Argentina: Bucking Austerity
Argentina’s new Peronist government must resolve the country’s economic crisis.
Argentina GDP and Economic Data
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 65.8 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
GDP (Purchasing Power Parity)
Intl$ 915.1 billion (2018, estimate)
Source
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
Source
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 1.37% | 0.88% | 0.89% | 0.89% | 0.65% |
*Estimate
Source
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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
Source
Unemployment rate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 6.5% | 8.5% | 8.4% | 9.2% | 10.6% |
*Estimate
Source
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
Source
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
Source
Government bond ratings
Standard & Poor's: CCC-
Moody's rating: Caa2
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| USD 63.6 billion | USD 108.7 billion | USD 46.0 billion |
Source
Current account balance by percentage of GDP
-5.3 % (2018 estimate)
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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)
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 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
Source
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
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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
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 73.6% | 82.9% | 89.1% | 91.9% |
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)
Source
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)