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 518,400

millions

9.9%

 

USD 11,597

 

Economic Statistics (years 2015 - forecast 2020)

National Accounts 2015 2016 2017 2018 f.2019 f.2020
             
GDP growth (%) 2.7% -2.1% 2.7% -2.5% -1.6% 2.8%
Nominal GDP (USD millions) 644,800 557,100 642,500 518,400 459,700 489,800
GDP per Head (USD) 14,857 12,719 14,503 11,597 10,193 10,765
Inflation (%) 26.9% 41.0% 24.8% 47.6% 33.0% 19.9%
Fiscal Balance (% GDP) -4.7% -5.8% -5.9% -5.0% -3.2% -2.2%
General Govt. gross debt (% GDP) 53.0% 53.3% 56.1% 85.8% 77.3% 77.3%
   

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) 2015 2016 2017 2018 f.2019 f.2020
             
Exports of Goods 56,809 57,960 58,639 61,638 64,647 68,698
Exports growth (%) -17.0% 2.0% 1.2% 5.1% 4.9% 6.3%
Imports of Goods 57,594 53,544 64,101 62,505 55,366 60,163
Imports growth (%) -8.4% -7.0% 19.7% -2.5% -11.4% 8.7%
Foreign Trade (% GDP) 18% 20% 19% 24% 26% 26%
             
Current Account Balance -17,622 -15,105 -31,598 -28,003 -9,657 -5,513
% GDP -2.7% -2.7% -4.9% -5.4% -2.1% -1.1%
Foreign Direct Investment 11,759 3,260 11,517 12,162 11,270 11,800
% GDP 1.8% 0.6% 1.8% 2.3% 2.5% 2.4%
   

 

Disclaimer

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