Nicaragua’s Weather Patterns Bring Challenges to Nation’s Agricultural Economy
In countries with an agricultural economy, unpredictable weather patterns have a huge effect on doing business. Too little rain can alter your way of life and too much rain can cause just as serious unrest, as those doing business in Nicaragua now know.
Currently, tropical storm Hanna has been significantly disrupting business in parts of Nicaragua. Though the storm was just downgraded from Tropical Storm to Tropical Depression, the affected area is already so waterlogged that businesses are now being unsettled.
Nicaragua’s Agricultural Economy Heavily Affected by Weather Patterns
Nicaragua’s economy is focused primarily on the agricultural sector. Although it is the least developed country in Central America, Nicaragua has transformed itself into one of the safest and fastest growing countries in the world. In recent years, the Nicaraguan economy has increased dramatically, making it a popular destination for expats to conduct business. Nicaragua is a major exporter of fruits, vegetables, coffee, and grains. These types of businesses are obviously at serious risk from erratic weather patterns. Roads have been damaged and destroyed, thus making the primary means of exporting goods a difficult path for businesses and making overseas car insurance a necessity for expats.
Despite Concerns, Drought Brings a Surprising Silver Lining
A drought has been reported this year in the parts not hit by the recent storms. Droughts bring a silver lining to the country’s health reports. Mosquito-borne illnesses like dengue are experiencing a significant drop in the number of cases.
Nicaragua can be one of the most difficult places to get proper treatment for disease, and patients often need to be fluent in Spanish in order to receive the best medical care. Expats should be prepared with international health insurance, with provides borderless coverage and treatments against these illnesses.
To learn more about safety, security, and other important concerns, visit Nicaragua’s risk assessment guide