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Argentina poverty rate rises to 32.3% amid economic contraction
Argentina's poverty rate rose to 32.3% in the first half of 2026, affecting approximately 9.7 million people, according to data from the National Institute of Statistics and Censuses (Indec). This increase reverses a recent downward trend and marks a significant shift in the social impact of President Javier Milei's economic policies.
Extreme poverty has climbed to 7.5%, with 2.2 million people classified as indigent. The rise is attributed to household incomes failing to keep pace with the rising costs of essential goods, which increased by nearly 20%, while incomes grew by only 11.5%.
The economic landscape is further strained by rising unemployment, which has reached 7.9%, and a significant contraction in the private sector. Reports indicate that approximately 30,000 companies have closed since Milei took office, resulting in an estimated loss of 270,000 formal jobs. While Milei's administration has successfully reduced annual inflation from previous highs, critics argue that the resulting recession and loss of purchasing power are driving the current increase in poverty.
Entities
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] An estimated 270,000 formal jobs have been lost since the current administration began. www.ocafezinho.com
- [○ 1 SOURCE] Unemployment in Argentina reached 7.9%. www.diariodocentrodomundo.com.br
- [● 2 SOURCES] Approximately 9.7 million people in Argentina live below the poverty line. casopisargument.cz · www.diariodocentrodomundo.com.br
- [● 2 SOURCES] Argentina's poverty rate rose to 32.3% in the first half of 2026. casopisargument.cz · www.diariodocentrodomundo.com.br
- [○ 1 SOURCE] More than 30,000 companies have closed in Argentina since Javier Milei took office. www.ocafezinho.com
- [● 2 SOURCES] Extreme poverty reached 7.5% in Argentina. casopisargument.cz · www.diariodocentrodomundo.com.br