Managua is the capital city of Nicaragua. Managua is Nicaragua's chief trading centre for coffee, cotton, and other crops. It is also an important industrial centre. Nicaragua is in Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Costa Rica and Honduras. The climate is tropical in the lowlands and cooler in the highlands. The official language is Spanish. Spanish is used everywhere, while English is used by many officials and business personnel particularly on the Atlantic coast. The Miskito language is spoken by Miskito Amerindians, especially along the Coco river. The main religion is Christianity. The economy of Nicaragua has made significant progress toward macro-economic stabilization over the past few years. Nicaragua is primarily an agricultural country, but construction, mining, fisheries, and general commerce also have been expanding during the last few years. In Nicaragua it is expected to address people by their professional title and surname. If they do not have a professional title, refer to them as Senor (Mr), Senora (Mrs), or Senorita (Ms) and their surname. Expatriate business dress is generally conservative in the form of a suit and tie for men and a dress or skirt and blouse for women. The security risk for expatriates in Nicaragua is medium. Risks include petty and opportunistic crime, armed robbery, carjacking, homicide and violent crime. The currency of Nicaragua is the Nicaraguan Cordoba Oro (NIO). Banks can exchange US dollars. ATMs dispense US dollars and Cordobas. Medical facilities are generally below international standards. Payment for treatment is usually required in cash and may be required up front. Some private hospitals will accept major credit cards for payment. Cases of Zika virus and Chikungunya virus have been reported. The population of Managua is 1.4 Million (Metro) (2018 est.), while the inflation rate (CPI) is 5.6% for Nicaragua as at June 2018. For a single Expat, the personal income tax rate in Nicaragua is progressive up to 30%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Managua, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Managua as at 1 July 2018 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Low 3) Communication: Low 4) Education: Very Low 5) Furniture & Appliances: High 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: Average 9) Miscellaneous: Average 10) Personal Care: Average 11) Recreation & Culture: Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Very Low Managua is for example -4.8% cheaper than Houston TX for groceries, 20.2% more expensive for household costs than Kuala Lumpur, and -25.5% cheaper for transport costs than Dubai. The hardship premium for Managua for an expat from Perth, is for example 30%, i.e. host location (Managua) premium of 40% minus home (Perth) location premium of 10%. Managua is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Managua? Register subscribe to your home location and Managua and run your personalised reports.