Many know Nicaragua as one of the hottest travel destinations in the world. Visitors find the low cost of living, the charming culture, and the world of adventure appealing.
Nicaragua has also been recognized for years of corruption and political unrest after violence from 1982-1990, stemming from years of strict dictatorship. Since then, Nicaragua has made vast improvements to the political system, economy, and social aspects of the country. Nicaragua’s success should be acknowledged.
Years of Peace
It has been 25 years of peace since Nicaraguans fought the “contra” war against the Sandinista government. Half of the population wasn’t even alive during the conflict and the other half have made the effort to keep the peace, putting aside their differences to enjoy the long span with no violence.
The political stability is also a sign of vast improvement in Nicaragua. In 1984, democracy finally took effect after half a century of strict dictatorship. Six national elections and almost a dozen regional and municipal elections have taken place since then. Transfers of power have occurred, further decreasing tensions.
One of the first successful transfers of power took place in 1990, when Sandinista leader and president Daniel Ortega conceded to Violeta Chamorro. Each of the following presidents have worked hard to contribute to building the nation, furthering the success and national stability.
Highly Ranked in Safety
With this peace and political stability, Nicaragua is currently the safest country in the Central America, Panama, and the Dominican Republic region. Compared to other countries in Central America, some of which have homicide rates as high as 90 homicides per 100,000 people, Nicaragua’s rate sits at a low 10 per 100,000 inhabitants.
The police force in the county has the lowest budget in the region, dispelling the correlation that low income leads to high crime. Nicaragua also ranked third in having the lowest robbery rate. Nicaraguans feel very secure in their justice system. In a 2011 report, 65% of Nicaraguans have confidence in the criminal justice system, ranked second in Latin America.
Renewable Energy is Emerging
After years of political evolution, there is a new kind of revolution. Nicaragua is making efforts to cut back on CO2 emissions and oil imports. With steady winds, sun, and active volcanoes, Nicaragua produces no oil and gas. Instead, energy is coming from hydroelectric dams, geothermal plants, and wind farms. Electricity is being produced efficiently and cleanly. Between 2007 and 2014, energy produced by fossil fuels dropped by 50%.
Since the global economic crisis of 2008, Nicaragua has seen steady and consistent economic growth. Growth has averaged 4 percent yearly, the highest in Central America.
Since 2006, Foreign Direct Investment has quadrupled and exports have doubled. Job creation was the fastest in 2014.
Over the past 25 years, economic and political growth aren’t the only gains Nicaragua has experienced. The government has been fighting against poverty. Social programs and improvements towards basic services, like health and clean water access, have made a big impression. Poverty has dropped from 48.3 to 29.6 percent in the last ten years.
One of Nicaragua’s most widely acknowledged social improvements is the work towards gender equality. Since 2007, government programs in health, education, and micro financing rooted in women as the center of family responsibilities have helped achieve this. Nicaragua was ranked sixth in the World Economic Forum’s gender gap index.
All of these changes and more have contributed to the all-around happiness of the country. In fact, the World happiness Report in 2015 said Nicaraguans are happier than they were in 2007. Researchers are asking the question, “Is higher income contributing to happiness levels?” Some say yes, but no one can truly know what is making Nicaraguans happier. However, it can safely be assumed that a peaceful, politically stable home is at the source.
Like Our Articles?
Then make sure to check out our Bookstore... we have titles packed full of premium offshore intel. Instant Download - Print off for your private library before the government demands we take these down!