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Economy of Argentina. Statistics, Data and Indicators

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Argentina
15B+ Credit rank #104
131.85 Quality of life #41
94 Corruption rank#76
126 Ease of doing business#108
Argentina


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



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