The economic architecture of Argentina is substantial, anchored by a Gross Domestic Product (GDP) of approximately $646.08B
2023
. This places it as the 22nd largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $14.19K
2023
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $1.37T, offering a clearer picture of the population's domestic purchasing power. The economy is facing headwinds, marked by a contraction of -1.6%
2023
On the global stage, Argentina's trade and financial dynamics reveal a complex interplay of international and domestic factors. The country exhibits a balanced trade profile, with exports making up 12.7% of GDP and imports 13.9%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 3.69% of the economy
2023
. This performance positions the country 52nd globally out of 186 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $1.01B annually
2023
. The government operates under fiscal constraints, with a limited tax base that generates revenue equivalent to only 11.1% of GDP.
2022
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $12,890
2023
, ranking the nation 65th out of 190. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The labor market remains stable, with an unemployment rate of 7.9%.
2024
A key feature of the workforce is its concentration in the services sector, which accounts for 76.4% of total employment
2023
. Despite its economic standing, poverty remains a salient issue, with 41.7% of the population living below the national poverty line
2023
. The nation exhibits a moderate degree of income inequality, with a Gini index of 42.4.
2023
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 1,808.998 kg of oil equivalent
2022
, a metric that often correlates with industrial activity and living standards. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 9.2%
2021
. This commitment places it 47th among 190 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 365.68K tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

Primarily fueled by domestic demand, the economy has a degree of insulation from global trade volatility but may miss export-led growth opportunities.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

A heavy dependence on fossil fuels poses significant long-term risks, including exposure to price volatility, energy insecurity, and climate change impacts.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.