Finance of Argentina
The minimum monthly wage in Argentina is 495 USD. Argentina has a government debt of 118% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Argentina is 20.8%. The currency of Argentina is Argentine peso. The plural form of the word Argentine peso is pesos. The symbol used for this currency is $, and it is abbreviated as ARS. The Argentine peso is divided into centavo; there are 100 in one peso. Each year, consumers spend around $406,677 million. The ratio of consumer spending to GDP in Argentina is 70.27%, and the ratio of consumer spending to the world consumer market is 95%. The corporate tax in Argentina is set at 35%. Personal income tax ranges from 9% to 35%, depending on your specific situation and income level. VAT in Argentina is 21%. In 2013, Argentina received 178.9 million USD in foreign aid.In 2014, the foreign aid amounted to 86.9 USD.
Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Argentina is $964 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Argentina was last recorded at $21,578. PPP in Argentina is considered to be good when compared to other countries. Good PPP indicates that citizens in this country rarely find it difficult to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with good PPP are relatively safe locations for investments. The total Gross Domestic Product (GDP) in Argentina is 579 billion. Based on this statistic, Argentina is considered to have a small economy. Countries with small economies generally support less industries and opportunities for investment. However, worthwhile investment opportunities may be found. The Gross Domestic Product (GDP) per capita in Argentina was last recorded at $12,950. The average citizen in Argentina has high wealth. Countries with high wealth per capita employ a highly skilled workforce with competitive wages. Labor in countries with high wealth is expensive when compared with countries with lower GDP per capita. However, it is easy to find highly skilled employees in Argentina. GDP Annual Growth Rate in Argentina averaged -1.7% in 2014. According to this percentage, Argentina is currently experiencing significant decline. Countries that are experiencing significant decline could be experiencing dramatic decreases in personal consumption, employment rate, and personal income. A significant decline in GDP should warn investors that this location poses a high level of risk and should not be considered a safe location for investment.