Argentina Crude Oil Production  Forecast 2016-2020

Crude Oil Production in Argentina is expected to be 490.70 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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Forecast Actual Q3/17 Q4/17 Q1/18 Q2/18 2020 Unit
Crude Oil Production 486 491 505 510 510 510 BBL/D/1K
Argentina Crude Oil Production Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Argentina Crude Oil Production using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Argentina Crude Oil Production - was last predicted on Friday, July 28, 2017.



Argentina Trade Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -748 -450 -710 -1180 -1270 -10
Exports 5150 5450 5390 5220 5300 6940
Imports 5898 5900 6100 6400 6570 6950
Current Account -6871 -2000 -2400 -6170 -4964 -3000
Current Account to GDP -2.6 -2.5 -2.5 -2.4 -2.4 -1.9
External Debt 192462 199133 199811 200157 200449 170000
Terms of Trade 131 135 133 133 132 133
Capital Flows -6454 6104 2490 6808 1766 6510
Foreign Direct Investment 788 669 750 751 751 771
Remittances 1078 1045 1038 1034 1031 996
Tourist Arrivals 1483988 1205426 1443714 1691427 1142465 1431449
Gold Reserves 54.9 53.31 53.24 53.45 53.37 53.2
Crude Oil Production 486 491 505 510 510 510
Terrorism Index 0.5 1.13 1.07 1.23 1.38 1.75