Markets Actual Q3 Q4 Q1 Q2 2022
Currency 96.53 96.43 96.64 96.85 97.06 97.49
Stock Market (points) 63090.80 61217 57793 54564 51516 45917

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.60 2.5 1.3 0.8 0.6 1.3
GDP Annual Growth Rate (%) 2.50 5 3.6 3.4 3 3.5
Unemployment Rate (%) 10.20 11.8 11.6 10.8 10.3 9.5
Inflation Rate (%) 50.20 53 53 45 30 25
Inflation Rate Mom (%) 3.20 3 3 3 2 2
Interest Rate (%) 38.00 38 38 38 36 34
Balance of Trade (USD Million) 1067.00 1050 200 1030 1000 1200
Current Account (USD Million) 690.19 -2500 -2750 -3200 -3500 -4000
Current Account to GDP (% of GDP) 1.00 2.3 2.3 1.3 1.3 1.3
Government Debt to GDP (% of GDP) 102.00 105 105 100 100 100
Government Budget (% of GDP) -8.50 -6.3 -6.3 -5 -5 -5
Consumer Confidence (points) 34.60 41 40 42 39 42
Corporate Tax Rate (%) 25.00 35 35 35 35 35
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 2.60 2.5 1.3 0.8 0.6 1.3
GDP Annual Growth Rate (%) 2.50 5 3.6 3.4 3 3.5
GDP (USD Billion) 383.10 425 425 437 437 437
GDP Constant Prices (ARS Million) 648176.00 645137 665280 670214 667621 688565
Gross Fixed Capital Formation (ARS Million) 129386.00 122338 133866 133785 133268 138551
GDP per capita (USD) 8692.71 9200 9200 9500 9500 9500
GDP per capita PPP (USD) 19686.52 21700 21700 22000 22000 22000
Economic Activity Index (%) 13.60 6 4 3.5 2.2 2.5
GDP From Agriculture (ARS Million) 39562.45 35000 35000 35000 35000 35000
GDP From Construction (ARS Million) 21196.48 18214 20802 21917 21832 21530
GDP From Manufacturing (ARS Million) 103274.40 111711 117121 106786 106373 121220
GDP From Mining (ARS Million) 19856.81 20150 19909 20532 20453 20606
GDP From Public Administration (ARS Million) 32024.79 31859 32336 33114 32986 33468
GDP From Services (ARS Million) 84351.97 86486 90276 87220 86883 93435
GDP From Transport (ARS Million) 47043.31 46992 46552 48643 48455 48181
GDP From Utilities (ARS Million) 12298.79 13317 12665 12717 12668 13108

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 10.20 11.8 11.6 10.8 10.3 9.5
Employed Persons (Thousand ) 11982.00 11200 11300 11300 11500 11500
Unemployed Persons (Thousand ) 1355.00 1430 1420 1400 1390 1370
Employment Rate (%) 41.60 40 40.1 40.3 40.8 41
Labor Force Participation Rate (%) 46.30 45.3 45.5 45.9 46 46
Wages (ARS/Month) 85949.00 65253 104822 87183 87238 106290
Minimum Wages (ARS/Month) 25920.00 24456 24492 24529 24565 24637
Population (Million) 45.38 45.8 45.85 46.3 46.3 46.3
Wage Growth (%) 4.74 1.7 1.4 1.4 1.5 1.4

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 50.20 53 53 45 30 25
Inflation Rate Mom (%) 3.20 3 3 3 2 2
Consumer Price Index CPI (points) 483.60 530 590 632 629 738
Producer Prices (points) 787.29 777 781 755 815 976
Export Prices (points) 170.60 166 160 157 155 150
Producer Prices Change (%) 69.00 47 27 6 3.5 25
CPI Housing Utilities (points) 420.29 526 568 563 546 711
Cpi Transportation (points) 533.88 546 619 670 694 773
Core Inflation Rate (%) 54.50 54 52 48 45 30
Food Inflation (%) 53.20 42 37 35 33 34
Inflation Expectations (Percent) 45.00 53 50 45 30 25

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 38.00 38 38 38 36 34
Money Supply M1 (ARS Million) 3678270.40 3304297 3316483 3328669 3340856 3365228
Interbank Rate (%) 31.72 31.34 31.34 31.34 31.34 29.34
Money Supply M2 (ARS Million) 5221606.90 4799054 4816326 4833598 4850871 4885415
Money Supply M3 (ARS Million) 62240.90 8290076 8318720 8347365 8376009 8433298
Deposit Interest Rate (%) 34.55 25 25 25 25 25
Central Bank Balance Sheet (USD Million) 15105636.23 15632436 15948515 16264595 16580675 17528914
Foreign Exchange Reserves (USD Million) 36955.00 35300 36500 38000 38000 40000

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 1067.00 1050 200 1030 1000 1200
Current Account (USD Million) 690.19 -2500 -2750 -3200 -3500 -4000
Current Account to GDP (% of GDP) 1.00 2.3 2.3 1.3 1.3 1.3
Imports (USD Million) 5909.00 4350 4200 4350 4500 4400
Exports (USD Million) 6976.00 5400 5600 5380 5500 5600
External Debt (USD Million) 269507.69 281500 283000 285000 280000 290000
Capital Flows (USD Million) 771.48 -2000 -2800 -2600 -2500 -3100
Foreign Direct Investment (USD Millions) 52.55 67 80 75 90 100
Tourist Arrivals 7551.00 45000 70000 115000 150000 170000
Gold Reserves (Tonnes) 61.74 62 62 63 63 63

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 102.00 105 105 100 100 100
Government Budget (% of GDP) -8.50 -6.3 -6.3 -5 -5 -5
Government Budget Value (ARS Million) 25713.60 10000 -18825 70000 80000 180000
Government Spending (ARS Million) 90357.00 95688 103054 93429 93068 106661
Government Revenues (ARS Million) 806798.30 770000 770000 780000 780000 800000
Military Expenditure (USD Million) 3143.00 3000 3000 3200 3200 3200
Tax Revenue (ARS Million) 922850.00 750000 750000 700000 690000 600000

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 25.00 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 (%) 37.40 37.4 37.4 37.4 37.4 37.4
Social Security Rate For Companies (%) 20.40 20.4 27 27 20.4 20.4
Social Security Rate For Employees (%) 17.00 17 17 17 17 17

Business Actual Q3 Q4 Q1 Q2 2022
Industrial Production (%) 30.20 5 3 2 1 2
Industrial Production Mom (%) -5.00 1.5 1.4 0.8 0.6 1.3
Capacity Utilization (%) 61.50 60 59 61 61 61
Changes in Inventories (ARS Million) -2299.00 22714 -7241 11160 -7120 3000
Car Production (Units) 40035.00 29000 29000 30800 31000 32000
Car Registrations (Thousand) 28.19 34 36 38 38 40
Leading Economic Index (%) 0.22 1.4 1.7 0.9 0.8 1.3

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 34.60 41 40 42 39 42
Retail Sales YoY (%) 729.00 35 10 8 6 5
Consumer Spending (ARS Million) 459514.00 431368 414613 475137 473299 429125
Households Debt To GDP (% of GDP) 5.60 5.2 5.2 5.4 5.4 5.4
Gasoline Prices (USD/Liter) 0.94 0.89 0.85 0.81 0.77 0.73

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (%) 6.40 2.3 3 2.2 1.9 1.5
Construction Output (%) 70.90 7 5.8 3 2.1 1.8
Building Permits (Thousands Square Metre) 819.23 700 720 750 730 770


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.