Markets Actual Q2 Q3 Q4 Q1 2023
Currency 125.04 125 125 126 126 127
Stock Market (points) 88130.75 78393 74395 70603 67001 60341

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 0.90 0.3 0.8 1 0.6 0.5
GDP Annual Growth Rate (%) 6.00 0.6 3.7 4 3.3 2
Unemployment Rate (%) 7.00 8.7 8.8 9.1 8.5 8
Inflation Rate (%) 60.70 60 58 52 50.3 40
Inflation Rate Mom (%) 5.10 4.5 4 3.5 2.9 2
Interest Rate (%) 52.00 52 52 52 47 45
Balance of Trade (USD Million) 356.00 717 720 685 728 739
Current Account (USD Million) -1130.00 -310 -930 -1370 -1450 -950
Current Account to GDP (% of GDP) 1.00 0.5 0.5 0.5 0.5 0.5
Government Debt to GDP (% of GDP) 80.50 75 75 75 74 74
Government Budget (% of GDP) -4.50 -3.5 -3.5 -3.5 -3 -3
Consumer Confidence (points) 36.30 36 40 41 42 42
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 0.90 0.3 0.8 1 0.6 0.5
GDP Annual Growth Rate (%) 6.00 0.6 3.7 4 3.3 2
GDP (USD Billion) 383.07 430 430 430 430 450
GDP Constant Prices (ARS Million) 691652.00 722276 712776 725577 714477 740088
Gross Fixed Capital Formation (ARS Million) 146724.00 136420 146254 154056 151566 157137
GDP per capita (USD) 11342.02 12600 12600 12600 12600 12800
GDP per capita PPP (USD) 19686.52 22100 22100 22100 22100 22550
GDP From Agriculture (ARS Million) 39792.67 89706 36165 38395 41106 39163
GDP From Construction (ARS Million) 22467.32 19153 21883 21969 23209 22408
GDP From Manufacturing (ARS Million) 108992.73 116834 124840 128113 112589 130675
GDP From Mining (ARS Million) 22656.31 20902 22502 23606 23404 24078
GDP From Public Administration (ARS Million) 34914.50 31998 33919 36047 36067 36768
GDP From Services (ARS Million) 90190.06 90864 95020 97743 93166 99698
GDP From Transport (ARS Million) 53261.09 53127 52153 53719 55019 54794
GDP From Utilities (ARS Million) 12942.28 12814 13884 12769 13369 13024

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 7.00 8.7 8.8 9.1 8.5 8
Employed Persons (Thousand ) 12584.00 11950 11975 12000 12000 12200
Unemployed Persons (Thousand ) 943.00 1280 1280 1250 1250 1200
Employment Rate (%) 43.30 41.8 41.9 42 42 42
Labor Force Participation Rate (%) 46.50 46.1 46.2 46.3 46.3 46.5
Wages (ARS/Month) 161123.00 132210 103837 165957 164345 170272
Minimum Wages (ARS/Month) 47850.00 44800 44800 44800 44800 55000
Population (Million) 45.81 46.23 46.23 46.23 46.23 46.64
Wage Growth (%) 5.42 4 4 3 2 2.6

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 60.70 60 58 52 50.3 40
Inflation Rate Mom (%) 5.10 4.5 4 3.5 2.9 2
Consumer Price Index CPI (points) 753.15 774 835 885 1016 1239
Producer Prices (points) 1213.02 1102 1104 1106 1196 1162
Export Prices (points) 207.30 200 210 215 215 220
Import Prices (points) 134.40 145 148 150 150 160
Inflation Expectations (%) 60.00 40 35 30 30 10
Food Inflation (%) 64.20 64 58 50 40 30
Core Inflation Rate (%) 60.50 63.5 67.4 69.1 65.6 20
CPI Housing Utilities (points) 581.71 672 704 725 807 1015
CPI Transportation (points) 810.22 847 881 911 938 957
Producer Prices Change (%) 54.40 40 30 20 9 5

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 52.00 52 52 52 47 45
Money Supply M0 (ARS Million) 3767808.00 3522744 3536180 3549617 3563054 4000000
Money Supply M1 (ARS Million) 5240520.40 5187846 5204002 5220157 5236312 5300754
Interbank Rate (%) 38.22 38.22 38.22 38.22 33.22 31.22
Money Supply M2 (ARS Million) 7779471.50 7527815 7550893 7573970 7597048 7666281
Money Supply M3 (ARS Million) 13860012.00 12666141 12703848 12741555 12779263 12892385
Deposit Interest Rate (%) 50.57 35 35 35 35 35
Foreign Exchange Reserves (USD Million) 32349.00 37000 37500 38000 38000 40000
Central Bank Balance Sheet (USD Million) 17112974.18 17906397 18361539 18972827 19473544 21344813

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (USD Million) 356.00 717 720 685 728 739
Current Account (USD Million) -1130.00 -310 -930 -1370 -1450 -950
Current Account to GDP (% of GDP) 1.00 0.5 0.5 0.5 0.5 0.5
Imports (USD Million) 7870.00 6013 6049 6084 6120 6227
Exports (USD Million) 8226.00 6730 6769 6769 6848 6966
External Debt (USD Million) 266740.07 270000 270000 270000 270000 270000
Terms of Trade (points) 154.20 144 146 148 148 155
Capital Flows (USD Million) -1566.31 3100 2100 2000 2000 1000
Foreign Direct Investment (USD Millions) 37.08 40 62 79 36 80
Tourist Arrivals 180121.00 300000 500000 700000 900000 900000
Gold Reserves (Tonnes) 61.74 60 60 60 60 60
Crude Oil Production (BBL/D/1K) 559.50 550 550 560 570 600

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 80.50 75 75 75 74 74
Government Budget (% of GDP) -4.50 -3.5 -3.5 -3.5 -3 -3
Government Budget Value (ARS Million) -162411.70 900500 600400 1180500 1180500 1580700
Government Spending (ARS Million) 93962.00 94034 99077 108338 97063 110505
Government Revenues (ARS Million) 1648626.30 1600500 1300400 1800500 1800500 2200700
Military Expenditure (USD Million) 3143.00 3200 3200 3200 3200 3400
Tax Revenue (ARS Million) 1551370.00 1246259 1251429 1256599 1261770 1277280

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 37.40 37.4 37.4 37.4 37.4 37.4
Social Security Rate For Companies (%) 20.40 20.4 20.4 20.4 20.4 20.4
Social Security Rate For Employees (%) 17.00 17 17 17 17 17

Business Actual Q2 Q3 Q4 Q1 2023
Industrial Production (%) 4.70 1.1 0.5 0.9 1 1.5
Industrial Production Mom (%) 5.00 0.2 0.3 0.5 0.6 1
Capacity Utilization (%) 67.50 63.5 67 68 68 70
Changes in Inventories (ARS Million) 865732.00 9700 -2500 16000 16000 16000
Car Production (Units) 46416.00 46000 47000 47500 47500 50000
Car Registrations (Thousand) 33.73 32 32.1 34.5 34.5 36
Leading Economic Index (%) -2.00 -0.6 -0.3 0.9 1.1 1

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 36.30 36 40 41 42 42
Retail Sales YoY (%) 230.60 80 6 3 2 3
Consumer Spending (ARS Million) 515855.00 505695 475160 461158 532878 470381
Gasoline Prices (USD/Liter) 1.00 1.04 1.07 1.11 1.15 1.15
Households Debt To GDP (% of GDP) 4.50 4.5 4.5 4.5 4.5 4.5

Housing Actual Q2 Q3 Q4 Q1 2023
Housing Index (%) 6.20 2.6 2.6 2.6 2.6 2.6
Construction Output (%) 8.80 -5 3 4 5 5
Building Permits (Thousands Square Metre) 1004.94 1050 1000 950 950 950


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Argentina Forecast - was last updated on Thursday, June 30, 2022.