Nicaragua is the poorest country in Central America and the second poorest in the Western Hemisphere, second only to Haiti.
More than 80 percent of the poverty in Nicaragua exists in rural areas where 43 percent of the population lives and 68 percent of them are surviving on little more than $1 per day. Overall, 46.2 percent of the population lives below the poverty line.
The gross domestic product (GDP) per capita has decreased to only one-third of what it was in 1977.