Argentina/Economy

Economy of Argentina

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$646.1B(2023)
GDP PPP (USD)
$1.4T(2023)
GDP per Capita (USD)
$14,187(2023)
GDP Growth (inflation-adjusted)
-1.6%(2023)

Trade & Finance

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Exports (as share of GDP)
12.7%(2023)
Imports (as share of GDP)
13.9%(2023)
FDI Inflows (as share of GDP)
3.7%(2023)
Remittance Inflow (USD)
$1.0B(2023)
Tax Revenue (as share of GDP)
11.1%(2022)

Labor & Income

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Unemployment Rate
7.9%(2024)
Employment in Services
76.4%(2023)
Poverty Rate
41.7%(2023)
GINI Index
42.4(2023)
GNI per Capita (USD)
$12,890(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
1809 kg oil eq.(2022)
Renewable Energy Consumption (%)
9.2%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Argentina

  • 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 in Purchasing Power Parity (PPP) terms is estimated at $1.37T, reflecting the population's domestic purchasing power. The economy is facing a contraction, with a negative growth rate of -1.6%
    2023
    ,
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The country has a relatively balanced trade profile, with exports making up 12.7% of GDP and imports 13.9%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 3.69% of the economy
    2023
    . This performance positions the country 52nd globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $1.01B annually
    2023
    , highlighting the economic importance of its diaspora. The government faces fiscal constraints, with tax revenue representing only 11.1% of GDP
    2022
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $12,890
    2023
    . Globally, this ranks the nation 65th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The labor market is stable, with unemployment at 7.9%
    2024
    . The services sector is a primary driver of the labor market, accounting for 76.4% of total employment
    2023
    . Poverty remains a key issue, with 41.7% of the population living below the national poverty line
    2023
    . There is a moderate level of income inequality, with a Gini index of 42.4
    2023
    .
  • On the environment and energy front, energy consumption per capita is 1,808.998 kg of oil equivalent
    2022
    . The energy mix is still heavily reliant on traditional sources, with renewables contributing 9.2%
    2021
    . Its commitment to clean energy places it 47th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The economy is primarily driven by domestic demand, with limited exposure to global trade fluctuations but also fewer opportunities for export-led growth.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Heavy reliance on fossil fuels creates significant long-term risks related to climate change, price volatility, and energy security.

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.