Income and Expenditure: Argentina

June 2024

In 2023, Argentina ranked sixth in Latin America for average gross income. Over the year, the country recorded a 0.5% decrease in per capita disposable income due to severe economic hurdles, skyrocketing inflation and growing poverty levels. However, projections for 2023-2028 suggest a 31.1% increase in per capita disposable income, outpacing the Latin American average. Despite this, as the economy remains highly volatile, future developments are subject to uncertainty.

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The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

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Income and Expenditure: Argentina


Argentina's income levels expected to rise despite current financial hurdles
Poverty rises as Argentina sinks into economic crisis
The majority of consumers are concerned about the rising costs of everyday items
High-value consumption potential to rise by 2030, yet remain rather limited
Chart 1 Annual Gross Income Distribution by Age in Argentina: 2023
Chart 2 Distribution of Income in Argentina: Key Metrics 2023-2028
Chart 3 Gross Income Growth Index in Argentina 2023-2028
Chart 4 Average Gross Income by Age in Argentina 2023-2028
Chart 5 Population by Income Brackets in 2028
Chart 6 Gini Index 2023/2028
Chart 7 Households by Disposable Income (PPP) 2023-2028
Chart 8 Overview of Argentina’s Social Classes 2028
Chart 9 Social Class D by Age: 2023/2028
Chart 10 Consumer Market and Spending in Argentina: Key Metrics 2023-2028
Chart 11 Consumer Expenditure in Top Regions: Size in 2028 and Growth over 2018-2028
Chart 12 Urban/Rural Consumer Expenditure in 2028
Chart 13 Households Expenditure in 2023
Chart 14 Consumer Spending by Category in Argentina 2023-2028: USD per Household
Chart 15 Index of Consumer Prices in Argentina over 2018-2023
Chart 16 Households Expenditure by Category in Argentina: 2028
Chart 17 Argentina’s Wealth Landscape: 2023-2030

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