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Argentina

Headline economic indicators for Argentina, with the most recent official readings.

Prices

Prices — Argentina
Indicator Value Change
Inflation rate · 219.9% +86.39 (+64.7%)
Inflation rate (monthly) · 33.5% -0.30 (-0.9%)
Consumer price index (monthly) · 12,276.8 +200.37 (+1.7%)
GDP deflator inflation · 39.1% -168.52 (-81.2%)

GDP

GDP — Argentina
Indicator Value Change
GDP growth rate · 4.4% +5.71 (+425.2%)
GDP per capita · 14,898.09 +928.30 (+6.6%)
GDP per capita, long-run history · 18,292 +821.64 (+4.7%)
GDP · 683,097,891,618.6 +44,732,436,279 (+7.0%)
GDP, PPP · 1,494,141,945,296 +101,533,785,574 (+7.3%)
GDP per capita, PPP · 32,587 +2,111 (+6.9%)
GDP per capita growth · 4.0% +5.70 (+338.4%)
GNI per capita · 14,650 +1,120 (+8.3%)
Agriculture to GDP · 5.5% -0.27 (-4.7%)
Industry to GDP · 22.9% -1.12 (-4.7%)
Manufacturing to GDP · 13.6% -1.60 (-10.5%)
Services to GDP · 56.2% +2.50 (+4.7%)
Household consumption to GDP · 70.0% +3.30 (+4.9%)
Gross capital formation to GDP · 16.1% +0.28 (+1.7%)
Gross savings to GDP · 13.4% -3.26 (-19.5%)

Labour

Labour — Argentina
Indicator Value Change
Unemployment rate · 7.1% -0.01 (-0.1%)
Unemployment rate (quarterly) · 7.9% +0.10 (+1.3%)
Labour force participation rate · 61.9% +0.05 (+0.1%)
Female labour force participation rate · 52.5% +0.19 (+0.4%)
Youth unemployment rate · 19.2% -0.04 (-0.2%)
Employment to population ratio · 57.5% +0.05 (+0.1%)
Employment in agriculture · 7.0% -0.25 (-3.4%)
Employment in industry · 21.2% +0.07 (+0.3%)
Employment in services · 71.8% +0.18 (+0.2%)

Money

Money — Argentina
Indicator Value Change
Real interest rate · 5.0% +52.41 (+110.5%)
Central bank policy rate · 29.0% -3.00 (-9.4%)
Real effective exchange rate (monthly) · 144.3 +1.00 (+0.7%)
Nominal effective exchange rate (monthly) · 4.7 -0.04 (-0.8%)
Private sector credit to GDP (quarterly) · 26.6% -1.95 (-6.8%)
Credit-to-GDP gap (quarterly) · 2.69 pp -2.08 (-43.6%)
Broad money to GDP · 26.3% -0.06 (-0.2%)
Private sector credit to GDP · 17.6% +2.48 (+16.4%)
Lending rate · 46.0% -15.69 (-25.4%)
Bank deposit rate · 34.9% -19.38 (-35.7%)
Stock market capitalization to GDP · 8.4% -0.23 (-2.7%)
Bank nonperforming loans · 5.3% +3.73 (+238.4%)
Official exchange rate · 1,240.85 +326.16 (+35.7%)

Trade

Trade — Argentina
Indicator Value Change
Current account to GDP · -1.1% -2.06 (-223.5%)
Exports to GDP · 15.6% +0.31 (+2.0%)
Imports to GDP · 14.8% +2.13 (+16.8%)
Trade to GDP · 30.4% +2.43 (+8.7%)
Exports of goods and services · 106,260,393,150.75 +8,911,266,108 (+9.2%)
Imports of goods and services · 101,159,779,350.51 +20,214,961,372 (+25.0%)
Trade balance, goods and services (annual) · 3,758,097,453.75 -13,707,596,474 (-78.5%)
Current account balance (annual) · -7,788,125,558.95 -13,679,530,341 (-232.2%)
Foreign direct investment to GDP · 0.6% -1.30 (-67.0%)
Remittances received to GDP · 0.1% -0.03 (-18.3%)
Total reserves, including gold · 40,998,763,986.63 +11,439,153,636 (+38.7%)
Reserves in months of imports · 4.0 +0.47 (+13.1%)
External debt to GNI · 39.1% -0.89 (-2.2%)

Government

Government — Argentina
Indicator Value Change
Government revenue to GDP · 16.9% -0.91 (-5.1%)
Government expense to GDP · 21.0% -0.86 (-3.9%)
Tax revenue to GDP · 10.4% +0.50 (+5.0%)
Government budget balance to GDP · 0.1% +3.67 (+102.1%)
Government consumption to GDP · 14.9% +0.01 (+0.1%)
Education spending to GDP · 5.0% +0.21 (+4.4%)
Health spending to GDP · 10.3% +0.11 (+1.1%)

Demography

Demography — Argentina
Indicator Value Change
Population · 45,851,378 +155,219 (+0.3%)
Population, long-run history · 46,736 +239.83 (+0.5%)
Population growth · 0.3% -0.01 (-1.9%)
Life expectancy · 77.5 +0.15 (+0.2%)
Fertility rate · 1.50 +0.00 (+0.3%)
Birth rate · 11.1 +0.02 (+0.2%)
Death rate · 7.7 +0.06 (+0.8%)
Urban population share · 92.4% +0.08 (+0.1%)
Population aged 65 and over · 12.6% +0.22 (+1.8%)
Under-five mortality rate · 9.5 -0.20 (-2.1%)
Population density · 16.7 +0.06 (+0.3%)
Net migration · 2,859 -595.00 (-17.2%)
Gini index · 42.4 +0.00 (+0.0%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Instituto Nacional de Estadística y Censos (INDEC), through the open data portal of Argentina's Ministry of Economy, licensed under Creative Commons Attribution 4.0. Rates of change are derived by ChartBasis.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Argentina

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