Argentina is the Latin American country where the middle class has grown the most in ten years, doubling in size, according to a report released by the Pew Research Center in the United States.
The study shows progress in the region has slowed down since 2010 as a result of the fall in economic growth and export prices. Some countries, however, managed to sail with the tide with Argentina’s middle class going from 15% of the total population in 2001 to 32.5% in 2011, accounting for an increase of 114% in ten years.
Furthermore, the Inter American Development Bank (BID) recently said 54.5% of Argentine households belonged to the middle class, ranking second after Uruguay where the number was of 55.8%.
“Since its 2002 economic crisis, Argentina has been one of the countries with the best performance in Latin America and the Caribbean in the reduction of poverty and posting gains of growing prosperity, expanding the middle class,” the BID said in its report.
In the PEW study, Argentina tops the ranking of middle class growth with 17.5% and is among the three countries in the region where the middle class includes most of its population: Argentina with 32.5%, Chile with 33.8% and Uruguay with 32.8%.
Argentina leads the ranking considering the expansion of the middle class in the 2001-2011 period with 17.5%, followed by Ecuador (13.4%), Peru (10.9%) and Brazil (10.3%).
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!
Over half of Argentina households belong to the middle class; only second to UruguayJul 23rd, 2015 - 09:32 am 0
Meanwhile in a Darky small islands with bad wheather better known as Ukistan or The stabbing by the back capitol of the world, corrupts politicians are planning to send more Britons to extreme porverty having to choose from to buy some basic food to survive or turn on the heating in the next winter.
Sad, very sad...
Middle class? How is it that so many Argies are so dumb then and despite huge natural resources their average incomes are only 40% of that of an Islander?Jul 23rd, 2015 - 10:22 am 0
Copying their looney neighbour Venezuala which has more oil than Saudi is probably the answer. They are presently heading down the same track and the murder rate is increasing too.
@The VoiceJul 23rd, 2015 - 11:07 am 0
Have you ever heard about Purchasing Power Parity and that per capita is not an indicartor or people income otherwise produtivity?
Per capita is obtained from dividing GDP measured in PPP for quatity of inhabitans.
So just as for demostration purpose example, if you have a nation of 2 people and one owns an automated factory which employees the unique worker in place for a shity salary of 100 Euros and the factory has a turnover of 100 millions, etc.
The per capita would be 50millions Euros each
So what does that tells you?
That a nation of 2 is high produtive because can produce 100m in whatevr they do.
But the worker is extremly poor while the owner of the factory is extremly rich for such little economy.