How People Make Money in Nicaragua: Key Economic Sectors
Primary Sectors
- Agriculture: Coffee, sugarcane, cotton, bananas, tobacco, rice (largest employer).
- Livestock: Cattle, pigs, poultry, horses.
- Fishing: Lobster, shrimp, tuna, dorado (300+ mi coastline, large EEZ).
- Forestry: Timber from rainforests (controversial, regulated).
- Mining: Gold, silver, copper, nickel.
Growing Sectors
- Tourism: Colonial cities (Granada, León), Corn Islands, San Juan del Sur.
- Manufacturing: Food processing, textiles, pharmaceuticals.
- Services (largest GDP contributor): Banking, finance, insurance, real estate, tourism services.
Remittances from abroad (~15% of GDP) also support many households.