Buenos Aires is the capital, and largest city, of Argentina, currently the second-largest metropolitan area in South America, after São Paulo. Buenos Aires is the financial, industrial, commercial, and cultural hub of Argentina. Its port is one of the busiest in South America; navigable rivers by way of the Rio de la Plata connect the port to north-east Argentina, Brazil, Uruguay and Paraguay. As a result it serves as the distribution hub for a vast area of the south-eastern region of the continent. Tax collection related to the port has caused many political problems in the past. Argentina is in Southern South America, bordering the South Atlantic Ocean, between Chile and Uruguay. Mostly temperate; arid in southeast; sub Antarctic in southwest. Rich plains of the Pampas in northern half, flat to rolling plateau of Patagonia in south, rugged Andes along western border. The official language is Spanish. English and Italian (Italians are the single largest immigrant group) are widely spoken in business circles in the capital Buenos Aires, though efforts to speak some Spanish are appreciated. Otherwise English is generally spoken only in centres catering to tourists. The main religion is Christianity. The economy of Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector and a diversified industrial base. Historically, however, Argentina's economic performance has been very uneven, in which high economic growth alternated with severe recessions, particularly during the late twentieth century. Early in the twentieth century it was one of the richest countries in the world, though it is now an upper-middle income country. The security risk for expatriates in Argentina is low. Risks include petty and opportunistic crime, violent crime (mainly in some of the settlements in the industrial belt of Buenos Aires), as well as demonstrations and clashes between protesters and the police. The population in Buenos Aires is 2.9 Mil (2014 est.), while the inflation rate is 10.9% (2014 est.).
Cost Of Living
The cost of living for expatriates in Buenos Aires as at 1 April 2015 is high in comparison to other places in the world. In Buenos Aires, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Average 2) Clothing: Very High 3) Communication: Low 4) Education: Low 5) Furniture & Appliances: Average 6) Groceries: Low 7) Healthcare: Very Low 8) Household Accommodation: Very High 9) Miscellaneous: Average 10) Personal Care: Very Low 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: High 13) Transport: Average Buenos Aires is for example -13.1% cheaper than Montevideo for groceries, 51.3% more expensive for household costs than Durban, and -2% cheaper for transport costs than Athens. Buenos Aires is ranked as a some hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Buenos Aires for an expat from Zurich is for example 10%, i.e. host location (Buenos Aires) premium of 20% minus home (Zurich) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Buenos Aires? Register subscribe to your home location and Buenos Aires and run your personalised reports.