Wealth in Argentina
Reasons Behind Stats
Reason for Variations in GDP
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The main reason for differences in GDP are the natural resources and agriculture that the land provides in each region. Also, the living conditions and location of industry and ports play a part.
Santa Cruz, with a small population and land that is rich in natural resources, has long been one of Argentina's best earning economies.
Formosa's economy has long been one of Argentina's poorest due to the fact that it is remote and the land is inhospitable.
What caused changes in Employment Rate?
The Employment Rate in Argentina has suffered a lot recently.
The main reasons for this is that Economy is badly managed generally and that the Government isn’t able to figure out how to get the country out of debt.
Reason for high poverty rate
Rising inflation, rising unemployment and changes agreed to with the International Monetary Fund explain the high poverty rate.
Also household income in the lower middle parts of Argentina were below the increases in the price of basic goods and services
Another reason is job losses as well as the fact that the Government can’t compensate or provide alternative work