General Information

One of the world’s largest soy producers, representing 27% of the country’s exports. Other sources of foreign exchange include the cereals sector, automotive complex, petroleum and petrochemical complex, and the beef sector.
(Source: INDEC)

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

USD 449,300

millions

8,6%

 

USD 10,029

 

Economic Statistics (years 2016 - forecast 2021)

National Accounts 2016 2017 2018 2019 f.2020 f.2021
             
GDP growth (%) -2.1% 2.7%% -2.5% -2.2% -9.0% 5.8%
Nominal GDP (USD millions) 557,200 642,500 519,700 449,300 393,500 445,400
GDP per Head (USD) 12,809 14,636 11,705 10,029 8,706 9,768
Inflation (%) 41.0% 24.8% 47.6% 53.8% 39.3% 32.2%
Fiscal Balance (% GDP) -5.8% -5.9% -5.0% -3.8% -6.1% -3.7%
General Govt. gross debt (% GDP) 53.3% 56.1% 85.6% 89.3% 93.0% 83.3%
   

Trade Statistics

 

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
Brazil 18.3%   Brazil   24.5%
US 7.0%   China   18.4%
China 6.8%   US   11.7%
Chile 4.9%   Germany   5.1%
           
By products     By products  
Agricultural manufacturing 37.2%   Capital goods and parts 18.7%
Industrial manufacturing 33.3%   Intermediate goods 31.2%
Primary products 22.7%   Fuels   13.5%
Fuel and energy 6.8%   Consumer goods 10.2%

 

   
Balance of Payments (USD millions) 2016 2017 2018 2019 f.2020 f.2021
             
Exports of Goods 57,960 58,662 61,799 65,155 48,338 54,264
Exports growth (%) 2.0% 1.2% 5.3% 5.4% -25.8% 12.3%
Imports of Goods 53,544 64,109 46,928 62,505 35,019 49,026
Imports growth (%) -7.0% 19.7% -2.4% -25.0% -25.4% 40.0%
Foreign Trade (% GDP) 20% 19% 24% 25% 21% 23%
             
Current Account Balance -15,105 -31,163 -27,276 -3,462 -1,269 -9,902
% GDP -2.7% -4.8% -5.2% -0.8% -0.3% -2.2%
Foreign Direct Investment 3,260 11,517 11,873 5,828 3,562 6,388
% GDP 0.6% 1.8% 2.3% 1.3% 0.9% 1.4%
   

 

Disclaimer

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