Argentina Minimum Monthly Wage  Forecast 2016-2020

Minimum Wages in Argentina is expected to be 8554.64 ARS/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Argentina to stand at 9783.54 in 12 months time. In the long-term, the Argentina Minimum Monthly Wage is projected to trend around 7010.00 ARS/Month in 2020, according to our econometric models.

Argentina Minimum Monthly Wage
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Minimum Wages 8062 8555 6810 9370 9784 7010 ARS/Month
Argentina Minimum Monthly Wage Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Argentina Minimum Monthly Wage using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Argentina Minimum Monthly Wage - was last predicted on Saturday, May 27, 2017.
Argentina Labour Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 7.6 10.1 10.2 10.2 7.76 9
Employed Persons 11459 11240 13000 13900 11456 15500
Unemployed Persons 937 1350 1360 1350 893 1000
Employment Rate 41.9 41.2 41.5 42.2 41.75 45
Labor Force Participation Rate 45.3 45.48 45.57 45.4 45.28 45.42
Wages 31225 24379 24009 24142 24137 24144
Wages In Manufacturing 2782 2550 2650 2800 3777 3700
Minimum Wages 8062 8555 6810 9370 9784 7010
Population 43.59 43.38 43.49 43.61 43.61 45.57
Living Wage Family 9308 12400 12400 12400 8782 13300
Living Wage Individual 7055 7000 7200 7400 8118 8000
Wages Low Skilled 7100 7500 7700 8100 11344 1790
Wages High Skilled 16400 19000 19500 20350 20991 26700