Argentina's Macri Clears The Way
Argentina’s leaders believe they can attract more foreign investment, and have huge expectations for its benefits.
Argentina GDP and Economic Data
Country Report 2017 - Includes Argentina real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Argentina economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Argentina best banks and safest banks are also available.
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International Reserves
USD 36.4 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 595.0 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 924.5 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 8.1% | 9% | 4.1% | -5.9% | 10.1% | 6% | -1% |
| 2013 | 2014 | 2015* | 2016* | 2017* | ||
| 2.4% | -2.5% | 2.5% | -1.8% | 2.7% |
*Estimate
GDP per capita - current prices
USD 13,497.0 (2017, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 1.37% | 0.88% | 0.89% | 0.89% | 0.7% |
*Estimate
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GDP - composition by sector
- agriculture: 11.4%
- industry: 30.2%
- services: 58.4%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP)
0.6% (2014)
OECD, data retrieved January 2017
Inflation
| 2013 | 2014 | 2015 | 2016 | 2017* |
| 10.6% | N/A | N/A | N/A | 23.2% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 7.1% | 7.3% | N/A | 9.2% | 8.5% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 42.2% | 43.6% | 52.1% | 51.8% | 50.7% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -3% | -4% | -6.6% | -7.1% | -7.4% |
*Estimate
Government bond ratings
Standard & Poor's: B-
Moody's rating: B3
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| US$ 53.1 billion | US$ 60.1 billion | US$ 56.1 billion |
Source
Current account balance by percentage of GDP
-3.2% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
11.1% (2015)
Shares in world total merchandising export
0.3% (2015)
Shares in world total commercial services export
0.3% (2015)
Export commodities
Soybeans and derivatives, petroleum and gas, vehicles, corn, wheat
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Import commodities
Machinery, motor vehicles, petroleum and natural gas, organic chemicals, plastics
Exports - major partners
Brazil 17%, China 8.6%, US 5.9% (2015)
Imports - major partners
Brazil 22.4%, US 16.3%, China 15.5%, Germany 5.1% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 9,822 million | USD 5,065 million | USD 11,655 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 890 million | USD 1,921 million | USD 1,139 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD 2753.9 million | USD 99.2 million | USD 61.2 million | USD 509.2 million |
Cross-border M&A deals worth over $3 billion completed in 2014
Argentina, YPF SA, Argentina, USD 5.2 billion
(for a monthly update on M&A; click here )
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
(for a monthly update on M&A; click here )
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: 116 out of 190 countries (2017)
Subcategories:
Starting a business: 157 out of 190 countries
Enforcing Contracts: 50 out of 190 countries
Registering Property: 114 out of 190 countries
Getting credit: 82 out of 190 countries
Protecting investors: 51 out of 190 countries
Trading across border: 111 out of 190 countries
Paying Taxes: 178 out of 190 countries
Dealing with Construction Permits: 173 out of 190 countries
Getting Electricity: 91 out of 190 countries
Resolving Insolvency: 98 out of 190 countries
Source
Global competitiveness ranking
104 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 169 / Score: 43.77 (Repressed) (2016)
(100=totally free 0=totally repressed)
Source
Source
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 | 2016* | 2021* |
| 32.53 million | 36.784 million | 40.788 million | 43.6 million | 46.126 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 74% | 83% | 89% | 92% |
Literacy
Total population: 98.1%
Male: 98%
Female: 98.1% (2015 est.)
(age 10 and over can read and write)
% of population living on less than $3.10 a day
1.7% (2014)
Inequality of wealth distribution (Gini index)
42.7 (2014)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 2
Civil Liberties: 2 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 23.90% Mobile 146.70% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)