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Excerpted from the Argentina Career Guide

Economic  Outlook

Endowed with abundant natural resources, Argentina benefits from an extremely educated workforce, globally competitive agricultural sector and diversified industrial base. It is the fourth most populous country in Latin America, with a population of nearly 42 million people. It has the second-largest economy in South America, and the third largest in Latin America overall. India, Brazil and South Africa are interested in having Argentina join the Brazil, Russia, India and China group (BRICS) of emerging economies.

Employment Outlook

The labor market is holding steady, with a less than one percent decrease in jobs over the past year. The largest decrease occurred in agriculture, followed by construction and industry. The slight drop in employment appears to be due to employers reluctant to fill positions left vacant by attrition. Also, employees are reluctant to leave their jobs in this uncertain labor market climate, reducing mobility. Jobs increased in the metropolitan urban areas of Buenos Aires, Córdoba and Santa Fe.

Areas of Job Promise

Argentina's manufacturing and industrial industries need safety and environmental experts. Specifically, this includes professionals and technicians with backgrounds in environmental sciences, and experienced industrial engineers. Furthermore, these positions require excellent communication and interpersonal skills.

Renewable/clean energy is another area of promise. The country has the potential to become a major supplier of renewable energies, and it is currently one of the world’s leading producers and exporters of biodiesel and bioethanol. The government recently implemented policies to encourage the use of renewable energy sources, and 8 percent of electricity consumed within the country must come from renewable sources by 2016. To achieve this, a number of wind energy projects are underway, creating 7,000 jobs.

Salaries and Wages

Salaries have been on the rise in Argentina over the past decade, and purchasing power for minimum wages and pensions tripled over the same period. Salaries, driven by high inflation, have risen by between 25 and 35 percent since last year but the inflation leads to decreased purchasing power.

This is just a short sample of what you’ll find in over 100 pages of information in the Argentina Guide.



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