Managua is the capital city of Nicaragua and is the largest city in the country, both geographically and by population size. It is estimated to have a population of around 25.2 million people. The unemployment rate in Nicaragua increased between 2013 to 2014 from 5.8 percent to 6.8 percent. The average rate up until 2014 was 8.05 percent. In 1993 they experienced a record high rate of 17.8 percent. The majority of higher education institutions are in Managua. There are 48 Nicaraguan universities as well as a number of technical colleges. Nicaragua also has specialized institutions that were built to focus on education that will promote economic development. The majority of higher education institutions are in Managua. It is home to National Autonomous University of Nicaragua which is the main state-funded public university of Nicaragua.
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