Economy of Argentina. Statistics, Data and Indicators
Argentina
| 15B+ | Credit rank #104 |
| 131.85 | Quality of life #41 |
| 94 | Corruption rank#76 |
| 126 | Ease of doing business#108 |
Argentina Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 633 USD Billion | 2022 |
| GDP Annual Growth Rate | -4.9 % | 2Q/23 |
| GDP Growth Rate | -2.84 % | 2Q/23 |
| GDP per capita | 12932 USD | 2022 |
| Inflation Rate YoY | 124 % | Aug/23 |
| Interest Rate | 118 % | Oct/23 |
| Unemployment Rate | 6.2 % | 2Q/23 |
| Wages | 456813 ARS/Month | 1304.847 USD/Month | Jun/23 |
| Balance of Trade | -1011 USD Million | -1.011 B USD | Aug/23 |
| Current Account | -6351 USD Million | -6.351 B USD | 2Q/23 |
| Foreign Exchange Reserves | 21048 USD Million | 21.048 B USD | Aug/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 633 USD Billion | 2022 |
| GDP Annual Growth Rate | -4.9 % | 2Q/23 |
| GDP Growth Rate | -2.84 % | 2Q/23 |
| GDP per capita | 12932 USD | 2022 |
| GDP Constant Prices | 735428 ARS Million | 2.101 B USD | 2Q/23 |
| GDP per capita PPP | 22447 USD | 2022 |
| GDP From Agriculture | 50433 ARS Million | 0.144 B USD | 2Q/23 |
| GDP From Construction | 22470 ARS Million | 0.064 B USD | 2Q/23 |
| GDP From Manufacturing | 123090 ARS Million | 0.352 B USD | 2Q/23 |
| GDP From Mining | 25574 ARS Million | 0.073 B USD | 2Q/23 |
| GDP From Public Administration | 35654 ARS Million | 0.102 B USD | 2Q/23 |
| GDP From Services | 99521 ARS Million | 0.284 B USD | 2Q/23 |
| GDP From Transport | 54922 ARS Million | 0.157 B USD | 2Q/23 |
| GDP From Utilities | 12531 ARS Million | 0.036 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 86.2 % | 2018 |
| Government Budget Value | -36964 ARS Million | -0.106 USD Billion | Aug/23 |
| Government Spending | 100451 ARS Million | 0.287 USD Billion | 2Q/23 |
| Government Revenues | 3650305 ARS Million | 10.427 USD Billion | Aug/23 |
| Fiscal Expenditure | 805790 ARS Million | 9.111 B USD | Aug/20 |
| Government Budget to GDP | -2.4 % | 2022 |
| Military Expenditure | 2578 USD Million | 2.578 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 2044 index points | Aug/23 |
| Export Prices | 198 index points | 2Q/23 |
| Food Inflation | 133 % | Aug/23 |
| Gasoline Prices | 0.69 USD/Liter | Sep/23 |
| GDP Deflator | 21646 index points | 2Q/23 |
| Import Prices | 146 index points | 2Q/23 |
| Inflation Rate YoY | 124 % | Aug/23 |
| Producer Prices | 3274 index points | Aug/23 |
| Inflation Rate Mom | 12.4 % | Aug/23 |
| Core Consumer Prices | 2117 Index Points | Aug/23 |
| Core Inflation Rate | 125 % | Aug/23 |
| CPI Housing Utilities | 1503 Index Points | Aug/23 |
| CPI Transportation | 1979 Index Points | Aug/23 |
| Inflation Expectations | 100 % | Sep/23 |
| Producer Prices Change | 127 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -0.7 % | 2022 |
| Balance of Trade | -1011 USD Million | -1.011 USD Billion | Aug/23 |
| Capital Flows | -7567 USD Million | -7.567 USD Billion | 2Q/23 |
| Current Account | -6351 USD Million | -6.351 USD Billion | 2Q/23 |
| Exports | 5854 USD Million | 5.854 USD Billion | Aug/23 |
| External Debt | 276201 USD Million | 276.201 USD Billion | 2Q/23 |
| Foreign Exchange Reserves | 21048 USD Million | 21.048 USD Billion | Aug/23 |
| Imports | 6865 USD Million | 6.865 USD Billion | Aug/23 |
| Terms of Trade | 136 Index Points | 2Q/23 |
| Tourist Arrivals | 652790 Persons | 0.653 Million Persons | Jul/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 61.74 Tonnes | 2Q/23 |
| Interbank Rate | 106 % | Sep/23 |
| Interest Rate | 118 % | Oct/23 |
| Money Supply M0 | 6828209 ARS Million | 19.504 USD Billion | Sep/23 |
| Money Supply M1 | 10660304 ARS Million | 30.45 USD Billion | Jul/23 |
| Money Supply M2 | 18158988 ARS Million | 51.87 USD Billion | Jul/23 |
| Money Supply M3 | 34545044 ARS Million | 98.675 USD Billion | Jul/23 |
| Central Bank Balance Sheet | 59791581184 USD Million | 59791580 B USD | Sep/23 |
| Deposit Interest Rate | 114 % | Oct/23 |
| Foreign Direct Investment | 224 USD Million | 0.224 B USD | Jun/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 132000 ARS/Month | 377.047 USD/Month | Oct/23 |
| Unemployment Rate | 6.2 % | 2Q/23 |
| Wages | 456813 ARS/Month | 1304.847 USD/Month | Jun/23 |
| Employed Persons | 13108 Thousand Person | 13.108 Million Person | 2Q/23 |
| Employment Rate | 44.6 % | 2Q/23 |
| Labor Force Participation Rate | 47.6 % | 2Q/23 |
| Living Wage Family | 14400 ARS/Month | 205.227 USD/Month | 2018 |
| Living Wage Individual | 10400 ARS/Month | 148.22 USD/Month | 2018 |
| Unemployed Persons | 872 Thousand Persons | 0.872 Million Persons | 2Q/23 |
| Wage Growth | 10.8 % | Jul/23 |
| Wages High Skilled | 20500 ARS/Month | 292.164 USD/Month | 2018 |
| Wages Low Skilled | 10500 ARS/Month | 149.645 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2022 |
| Personal Income Tax Rate | 35 % | 2023 |
| Sales Tax Rate | 21 % | 2023 |
| Social Security Rate | 37.4 % | 2023 |
| Social Security Rate For Companies | 20.4 % | 2023 |
| Social Security Rate For Employees | 17 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 626 BBL/D/1K | May/23 |
| Industrial Production | -3.1 % | Aug/23 |
| Steel Production | 388 Thousand Tonnes | Dec/20 |
| Car Production | 56750 Units | 56.75 Units | Sep/23 |
| Industrial Production (MoM) | 0.5 % | Aug/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 38 index points | 2022 |
| Corruption Rank | 94 place | 2022 |
| Ease of Doing Business | 126 place | 2019 |
| Competitiveness Index | 57.2 Index Points | 2019 |
| Competitiveness Rank | 83 | 2019 |
| Leading Economic Index | 0.87 % | Aug/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 43.38 index points | Sep/23 |
| Retail Sales MoM | 25.9 % | Oct/15 |
| Retail Sales YoY | 138 % | Jul/23 |
| Consumer Spending | 585127 ARS Million | 1.671 USD Billion | 2Q/23 |
| Households Debt To GDP | 4 % | 1Q/23 |
