spots include Xiloa Lagoon, Lake Nicaragua and Ometepe Island. Carved by the forces of nature, these incredibly beautiful lakes and lagoons are every bit as enjoyable as the beaches lining the sea. If you’re planning on visiting this spectacular country, remember that there are mountains, volcanoes and lush rain forest to be explored. Why not see if you can get a taste for both of them during your vacation in this dazzling country? It’s the opportunity of a lifetime!
Look at the list below to get a description of these beautiful beaches:
Pochomil beach is situated on Managua’s Pacific Coast. After Montelimar this beach is the nearest beach to the capital city, being only 60km away. It is perhaps the most popular beach among the people of Managua. It is popular for relaxing in the sun, bathing and tanning as well as for horseback riding. Many restaurants are situated along Pochomil with the most delectable fresh seafood dishes available.
Montelimar Beach is the closest beach to Managua city. It consists of 3km of white-sandy beaches and a resort that is managed by the Barceló Hotel chain. This beach is considered to be home to one of the most complete and most beautiful beach resorts in Central America.
La Boquita Beach:
La Boquita attracts thousands of visitors each year during the holiday season. It is situated on the Pacific Coast approximately 70 km of Managua. It is the biggest tourist hub in Nicaragua, with a tourist complex that features an abundance of chic hotels, world class restaurants, bars and clubs. Despite its popularity it is also considered as one of the cleanest beaches in the country.
El Velero has awesome swells, crystal clear waters and a perfect white sandy beach. Located in Leon, it is very popular among surfers from all over the world.
San Juan Del Sur:
San Juan Del Sur beach is located about 130 km South East of Managua city. It is without a doubt the most visited beach in Central America. It is the perfect destination for water sports such as surfing, jet skiing, fishing, diving, snorkeling and bathing. This beach is a very popular holiday destination for people from all around the world and may get a little crowded during the National Holidays when radio stations, discos and other companies organize all sorts of parties along the beach.
Las Penitas is situated a mere 20 km west of Leon. It is a calm, tranquil beach – the perfect destination to enjoy the sun in a peaceful environment.
La Flor Beach:
Located 20 km south of San Juan del Sur, La Flor Beach is a wildlife refuge for all the different types of sea turtles that come here between July and January each year to lay their eggs. This beach is one of the five places on earth where these miraculous animals come to perform their annual ritual.
When the Mombacho Volcano erupted thousands of years ago, it threw huge rocks into Lake Nicaragua. As a result of this violent eruption 365 islets were formed in front of Granada. The islets differ in size between a hundred square meters and over one hundred hectares. The wild nature, resident birds, visitors and the day-a-day routine of the local families make it an ideal place for a boat ride or kayaking around the lake.
The small islands, in Nicaragua called Las Isletas, serve different purposes. There is a community of about 1200 people living on the islets. Most of the people living here are fishermen. Other islands accommodate hotels or luxurious houses (some of them can be rented). There are also uninhabited islets with only some palm trees growing on it.
Considered by many as the next costa rica story from an investment standpoint, however much more interesting and unique.
Cost of living:
Your cost of living in Nicaragua is substantially cheaper than living in the states or Europe. One of the reasons you may be moving to Nicaragua is to reduce your costs yet improve your lifestyle. Review your needs especially after renting here for a while. You will find that there are some things you no longer need and there are some things you absolutely will not live without regardless of what your neighbors think. We’ll try to present accurate pros and cons of various choices you will encounter. Finally, remember that these are our experiences and opinions. Also, remember that there are three prices starting at the highest: price for tourists, price for expatriates and the price for locals. Except at major stores, you can always barter especially when you buy more than one.
And there is more inflation on the local currency, sometime 5-7% so if you have dollars and the item is priced in Cordoba’s, it is getting cheaper each year.
Nicaragua Facts: Cost of Living
- Privacy, unique situations, size of the land (reference forbes article) Cost of experience