On February 23, 2023, the National Commission for the Minimum Wage in Nicaragua, presided over by the Labor Ministry of the Nicaraguan Government, approved the adjustment of the current minimum wages for all the sectors of the national economy to be in effect from March 1, 2023, through February 29, 2024, as follows:
| Economic Sector | Percentage | Monthly (Córdobas – NIO) |
|---|---|---|
| Agriculture | 10% | 5,196.34 (plus food) |
| Fishing | 10% | 7,901.21 |
| Mines and Quarries | 10% | 9,332.44 |
| Manufacturing | 10% | 6,987.06 |
| Special Regime Industry | 8% | 8,098.46 (in force from January 1, 2023, through December 31, 2023) |
| Micro and Small-Scale Artisan Industries and National Tourism | 10% | 5,474.77 |
| Electricity and Water, Commerce, Restaurants, Hotels, Transportation, Warehousing, and Communications | 10% | 9,531.14 |
| Construction, Financial Services, and Insurance Companies | 10% | 11,628.95 |
| Community, Social and Personal Services | 10% | 7,284.71 |
| Central and Municipal Governments | 4% | 6,480.04 |