What is the poverty rate in Nicaragua?

The poverty rate in Nicaragua in 2020 was estimated to be around 29.7% by the World Bank. This suggests that just under a third of the population live in poverty, defined as surviving on less than $3.20 per day in purchasing power parity terms. Poverty in Nicaragua remains a multifaceted issue influenced by economic structural weaknesses, limited resources, social inequality, regional disparities, natural disasters, and political challenges. Addressing the underlying complexities of poverty often requires multifaceted strategies combining economic growth promotion, equitable distribution of resources, targeted social programs, empowerment initiatives, and inclusive policies.