Nicaragua’s capital and biggest city is Managua. The city has a fast rising population of around 2,200,000 people, the majority of whom are mestizos and whites, making it Central America’s second-largest metropolis after Guatemala City.
Managua is the nation’s indisputable economic, political, cultural, and religious hub, and many new trends begin here before spreading across the country.
The city was established as the national capital in 1852 and is located on the southwestern edge of Lake Xolotlán or Lake Managua.
Due to Managua’s position between the warring towns of León and Granada, it was a natural and perfect compromise option for the nation’s capital. While this idea seemed to be brilliant at the time, geology now says otherwise, since there is an active fault line just under the site of downtown Managua (before the 1972 earthquake knocked it down, that is). Managua’s economy is mostly centered on commerce. Nicaragua’s primary trade hub for coffee, cotton, and other products is located in this city. Additionally, it is a significant industrial hub. Its primary exports include beer, coffee, matches, textiles, and shoes.
Throughout Nicaragua’s history, the city has seen the rise and fall of governmental regimes and has been devastated by earthquakes in 1931 and 1972. Managua is Nicaragua’s economic, political, cultural, commercial, and industrial capital. Since the 1972 earthquake, residential and commercial developments have been developed on Managua’s outskirts. Managua has been called the Venice of Central America due to the city’s growing reliance on improvised canals.
Managua – Info Card
|POPULATION :||City: 2,223,375 / Metro: 2,408,000|
|FOUNDED :||1819 / Capital:1852|
|TIME ZONE :|
|LANGUAGE :||Spanish 97.5% (official), Miskito 1.7%, other 0.8%|
|RELIGION :||Roman Catholic 58.5%, Evangelical 21.6%, Moravian 1.6%, Jehovah’s Witness 0.9%, other 1.7%, none 15.7%|
|AREA :||City: 544 km2 (210 sq mi) / Urban: 173.7 km2 (67.1 sq mi)|
|ELEVATION :||9 m (30 ft)|
|COORDINATES :||12°8′11″N 86°15′5″W|
|SEX RATIO :||• Male: 49.45%|
• Female: 50.55%
|ETHNIC :||mestizo (mixed Amerindian and white) 69%, white 17%, black 9%, Amerindian 5%|
|AREA CODE :||2|
|POSTAL CODE :|
|DIALING CODE :||+505 2|
Geography of Managua
Managua is situated on the southern banks of Lake Xolotlán, more often referred to as Lake Managua. Except for the freshwater sharks found solely in the bigger Lake Cocibolca in southern Nicaragua, Lake Xolotlán comprises the same fish species as the larger Lake Cocibolca. Once a picturesque centerpiece of Managua, the lake has been contaminated since 1927 due to the discharge of chemical and waste water. A new sewage system and the redirection of waste water to a new waste water treatment facility in Las Mercedes, sponsored by the German government, were opened in 2009 to clean the lake. The new waste water treatment plant is projected to be the biggest in Central America.
These advancements have alleviated long-held worries about water contamination and the plight of indigenous animals, and have moved some inhabitants closer to the historic city center and the rest of the mainland.
The city of Managua covers an area of approximately 544 square kilometers (210 square miles), extending primarily south from the south shore of Lake Managua. The lakeshore is 55 metres (180 feet) above sea level, while the city rises to almost 700 metres (2,297 feet) above sea level in the Sierras de Managua farther south.
Due to the city’s geological location on fault lines, seismologists anticipate that a strong earthquake will strike Managua every 50 years or fewer.
Economy of Managua
Managua serves as the economic hub and primary provider of services for the bulk of the country. With a population of more than two million, the city is home to several important national and international corporations. It is home to several enterprises that manufacture a variety of items. Wal-Mart, Telefonica, Union Fenosa, and Parmalat are among the multinational firms with offices and activities in Managua. Among the city’s primary goods are beer, coffee, medicines, textiles, footwear, matches, and building materials. Her primary exports are beef, coffee, cotton, and other commodities. Managua is also the political, social, cultural, educational, and economic capital of Nicaragua. Simultaneously, the city is serviced by the Augusto C. Sandino International Airport, the principal international gateway for the country, as well as the newly renovated regional Los Brasiles airport and Punta Huete military aviation base.
Managua is also home to the country’s largest banks, including the Banco de la Producción (BANPRO), the Banco de América Central (BAC), the Banco de Finanzas (BDF), the Banco de Crédito Centroamericano (Bancentro), and the Lafise Group. Several new hotels have opened in Managua, including Crowne Plaza, Best Western, InterContinental, Holiday Inn, and Hilton. Along with several hotels, Managua has developed four retail facilities or malls in the western style, including Plaza Inter, Centro Comercial Metrocentro, Galerias Santo Domingo, and Multicentro Las Americas, with many more in the works.
Nicaragua has a well-developed local market system that serves the bulk of the country’s population. Mercado Roberto Huembes, Mercado Oriental, and Mercado Israel Lewites, among other sites, sell a variety of domestic goods, food, clothes, electronics, building materials, and other contracting supplies. The markets are quite popular, since many backpackers, ecotourists, and budget travelers frequent them for supplies and souvenirs.
Managua is likewise seeing an increase in real estate prices and a housing scarcity at the moment. Foreigners, mostly from Anglo-America and Europe, are growing interested in post-retirement living in Nicaragua, since the nation has been highlighted in several media sources for its high safety rating on key indices and affordable tourist lifestyle.