Argentina’s poverty rate dropped from 52.9 percent to 38.1 percent during the second half of 2024, according to new data by the National Institute of Statistics and Census of Argentina (INDEC).
Local outlets reported that INDEC, a decentralized entity within the Argentine Economic Ministry, observed a nationwide decrease in poverty and indigence (extreme poverty) rates during the last six months of 2024. During that time period, poverty fell 14.8 percentage points and 8.2 percent of the population was documented living below the extreme poverty line.
Argentina’s Radio Mitre stated that the government of President Javier Milei managed to improve the country’s situation in comparison to 2023, the last year of the disastrous socialist administration of former president and suspected domestic abuser Alberto Fernández. According to INDEC’s report, there are roughly 18 million Argentines living in conditions of poverty.
“With respect to the first half of 2024, the incidence of poverty fell for both households and individuals, by 13.9 and 14.8 percentage points, respectively,” INDEC detailed. “In the case of indigence, it showed a decrease of 7.2 percent for households and 9.9 percent for individuals.”
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