Source
Central bank

Central Bank of Argentina

International Reserves

USD 65.8 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 518.1 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 915.1 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
9% 4.1% -5.9% 10.1% 6% -1% 2.4%
2014 2015 2016 2017* 2018*    
-2.5% 2.7% -2.1% 2.7% -2.5%    

*Estimate

GDP per capita - current prices

USD 11,626.9 (2018, estimate)

GDP per capita - PPP

Intl$ 20,537.1 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
1.37% 0.88% 0.89% 0.89% 0.65%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 6.1% 
  • industry: 23.1% 
  • services: 55.6%

(2018 estimate)

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

0.5% (2016)

OECD, data retrieved October 2019

Inflation
2015 2016 2017 2018* 2019*
N/A N/A 25.7% 34.3% 54.4%

*Estimate

Unemployment rate
2015 2016 2017 2018* 2019*
6.5% 8.5% 8.4% 9.2% 10.6%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
52.6% 53.1% 57.1% 86.1% 93.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018* 2019*
-6% -6.7% -6.7% -5.2% -4%

*Estimate  

Government bond ratings

Standard & Poor's: CCC-

Moody's rating: Caa2

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
USD 63.6 billion USD 108.7 billion USD 46.0 billion
Largest companies

YPF, MercadoLibre

 
 
Source
Current account balance

USD -27.5 billion (2018 estimate)

Current account balance by percentage of GDP

-5.3 % (2018 estimate)

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

14.4% (2018)

Shares in world total merchandising export

0.32% (2018)

Shares in world total commercial services export

0.24% (2018)

Total exports

USD 75.8 billion (2018)

Export commodities

Soybeans and derivatives, petroleum and gas, vehicles, corn, wheat

Total imports

USD 86.3 billion (2018 estimate)

 
 
Source
Import commodities

Machinery, motor vehicles, petroleum and natural gas, organic chemicals, plastics

Exports - major partners

Brazil 16.1%, US 7.9%, China 7.5%, Chile 4.4% (2017)

Imports - major partners

Brazil 26.9%, China 18.5%, US 11.3%, Germany 4.9% (2017)

FDI inflows
2016 2017 2018
USD 3,260 million USD 11,517 million USD 12,162 million
FDI outflows
2016 2017 2018
USD 1,787 million USD 1,156 million USD 1,911 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
USD 509 million USD 138 million USD 540 million USD -270 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:

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

Global competitiveness ranking

83 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 148 / Score: 52.2 (Mostly unfree)

(100=totally free 0=totally repressed)

 
 
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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