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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 2021 was at about 12.259 USD per capita. GDP in Argentina, on the other hand, reached USD 10.729 per capita, or 491.49 billion USD in the whole country. Argentina is therefore currently ranked 26 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 60.
Inflation in Argentina was in 2019 at around 53.55%. Within the EU, the average in the same year was 2.55%. 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

The consequences of the Covid pandemic in 2020 were considerable in Argentina. Overall, gross domestic product in 2020 fell from 452.82 billion US Dollar auf 389.59 billion US Dollar. With a large drop of 13.96 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 2021

 Argentina
Total
Argentina
per capita
EU
Total
EU
per capita
GDP491.49 bn USD10,729.23 USD17.09 tn USD33,228.68 USD
Gross national product460.45 bn USD10,051.68 USD16.78 tn USD32,621.03 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 largest company in Argentina is YPF with a market capitalization of 3,314.00 billion Dollar. It is the only company in the country to be included in the Forbes Global 2000 list in 2022. This independent list annually publishes the 2000 largest companies worldwide, with YPF Bank ranking 1608th last year.

Development of the Gross domestic product in billion US Dollar 1970 - 2021



Im- and Exports 2021

 Argentina
Total
Argentina
per capita
EU
Total
EU
per capita
Imports72.13 bn USD1,574.50 USD8,916.24 bn USD17,337.55 USD
Exports87.35 bn USD1,906.74 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in billions of USD 1976 - 2021
Exports
Imports

Argentina: AirportsLargest airports and airlines in ArgentinaThe 30 biggest airports and 7 airlines in Argentina with further information and data
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