Unemployment in Argentina
Argentina's unemployment rate from 2013 to 2022 was characterized by volatility and a general upward trend, reflecting economic instability. The rate was relatively stable in the early part of the decade but began to rise as the country faced increasing fiscal challenges and inflation. The situation worsened with the economic impact of the COVID-19 pandemic, leading to a double-digit unemployment rate in 2020. Unemployment fell in the next two years however, thanks to recovery from the pandemic.
The unemployment rate in Argentina averaged 8.4% in the decade to 2022, slightly above the 8.2% average for Latin America. The unemployment rate in Argentina was 6.8% in 2022. For more unemployment information, visit our dedicated page.
Argentina Unemployment Chart
Note: This chart displays Unemployment Rate for Argentina from 2014 to 2023.
Source: Macrobond.
Argentina Unemployment Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 9.8 | 11.5 | 8.8 | 6.8 | 6.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine unemployment projections for the next ten years from a panel of 32 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for Argentine unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine unemployment projections.
Want to get access to the full dataset of Argentine unemployment forecasts? Send an email to info@focus-economics.com.