Browse a full set of economic indicators


Includes historical data for Argentina’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Runaway Inflation Overshadows Economic Strengths

Argentina’s economy is a mosaic of huge potentials overshadowed by formidable challenges. Despite its rich natural resources and highly literate population, this nation of about 47 million also has a history of deep economic crises marked by high fiscal deficits and inflation. Local and foreign investors are deterred by elevated tax burdens, rigid labor laws and heavy state involvement in the economy. Political instability, corruption and lack of judicial independence further discourage business initiatives.

Yet, Argentina also boasts unique strengths. These include a large domestic market, some of the world’s largest reserves of lithium and shale oil and gas, as well as abundant solar and wind energy resources. Additionally, its diverse workforce is more educated and skilled than the national average.  Harnessing such abundant natural and human capital resources will remain contingent on Argentina’s ability to implement essential growth-driven policies, and to reduce its fiscal deficit and reliance on IMF financing.

Macroeconomy & Sovereign Data

Type of Government Presidential republic
Capital Buenos Aires
Sovereign Ratings S&P: CCC
Moody’s: Ca
Fitch: CC
Total Population 47.2 million
Median Age 32.2
Adult Per Capita Income (PPP) 28,983.33
Total GDP (2023) 604.3 billion

Argentina GDP & Economic Overview

Most Recent Content


Banking & Finance

Trade & Investment

Total Exports USD 69.4 billion (2023)
Leading Exports Corn
Soybean Products
Delivery Trucks
Total Imports USD 94.4 billion (2022)
Leading Imports Cars
Refined Petroleum
Vehicle Parts
Natural Gas
Source: World Integrated Trade Solution

Argentina Leading Companies

Banco Macro Financials
Banco Supervielle FInancials
YPF (Yacimientos Petrolíferos Fiscales) Energy, Oil & Gas Exploration & Production
Grupo Arcor Consumer Staples, Packaged Foods & Meats
Tenaris Materials, Construction & Engineering
Mercado Libre Consumer Discretionary, Information Technology
Grupo Clarín Communication Services, Media

Major Trade Partners — Import

China 21%
Brazil 20%
United States 9%
Paraguay 5%
Germany 4%

Major Trade Partners — Export

Brazil 15%
China 8%
United States 7%
India 6%
Chile 5%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000