Argentina Crude Oil Production - Forecast

Crude Oil Production in Argentina is expected to be 510.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Argentina to stand at 510.00 in 12 months time. In the long-term, the Argentina Crude Oil Production is projected to trend around 510.00 BBL/D/1K in 2020, according to our econometric models.


Argentina Crude Oil Production
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Argentina Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -1541 -1180 -1270 -1170 -990 -10
Exports 4610 5220 5300 5450 5510 6940
Imports 6151 6400 6570 6620 6500 6950
Current Account -8683 -6764 -6303 -7092 -3000 -3000
Current Account to GDP -2.6 -2.4 -2.4 -2.4 -2.4 -1.9
External Debt 216351 218032 215946 175000 175000 170000
Terms of Trade 128 128 128 128 128 126
Capital Flows -8412 -6028 -5962 3510 3510 6510
Foreign Direct Investment 310 1050 1200 1370 1500 1800
Remittances 1078 994 1009 1024 1006 601
Tourist Arrivals 244500 441000 551000 642700 718400 999800
Gold Reserves 56.12 53.08 50.54 49.55 48.96 46.42
Crude Oil Production 485 510 510 500 510 510
Terrorism Index 0.81 1.2 1.2 1.2 1.2 1.1