General Information

One of the world's largest producer of soybeans, which represent 28% of the country's exports.  Other sources of income derive from ground transportation materials and meat.
(Source: INDEC)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 637,717

millions

11.6%

 

USD 14,467

 

Economic Statistics (years 2013 - forecast 2018)

National Accounts 2014 2015 2016 2017 f.2018 f.2019
             
GDP growth (%) -2.5% 2.7% -1.8% 2.9% 0.4% 1.5%
Nominal GDP (USD millions) 563,614 642,464 554,107 637,717 568,700 584,500
GDP per Head (USD) 13,209 14,895 12,709 14,467 12,723 12,960
Inflation (%) 38.0% 26.9% 41.0% 24.8% 27.0% 14.8%
Fiscal Balance (% GDP) -2.7% -4.7% -5.8% -6.0% -5.1% -4.0%
General Govt. gross debt (% GDP) 41.2% 53.0% 53.5% 57.9% 60.5% 60.1%

   

Trade Statistics

 

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
Brazil 16.5%   Brazil   27.1%
US 7.9%   China   19.1%
China 7.4%   US   11.4%
Chile 4.3%   Germany   4.9%
           
By products     By products  
Agricultural manufacturing 38.5%   Capital goods and parts 22.3%
Industrial manufacturing 32.0%   Intermediate goods 26.7%
Primary products 25.4%   Fuels   8.5%
Fuel and energy 4.1%   Consumer goods 13.4%

 

   
Balance of Payments (USD millions) 2014 2015 2016 2017 f.2018 f.2019
             
Exports of Goods 68,441 56,809 57,930 58,448 62,319 69,899
Exports growth (%) -9.9% -17.0% 2.0% 0.9% 6.6% 12.2%
Imports of Goods 62,899 57,594 53,505 63,972 -66,666 -70,538
Imports growth (%) -11.8% -8.4% -7.1% 19.6% 4.2% 5.8%
Foreign Trade (% GDP) 23% 18% 20% 19% 23% 24%
             
Current Account Balance -9,179 -17,622 -14,693 -30,795 -27,957 -25,138
% GDP -1.6% -2.7% -2.7% -4.8% -4.9% -4.3%
Foreign Direct Investment 5,065 11,759 3,260 10,764 13,200 14,000
% GDP 0.9% 1.8% 0.6% 1.7% 2.3% 2.4%
   

 

Disclaimer

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