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How wealthy is Argentina?
A: The official answer is: Absolutely not. The richest 10th of the OECD is Argentina (11.31%), making it the 41st largest economy of Brazil, 36th largest in the world and the 48th.
The graph below shows the share of Argentina’s income that goes to the top 1 percent, and the gap between the top 1 percent and the rest of the population, between 2000 and 2014. The gap between the richest 10 percent and the rest of the population is much larger.
In 2000, the richest 10 percent took 40 percent of all income, the poorest 10 percent took 9.6 percent, the richest 10 percent took 5.8 percent, and the rest took 1.
Only about 1 in 5 income is held by the top 1 percent, and that share has grown to 3.3 percent. About 36 percent of its income is held by the top 1 percent.
The richest 10 percent make up about half of all workers, and almost all of them earn more than the national income. About 36 percent of the workforce lives below the poverty line.
The richest 10 percent make up about half of all immigrants, and almost all of them are from Latin America. About 36 percent of immigrants arrive in the United States by landrace, and about 36 percent arrive by sea.
The top 1 percent make up most of the foreign income that enters the country, and the rest come from other countries, including China, India, and Venezuela. About 36 percent of the foreign income comes from the United States, and about 36 percent from other countries.
The chart below shows the share of the income that goes to the top 1 percent, and the gap between the richest 10 percent and the rest of the population, between 2000 and 2014. The richest 10 percent earned 36 percent of all income, the poorest 10 percent earned 1.5 percent, and the rest earned less than the top 10 percent.
The data for 2014 are based on September 2014, and the data series are subject to known bias.
On average, the richest 10 percent of Argentina’s population lives in poverty.
