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. The climate is mostly temperate but arid in the southeast and sub antarctic in the southwest. 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. In Argentina close personal space is normal during conversations and when greeting. For example males may embrace upon meeting. Men will generally kiss close female friends on the cheek. Business attire is typically conservative, dark suits and ties for men and blouses and dark suits or skirts for women. Women are treated with respect and courtesy by men and hold posts at the highest levels, however they should avoid walking alone at night, particularly in isolated areas. 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 currency of Argentina is the Argentine Peso (ARS). Banking is on a par with that of Western Europe and North America. ATMs and credit cards are widely used. Medical facilities are good, but can be expensive. Government hospitals can be crowded. Asthma, sinus and bronchial problems can be aggravated by pollution in major cities. Dengue fever occurs. The population of Buenos Aires is 13.6 Million (Metro) (2019 est.), while the inflation rate (CPI) is 57.3% for Argentina as at May 2019. Xpatulator Hypothetical Tax for Argentina is based on the current personal income tax rates which are progressive up to 35%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Buenos Aires, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Buenos Aires as at 1 July 2019 is high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: High 3) Communication: Low 4) Education: Low 5) Furniture & Appliances: Average 6) Groceries: Very Low 7) Healthcare: Low 8) Household Accommodation: Very High 9) Miscellaneous: Low 10) Personal Care: Very Low 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Low 13) Transport: Very Low Buenos Aires is for example -17.4% cheaper than Houston TX for groceries, 146.6% more expensive for household costs than Kuala Lumpur, and -13.7% cheaper for transport costs than Dubai. The hardship premium for Buenos Aires for an expat from Perth, is for example 10%, i.e. host location (Buenos Aires) premium of 20% minus home (Perth) location premium of 10%. Buenos Aires is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Buenos Aires? Register subscribe to your home location and Buenos Aires and run your personalised reports.