Unemployment in Argentina

Argentina Unemployment | Economic News & Forecasts

Argentina - Unemployment

The economy appears to have remained stuck in recession in the fourth quarter. This follows a second consecutive GDP contraction in the third quarter, which was triggered by plunging domestic demand on the back of sky-high inflation and interest rates, and a sharp fall of the peso. The decline in economic activity intensified in November, due to faster contractions in most economic sectors, and industrial production shrunk markedly throughout Q4. Turning to the first quarter of this year, January’s drop in consumer confidence points to protracted weakness in spending. At the same time, macroeconomic adjustments continue. The trade balance recorded a fourth consecutive surplus in December thanks to surging exports and plunging imports. Moreover, recently released data shows that the country outperformed its 2.7% primary-deficit-to-GDP ratio which had been outlined as a target by the IMF in 2018, while it also reduced its fiscal deficit from 6.0% of GDP in 2017 to 5.2% of GDP.

Argentina - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.1  7.3  7.1  8.4  8.4  

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Argentina Unemployment Chart

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

Argentina Facts

Bond Yield6.690.15 %Dec 17
Exchange Rate39.660.45 %Feb 20
Stock Market36,5042.26 %Feb 20

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