Argentina has lost ground relative to other countries
Inequality has fallen but well-being is below the OECD average in some areas
Macroeconomic imbalances have built up
Real GDP has been volatile and stagnated in recent years
The labour market and consumer confidence are showing mixed signals
Financial stability indicators do not point to significant vulnerabilities for now
The financial sector is less developed than in other countries
Residential real estate loans are underdeveloped
Bringing down inflation will be challenging
Public revenues and expenditures have reached high levels
Bond spreads have converged with the regional average
Public debt is sustainable under several scenarios
Composition of primary expenditures
Public payroll expenditures are high
Composition of tax revenues
Few people pay personal income tax
The tax wedge on labour income is close to the OECD average
Corporate income taxes are high
VAT revenues could be higher with stronger compliance and less use of reduced rates
Investment and productivity growth have been very low
There is room to reduce the restrictiveness of product market regulations
Local competition could be stronger
Labour market regulations are relatively rigid
The economy is fairly closed and barriers to trade are high
Participation in global value chains is low
Export performance has declined strongly
Argentina ranks low on the rule of law and corruption perceptions
Inequality and poverty are high
Labour market participation is lower among women and the young
Informality is high
Transfers and taxes alleviate inequalities
Pension benefits are high relative to working-age earnings
Educational attainment is low and has not improved much
Few students follow technical courses and careers
Learning outcomes show room for improvement even in the capital of Buenos Aires
Student performance is strongly linked to socio-economic background
Health outcomes can be improved
Infant mortality shows significant regional disparities
Green growth indicators