Fact Check: PIB per capita dispara na Argentina de Milei e atinge máximos de 20 anos
What We Know
Recent reports indicate that the GDP per capita of Argentina reached its highest level since 2004, amounting to $15,161 annually per inhabitant in the first quarter of 2025. This increase is attributed to several factors, including a 5.8% economic growth compared to the previous year, a significant appreciation of the peso against the dollar, and market liberalization policies implemented by President Javier Milei (source-1, source-3).
Additionally, inflation rates have seen a dramatic decline, falling to 1.5% in May 2025, down from 23% in December 2023 (source-2). This economic turnaround is seen as a significant achievement for Milei's administration, which has faced challenges such as high inflation and poverty rates (source-2, source-3).
Analysis
The claim that Argentina's GDP per capita has surged to its highest level in 20 years is supported by data from the Ministry of Economy and corroborated by multiple news outlets. The reported figures align with the economic growth statistics, which indicate a 5.8% increase in GDP in early 2025 (source-1, source-3).
The appreciation of the peso is a critical factor in this increase, as it has inflated the dollar-denominated GDP per capita figure. This currency adjustment, alongside the liberalization of markets, has been a cornerstone of Milei's economic strategy (source-1, source-3).
However, while the decline in inflation to 1.5% is noteworthy, it is essential to consider the broader economic context. The country has undergone significant austerity measures, which have led to increased poverty levels in the past (source-2). The 12-month inflation rate remains high at 43.5%, indicating that while there are improvements, challenges persist (source-2).
Conclusion
The claim that Argentina's GDP per capita has reached its highest level in 20 years under Javier Milei's administration is True. The data from credible sources, including government statistics and reputable news outlets, confirms this assertion. However, it is crucial to recognize that while these figures reflect a positive trend, they are part of a complex economic landscape that includes ongoing challenges such as high inflation and poverty rates.
