Unemployment in Argentina

Argentina Unemployment | Economic News & Forecasts

Argentina - Unemployment

GDP growth accelerated on an annual basis in Q2, supported by a low base effect and an upbeat construction sector, although the economy shrank in sequential terms amid tougher restrictions. Turning to Q3, while annual growth likely slowed due to a fading base effect, activity should have rebounded sequentially amid a supportive external sector and somewhat less downbeat consumer sentiment. Meanwhile, the country made a USD 1.9 billion payment to the IMF in September, in a bid to reach a new deal over its remaining debt. Moreover, in the same month the government presented the draft 2022 budget, which sees the fiscal deficit at 3.3% of GDP and economic growth at 4.0%. In politics, following a defeat for Alberto Fernández’s leftist party in September’s mid-term congressional primaries, the president reshuffled his cabinet and announced new stimulus measures, starting with an immediate minimum wage hike.

Argentina - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate7.1  8.4  8.4  9.2  9.8  

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Argentina Unemployment Chart

Argentina Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Institute (INDEC).

Argentina Facts

Value Change Date
Bond Yield6.690.15 %Dec 17
Exchange Rate59.880.45 %Dec 30

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