Worlddata.info

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
GDP487.23 bn USD10,636.12 USD17.177 tn USD33,384.92 USD
Gross national product456.14 bn USD9,957.47 USD16.895 tn USD32,835.37 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

Imports and Exports 2021

 Argentina
Total		Argentina
per capita		EU
Total		EU
per capita
Imports72.13 bn USD1,574.50 USD8.916 tn USD17,329.02 USD
Exports87.35 bn USD1,906.74 USD9.554 tn USD18,569.19 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 5 airlines in Argentina with further information and data with further information on airlines and destinations
Argentina: Public HolidaysPublic holidays in Argentina 2023-2027Statutory and inofficial holidays in Argentina for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.