Minimum Wages in Argentina increased to 308200 ARS/Month in May from 302600 ARS/Month in April of 2025. This dataset provides - Argentina Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Argentina Household Income per Capita

• Argentina Annual Household Income per Capita reached 4,522.736 USD in Dec 2023, compared with the previous value of 4,354.647 USD in Dec 2022.
• Argentina Annual Household Income per Capita data is updated yearly, available from Dec 2004 to Dec 2023, with an averaged value of 3,818.417 USD.
• The data reached an all-time high of 5,915.943 USD in Dec 2017 and a record low of 1,383.333 USD in Dec 2004.
• In the latest reports, Retail Sales of Argentina dropped 13.777 % YoY in Jan 2024.

Wages in Argentina increased to 1674890.75 ARS/Month in March from 1592613.80 ARS/Month in February of 2025. This dataset provides - Argentina Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than 2.50 dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

The bottom 50 percent in Argentina earned on average 15,057 U.S. dollars at purchasing power parity (PPP) before income taxes as of 2022, while individuals in the top one percent earned pre-tax more than 686,433 dollars. Looking at the percentage distribution of wealth in Argentina, the poorest half held 5.7 percent of the total in 2021. Moreover, the top one percent in the South American country accounted for 25.7 percent of the overall national wealth.

Prices for ARSUSC Argentine Peso USD Coin including live quotes, historical charts and news. ARSUSC Argentine Peso USD Coin was last updated by Trading Economics this June 29 of 2025.

Prices for USDARS US Dollar Argentine Peso including live quotes, historical charts and news. USDARS US Dollar Argentine Peso was last updated by Trading Economics this June 30 of 2025.

In 2023, Argentina's annual household income amounted to 4,522.74 U.S. dollars. Even if this figure represented a slight increase compared to the previous year, it remains considerably lower than the household income per capita registered in 2017 and 2018.

Argentina Foreign Direct Investment: Income: Equity Investment: Reinvestment of Earnings data was reported at -258.104 USD mn in Dec 2016. This records a decrease from the previous number of 724.448 USD mn for Sep 2016. Argentina Foreign Direct Investment: Income: Equity Investment: Reinvestment of Earnings data is updated quarterly, averaging 1.427 USD bn from Mar 2005 (Median) to Dec 2016, with 48 observations. The data reached an all-time high of 3.270 USD bn in Dec 2014 and a record low of -1.511 USD bn in Dec 2008. Argentina Foreign Direct Investment: Income: Equity Investment: Reinvestment of Earnings data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.O002: Foreign Direct Investment: Old Methodology.

Inflation in Argentina was 54 percent in 2019, before falling to 42 percent in 2020. Despite Argentina's fluctuating economic instability over the twentieth century, the largest factor in its current economic status is the legacy of poor fiscal discipline left by the economic depression from 1998 to 2002. Although data is not available from 2014 to 2016, Argentina's inflation rate has been among the highest in the world for the past five years.

What causes inflation?

Inflation is a rise in price levels for all goods. Major causes of inflation include an increase in money supply, low central bank interest rates, and expectation of inflation. In a country such as Argentina, the expectation can be one of the biggest obstacles. People expect inflation to be high and demand increasing wages, and firms continue raising prices because they expect the costs of inputs to increase. Banks follow suit, charging high interest rates on fixed deposits.

Effects of inflation

Inflation negatively affects savers. 100 Argentinian pesos in 2018 was worth just under 75 pesos in 2019, after adjusting for the 34 percent inflation rate. Similarly, frequently changing prices has its own inherent cost, called “menu cost” after the price of printing new menus. Inflation will also have a positive effect on national debt when that debt is denominated in Argentinian pesos, because the pesos will be cheaper when the loan matures. However, the majority of Argentina’s debts are in foreign currency, which means that inflation will make these debts larger in peso terms.

Panama City, Mexico City, and Guadalajara had the highest average apartment rents in 2022 among the selected Latin American cities. To rent an apartment in a mid-income area in Panama City, renters would have to earn at least 2,250 U.S. dollars per month, assuming that rent comprises not more than 40 percent of the monthly income. Córdoba, Argentina, was the most affordable city, with ideal income needed to rent an apartment amounting to 600 U.S. dollars.

According to a recent study, Colombia had the lowest monthly cost of living in Latin America with 546 U.S. dollars needed for basic living. In contrast, four countries had a cost of living above one thousand dollars, Costa Rica, Chile, Panama and Uruguay. In 2022, the highest minimum wage in the region was recorded by Ecuador with 425 dollars per month.

Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 22 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2022, the average net monthly salary in Brazil was lower than Ecuador's minimum wage.

What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work more than two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

Argentina AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings data was reported at -4.608 USD bn in 2024. This records an increase from the previous number of -5.734 USD bn for 2023. Argentina AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings data is updated yearly, averaging -539.000 USD mn from Dec 1976 (Median) to 2024, with 49 observations. The data reached an all-time high of 3.616 USD bn in 2001 and a record low of -7.451 USD bn in 2015. Argentina AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Argentina – Table AR.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation: Annual.

Argentina AR: BoP: Current Account: Primary Income: Investment Income: Portfolio Investment: Equity: Investment Income Attributable to Investment Fund Shareholders: Reinvested Earnings: Debit data was reported at 0.000 USD mn in Dec 2024. This stayed constant from the previous number of 0.000 USD mn for Sep 2024. Argentina AR: BoP: Current Account: Primary Income: Investment Income: Portfolio Investment: Equity: Investment Income Attributable to Investment Fund Shareholders: Reinvested Earnings: Debit data is updated quarterly, averaging 0.000 USD mn from Mar 2006 (Median) to Dec 2024, with 76 observations. The data reached an all-time high of 0.000 USD mn in Dec 2024 and a record low of 0.000 USD mn in Dec 2024. Argentina AR: BoP: Current Account: Primary Income: Investment Income: Portfolio Investment: Equity: Investment Income Attributable to Investment Fund Shareholders: Reinvested Earnings: Debit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Argentina – Table AR.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation.

AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings: PI: ow Inv Fund Shareholders data was reported at 0.000 USD mn in Mar 2018. This stayed constant from the previous number of 0.000 USD mn for Dec 2017. AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings: PI: ow Inv Fund Shareholders data is updated quarterly, averaging 0.000 USD mn from Mar 2006 (Median) to Mar 2018, with 49 observations. AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings: PI: ow Inv Fund Shareholders data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Argentina – Table AR.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation.

AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings: Debit data was reported at 6.806 USD bn in 2023. This records an increase from the previous number of 5.777 USD bn for 2022. AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings: Debit data is updated yearly, averaging 659.363 USD mn from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 8.058 USD bn in 2015 and a record low of -3.306 USD bn in 2001. AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings: Debit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Argentina – Table AR.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation: Annual.

AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings: Credit data was reported at 1.072 USD bn in 2023. This records an increase from the previous number of 513.183 USD mn for 2022. AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings: Credit data is updated yearly, averaging 340.335 USD mn from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 1.407 USD bn in 2006 and a record low of -22.000 USD mn in 1996. AR: BoP: Current Account: Primary Income: Investment Income: Direct Investment: Equity: Reinvested Earnings: Credit data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Argentina – Table AR.IMF.BOP: BPM6: Balance of Payments: Detailed Presentation: Annual.