Markets Actual Q1 Q2 Q3 Q4 2020
Currency 61.66 61.45 62.64 63.86 65.11 67.6
Stock Market (points) 38156.95 37891 35798 33825 31956 28218
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.90 -0.5 -0.1 0.7 0.8 1
GDP Annual Growth Rate (%) -1.70 -2.4 -2 -1.8 -1.5 1.7
Unemployment Rate (%) 9.70 10.3 10.1 9.7 9.5 9.5
Inflation Rate (%) 51.50 50 47 44 42 30
Inflation Rate Mom (%) 2.30 3 3 2.8 2.5 2.3
Interest Rate (%) 50.00 50 48 46 45 35
Balance of Trade (USD Million) 2241.00 -500 -200 -300 200 200
Current Account (USD Million) -1052.06 -5100 -5800 -6100 -6800 -8000
Current Account to GDP (%) -5.40 -2.6 -2.6 -2.6 -2.6 -2.5
Government Debt to GDP (%) 86.20 85 85 85 85 65
Government Budget (% of GDP) -5.50 -2.8 -2.8 -2.8 -2.8 -3.1
Consumer Confidence (points) 43.00 42 40 38 38 35
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.90 -0.5 -0.1 0.7 0.8 1
GDP Annual Growth Rate (%) -1.70 -2.4 -2 -1.8 -1.5 1.7
GDP (USD Billion) 518.50 420 420 420 420 480
GDP Constant Prices (ARS Million) 682705.00 658290 739504 676561 672464 683896
Gross Fixed Capital Formation (ARS Million) 125880.00 111624 122112 124747 123992 126100
GDP per capita (USD) 10040.13 10200 10200 10200 10200 10400
GDP per capita PPP (USD) 18282.09 19100 19100 19100 19100 19200
GDP From Agriculture (ARS Million) 35471.08 33500 33500 33500 35000 35000
GDP From Construction (ARS Million) 21784.75 21875 21247 21589 21458 21823
GDP From Manufacturing (ARS Million) 111924.87 97904 109768 110918 110246 112120
GDP From Mining (ARS Million) 21993.67 20634 21567 21796 21664 22032
GDP From Public Administration (ARS Million) 33190.68 32793 33008 32892 32693 33249
GDP From Services (ARS Million) 82128.62 80242 83197 81389 80897 82272
GDP From Transport (ARS Million) 57038.16 55104 58667 56525 56183 57138
GDP From Utilities (ARS Million) 12397.81 12061 11713 12286 12212 12419
Economic Activity Index (%) -1.90 -2.9 -2.1 -2.5 -2.7 -1.5
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 9.70 10.3 10.1 9.7 9.5 9.5
Employed Persons (Thousand ) 11934.00 11800 12000 12200 120200 12400
Unemployed Persons (Thousand ) 1287.00 1280 1270 1260 1250 1250
Employment Rate (%) 42.60 43.5 43.7 43.9 44 44
Labor Force Participation Rate (%) 47.20 46.5 46.4 46.6 46.7 46.7
Wages (ARS/Month) 51162.00 42075 62281 47194 47333 48280
Minimum Wages (ARS/Month) 16875.00 16875 16875 16875 16875 17500
Population (Million) 44.50 44.97 44.97 44.8 45.4 45.85
Wages High Skilled (ARS/Month) 20500.00 20869 20828 20849 20910 21328
Wages Low Skilled (ARS/Month) 10500.00 10689 10668 10679 10710 10924
Wage Growth (%) 2.77 1.8 1.6 1.7 2 2
Living Wage Family (ARS/Month) 14400.00 14659 14630 14645 14688 14982
Living Wage Individual (ARS/Month) 10400.00 10587 10566 10577 10608 10820
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 51.50 50 47 44 42 30
Inflation Rate Mom (%) 2.30 3 3 2.8 2.5 2.3
Consumer Price Index CPI (points) 289.83 309 332 365 402 523
Producer Prices (points) 423.70 449 486 545 551 678
Inflation Expectations (Percent) 40.00 33 33 33 33 30
Core Inflation Rate (%) 55.80 49 44 40 36 28
CPI Housing Utilities (points) 318.03 384 413 431 449 583
Cpi Transportation (points) 305.64 329 354 382 428 556
Food Inflation (%) 58.80 50 40 35 30 20
Producer Prices Change (%) 58.00 50 45 40 30 23
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 50.00 50 48 46 45 35
Interbank Rate (%) 39.48 48.09 46.09 44.09 43.09 35.09
Deposit Interest Rate (%) 32.44 25 25 25 25 25
Central Bank Balance Sheet (USD Million) 5813927.18 6344796 6774630 7300000 7300000 8778056
Foreign Exchange Reserves (USD Million) 39221.00 54000 53000 51000 56000 58000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 2241.00 -500 -200 -300 200 200
Current Account (USD Million) -1052.06 -5100 -5800 -6100 -6800 -8000
Current Account to GDP (%) -5.40 -2.6 -2.6 -2.6 -2.6 -2.5
Imports (USD Million) 3133.00 5500 5300 5300 5400 5400
Exports (USD Million) 5374.00 5000 5100 5000 5600 5800
External Debt (USD Million) 276686.06 283000 283000 279000 286000 286000
Capital Flows (USD Million) -1107.03 -2300 -2800 -4100 -5000 -6500
Foreign Direct Investment (USD Millions) 83.33 80 140 130 120 160
Tourist Arrivals 304400.00 260000 210000 240000 310000 315000
Gold Reserves (Tonnes) 61.74 60.58 60.58 60.58 60.58 60.58
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 86.20 85 85 85 85 65
Government Budget (% of GDP) -5.50 -2.8 -2.8 -2.8 -2.8 -3.1
Government Budget Value (ARS Million) -120147.40 -10000 -35000 -22000 -120000 -125000
Government Spending (ARS Million) 94453.00 89457 93461 93603 93036 94618
Government Revenues (ARS Million) 627465.40 500000 450000 498000 380000 395000
Fiscal Expenditure (ARS Million) 852868.20 510000 485000 520000 500000 520000
Tax Revenue (ARS Million) 527284.46 483000 486000 489000 492000 520000
Military Expenditure (USD Million) 5337.00 5350 5350 5350 5350 5450
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 43.70 43.7 43.7 43.7 43.7 43.7
Social Security Rate For Companies (%) 26.70 26.7 26.7 26.7 26.7 26.7
Social Security Rate For Employees (%) 17.00 17 17 17 17 17
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) 1.20 0.5 1.3 1.7 1.8 2
Industrial Production Mom (%) 1.10 0.5 0.7 0.8 1.2 1.4
Capacity Utilization (%) 56.90 60 61 63 64 64
Changes in Inventories (ARS Million) 10787.00 -10283 21600 21600 21600 28954
Car Production (Units) 20683.00 41500 40000 38600 40900 42000
Car Registrations (Thousand) 25.73 35 40 45 55 64
Leading Economic Index (%) -2.80 -1.5 -0.8 0.2 -0.5 0.3
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 43.00 42 40 38 38 35
Retail Sales YoY (%) 58.80 10 18 21 15 17
Consumer Spending (ARS Million) 476613.00 498592 525766 472323 469464 477445
Gasoline Prices (USD/Liter) 0.89 0.79 0.81 0.83 0.86 0.86
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (SQ. METRE THO) 905.46 730 780 750 730 680
Construction Output (%) -6.40 -1.8 0.3 0.6 0.8 1.5


This page has economic forecasts for Argentina including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Argentina economy.