A smiling man in a dark suit and tie waves from a balcony decorated with a blue and white flag. — Poverty dropped significantly thanks to Milei's economic policies | La Derecha Diario

Camara — Poverty dropped significantly thanks to Milei's economic policies | La Derecha Diario

Economic miracle: poverty fell to 38.1% in the second half of 2024

The decrease in poverty is explained by several factors such as the decrease in inflation

31/03/2025 15:34:00h
Updated at 31/03/2025 16:07:08h

Editorial Team

The National Institute of Statistics and Censuses (INDEC) published the poverty data corresponding to the second half of 2024, which reflect a reduction compared to the previous period.

According to the report, 38.1% of the population is below the poverty line, while 8.2% are in a situation of indigence. This number reflects a strong decrease compared to the economic outlook inherited from Kirchnerism.

Additionally, the number is below the 41.7% with which the Kirchnerist Alberto Fernández left his term.

Why did poverty decrease in Argentina?

The decrease in poverty is explained by several factors. Among them:

Income evolution: wages and social programs impacted purchasing power.
Inflation: the cost of living showed a downward trend, with decreasing inflation allowing the basic basket not to rise disproportionately.
Stable exchange rate: directly impacts the food in the basic basket, a more than important component to reduce poverty.

Infographic on the Permanent Household Survey showing poverty and indigence data in millions of households and individuals, with percentages and figures on income and basic baskets.

According to the report, 38.1% of the population is below the poverty line, while 8.2% is in a situation of indigence | La Derecha Diario

Comparison with the previous period

In the first four months of 2024, poverty had reached 52.9% due to the economic effects of the Massazo, which shows a more than marked decrease in this new measurement.

➡️ Argentina