Economy of Argentina
Population: 44.49 M (2018)
GDP per Capita: 11,684 USD (2018)
519,870 M.

GDP USD

(2018)

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74,240 M.

EXPORTS USD

(2018)

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85,360 M.

IMPORTS USD

(2018)

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89.40 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.67 % (2017)
GDP of 2010 USD USD 446.90 B. (2018)
GDP Current USD USD 519.87 B. (2018)
GDP per Capita Current USD USD 11,684 (2018)
GDP per capita, PPP USD 18,288 (2018)
GDP per Capita, 2010 USD USD 10,044 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 16.08 % (2018)
Government Spending USD 83.59 B. (2018)
Government Debt % GDP 89.40 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 157.76 (2018)
Trade Openness 30.70 % (2018)
Exports of Goods and Services % GDP 14.28 % (2018)
Exports Goods & Services USD 74.24 B. (2018)
Exports Annual Growth 1.72 % (2017)
Imports as % GDP 16.42 % (2018)
Total Imports USD 85.36 B. (2018)
Foreign Direct Investment % GDP 2.28 % (2018)
Foreign Direct Investment USD 11.87 B. (2018)
Current Account Balance % GDP USD -5.29 % (2018)
Current Account Balance USD -27.48 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -10.15 B. (2018)
Foreign Exchange Reserves incl Gold USD 66.22 B. (2018)
Remittances % GDP 0.10 % (2018)
Remittances USD 417 M. (2018)
Balance of Payments USD 186 M. (2017)

Labor Market

Indicator Value
Labor Force 20.43 M. (2019)
Unemployment Rate 9.98 % (2019)
Unemployment Rate Females 10.92 % (2019)
Unemployment Rate Males 8.94 % (2019)
Youth Unemployment (ages 15-24) 26.48 % (2019)
Labor Force Participation Rate 60.35 % (2019)
Labor Force (Percent Female) 42.96 % (2019)
Female Labor Force Participation Rate 48.81 % (2019)
Male Labor Force Participation Rate 72.69 % (2019)
Dependent People 55.95 % (2018)

Agriculture Sector

Indicator Value
Forest Area 9.80 % (2016)
Forest Area km² 268,152 km² (2016)
Agricultural Land 54.34 % (2016)
Agricultural Land km² 1,487,000 km² (2016)
Employment 0.06 % (2019)
Value added % GDP 6.10 % (2018)
Agriculture Value added USD 31.70 B. (2018)
Crop Production Index 145.50 (2016)
Precipitation 591 mm (2014)
Arable Land 14 % (2016)
Cereal Yield 5,405 kg/hectare (2017)
Food production index 129 (2016)
Rural Population 8 % (2018)
Fertilizer use of Arable Land 50 kg/hectare (2016)
Livestock Production Index 107 (2016)
Economy of Argentina

According to the World Bank and its latest published data, the economy of the Argentina presents a growth rate of 2.67 % (2017) to the previous year.

With a population that reaches 44.49 M (2018) and a gross domestic product of USD 519.87 B. (2018), it translates a Gross Domestic Product per Capita of USD 11,684 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Argentina also has a workforce of 20.43 M. (2019) with an unemployment rate of 9.98 % (2019), where women represent 10.92 % (2019) and men 8.94 % (2019), the unemployment rate for young people between 15-24 years old stood at 26.48 % (2019). The total number of dependent people stands at 55.95 % (2018).

The central government spent 16.08 % (2018) of its gross domestic product that year, which in absolute terms is USD 83.59 B. (2018). Its consolidated public debt reached 89.40 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Argentina exported USD 74.24 B. (2018), which represents 14.28 % (2018) of its gross domestic product, in that same sense its imports reached USD 85.36 B. (2018) with a direct foreign investment of USD 11.87 B. (2018).

Argentina has a forest area of 268,152 km² (2016), which represents 9.80 % (2016) of its total area, an average rainfall of 591 mm (2014) per year and a population of 8 % (2018) living in rural areas. With a total area of 1,487,000 km² (2016) available for agriculture and 0.06 % (2019) of its employments, the agricultural sector contributes to the economy of the Argentina about USD 31.70 B. (2018) (6.10 % (2018) of its GDP).