Argentina: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Argentina is South America's third-largest economy. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): Brazil, China, and United States |
| Top Industries Source: CIA World Factbook | Food Processing; Motor Vehicles; Consumer Durables; Textiles |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $1,225,435,238,852 (2022) |
| GDP Growth Rate (annual %) | 5.243% (2022) |
| GDP Per Capita, PPP (current international) | $26,505 (2022) |
GDP Country Rank 28/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 53.548% (2019) |
| External debt stocks, total (DOD, current US$) | $246,306,711,414 (2021) |
| Total tax rate (% of commercial profits) | 106.3% (2019) |
| Real Interest Rate (5 year average %) | -10.186% (2022) |
| Manufacturing, value added (% of GDP) | 15.388% (2022) |
| Current Account Balance (BoP, current US$) | ($3,787,737,339) (2022) |
Labor and Employment [1]
| Labor Force, Total | 21,424,676 (2022) |
| Employment in Agriculture (% of total employment) | 7.653% (2021) |
| Employment in Industry (% of total employment) | 19.95% (2021) |
| Employment in Services (% of total employment) | 72.397% (2021) |
| Unemployment Rate | 6.491% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $96,803,039,173 (2022) |
| Exports of goods and services (current US$) | $106,166,431,312 (2022) |
| Total Merchandise Trade (% of GDP) | 26.861% (2022) |
| FDI, net inflows (BoP, current US$) | $15,408,346,794 (2022) |
| Commercial Service Exports (current US$) | $14,237,044,036 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Argentina’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.