21, Nov 2009, CST. Welcome to the Argentina economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Argentina › Change country
National or Regional Currency: Argentine Peso, ARP
Year of data: 2008 › Change year
Number of Indicators Listed: 19
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 40,913,584 (July 2009 est.)
Area: total: 2,766,890 sq km land: 2,736,690 sq km water: 30,200 sq km
Natural Resources: fertile plains of the pampas, lead, zinc, tin, copper, iron ore, manganese, petroleum, uranium
Government Type: Argentina government type
Government Ministers: Argentina ministers
Capital: Buenos Aires
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Argentina benefits from rich natural resources, a highly literate general populace, an export-oriented agricultural, agrarian, fisheries and farming sector, and a diversified industrial base. Although amongst the world's wealthiest countries 100 years ago, Argentina suffered during most of the 20th hundred years from recurring economic crises, persistent financial and national current account balance deficits, high inflation rates, mounting external public state debt, and capital flight. A severe depression, expanding public and external inpublic debtedness, and a bank run culminated in 2001 in the most major economic, social, and political crisis in the country's turbulent history. Interim President Adolfo RODRIGUEZ SAA declared a default - the largest in history - on the state's foreign public debt in December of that year, and abruptly resigned only a few days after taking office. His successor, Eduardo DUHALDE, announced an end to the peso's ten years-long 1-to-1 peg to the USA dollar in early 2002. Its economy bottomed out that year, with real Gross Domestic Product (GDP) 18 per cent smaller than in 1998 and almost 60 per cent of Argentines under the poverty line. Real Gross Domestic Product (GDP) rebounded to grow by an average 9 per cent annually over the subsequent five years, taking advantage of previously idled industrial capability and workforce, an audacious public debt restructuring and reduction ofd public debt burden, excellent international financial conditions, and expansionary monetary and financial policies. Inflation rates also increased, however, during the government of President Nestor KIRCHNER, which responded with price restraints on businesses, as well as taxation on exports and restraints, and beginning in early 2007, with understating inflation rates information. Cristina FERNANDEZ DE KIRCHNER succeeded her husband as President in late 2007, but was stymied in her efforts to hike taxation on exports still further by protesting farmers. Her government nationalized private pension investment in late 2008, which boosted government reserves, but failed to assuage investors' concerns approximately the direction of economic policies.
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GDP (Constant Prices, National Currency) for Argentina in year 2008 is ARP 384.201 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Argentina in year 2008 is 6.969 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Argentina in year 2008 is ARP 1,038.19 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Argentina in year 2008 is US$ 326.474 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Argentina in year 2008 is 270.22 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Argentina in year 2008 is ARP 9,666.49 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Argentina in year 2008 is ARP 26,120.82 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Argentina in year 2008 is US$ 8,214.09 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Argentina in year 2008 is not available

GDP (PPP), US Dollars for Argentina in year 2008 is US$ 572.86 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Argentina in year 2008 is US$ 14,413.16 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Argentina in year 2008 is 0.825 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Argentina in year 2008 is 1.812 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Argentina in year 2008 is not available

Gross National Savings (% of GDP) for Argentina in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Argentina in year 2008 is 211.947 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Argentina in year 2008 is 8.585 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Argentina in year 2008 is 219.043 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Argentina in year 2008 is 7.238 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Argentina in year 2008 is not available

Unemployment Rate (% of Labour Force) for Argentina in year 2008 is not available

Employment for Argentina in year 2008 is not available

Population for Argentina in year 2008 is 39.746 Million .

General Government Balance (National Currency) for Argentina in year 2008 is not available

General Government Balance (% of GDP) for Argentina in year 2008 is not available

General Government Structural Balance (National Currency) for Argentina in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Argentina in year 2008 is not available

General Government Net Debt (National Currency) for Argentina in year 2008 is not available

General Government Net Debt (% GDP) for Argentina in year 2008 is not available

General Government Gross Debt (National Currency) for Argentina in year 2008 is not available

General Government Gross Debt (% GDP) for Argentina in year 2008 is not available

Current Account Balance (US Dollars) for Argentina in year 2008 is US$ 4.428 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Argentina in year 2008 is 1.356 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.