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The monthly minimum wage in Argentina is USD 495. According to a 2012 estimate, Argentina has a public debt equivalent to 118% of the country's gross domestic product (GDP). In relation to consumer prices, the inflation rate in Argentina is 20.8%. The currency of Argentina is the Argentine Peso. The plural form of the word Argentine peso is pesos. The symbol used for this currency is $ and is abbreviated as ARS. The Argentine peso is divided into centavos; There are 100 in one peso. Every year, consumers spend around US$406,677 million. The ratio of consumer spending to GDP in Argentina is 70.27%, and the ratio of consumer spending to world consumer market is 95%. Corporate income tax in Argentina is 35%. Personal income tax ranges from 9% to 35% depending on your specific situation and income level. The VAT in Argentina is 21%. In 2013, Argentina received US$178.9 million in foreign aid. In 2014, foreign aid totaled $86.9 million.
Gross domestic product The total Gross Domestic Product (GDP) calculated as Purchasing Power Parity (PPP) in Argentina is US$964 billion. The gross domestic product (GDP) calculated as purchasing power parity (PPP) per capita in Argentina was last at 21,578 US dollars. The PPP in Argentina is considered good compared to other countries. A good purchasing power parity indicator suggests that citizens in this country rarely find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with good purchasing power parities are relatively safe locations for investments. The total gross domestic product (GDP) in Argentina is 579 billion. Based on this statistic, Argentina is considered a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. The gross domestic product (GDP) per capita in Argentina was last at 12,950 US dollars. The average citizen in Argentina has a lot of wealth. Countries with high wealth per capita employ highly skilled workers with competitive wages. Labor in wealthy countries is expensive compared to countries with lower GDP per capita. However, it is easy to find highly qualified workers in Argentina. The annual GDP growth rate in Argentina in 2014 was -1.7% on average. According to this percentage, Argentina is currently experiencing a significant decline. Countries that experience significant declines could see dramatic declines in personal consumption, employment rates, and personal income. A significant drop in GDP should alert investors that this location is high risk and should not be considered a safe place to invest.
https://www.confiduss.com/en/jurisdictio...conomy/finance/
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