Argentina was one of the earliest adopters of outsourcing software engineering services and has become a prime location for nearshore partnerships due to ongoing support for research and development, a widespread ability to generate and retain talent, and an openness to new ideas.
Talent Pool & Education
Thanks to the government’s commitment to free higher-education programs, Argentina’s population consistently ranks among the most educated in Latin America, with high rates of literacy and tertiary enrollment. English language skills are the most proficient in the region. Because Argentina is already established as a major global outsourcing hub for
software development, Western companies find it easy to collaborate and communicate with Argentinian teams. A strong US dollar against the peso is expected to keep software developer rates lower in the region.
Argentina’s primary language is Spanish, but English is widely spoken, especially in the software developer community.
With a gross domestic product of approximately US$400 billion, Argentina remains one of the largest economies in Latin America. It has fertile lands, gas and lithium
reserves, is a leading food producer and has significant opportunities in some manufacturing subsectors, and innovative services in high tech industries. However, historical volatility in its economic performance has been exacerbated by COVID-19 and the resulting social isolation measures. Its chronic battle with notoriously high inflation continued, clocking 36% in 2020. On the upside, the unemployment rate is expected to decline from 11.4% in 2020 to 9.3% in 2022. Projections for the country’s maturity profile also have improved over the next eight years, driven by the government’s effort to restructure all its foreign currency debt.
President Alberto Fernández, a former criminal law professor, led his Peronist party to a resounding win in the October 2019 general election, marking a shift to the centre left. Underscoring his image as a man of the people, he drove himself to Congress in his silver Toyota, waving to crowds on the roadside. Argentina is considered one of the safest countries in Latin America for travelers.