🇦🇷 Latinometrics is in Buenos Aires! 🇦🇷

In honor of this beautiful city, we're publishing a series of special-edition charts about Argentina over the next couple of weeks.

If you're interested in meeting up with our co-founder, Ernesto Canales, and exploring collaborations, please don't hesitate to drop him an email (ernesto@latinometrics.com) or a LinkedIn message.

For our first day: Argentina's glorious history.

Photo taken near Buenos Aires’ iconic Plaza de Mayo source: www.reddit.com/r/CityPorn

Line graph comparing GDP per capita (adjusted for inflation) of Argentina, Mexico, and Western European countries, showing Argentina was once richer than Western Europe | Sources: Our World in Data, Latinometrics
Argentina was once richer than Western Europe

No other Latin American country was remotely close to this level of economic development. Opportunity attracted a mass of (welcomed) European migrants, particularly from Italy and Spain, thus forever cementing their influence in Argentina's culture.

During the late 19th and early 20th centuries, European-commissioned buildings were erected all over Buenos Aires. From president Javier Milei's current office, La Casa Rosada (influenced by Italian architecture), to the second-to-none Teatro Colón (Belgian architect), to the majestic Palacio de Aguas Corrientes (Norwegian and Swedish architects).

Then there are the impressive embassies sprinkled throughout the city, which speak to Argentina's desire to hold strong foreign relations with world powers. But perhaps the most remarkable of all is France's embassy, the Palacio Ortiz Basualdo. Designed by French architect Paul Parter, this architectural masterpiece epitomizes the grandeur of the Belle Époque era.

Fortunes change, however; today, all three European countries on our chart have over double Argentina's GDP per capita. By this metric, Latin America's largest Hispanic country, Mexico, has now caught up to Argentina.

Nonetheless, and despite all the inflation issues we've all heard about, having an early start has paid off for Argentinian society. The country still ranks high (in the top 50) in the Human Development Index put together by the United Nations.

Human Development Index by the United Nations

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