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Discover How Much the Average Argentine Worker Earns per Month – You Won’t Believe the Number!

Discover How Much the Average Argentine Worker Earns per Month – You Won’t Believe the Number!

In the bustling economic landscape of Argentina, the average worker earns a modest US$ 482 each month, as reported by the Indec survey. This figure sheds light on the challenges faced by the workforce in the country, where approximately 4.7 million individuals are actively seeking employment opportunities.

The National Institute of Statistics and Census (Indec) recently unveiled findings from its Permanent Household Survey (EPH), revealing intriguing insights into Argentina’s economic dynamics. Here are some key takeaways from the report:

  • The average income per worker in Argentina stood at AR$ 588,011 during the third quarter of 2024, translating to almost US$ 482 in the unofficial exchange rate known as “blue.”
  • To avoid being categorized as “poor,” an individual needed at least AR$ 344,536, while a household of three required over AR$ 822,958. For a standard four-person family, the threshold was set at AR$ 1,087,241.
  • Despite efforts to combat inflation, poverty levels continue to rise, with per capita family income averaging AR$ 393,767 and an overall average income of AR$ 619,602.
  • A gender income gap of 27.9% was observed, with men earning an average of AR$ 720,852 compared to AR$ 519,897 for women. Additionally, youth unemployment, particularly among individuals aged 18 to 24, remains a pressing issue.
  • The Gini coefficient, a measure of social inequality, increased from 0.434 to 0.454, indicating widening disparities within Argentine society.
  • Unemployment rates varied across provinces, with Buenos Aires, Tierra del Fuego, and Chaco reporting the highest figures. Conversely, lower rates were recorded in Santiago del Estero and Chubut.
  • Nationally, the unemployment rate stood at 6.4%, affecting 1.3 million individuals in urban areas where 20.3 million people are economically active.
  • Labor income constituted 76.1% of the total income, while non-labor income made up the remaining 23.9%.
  • Notably, 2.3 million individuals are underemployed, working less than 35 hours per week but seeking additional opportunities. Another 3.4 million are employed job seekers actively searching for new employment avenues.

Despite these challenges, the Libertarian Government remains optimistic about the country’s economic outlook, forecasting a 5% growth in the coming year. As Argentina navigates its complex labor market and strives for inclusive growth, addressing issues of inequality and unemployment will be pivotal in shaping a more prosperous future for all its citizens.

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