Markets Actual Q3 Q4 Q1 Q2 2023
Currency 126.18 126 126 127 127 128
Stock Market (points) 92689.47 85431 81046 76894 72950 65655

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.90 0.8 1 0.6 0.5 0.5
GDP Annual Growth Rate (%) 6.00 3.7 4 3.3 2.9 2
Unemployment Rate (%) 7.00 8.8 9.1 8.5 8.3 8
Inflation Rate (%) 60.70 58 52 50.3 42.1 40
Inflation Rate Mom (%) 5.10 4 3.5 2.9 2.3 2
Interest Rate (%) 52.00 52 52 47 47 45
Balance of Trade (USD Million) 356.00 717 720 685 728 739
Current Account (USD Million) -1130.00 -930 -1370 -1450 -1130 -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 74 74 74
Government Budget (% of GDP) -4.50 -3.5 -3.5 -3 -3 -3
Consumer Confidence (points) 39.10 40 41 42 43 42
Corporate Tax Rate (%) 25.00 25 35 25 25 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.90 0.8 1 0.6 0.5 0.5
GDP Annual Growth Rate (%) 6.00 3.7 4 3.3 2.9 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 Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 7.00 8.8 9.1 8.5 8.3 8
Employed Persons (Thousand ) 12584.00 11975 12000 12000 12000 12200
Unemployed Persons (Thousand ) 943.00 1280 1250 1250 1250 1200
Employment Rate (%) 43.30 41.9 42 42 42 42
Labor Force Participation Rate (%) 46.50 46.2 46.3 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 46.64 46.64
Wage Growth (%) 5.60 4 3 2 2 2.6

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 60.70 58 52 50.3 42.1 40
Inflation Rate Mom (%) 5.10 4 3.5 2.9 2.3 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) 207.30 210 215 215 215 220
Import Prices (points) 134.40 148 150 150 150 160
Inflation Expectations (%) 50.00 35 30 30 30 10
Food Inflation (%) 64.20 58 50 40 30 30
Core Inflation Rate (%) 60.50 67.4 69.1 65.6 59.8 20
CPI Housing Utilities (points) 581.71 672 704 725 807 1015
CPI Transportation (points) 810.22 843 872 897 918 936
Producer Prices Change (%) 54.40 30 20 9 5 5

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 52.00 52 52 47 47 45
Money Supply M0 (ARS Million) 3767808.00 3536180 3549617 3563054 3576490 4000000
Money Supply M1 (ARS Million) 5240520.40 5204002 5220157 5236312 5252467 5300754
Interbank Rate (%) 40.28 40.28 40.28 35.28 35.28 35.28
Money Supply M2 (ARS Million) 7779471.50 7550893 7573970 7597048 7620126 7666281
Money Supply M3 (ARS Million) 13860012.00 12703848 12741555 12779263 12816970 12892385
Deposit Interest Rate (%) 49.47 35 35 35 35 35
Foreign Exchange Reserves (USD Million) 32349.00 37500 38000 38000 38000 40000
Central Bank Balance Sheet (USD Million) 17112974.18 18361539 18972827 19473544 20063300 21344813

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 356.00 717 720 685 728 739
Current Account (USD Million) -1130.00 -930 -1370 -1450 -1130 -950
Current Account to GDP (% of GDP) 1.00 0.5 0.5 0.5 0.5 0.5
Imports (USD Million) 7870.00 6049 6084 6120 6155 6227
Exports (USD Million) 8226.00 6769 6769 6848 6848 6966
External Debt (USD Million) 274355.25 270000 270000 270000 270000 270000
Terms of Trade (points) 154.20 146 148 148 148 155
Capital Flows (USD Million) -1566.31 2100 2000 2000 2000 1000
Foreign Direct Investment (USD Millions) 37.08 62 79 36 60 80
Tourist Arrivals 180121.00 500000 700000 900000 900000 900000
Gold Reserves (Tonnes) 61.74 60 60 60 60 60
Crude Oil Production (BBL/D/1K) 559.50 550 560 570 580 600

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 80.50 75 75 74 74 74
Government Budget (% of GDP) -4.50 -3.5 -3.5 -3 -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 1300400 1800500 1800500 1800500 2200700
Military Expenditure (USD Million) 3143.00 3200 3200 3200 3200 3400
Tax Revenue (ARS Million) 1680901.00 1251429 1256599 1261770 1266940 1277280

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 25.00 25 35 25 25 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 (%) 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 Q3 Q4 Q1 Q2 2023
Industrial Production (%) 4.70 0.5 0.9 1 2.2 1.5
Industrial Production Mom (%) 5.00 0.3 0.5 0.6 1.1 1
Capacity Utilization (%) 67.50 67 68 68 68 70
Changes in Inventories (ARS Million) 865732.00 -2500 16000 16000 16000 16000
Car Production (Units) 46416.00 47000 47500 47500 47500 50000
Car Registrations (Thousand) 33.73 32.1 34.5 34.5 34.5 36
Leading Economic Index (%) -2.00 -0.3 0.9 1.1 1.3 1

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 39.10 40 41 42 43 42
Retail Sales YoY (%) 230.60 6 3 2 2 3
Consumer Spending (ARS Million) 515855.00 505695 475160 461158 532878 470381
Gasoline Prices (USD/Liter) 0.95 0.98 1.02 1.06 1.1 1.1
Households Debt To GDP (% of GDP) 4.50 4.5 4.5 4.5 4.5 4.5

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


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 Wednesday, July 6, 2022.