Argentina’s Economic Development and Life Satisfaction Revisited – 1984–2012

2014

At the end of 1983, Argentina returned to democracy. Between 1983 and 2012, Argentina brought better economic and development results as wells as an improvement in the levels of happiness and life satisfaction. Although the macroeconomic cycle was characterized by high volatility, the country GDP per capita was 74 % higher in 2012 compared to 1983, implying an average annual growth rate of 1.9 %, much higher than the average Latin American country. Poverty and income distribution as well as health and education ones notably improved after time intervals of decadence.