Weekly Report - 14 June 2012 (WR-12-23)

NICARAGUA| Poverty. The local think tank Fundación Internacional para el Desafío Económico Global (Fideg) recently published its third annual survey on poverty in Nicaragua, the second poorest country in the Western Hemisphere after Haiti. According to Fideg, which surveyed 1,730 homes across the country, 44.1% of the Nicaraguan population (of 5.89m) lived in general conditions of poverty in 2011 – defined as living on US$2 a day, or US$728 a year. This was down only slightly from 44.5% in 2010 and 44.7% in 2009 and was within the survey’s 2.4% error margin. The Fideg found that 8.2% of the population was living in extreme poverty (defined as US$1/day, or US$361 a year). This was down from 9.0% in 2010 and 9.7% in 2009. As with earlier surveys, Fideg found that the biggest improvement took place in extreme rural poverty, which fell to 11.6% in 2011, down from 18.2% in 2009.

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