Back اقتصاد الأرجنتين Arabic Economía d'Arxentina AST Эканоміка Аргенціны Byelorussian আর্জেন্টিনার অর্থনীতি Bengali/Bangla Economia de l'Argentina Catalan Wirtschaft Argentiniens German Ekonomio de Argentino Esperanto Economía de Argentina Spanish اقتصاد آرژانتین Persian Économie de l'Argentine French

Economy of Argentina

Economy of Argentina
Buenos Aires Puerto Madero 30
Buenos Aires Puerto Madero 30
Buenos Aires Central Business District
CurrencyArgentine peso (ARS)
Calendar year
Trade organizations
WTO, Mercosur, Prosur, G-20
Country group
Statistics
PopulationIncrease 46,044,703 (2022)[3]
GDP
GDP rank
GDP growth
  • 5.2% (2022)
  • 0.2% (2023)
  • 2.0% (2024)[4]
GDP per capita
  • $13,700 (nominal; 2023)[4]
  • $27,300 (PPP; 2023)[4]
GDP per capita rank
GDP by sector
  • Agriculture, forestry, and fishing: 6.0%
  • mining: 3.6%
  • manufacturing: 17.2%
  • construction: 5.6%
  • commerce and tourism: 16.9%
  • transport, communications, and utilities: 7.9%
  • government: 9.5%
  • business, social and other services: 33.3%.
  • (2015)[5]
Population below poverty line
  • Negative increase 40.1% (2024) (INDEC)[7]
  • Positive decrease 10.6% on less than $6.85/day (2021)[8]
Positive decrease 42 medium (2021)[9]
Labor force
  • Increase 21,339,080 (2022)[11]
  • Increase 55.1% employment rate (2021)[12]
Labor force by occupation
  • Agricultural 7.3%
  • manufacturing 13.1%
  • construction 7.6%
  • commerce and tourism 21.4%
  • transport, communications and utilities 7.8%
  • financial, real estate and business service, 9.4%
  • public administration and defense 6.3%
  • social services and other 27.1% (2006)
[13]
Unemployment
Average gross salary
US$178,47 monthly (AR$87,987) (June 2023)[16]
Main industries
External
ExportsIncrease $88.44 billion (2022)[17]
Export goods
Soybeans and derivatives, petroleum and gas, vehicles, corn, wheat
Main export partners

(2022)[18]

ImportsIncrease $81.52 billion (2022)[19]
Import goods
Machinery, motor vehicles, petroleum and natural gas, organic chemicals, plastics
Main import partners
FDI stock
  • Increase $76.58 billion (31 December 2017 est.)[20]
  • Increase Abroad: $40.94 billion (31 December 2017 est.)[20]
Decrease −$31.32 billion (2017 est.)[20]
  • Negative increase $214.9 billion (31 December 2017 est.)[20]
  • $163.2 billion; of which public, $92.5 billion (March 2016)[21]
Public finances
  • Negative increase 102% of GDP (2021)[22]
  • Negative increase $271.5 billion (bonds, 68%); 44.8% of GDP (December 2021)[21]
−15% (of GDP) (2023 est.)[20]
Revenues
  • 120.6 billion (2017 est.)[20]
  • $142.9 billion (2015) (social security, 25.9%; income and capital gains, 23.6%; value-added sales tax, 20.1%; trade and duties, 15.1%; financial tax, 6.3%; excise and other, 9.0%)[23]
Expenses
  • 158.6 billion (2017 est.)[20]
  • $167.3 billion (2015) (social security, 38.8%; subsidies and infrastructure, 22.5%; debt service, 9.2%; education, culture and research, 8.8%; social assistance, 5.4%; health, 3.4%; security, 3.1%; defense, 2.1%; other, 6.7%)[23][24]
  • Decrease $26.10 bilion (july 2023)[20]
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars.

The economy of Argentina is the second-largest national economy in South America, behind Brazil. Argentina is a developing country with a highly literate population, an export-oriented agricultural sector, and a diversified industrial base.

Argentina benefits from rich natural resources. Argentina's economic performance has historically been very uneven, with high economic growth alternating with severe recessions, particularly since the late twentieth century. Income maldistribution and poverty have increased since this period. Early in the twentieth century, Argentina had one of the ten highest per capita GDP levels globally. It was on par with Canada and Australia, and had surpassed both France and Italy.

Argentina's currency declined by about 50% in 2018 to more than 38 Argentine pesos per U.S. Dollar. As of that year, it is under a stand-by program from the International Monetary Fund. In 2019, the currency fell further by 25%. In 2020, it fell by 90%, in 2021, 68%,[26] and a further 52% in 2022 (until July 20).[27]

Argentina is considered an emerging market by the FTSE Global Equity Index (2018), and one of the G-20 major economies. In 2021, MCSI re-classified Argentina as a standalone market due to prolonged severe capital controls.[28]

  1. ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
  2. ^ "World Bank Country and Lending Groups". World Bank. Retrieved 29 September 2019.
  3. ^ "Nuevos datos provisorios del Censo 2022: Argentina tiene 46.044.703 habitantes". Infobae. 31 January 2023. Retrieved 1 February 2023.
  4. ^ a b c d e "World Economic Outlook database: April 2023". imf.org. International Monetary Fund.
  5. ^ "Indec" (PDF) (in Spanish). Indec. Archived from the original (PDF) on 24 September 2016. Retrieved 23 September 2016.
  6. ^ "Índice de precios al consumidor" (PDF). Instituto Nacional de Estadística y Censos (in Spanish). Retrieved 1 March 2024.
  7. ^ "Incidencia de la pobreza y la indigencia en 31 aglomerados urbanos" (PDF). Indec. Retrieved 1 March 2024.
  8. ^ "Poverty headcount ratio at $6.85 a day (2017 PPP) (% of population) – Argentina". World Bank. Retrieved 4 June 2023.
  9. ^ "GINI index (World Bank estimate)". World Bank. Retrieved 4 June 2023.
  10. ^ a b "Human Development Report 2023/2024" (PDF). United Nations Development Programme. 13 March 2024. Archived (PDF) from the original on 13 March 2024. Retrieved 28 April 2024.
  11. ^ "Labor force, total – Argentina". World Bank. Retrieved 4 June 2023.
  12. ^ "Employment to population ratio, 15+, total (%) (national estimate) – Argentina". World Bank. Retrieved 4 June 2023.
  13. ^ "Empleo e Ingresos". MECON.
  14. ^ "Mercado de trabajo. Tasas e indicadores socioeconómicos (EPH) 2022" (PDF). INDEC (in Spanish).
  15. ^ "Report for Selected Countries and Subjects". IMF. Retrieved 7 April 2021.
  16. ^ "El Gobierno confirmó una suba del 26,6% del salario mínimo en tres tramos". 28 March 2023. Retrieved 4 June 2023.
  17. ^ "Argentine Foreign Trade Statistics" (PDF). Retrieved 4 June 2023.
  18. ^ a b "Argentine Foreign Trade Statistics" (PDF). Retrieved 4 June 2023.
  19. ^ "Argentine Foreign Trade Statistics" (PDF). Retrieved 4 June 2023.
  20. ^ a b c d e f g h "The World Factbook". CIA.gov. Central Intelligence Agency. Retrieved 16 February 2019.
  21. ^ a b "Economic and financial data for Argentina". MECON. Archived from the original on 8 March 2013. Retrieved 10 May 2016.
  22. ^ "Cuentas internacionales" (in Spanish). INDEC. 10 February 2021.
  23. ^ a b "Finanzas Públicas". Ministerio de Economía.
  24. ^ "Gasto Público por finalidad, función". INDEC. Archived from the original on 16 December 2014. Retrieved 23 January 2015.
  25. ^ "S&P raises Argentina local currency ratings 'B-/B' with a stable outlook". FTSE Global Markets. 4 February 2016. Archived from the original on 28 August 2016. Retrieved 1 July 2016.
  26. ^ Yosovitch, Julián (19 July 2022). "Vuelan las acciones en pesos a la par del dólar CCL". Cronista.com (in Spanish). Retrieved 7 August 2022.
  27. ^ "En lo que va de 2022 el peso argentino es la moneda que más se depreció en toda la región". Agrositio.com.ar (in Spanish). Archived from the original on 20 July 2022. Retrieved 7 August 2022.
  28. ^ Nasdaq (24 June 2021). "Argentina stands alone as MSCI yanks emerging market status". Retrieved 16 August 2023.

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