In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

The labor participation rate among the total population aged between 15 and 64 in Argentina saw no significant changes in 2024 in comparison to the previous year 2023 and remained at around 70.9 percent. Nevertheless, 2024 still represents a peak in the labor participation rate in Argentina with 70.9 percent. The labor force participation rate is the share of people aged 15 and over who are economically active (i.e. employed or actively searching for work). It is calculated by dividing the economically active population aged 15 and over by the total population aged 15 and over.Find more key insights for the labor participation rate among the total population aged between 15 and 64 in countries like Uruguay and Chile.

In 2024, the youth unemployment rate in Argentina increased by 3.2 percentage points (+17.83 percent) compared to 2023. In total, the youth unemployment rate amounted to 21.19 percent in 2024. This increase was preceded by a declining youth unemployment rate.The youth unemployment rate refers to the share of the workforce aged 15 to 24 that is currently not working but is actively searching for work. It does not include the economically inactive population, such as the long-term unemployed or full-time students.Find more key insights for the youth unemployment rate in countries like Paraguay and Chile.

The unemployment rate in Argentina increased by 1.7 percentage points (+27.69 percent) in 2024 in comparison to the previous year. In total, the unemployment rate amounted to 7.88 percent in 2024. This increase was preceded by a declining unemployment rate.The unemployment rate refers to the share of the economically active population currently without work but in search of employment. The unemployment rate does not include economically inactive persons such as the long-term unemployed, children, or retirees.Find more key insights for the unemployment rate in countries like Paraguay and Uruguay.

Argentina AR: Informal Employment: % of Total Non-Agricultural Employment data was reported at 49.360 % in 2019. This records an increase from the previous number of 48.140 % for 2018. Argentina AR: Informal Employment: % of Total Non-Agricultural Employment data is updated yearly, averaging 48.150 % from Dec 2004 (Median) to 2019, with 13 observations. The data reached an all-time high of 59.320 % in 2004 and a record low of 46.790 % in 2014. Argentina AR: Informal Employment: % of Total Non-Agricultural Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Employment and Unemployment. Employment in the informal economy as a percentage of total non-agricultural employment. It basically includes all jobs in unregistered and/or small-scale private unincorporated enterprises that produce goods or services meant for sale or barter. Self-employed street vendors, taxi drivers and home-base workers, regardless of size, are all considered enterprises. However, agricultural and related activities, households producing goods exclusively for their own use (e.g. subsistence farming, domestic housework, care work, and employment of paid domestic workers), and volunteer services rendered to the community are excluded.; ; International Labour Organization, ILOSTAT database. Data retrieved in September 20, 2020.; ; Harmonized series

The statistic shows the value of goods exported from Argentina from 2013 to 2023. In 2023, goods with a value of around 66.79 billion U.S. dollars were exported from Argentina.

The statistic shows the value of goods imported to Argentina from 2013 to 2023. In 2023, goods worth around 73.71 billion U.S. dollars were imported to Argentina.

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.

In 2024, Sudan was ranked as the most miserable country in the world, with a misery index score of 374.8. Argentina ranked second with an index score of 195.9. Quality of life around the worldThe misery index was created by the economist Arthur Okun in the 1960s. The index is calculated by adding the unemployment rate, the lending rate and the inflation rate minus percent change of GDP per capita. Another famous tool used for the comparison of development of countries around the world is the Human Development Index, which takes into account such factors as life expectancy at birth, literacy rate, education level and gross national income (GNI) per capita. Better economic conditions correlate with higher quality of life Economic conditions affect the life expectancy, which is much higher in the wealthiest regions. With a life expectancy of 85 years, Liechtenstein led the ranking of countries with the highest life expectancy in 2023. On the other hand, Nigeria was the country with the lowest life expectancy, where men were expected to live 55 years as of 2024. The Global Liveability Index ranks the quality of life in cities around the world, basing on political, social, economic and environmental aspects, such as personal safety and health, education and transport services and other public services. In 2024, Vienna was ranked as the city with the highest quality of life worldwide.