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 | 487 USD Billion | 2021 |
| GDP Annual Growth Rate | 1.9 % | 4Q/22 |
| GDP Growth Rate | -1.5 % | 4Q/22 |
| GDP per capita | 12402 USD | 2021 |
| Inflation Rate YoY | 109 % | Apr/23 |
| Interest Rate | 97 % | May/23 |
| Unemployment Rate | 6.3 % | 4Q/22 |
| Wages | 317903 ARS/Month | 1305.445 USD/Month | Dec/22 |
| Balance of Trade | -126 USD Million | -0.126 B USD | Apr/23 |
| Current Account | 1732 USD Million | 1.732 B USD | 4Q/22 |
| Foreign Exchange Reserves | 28621 USD Million | 28.621 B USD | Apr/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 487 USD Billion | 2021 |
| GDP Annual Growth Rate | 1.9 % | 4Q/22 |
| GDP Growth Rate | -1.5 % | 4Q/22 |
| GDP per capita | 12402 USD | 2021 |
| GDP Constant Prices | 712062 ARS Million | 2.924 B USD | 4Q/22 |
| GDP per capita PPP | 21527 USD | 2021 |
| GDP From Agriculture | 33103 ARS Million | 0.136 B USD | 4Q/22 |
| GDP From Construction | 21644 ARS Million | 0.089 B USD | 4Q/22 |
| GDP From Manufacturing | 124578 ARS Million | 0.512 B USD | 4Q/22 |
| GDP From Mining | 25224 ARS Million | 0.104 B USD | 4Q/22 |
| GDP From Public Administration | 35196 ARS Million | 0.145 B USD | 4Q/22 |
| GDP From Services | 96557 ARS Million | 0.397 B USD | 4Q/22 |
| GDP From Transport | 53471 ARS Million | 0.22 B USD | 4Q/22 |
| GDP From Utilities | 12869 ARS Million | 0.053 B USD | 4Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 86.2 % | 2018 |
| Government Budget Value | -331373 ARS Million | -1.361 USD Billion | Apr/23 |
| Government Spending | 101935 ARS Million | 0.419 USD Billion | 4Q/22 |
| Government Revenues | 2523358 ARS Million | 10.362 USD Billion | Apr/23 |
| Fiscal Expenditure | 805790 ARS Million | 9.111 B USD | Aug/20 |
| Government Budget to GDP | -4.5 % | 2021 |
| Military Expenditure | 2578 USD Million | 2.578 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 1497 index points | Apr/23 |
| Export Prices | 203 index points | 1Q/23 |
| Food Inflation | 115 % | Apr/23 |
| Gasoline Prices | 0.78 USD/Liter | May/23 |
| GDP Deflator | 14514 index points | 4Q/22 |
| Import Prices | 140 index points | 1Q/23 |
| Inflation Rate YoY | 109 % | Apr/23 |
| Producer Prices | 2293 index points | Apr/23 |
| Inflation Rate Mom | 8.4 % | Apr/23 |
| Core Consumer Prices | 1521 Index Points | Apr/23 |
| Core Inflation Rate | 105 % | Apr/23 |
| CPI Housing Utilities | 1096 Index Points | Apr/23 |
| CPI Transportation | 1478 Index Points | Apr/23 |
| Inflation Expectations | 100 % | Apr/23 |
| Producer Prices Change | 98.6 % | Apr/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -0.7 % | 2022 |
| Balance of Trade | -126 USD Million | -0.126 USD Billion | Apr/23 |
| Capital Flows | 2734 USD Million | 2.734 USD Billion | 4Q/22 |
| Current Account | 1732 USD Million | 1.732 USD Billion | 4Q/22 |
| Exports | 5891 USD Million | 5.891 USD Billion | Apr/23 |
| External Debt | 276694 USD Million | 276.694 USD Billion | 4Q/22 |
| Foreign Exchange Reserves | 28621 USD Million | 28.621 USD Billion | Apr/23 |
| Imports | 6.02 USD Million | 0.006 USD Billion | Apr/23 |
| Terms of Trade | 145 Index Points | 1Q/23 |
| Tourist Arrivals | 619742 Persons | 0.62 Million Persons | Apr/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 61.74 Tonnes | 1Q/23 |
| Interbank Rate | 82.75 % | May/23 |
| Interest Rate | 97 % | May/23 |
| Money Supply M0 | 5366598 ARS Million | 22.038 USD Billion | Apr/23 |
| Money Supply M1 | 8149684 ARS Million | 33.466 USD Billion | Mar/23 |
| Money Supply M2 | 13436942 ARS Million | 55.178 USD Billion | Mar/23 |
| Money Supply M3 | 25651936 ARS Million | 105.338 USD Billion | Mar/23 |
| Central Bank Balance Sheet | 39124418560 USD Million | 39124416 B USD | May/23 |
| Deposit Interest Rate | 92.92 % | Jun/23 |
| Foreign Direct Investment | 59.06 USD Million | 0.059 B USD | Apr/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 87987 ARS/Month | 361.312 USD/Month | Jun/23 |
| Unemployment Rate | 6.3 % | 4Q/22 |
| Wages | 317903 ARS/Month | 1305.445 USD/Month | Dec/22 |
| Employed Persons | 13061 Thousand Person | 13.061 Million Person | 4Q/22 |
| Employment Rate | 44.6 % | 4Q/22 |
| Labor Force Participation Rate | 47.6 % | 4Q/22 |
| Living Wage Family | 14400 ARS/Month | 205.227 USD/Month | 2018 |
| Living Wage Individual | 10400 ARS/Month | 148.22 USD/Month | 2018 |
| Unemployed Persons | 875 Thousand Persons | 0.875 Million Persons | 4Q/22 |
| Wage Growth | 7.88 % | Mar/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 % | 2022 |
| Social Security Rate For Companies | 20.4 % | 2022 |
| Social Security Rate For Employees | 17 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 627 BBL/D/1K | Feb/23 |
| Industrial Production | 1.7 % | Apr/23 |
| Steel Production | 388 Thousand Tonnes | Dec/20 |
| Car Production | 54399 Units | 54.399 Units | Apr/23 |
| Industrial Production (MoM) | 1.2 % | Apr/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 | -0.28 % | Apr/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 38.3 index points | May/23 |
| Retail Sales MoM | 25.9 % | Oct/15 |
| Retail Sales YoY | 126 % | Mar/23 |
| Consumer Spending | 466175 ARS Million | 1.914 USD Billion | 4Q/22 |
| Households Debt To GDP | 4.1 % | 3Q/22 |
