Markets Actual Q3 Q4 Q1 Q2 2023
Currency 147.06 146 147 147 148 149
Stock Market (points) 138198.08 135113 127724 120734 114131 101987

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.04 0.8 1 0.6 0.5 0.5
GDP Annual Growth Rate (%) 6.90 3.7 4 3.3 2.9 2
Unemployment Rate (%) 6.90 7.8 8.1 8.5 8.3 8
Inflation Rate (%) 78.50 86.7 75.3 72.4 69 40
Inflation Rate MoM (%) 7.00 5.5 4 3.5 3 2
Interest Rate (%) 75.00 75 78 78 78 78
Balance of Trade (USD Million) -300.00 327 285 243 200 1114
Current Account (USD Million) -894.00 -930 -1370 -1450 -1130 -950
Current Account to GDP (% of GDP) 1.00 0.5 0.5 0.5 0.5 0.5
Government Debt to GDP (% of GDP) 80.50 75 75 74 74 74
Government Budget (% of GDP) -4.50 -3.5 -3.5 -3 -3 -3
Consumer Confidence (points) 37.19 38 40 40 41 42
Corporate Tax Rate (%) 25.00 25 35 25 25 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 1.04 0.8 1 0.6 0.5 0.5
GDP Annual Growth Rate (%) 6.90 3.7 4 3.3 2.9 2
GDP (USD Billion) 491.49 430 430 430 430 450
GDP Constant Prices (ARS Million) 768729.00 712776 725577 714477 791022 740088
Gross Fixed Capital Formation (ARS Million) 160865.00 146254 154056 151566 165530 157137
GDP per Capita (USD) 12390.81 12600 12600 12600 12600 12800
GDP per Capita PPP (USD) 21506.92 21943 21943 20964 20964 20964
Full Year GDP Growth (%) 10.30 3.5 3.5 0.6 0.6 0.6
GDP from Agriculture (ARS Million) 84508.54 36165 38395 41106 86959 39163
GDP from Construction (ARS Million) 20926.46 21883 21969 23209 21533 22408
GDP from Manufacturing (ARS Million) 125030.84 124840 128113 112589 128657 130675
GDP from Mining (ARS Million) 23988.05 22502 23606 23404 24684 24078
GDP from Public Administration (ARS Million) 35036.77 33919 36047 36067 36053 36768
GDP from Services (ARS Million) 99050.87 95020 97743 93166 101923 99698
GDP from Transport (ARS Million) 58863.53 52153 53719 55019 60571 54794
GDP from Utilities (ARS Million) 13357.03 13884 12769 13369 13744 13024

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 6.90 7.8 8.1 8.5 8.3 8
Employed Persons (Thousand ) 12933.00 11975 12000 12000 12000 12200
Unemployed Persons (Thousand ) 957.00 1280 1250 1250 1250 1200
Employment Rate (%) 44.60 41.9 42 42 42 42
Labor Force Participation Rate (%) 47.90 46.2 46.3 46.3 46.3 46.5
Wages (ARS/Month) 136052.00 103913 165618 138773 138773 169924
Minimum Wages (ARS/Month) 51200.00 44800 44800 44800 44800 55000
Population (Million) 45.81 46.23 46.23 46.23 46.64 46.64
Wage Growth (%) 5.06 4 3 2 2 2.6

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 78.50 86.7 75.3 72.4 69 40
Inflation Rate MoM (%) 7.00 5.5 4 3.5 3 2
Consumer Price Index CPI (points) 911.13 987 1021 1166 1340 1429
Producer Prices (points) 1441.34 1239 1254 1273 1336 1317
Export Prices (points) 225.40 210 215 215 215 220
Import Prices (points) 158.50 148 150 150 150 160
Inflation Expectations (%) 70.00 35 30 30 30 10
Food Inflation (%) 70.60 77 88 69 50 30
Core Inflation Rate (%) 72.20 81 89 66 60 30
CPI Housing Utilities (points) 685.70 832 836 926 1050 1170
CPI Transportation (points) 956.47 1009 1049 1086 1119 1141
Producer Prices Change (%) 66.40 46 36 16 5.8 5

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 75.00 75 78 78 78 78
Money Supply M0 (ARS Million) 4191384.00 3536180 3549617 3563054 3576490 4000000
Money Supply M1 (ARS Million) 6172867.90 5204002 5220157 5236312 5252467 5300754
Interbank Rate (%) 57.68 63.18 66.18 66.18 66.18 66.18
Money Supply M2 (ARS Million) 9375021.00 7550893 7573970 7597048 7620126 7666281
Money Supply M3 (ARS Million) 16849914.50 12703848 12741555 12779263 12816970 12892385
Deposit Interest Rate (%) 70.03 35 35 35 35 35
Foreign Exchange Reserves (USD Million) 29064.00 37500 38000 38000 38000 40000
Central Bank Balance Sheet (USD Million) 17112974.18 18361539 18972827 19473544 20063300 21344813

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) -300.00 327 285 243 200 1114
Current Account (USD Million) -894.00 -930 -1370 -1450 -1130 -950
Current Account to GDP (% of GDP) 1.00 0.5 0.5 0.5 0.5 0.5
Imports (USD Million) 7837.00 7252 7324 7397 7471 6619
Exports (USD Million) 7537.00 7579 7609 7640 7671 7733
External Debt (USD Million) 274836.62 270000 270000 270000 270000 270000
Terms of Trade (points) 142.20 146 148 148 148 155
Capital Flows (USD Million) -2099.68 2100 2000 2000 2000 1000
Foreign Direct Investment (USD Millions) 43.36 62 79 36 60 80
Tourist Arrivals 180121.00 500000 700000 900000 900000 900000
Gold Reserves (Tonnes) 61.74 60 60 60 60 60
Crude Oil Production (BBL/D/1K) 576.08 550 560 570 580 600

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 80.50 75 75 74 74 74
Government Budget (% of GDP) -4.50 -3.5 -3.5 -3 -3 -3
Government Budget Value (ARS Million) -210051.80 600400 1180500 1180500 1180500 1580700
Government Spending (ARS Million) 98389.00 99077 108338 97063 101242 110505
Government Revenues (ARS Million) 1611190.90 1300400 1800500 1800500 1800500 2200700
Tax Revenue (ARS Million) 1731319.00 1687000 1692338 1698056 1703774 1715211
Military Expenditure (USD Million) 3143.00 3200 3200 3200 3200 3400

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 25.00 25 35 25 25 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 37.40 37.4 37.4 37.4 37.4 37.4
Social Security Rate For Companies (%) 20.40 20.4 20.4 20.4 20.4 20.4
Social Security Rate For Employees (%) 17.00 17 17 17 17 17

Business Actual Q3 Q4 Q1 Q2 2023
Industrial Production (%) 5.10 0.5 0.9 1 2.2 1.5
Industrial Production Mom (%) -1.20 0.3 0.5 0.6 1.1 1
Capacity Utilization (%) 67.60 67 68 68 68 70
Changes in Inventories (ARS Million) -7362.00 -2500 16000 16000 16000 16000
Car Production (Units) 54057.00 47000 47500 47500 47500 50000
Car Registrations (Thousand) 29.17 32.1 34.5 34.5 34.5 36
Leading Economic Index (%) -1.10 -1.3 0.1 0.3 1.1 1

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 37.19 38 40 40 41 42
Retail Sales YoY (%) 167.60 95 30 15 1 3
Consumer Spending (ARS Million) 556501.00 475160 461158 532878 572640 470381
Gasoline Prices (USD/Liter) 0.95 0.99 1.02 1.06 1.1 1.1
Households Debt to GDP (% of GDP) 4.30 4.5 4.5 4.5 4.5 4.5

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index (%) 7.20 2.6 2.6 2.6 2.6 2.6
Construction Output (%) 5.20 3 4 4 5 5
Building Permits (Thousands Square Metre) 1004.94 1000 950 950 950 950