Why Argentina
Knowledge-based service industry in Argentina is in its prime, having experienced a decade’s steady growth, driven by the outstanding talent of our human resources, a favorable time zone, a good business environment and a high-quality local technological infrastructure.
Argentina is the world’s leading software developer and exporter, with more than 4,200 companies in the sector. Argentina is also a Latin-American referent in the area of agribusiness technology services (AgTech) and it is gaining ground in the FinTech and videogame industry.
STRONG FUNDAMENTALS AND SOLID PROSPECTS FOR SUSTAINABLE GROWTH
- 3rd largest economy in Latin America, with a GDP of USD 490 billion in 2023.
- Among the top in the region for GDP per capita in PPP terms, approximately USD 22,500 as of the latest figures.
- World’s 1st largest exporter of soybean oil, 2nd largest producer of lemons and 3rd largest exporter of corn.
QUALIFIED HUMAN RESOURCES:
- 1st in Tech Skills in Latin America (Coursera).
- 1st in English proficiency in Latin America (EF English Proficiency Index 2023).
- 2nd in the creation of the most valuable companies in the region.
- Highly-qualified human resources.
- Excellent combination of skills and attitude.
- The Public University of Buenos Aires (UBA): Ranked #9 in Latin America and #95 in the world (QS World University Rankings 2024).
- A significant number of international students: Argentina attracts a substantial number of international students each year, around 90,000.
COMPETITIVE ADVANTAGES
- Located in a convenient time zone, compatible with the US and Europe.
- Highly competitive cost structure.
- Established sector (+15 years).
- Fiscal incentives (Law No. 27.506).
- Quality office space at affordable prices (below the regional average).
IN NUMBERS:
- 1st largest software, IT and audiovisual services exporter in the Southern Common Market (MERCOSUR).
- 3rd largest export industry in Argentina, totaling USD 8,000 millions in 2023.
- 11 “unicorns” (Mercadolibre, Globant, Despegar, OLX, Auth0, Vercel, Aleph, Mural, Bitfarms, Ualá y Tiendanube)
- More than 50 technology clusters throughout the country
- +494K highly-qualified professionals
- +20K employees of top global service firms have already established shared service centers.
- 95% of the total knowledge-based services developed in the country are exported, mainly to the United States, Europe and Asia.
- 0,4% of the world’s knowledge-based services exports are Argentinian.