Argentina
| Total Population | 40,900,000 (est.) |
| Total Area | 2,736,690 km2 |
| Local Currency | Argentine Peso (ARS) |
| Literacy | 97.1% |
| Economically active population | 18,527,700 |
| as % of total population | 45.3% |
| Unemployment rate | 7.7% (urban areas - CEPAL statistic 2010) |
| Gross Domestic Product (GDP) | 448,200 US$ millions |
| as % of Regional GDP | 8.0% (Latin America GDP 2011 = US$ 5,567,705 millions) |
| GDP per Head | 10,958 US$ |
| Ranking América Latina | 5 |
Important dates
- January 1st - New Year's Day
- Holy Thursday and Holy Friday - Changes every year
- April 4 - Malvinas Islands Memorial
- May 1st - Labour Day
- May 25 - National Holiday
- June 20 - National Flag Day
- July 9 - Independence Day
- December 25- Christmas
Economic Statistics
| (years 2008 - proj. 2012) |
| Argentina has a Gross Domestic Product of US$448,200MM. This is distributed by sectors in the following way: agriculture with 10.7%, having as sunflower seeds, lemons, soybeans, grapes; industry with 31.1%, having as main products food processing, motor vehicles, consumer durables, textiles; and the services sector with 58.2%. |
National Accounts
| National Accounts | 2008 | 2009 | 2010 | est. 2011 | proj.2012 |
|---|---|---|---|---|---|
|
▲% GDP
|
6.8% | 0.9% | 9.2% | 8.9% | 3.8% |
|
Nominal GDP (US$ millions)
|
328,500 | 308,700 | 370,300 | 448,200 | 473,600 |
|
GDP per Head (US$)
|
8,275 | 7,698 | 9,143 | 10,958 | 11,467 |
|
GDP by Sector
|
100.0% | ||||
|
Agriculture
|
10.7% | ||||
|
Industry
|
31.1% | ||||
|
Services
|
58.2% | ||||
|
Inflation rate
|
7.2% | 7.7% | 10.9% | 9.5% | 10.1% |
|
Budget Balance
|
1.4% | -0.6% | 0.2% | -1.7% | -0.6% |
GDP Growth |
Trade Statistics
| Regarding foreign trade, Brazil represents its main commercial partner buying 21.2% of Argentine exports, whereas the main export products are constituted by manufactured products. |
| Foreign Trade (2010) | ||||||
|---|---|---|---|---|---|---|
| Exports | Imports | |||||
| By countries | By countries | |||||
| Brazil | 21.2% | Brazil | 37.3% | |||
| China | 8.5% | China | 15.9% | |||
| Chile | 6.6% | US | 12.7% | |||
| US | 5.4% | Germany | 6.7% | |||
| By products | By products | |||||
| Manufactures | 34.9% | Intermediate goods | 29.5% | |||
| Proces. Agricultural prod. | 33.5% | Capital good | 19.6% | |||
| Primary products | 24.3% | Fuels | 12.7% | |||
| Fuel & Energy | 7.3% | Consumer goods | 10.9% | |||
| Balance of Payments (US$ mill.) | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
Exchange rate: ARS / US$
(end of period) |
3.43 | 3.78 | 3.96 | 4.28 | 4.74 |
|
|
|||||
|
Exports of goods
|
70,019 | 55,672 | 68,134 | 84,269 | 86,635 |
|
Imports of goods
|
54,596 | 37,147 | 53,868 | 70,728 | 72,023 |
|
Trade & Services Balance
|
14,140 | 17,240 | 13,152 | 11,223 | 12,143 |
| % GDP | 4.3% | 5.6% | 3.6% | 2.5% | 2.6% |
|
Income Balance
|
-7,552 | -8,955 | -9,939 | -10,740 | -11,422 |
|
% GDP
|
-2.3% | -2.9% | -2.7% | -2.4% | -2.4% |
|
Current Transfers Balance
|
170 | 2,710 | -396 | -465 | -459 |
|
% GDP
|
0.1% | 0.9% | -0.1% | -0.1% | -0.1% |
|
Current Account Balance
|
6,758 | 10,995 | 2,817 | 18 | 262 |
|
% GDP
|
2.1% | 3.6% | 0.8% | 0.0% | 0.1% |
|
Net Direct Investments flows
|
8,334 | 3,306 | 6,091 | 5,020 | 5,800 |
|
% GDP
|
2.5% | 1.1% | 1.6% | 1.1% | 1.2% |
|
Net portfolio Investments flows
|
-7,088 | -2,059 | 12,097 | -519 | -1,488 |
|
% GDP
|
-2.2% | -0.7% | 3.3% | -0.1% | -0.3% |
Current Account Balance (% GDP) |
Foreign Debt Stock (% GDP) |
| 2008 | 2009 | 2010 | est. 2011 | proj. 2012 | ||||
|---|---|---|---|---|---|---|---|---|
|
Foreign Debt Stock
|
118,902 | 120,283 |
|
136,829 | 134,610 | |||
|
% GDP
|
36.2% | 39.0% | 34.5% | 30.5% | 28.4% | |||
|
Foreign Debt Service
|
10,585 | 14,055 | 14,040 | 9,533 | 10,876 | |||
|
Principal repayments
|
6,944 | 9,955 | 10,444 | 5,407 | 6,557 | |||
|
Interest payments
|
3,641 | 4,100 | 3,596 | 4,126 | 4,319 |
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