The capital, Buenos Aires, has quite a changing economy. Its labour market is open to expatriates for various reasons which are lacking in the older workforce. Finding a job there might not be an easy task, but it's not impossible either.
Buenos Aires, Argentina's capital city, has a dynamic economy primarily based on the tertiary sector with services, finance, tourism, communications. The labour market is open to expatriates who may be interested in a wide variety of business sectors— from low-tech to high-tech.
Besides, with the largest regional ports on Rio de la Plata, Buenos Aires easily links to the rest of the continent. Trade, labour and bilateral relations all benefit from the central location, and Brazil, Paraguay and Uruguay are especially easy to get to.
If you're looking to work in Buenos Aires, first assess your skills and then analyze the labour market to find industries which fit your needs, profile and lifestyle the best
The Buenos Aires economy
The city's Gross Domestic Product, GDP, was about USD 348.4 million in 2012. In 2019, that grew to USD 518.092 billion. The main economic pillar continues to be the service sector.
Of the over three-million residents, half are employed and produce a per capita GDP of USD 24,800.
Of the 155,114 businesses in the city, 132,000 are listed as ‘micro,' 20,000 as small-to-medium enterprises and 2,500 large companies.
Industries such as financial services, transportation, communications are important sectors, and leasing and real estate contribute to the economy.
Many international and multinational businesses have offices and facilities in Buenos Aires and include kay performers in the auto industry like Ford, Volkswagen and Fiat.
Promising fields for expats in Buenos Aires
As a service economy, Buenos Aires creates many jobs in tourism, hospitality and catering. Expats are especially encouraged to apply and send an application to international businesses based here.
Spanish is the country's official language, and this creates jobs in the language teaching field. Besides English, languages such as German, French and Russian are also taught by individual tutors as well as language institutes in the city.
Argentine newspapers and job websites can be helpful in finding a job in Buenos Aires. Expats especially benefit from word-of-mouth within the community. Recruitment agencies may also be a good resource depending on your talent, skills and qualifications.
Salaries and unemployment in Buenos Aires
How much pay can you expect? Who knows. It depends on the job, the area, your experience, and the usual dictates. The only thing for sure is, if your new job pays in pesos, it won't be much. The per capita income is ARS 4,000 monthly. Currently, that's about USD 78. So if you get a salary in American dollars, you're rich.
Unemployment in Buenos Aires
The unemployment rate in Argentina is currently around 9.50 per cent. An excellent resource for staying on top of the situation is TradingEconomics.
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