Countries
Argentina
Key Economic Indicators
$1.39 trillion
$30,431
-1.34%
219.88%
7.15%
$633.267 billion (2024 est.)
55% of GDP (2016 est.)
$5.7 billion
Economic Overview
large diversified economy; financial risks from debt obligations, rapid inflation, and reduced investor appetites; resource-rich, export-led growth model; increasing trade relations with China; G20 and OAS leader; tendency to nationalize businesses and under-report inflation
All Economic Data
Agricultural products
maize, soybeans, sugarcane, wheat, milk, sunflower seeds, barley, beef, potatoes, chicken (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
1.9% of household expenditures (2023 est.)
On food:
23.1% of household expenditures (2023 est.)
Budget
Expenditures:
$139.037 billion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$115.69 billion (2023 est.)
Currency
code:
ARS
name:
Argentine peso (ARS) [$]
Current account balance
$5.7 billion
Current account balance 2022:
-$4.055 billion (2022 est.)
Current account balance 2023:
-$20.956 billion (2023 est.)
Current account balance 2024:
$6.285 billion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$242.36 billion
Debt - external 2023:
$74.362 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
Argentine pesos (ARS) per US dollar -
Exchange rates 2020:
70.539 (2020 est.)
Exchange rates 2021:
94.991 (2021 est.)
Exchange rates 2022:
130.617 (2022 est.)
Exchange rates 2023:
296.258 (2023 est.)
Exchange rates 2024:
914.695 (2024 est.)
Exports
$97.35 billion
Exports 2022:
$102.928 billion (2022 est.)
Exports 2023:
$82.947 billion (2023 est.)
Exports 2024:
$96.899 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
soybean meal, corn, trucks, soybean oil, crude petroleum (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Brazil 18%, USA 9%, Chile 8%, China 8%, India 4% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$11.64 billion
GDP - composition, by end use
Exports of goods and services:
15.3% (2024 est.)
Government consumption:
15% (2024 est.)
Household consumption:
68.1% (2024 est.)
Imports of goods and services:
-12.8% (2024 est.)
Investment in fixed capital:
15.8% (2024 est.)
Investment in inventories:
-0.1% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
6% (2024 est.)
Industry:
24% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
53.4% (2024 est.)
GDP (official exchange rate)
$633.267 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$13,970
Gini Index coefficient - distribution of family income
42.9 (2019)
Gini Index coefficient - distribution of family income 2023:
42.4 (2023 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$625.19 billion
GNI per capita
$13,530
Gross domestic investment
16 % of GDP
Household income or consumption by percentage share
Highest 10%:
31% (2023 est.)
Lowest 10%:
1.9% (2023 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$80.94 billion
Imports 2022:
$97.399 billion (2022 est.)
Imports 2023:
$92.3 billion (2023 est.)
Imports 2024:
$79.999 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
soybeans, vehicle parts/accessories, refined petroleum, natural gas, cars (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
Brazil 23%, China 20%, USA 12%, Paraguay 5%, Germany 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
-7.2% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel
Inflation rate (consumer prices)
219.88%
Inflation rate (consumer prices) 2020:
40.5% (2020 est.)
Inflation rate (consumer prices) 2021:
47.1% (2021 est.)
Inflation rate (consumer prices) 2022:
73.1% (2022 est.)
Note:
<strong>note:</strong> annual % change based on consumer prices
Labor force
22.286 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
22.42 million persons
Labor force - by occupation
agriculture:
7%
industry:
21.18%
services:
71.81%
Population below poverty line
41.7% (2023 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Public debt 2016:
55% of GDP (2016 est.)
Real GDP (purchasing power parity)
$1.39 trillion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$1.255 trillion (2022 est.)
Real GDP (purchasing power parity) 2023:
$1.234 trillion (2023 est.)
Real GDP (purchasing power parity) 2024:
$1.213 trillion (2024 est.)
Real GDP growth rate
-1.34%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
5.3% (2022 est.)
Real GDP growth rate 2023:
-1.6% (2023 est.)
Real GDP growth rate 2024:
-1.7% (2024 est.)
Real GDP per capita
$30,431
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$27,600 (2022 est.)
Real GDP per capita 2023:
$27,100 (2023 est.)
Real GDP per capita 2024:
$26,500 (2024 est.)
Remittances
$1.04 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
0.2% of GDP (2022 est.)
Remittances 2023:
0.2% of GDP (2023 est.)
Remittances 2024:
0.2% of GDP (2024 est.)
Reserves of foreign exchange and gold
$29.56 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$44.795 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$23.081 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$29.56 billion (2024 est.)
Revenue (excl grants)
18 % of GDP
Tax revenue
10 % of GDP
Taxes and other revenues
10% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
7.15%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
6.9% (2022 est.)
Unemployment rate 2023:
6.2% (2023 est.)
Unemployment rate 2024:
7.9% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
23% (2024 est.)
Male:
19.8% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
21.2% (2024 est.)
World Bank Indicators
Currency
Argentine peso (ARS) $ (2025)
Exports (US$)
$97.35B (2024)
External Debt
$242.36B (2024)
FDI Net Inflows (US$)
$11.64B (2024)
GDP Growth (%)
-1.34 (2024)
Gdp Nominal
$638.37B (2024)
GDP Per Capita
13,970 (2024)
Gini Index
42.90 (2019)
Imports (US$)
$80.94B (2024)
Inflation Rate (%)
220 (2024)
Languages
Guarani, Spanish (2025)
Reserves
$29.56B (2024)
Unemployment Rate (%)
7.15 (2024)
Youth Unemployment
19.23 (2024)
Economic Rankings
Inflation Rate
#5
External Debt
#8
GDP (Nominal)
#23
GDP (PPP)
#28
Gini Index
#45
Imports
#46
Reserves
#47
Exports
#49
Unemployment Rate
#63
GDP per Capita
#69
GDP Growth Rate
#83
Quick Facts
Industries
food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel
Agricultural products
maize, soybeans, sugarcane, wheat, milk, sunflower seeds, barley, beef, potatoes, chicken (2023)
Labor force
22.286 million (2024 est.)
Exports - partners
Brazil 18%, USA 9%, Chile 8%, China 8%, India 4% (2023)
Imports - partners
Brazil 23%, China 20%, USA 12%, Paraguay 5%, Germany 4% (2023)
Exchange rates
Argentine pesos (ARS) per US dollar -
Explore More
Our Partners
Trusted partner applications powering global data and insights