Source
Central bank

Central Bank of Argentina

International Reserves

USD 39.40 billion (2020)
World Bank, last updated 12/16/2021

Gross Domestic Product - GDP

USD 455.17 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP (Purchasing Power Parity)

USD 1,049.40 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Real GDP growth
2017 2018 2019* 2020* 2021*
2.8% -2.6% -2.1% –9.9% 7.5%

*Estimate

GDP per capita - current prices

USD 9,929.15 (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP per capita - PPP

USD 22,891.70 (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP (PPP) - share of world total

0.73% (2021 estimate)
IMF - World Economic Outlook, October 2021

 
 
Source
GDP - composition by sector
  • agriculture: 6.8% 
  • industry: 22.5% 
  • services: 54.3%

(2020 estimate)

Gross domestic expenditure on R&D; (% of GDP)

0.5% (2019)
OECD, retrieved January 2022

Inflation
2017 2018 2019* 2020* 2021
25.7% 34.3% 53.5% 42% N/A

*Estimate

Unemployment rate
2017 2018 2019* 2020* 2021*
8.4% 9.2% 9.8% 11.6% 10.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2017 2018 2019* 2020* 2021
57% 85.2% 88.7% 102.8% N/A

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2017 2018 2019* 2020* 2021
-4.2% -2.2% -0.4% –6.2% N/A

*Estimate

Government bond ratings

Standard & Poor's: CCC+

Moody's rating: Ca

Standard & Poor's / Moody's 

Market value of publicly traded shares

USD 39.4 billion (2019)
World Bank / Market capitalization

Largest companies

MercadoLibre, YPF
Forbes Global 2000 (2021)

 
 
Source
Current account balance

USD 4.5 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Current account balance by percentage of GDP

0.99% (2021 estimate)
IMF - World Economic Outlook, October 2021

Exports as percent of GDP (Exports of goods and services)

16.6% (2020) 29.8% (2020)
World Bank - World Development Indicators (updated Feb 2022) World Bank - World Development Indicators (updated Feb 2022)

Shares in world total merchandising export

0.31% (2020)
United Nations Conference on Trade and Development (UNCTAD)

Shares in world total commercial services export

0.2% (2020)
Compiled by GFMag - Based on World Bank - World Development Indicators

Total exports

USD 64.2 billion (2020 estimate)
United Nations Conference on Trade and Development (UNCTAD)

Export commodities

Soybean products, corn, delivery trucks, wheat, frozen meat, gold (2019)

Total imports

USD 52.1 billion (2020 estimate)
United Nations Conference on Trade and Development (UNCTAD)

 
 
Source
Import commodities

Cars, refined petroleum, vehicle parts, natural gas, soybeans (2019)

Exports - major partners

Brazil 16%, China 11%, United States 7%, Chile 5% (2019)

Imports - major partners

Brazil 21%, China 18%, US 14%, Germany 6% (2019)

FDI inflows
2018 2019 2020
USD 11.9 billion USD 6.7 billion USD 4.1 billion
FDI outflows
2018 2019 2020
USD 1.8 billion USD 1.5 billion USD 1.2 billion
Value of cross-border M&A, by country of purchaser
2017 2018 2018 2020
USD 540 million USD -270 million USD 419 million USD 109 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

126 out of 190 countries

​Subcategories:

Starting a Business: 141 out of 190 countries
Dealing with Construction Permits: 155 out of 190 countries
Getting Electricity: 111 out of 190 countries
Registering Property: 123 out of 190 countries
Getting Credit: 104 out of 190 countries
Protecting Minority Investors: 61 out of 190 countries
Paying Taxes: 170 out of 190 countries
Trading across Borders: 119 out of 190 countries
Enforcing Contracts: 97 out of 190 countries
Resolving Insolvency: 111 out of 190 countries
World Bank - Doing Business 2020

Global competitiveness ranking

83 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 144 / Score: 50.1 (Mostly Unfree)

(100=totally free 0=totally repressed)

The Heritage Foundation - 2022 Index of Economic Freedom

 
 
Source
Time zone

UTC-3

Total area

2,780,400 sq km

Capital

Buenos Aires

Currency

Argentine pesos (ARS)

Government type

Presidential republic

Languages

Spanish (official), Italian, English, German, French, indigenous (Mapudungun, Quechua)

Religions

Nominally Roman Catholic 92% (less than 20% practicing), Protestant 2%, Jewish 2%, other 4%

Total population
1990 2000 2010 2015 2020*
32.53 million 36.78 million 40.79 million 43.13 million 45.55 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
73.6% 82.9% 89.1% 91.9%
Population median age

31.9 years 

Population growth rate

0.89% (2018 estimate)

Life expectancy

77.5 years (2018 estimate)

Literacy

Total population: 99.1% 
Male: 99.1% 
Female: 99.1%
Definition: age 15 and over can read and write (2016 est.)

% of population living on less than $3.10 a day

2.4% (last available estimate, 2017)

Inequality of wealth distribution (Gini index)

41.2 (last available estimate, 2017)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Free
Political Rights: 2
Civil Liberties: 2 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 21.9%

Mobile: 132.1%

(2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

74.29 % (2017)

Mercer Cost of living index

Buenos Aires: 133rd (2019)

CO2 emissions

4.78 metric tons per capita (2014)

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