Unemployment in Argentina

Argentina Unemployment | Economic News & Forecasts

Argentina - Unemployment

Although the economy remains mired in recession, the latest political developments and available economic data provide a glimmer of optimism. On 25 October, the lower house of Congress approved the 2019 austerity budget, and the following day the IMF formally approved the revised standby agreement. Meanwhile, financial markets seem to have welcomed the new monetary strategy, with the net demand for foreign assets moderating in September. Moreover, the contraction in economic activity softened further in August, partly due to recovering agricultural output, and in September the trade balance recorded a surplus after 20 months in the red. On the fiscal side, the primary deficit narrowed considerably in January–September. Nevertheless, with sky-high interest rates weighing on credit and rising inflation significantly hitting consumer spending, the road to recovery will be long and arduous.

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 Rate36.020.45 %Nov 13
Stock Market28,5432.26 %Nov 13

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