Economic Trivia

Argentina is South America's third-largest economy.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): Brazil, China, and United States
Top 3 Exported Goods (2019): Animal Feeds, Cereals, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Food Processing; Motor Vehicles; Consumer Durables; Textiles

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $1,036,721,129,772 (2018)
GDP Growth Rate (annual %) -2.482% (2018)
GDP Per Capita, PPP (current international) $23,300 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 23/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 53.548% (2019)
External debt stocks, total (DOD, current US$) $280,515,652,319 (2018)
Total tax rate (% of commercial profits) 106.3% (2019)
Real Interest Rate (5 year average %) 5.553% (2018)
Manufacturing, value added (% of GDP) 12.691% (2018)
Current Account Balance (BoP, current US$) ($3,997,018,055) (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 20,755,018 (2019)
Employment in Agriculture (% of total employment) 0.092% (2019)
Employment in Industry (% of total employment) 21.411% (2019)
Employment in Services (% of total employment) 78.497% (2019)
Unemployment Rate 9.789% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $85,362,531,386 (2018)
Exports of goods and services (current US$) $74,240,343,947 (2018)
Total Merchandise Trade (% of GDP) 24.48% (2018)
FDI, net inflows (BoP, current US$) $6,244,423,192 (2019)
Commercial Service Exports (current US$) $14,791,542,423 (2018)
Click on a row to display its 5-year graph on the right.

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.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank