Economy Overview
After being elected into office on December 10, President MACRI has taken significant steps to liberalize the Argentine economy. His administration lifted capital controls; floated the peso, negotiated debt payments with holdout bond creditors, and removed export controls on some commodities.
Agriculture Products
sunflower seeds, lemons, soybeans, grapes, corn, tobacco, peanuts, tea, wheat; livestock
Industries
food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel
Industrial Production Growth Rate
1.1%
Labor Force
17.47 million
Labor Force by Occupation
Agriculture: 5%
Industry: 23%
Services: 72% (2009 est.)
Unemployment Rate
7.3% (2014 est.)
Population Below Poverty Line
30%
Household Income or Consumption by Percentage Share
Lowest 10%: 1.5%
Highest 10%: 32.3% (2010 est.)
Distribution of Family Income Gini Index
45.8 (2009)
Budget
Revenues: $143.3 billion
Expenditures: $173.9 billion (2015 est.)
Public Debt
41% of GDP (2014 est.)
Central Bank Discount Rate
NA%
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$62.88 billion (31 December 2014 est.)
Stock of Broad Money
$138.6 billion (31 December 2014 est.)
Stock of Domestic Credit
$183.3 billion (31 December 2014 est.)
Market Value of Publicly Traded Shares
$63.91 billion (31 December 2013 est.)
Reserves of Foreign Exchange and Gold
$31.4 billion (31 December 2014 est.)
Debt External
$140.4 billion (31 December 2014 est.)
Stock of Direct Foreign Investment at Home
$82.22 billion (31 December 2014 est.)
Stock of Direct Foreign Investment Abroad
$36.15 billion (31 December 2014 est.)
Exchange Rates
4.1101 (2011 est.)
