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Indicators of economy in Argentina

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.912 US Dollar per capita. In contrast, the GDP in Argentina reached 8.579 US dollars per inhabitant, or 389.29 bn US Dollar in the whole country. Argentina is therefore currently ranked 29 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Argentina is in the list of the world's richest countries in place 66.

Inflation in Argentina was in 2019 at around 53.55%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 100.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Argentina

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic in 2020 were considerable in Argentina. Overall, gross domestic product in 2020 fell from 451.93 billion US Dollar auf 389.29 billion US Dollar. With a large drop of 13.86 percent, the economy in Argentina has struggled significantly more than other countries. The tourism sector alone slumped by around 70 percent. The unemployment rate rose from 9.8 to 11.5 percent.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Argentina
Total
Argentina
per capita
EU
Total
EU
per capita
GDP389.29 bn USD8,579.02 USD15,291.93 tn USD29,710.69 USD
Gross national product411.59 bn USD9,070.61 USD15,330.84 tn USD29,786.28 USD


Argentina ranked 51st in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. The two largest listed companies in Argentina are MercadoLibre with a market capitalization of 79,387.00 tn dollars and YPF with 2,507.00 bn dollars. They are the only companies nationwide to be included in the list of Forbes Global 2000 in 2021. This independent list annually publishes the 2000 largest companies worldwide. MercadoLibre was ranked 1563rd by Forbes and YPF was ranked 1692nd.

Development of the Gross domestic product in billion US Dollar 1970 - 2020



Im- and Exports 2020

 Argentina
Total
Argentina
per capita
EU
Total
EU
per capita
Imports51.95 bn USD1,144.96 USD7,340.01 bn USD14,260.90 USD
Exports64.35 bn USD1,418.02 USD7,939.04 bn USD15,424.75 USD


Development of imports and exports in billion US dollars 1976 - 2020

Exports
Imports



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