Indicators of economy in Argentina
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,232 USD per capita. GDP in Argentina, on the other hand, reached USD 10,636 per capita, or 487.23 billion USD for the whole country. Argentina is therefore currently ranked 27 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Argentina ranks 65th in the list of the richest countries.Inflation in Argentina in 2022 was around 94.80%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
The index for perceived corruption in the public sector is 38, which is below average by global standards.
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 447.75 billion US dollars to 385.54 billion US dollars. With a large drop of 13.89 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. The inflation rate fell from 53.5 percent previously to 42.0 percent by the end of 2020.In 2021, there was already a recovery and the gross domestic product increased to 487.23 billion US dollars (=108.8% of 2019).
Unemployment rates in percentages 1991 - 2021
Economic performance 2021
Argentina Total | Argentina per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 487.23 bn USD | 10,636.12 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 456.14 bn USD | 9,957.47 USD | 16.895 tn USD | 32,835.37 USD |
In the Global Innovation Index, Argentina ranked 69th in 2022 with 28.6 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points. The largest company in Argentina is YPF with a market capitalization of 3.314 trillion dollars. It is the only company in the country to be included in the Forbes Global 2000 list in 2022. This independent list publishes the 2000 largest companies worldwide annually, with YPF Bank ranking 1608th last year.
Development of gross domestic product in billions of USD 1970 - 2021
› Debt budget development
› Development of inflation
› Corruption in Argentina
› Cost of living in a global comparison
› Development of inflation
› Corruption in Argentina
› Cost of living in a global comparison
Imports and Exports 2021
Argentina Total | Argentina per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 72.13 bn USD | 1,574.50 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 87.35 bn USD | 1,906.74 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1976 - 2021
Exports
Imports