For the last five years, the World Economic Forum's annual Global Gender Gap Index has been reporting that Nicaragua is one of the most gender equal countries in the world. This is the culmination of a remarkable increase in gender equality in Nicaragua during the past decade, charted by the same index. This paper discusses the Index and the Nicaraguan context and then refers to the results of several waves of the Latinobarometer to investigate whether the change in gender equality has affected Nicaraguans' (and particularly Nicaraguan women's) perceptions of their lives and society. The underlying question is therefore whether satisfaction with life, satisfaction with democracy, and opinions about gender equality have, in the average opinion of Nicaraguans, altered between the period when Nicaragua was placed low on the gender equality ranking to when it had attained a high rating on the index just a few years later. The findings, which come from ordered probit regression analysis, reveal some evidence of improvements over this time period.