IT company in Nicaragua ← Back

Key information

Official name: Nicaragua
Alpha-2 code: NI
Alpha-3 code: NIC
Region summary: Nicaragua, officially the Republic of Nicaragua, is the geographically largest country in Central America, comprising 130,370 km2 (50,340 sq mi). With a population of 7,142,529 as of 2024, it is the third-most populous country in Central America after Guatemala and Honduras. Nicaragua is bordered by Honduras to the north, the Caribbean Sea to the east, Costa Rica to the south, and the Pacific Ocean and shares maritime borders with El Salvador to the west and Colombia to the east. Nicaragua's largest city and national capital is Managua, the fourth-largest city in Central America, with a population of 1,055,247 in 2020. Nicaragua is known as "the breadbasket of Central America" due to having the most fertile soil and arable land in all of Central America. Nicaragua's multiethnic population includes people of mestizo, indigenous, European, and African heritage. The country's most spoken language is Spanish, though indigenous tribes on the Mosquito Coast speak their own languages and English. The mixture of cultural traditions has generated substantial diversity in folklore, cuisine, music, and literature, including contributions by Nicaraguan poets and writers such as Rubén Darío. Originally inhabited by various indigenous cultures since ancient times, the region was conquered by the Spanish Empire in the 16th century. Nicaragua gained independence from Spain in 1821. The Mosquito Coast followed a different historical path, being colonized by the English in the 17th century and later coming under British rule. It became an autonomous territory of Nicaragua in 1860 and its northernmost part was transferred to Honduras in 1960. Since its independence, Nicaragua has undergone periods of political unrest, dictatorship, American occupation and fiscal crisis, as well as the Nicaraguan Revolution of the 1960s and 1970s and the Contra War of the 1980s. Though nominally a unitary presidential republic, Nicaragua has experienced significant democratic backsliding since 2007 under the presidency of Daniel Ortega, resulting in large protests in 2018 and a subsequent crackdown. Following the 2021 election, it has been widely described as an authoritarian dictatorship. It is a developing country and has the second lowest GDP per capita (nominal) and fourth lowest GDP per capita (PPP) among Latin American and Caribbean countries. In 2024, Nicaragua was ranked as the second most corrupt country in Latin America, after Venezuela, by the Corruption Perceptions Index. Known as the "land of lakes and volcanoes", Nicaragua is also home to the Bosawás Biosphere Reserve, the second-largest rainforest of the Americas. The biological diversity, warm tropical climate and active volcanoes have made Nicaragua an increasingly popular tourist destination. Nicaragua is a founding member of the United Nations and is also a member of the Non-Aligned Movement, Bolivarian Alliance for the Peoples of Our America, and Community of Latin American and Caribbean States. Leer más