Economy Overview
After years of international isolation, Argentina took on several international leadership roles in 2017, including hosting the World Economic Forum on Latin America and the World Trade Organization Ministerial Conference, and is set to assume the presidency of the G-20 in 2018.
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
2.4%
Labor Force by Occupation
Agriculture: 0.5%
Industry: 24.8%
Services: 74.7% (2014 est.)
Unemployment Rate
8.5% (2016 est.)
Population Below Poverty Line
32.2%
Household Income or Consumption by Percentage Share
Lowest 10%: 1.6%
Highest 10%: 30.8% (2014 est.)
Distribution of Family Income Gini Index
45.8 (2009)
Budget
Revenues: $123.2 billion
Expenditures: $161.1 billion (2017 est.)
Public Debt
54.5% of GDP (2016 est.)
Central Bank Discount Rate
NA%
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$59 billion (31 December 2016 est.)
Stock of Broad Money
$146.5 billion (31 December 2016 est.)
Stock of Domestic Credit
$194 billion (31 December 2016 est.)
Market Value of Publicly Traded Shares
$53.1 billion (31 December 2013 est.)
Reserves of Foreign Exchange and Gold
$38.43 billion (31 December 2016 est.)
Debt External
$190.2 billion (31 December 2016 est.)
Stock of Direct Foreign Investment at Home
$72.11 billion (31 December 2016 est.)
Stock of Direct Foreign Investment Abroad
$39.74 billion (31 December 2016 est.)
Exchange Rates
8.0753 (2013 est.)
