Markets Actual Q4 Q1 Q2 Q3 2020
Currency 59.60 60.79 62.05 63.34 64.65 67.35
Stock Market (points) 31019.69 33102 31310 29616 28014 25064
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) -0.30 -0.1 0.3 0.5 0.7 0.8
GDP Annual Growth Rate (%) 0.60 -2.5 -2 -1.7 -1.5 -1.1
Unemployment Rate (%) 10.60 10.5 10.3 10.1 9.7 9.5
Inflation Rate (%) 53.50 55 51 48 45 35
Inflation Rate Mom (%) 5.90 3.2 2.2 2.1 2.4 2.5
Interest Rate (%) 63.01 65 60 55 50 45
Balance of Trade (USD Million) 1744.00 -50 -500 -500 -200 200
Current Account (USD Million) -2560.58 -5500 -5100 -5800 -6100 -6800
Current Account to GDP (%) -5.40 -2.1 -2.6 -2.6 -2.6 -2.6
Government Debt to GDP (%) 86.20 100 85 85 85 85
Government Budget (% of GDP) -5.50 -3 -2.8 -2.8 -2.8 -2.8
Consumer Confidence (Index Points) 43.80 34 32 31 33 32
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) -0.30 -0.1 0.3 0.5 0.7 0.8
GDP Annual Growth Rate (%) 0.60 -2.5 -2 -1.7 -1.5 -1.1
GDP (USD Billion) 518.50 680 690 690 690 690
GDP Constant Prices (ARS Million) 751809.00 669074 683339 653416 655416 684463
Gross Fixed Capital Formation (ARS Million) 123758.00 118620 121149 110601 110939 121348
GDP per capita (USD) 10040.13 10900 11200 11200 11200 11200
GDP per capita PPP (USD) 18282.09 19000 19100 19100 19100 19100
GDP From Agriculture (ARS Million) 103620.43 33500 33500 33500 33500 35000
GDP From Construction (ARS Million) 21317.84 20170 20600 21572 21638 20634
GDP From Manufacturing (ARS Million) 111614.35 111689 114070 97207 97505 114258
GDP From Mining (ARS Million) 21757.89 20848 21292 20433 20495 21327
GDP From Public Administration (ARS Million) 33205.03 32648 33344 32612 32712 33399
GDP From Services (ARS Million) 84365.52 83474 85253 79732 79976 85393
GDP From Transport (ARS Million) 59145.30 54543 55706 54849 55017 55797
GDP From Utilities (ARS Million) 11836.80 11565 11811 11957 11994 11831
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 10.60 10.5 10.3 10.1 9.7 9.5
Unemployed Persons (Thousand ) 1438.00 1280 1280 1270 1260 1250
Wages (ARS/Month) 45187.00 52663 42075 62281 45955 53716
Minimum Wages (ARS/Month) 16875.00 16875 16875 16875 16875 16875
Population (Million) 44.50 44.65 44.8 44.8 44.8 44.8
Wages High Skilled (ARS/Month) 20500.00 20869 20869 20828 20849 21286
Wages Low Skilled (ARS/Month) 10500.00 10689 10689 10668 10679 10903
Wage Growth (%) 2.78 1.8 1.8 1.6 1.7 2
Living Wage Family (ARS/Month) 14400.00 14659 14659 14630 14645 14952
Living Wage Individual (ARS/Month) 10400.00 10587 10587 10566 10577 10799
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 53.50 55 51 48 45 35
Inflation Rate Mom (%) 5.90 3.2 2.2 2.1 2.4 2.5
Consumer Price Index CPI (Index Points) 253.71 286 311 334 368 386
Producer Prices (Index Points) 389.62 430 449 486 545 559
Inflation Expectations (Percent) 30.00 35 33 33 33 33
CPI Housing Utilities (Index Points) 299.17 351 386 416 434 474
Producer Prices Change (%) 45.30 55 50 45 40 30
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 63.01 65 60 55 50 45
Interbank Rate (%) 60.88 66.89 61.89 56.89 51.89 46.89
Deposit Interest Rate (%) 46.09 27 25 25 25 25
Central Bank Balance Sheet (USD Million) 5856373.69 6344796 6774630 7197594 7300000 8778056
Foreign Exchange Reserves (USD Million) 47831.00 54000 54000 53000 51000 56000
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) 1744.00 -50 -500 -500 -200 200
Current Account (USD Million) -2560.58 -5500 -5100 -5800 -6100 -6800
Current Account to GDP (%) -5.40 -2.1 -2.6 -2.6 -2.6 -2.6
Imports (USD Million) 4002.00 5000 5500 5300 5300 5400
Exports (USD Million) 5746.00 4950 5000 5100 5000 5600
External Debt (USD Million) 283567.04 283000 283000 277483 279000 286000
Foreign Direct Investment (USD Millions) 96.34 80 80 140 130 120
Tourist Arrivals 240933.00 295000 320000 190000 240000 345000
Gold Reserves (Tonnes) 61.74 60.54 60.58 60.58 60.58 60.58
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 86.20 100 85 85 85 85
Government Budget (% of GDP) -5.50 -3 -2.8 -2.8 -2.8 -2.8
Government Spending (ARS Million) 94555.00 95500 97669 88979 89251 98000
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 35.00 35 35 35 35 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate For Companies (%) 26.70 27 27 27 26.7 27
Business Actual Q4 Q1 Q2 Q3 2020
Industrial Production (%) -5.10 -10 0.5 1.3 1.7 1.8
Industrial Production Mom (%) -2.80 -1 0.5 0.7 0.8 1.2
Changes in Inventories (ARS Million) -8522.00 -10283 21600 21600 21600 28954
Car Production (Units) 38659.00 39700 41500 40000 38600 40900
Car Registrations (Thousand) 37.21 56 35 40 45 60
Leading Economic Index (%) 0.60 -2.3 -1.5 -0.8 0.2 -0.5
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 43.80 34 32 31 33 32
Retail Sales YoY (%) 45.90 10 10 18 21 15
Consumer Spending (ARS Million) 533656.00 452566 462215 490945 492448 462975
Gasoline Prices (USD/Liter) 0.77 0.68 0.66 0.64 0.63 0.59
Housing Actual Q4 Q1 Q2 Q3 2020
Construction Output (%) -8.50 -4 -1.8 0.5 1.8 2.1


This page has economic forecasts for Argentina including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Argentina economy.