Unemployment in Argentina

Argentina Unemployment | Economic News & Forecasts

Argentina - Unemployment

The economic situation remained dire in Q3, after GDP collapsed in Q2. While the pace of the decline in economic activity softened in July-August from Q2, it remained considerable. Similarly, consumer confidence remained downbeat in Q3, pointing to constrained household spending. Moreover, merchandise exports plunged, although this could be partly due to under-reporting associated with a distorted exchange rate market. Moving to Q4, increased consumer pessimism in October, coupled with a still-high number of new Covid-19 cases, which led to the extension of restrictions in some regions, bodes ill for the recovery. However, in a bid to support the tourism sector, the government announced it would resume international flights to allow tourists from neighboring countries to enter from November. On the debt front, IMF staff will return in mid-November to make progress on replacing a USD 57 billion loan deal struck in 2018.

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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