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Economy of Argentina

Population: 41 million in 2013¹

GDP: $610 billion in 2013²

GDP per capita: $14,715 nominal in 2013³

GDP growth rate: 2.9% in 2013⁴

Industries

GDP by Industry 2012⁵

Industry sector	Value added ($ billions) 2012	Percent of total
Other activities	146	35.5%
Manufacturing	85	20.6%
Wholesale, retail trade, restaurants and hotels	62	15.1%
Agriculture, hunting, forestry, fishing	43	10.6%
Transport, storage and communication	33	8.0%
Construction	24	5.7%
Mining and utilities	18	4.5%
Total value added	410	100%

Employment

Unemployment rate: 7.5% in 2013⁶

Employment by Industry 2013⁷

Employment sector	Employees (thousands) 2013	Percent of total
Wholesale trade, retail trade and repair of motor vehicles	1,993	18.2%
Manufacturing	1,446	13.2%
Construction	982	9.0%
Public administration and defence	926	8.5%
Education	865	7.9%
Activities of households as employers	799	7.3%
Transportation and storage	645	5.9%
Human health and social work	607	5.5%
Professional, scientific and technical	462	4.2%
Other service	455	4.2%
Accommodation and food service	383	3.5%
Administrative and support service	378	3.5%
Information and communication	233	2.1%
Finance and insurance	211	1.9%
Arts, entertainment and recreation	191	1.7%
Not elsewhere classified	89	0.8%
Water supply, sewerage and waste management	83	0.8%
Agriculture, forestry and fishing	67	0.6%
Mining and quarrying	47	0.4%
Electricity, gas, steam and air conditioning	41	0.4%
Real estate	38	0.3%
Total employment	10,943	100%

Corporations

Top 10 Corporations by Revenue 2013⁸

N/A

Households

Household Wealth: $301 billion (49% of GDP) in 2014⁹

Household Wealth per Adult: $10,561 in 2014⁹

Gini Coefficient: .458 in 2009¹⁰

Government

Central Government

Central Government Revenue: $130 billion (21% of GDP) in 2013¹¹

Central Government Expenditure: $145 billion (24% of GDP) in 2013¹¹

Central Government Budget Balance: -$15 billion (-3% of GDP) in 2013¹¹

Central Government Public Debt: $104 billion (17% of GDP) in Q2 2014* ¹²

Central Government 10 Year Bond Interest Rate: N/A

* Public debt calculated using the exchange rate 8.591 ARS = 1 USD

Government Funds

N/A

Tax Structure

Personal Income Tax Rates and Thresholds in 2013*¹³

9%: $0-$1,164
14% $1,164-$2,328
19% $2,328-$3,492
23% $3,492-$6,984
27% $6,984-$10,476
31% $10,476-$13,968
35% $13,968+

Corporate Tax Rate: 35% in 2014¹⁴

* Individual thresholds calculated using the exchange rate 8.591 ARS = 1 USD

Monetary Policy

Money Supply (M0): $48 billion (8% of GDP) in Nov 2014*¹⁵

Benchmark Interest Rate: Reverse Repo 1 day = 13.0% on Jan 2, 2015¹⁶

Total Reserves: $31 billion (6% of GDP) in 2013¹⁷

Exchange Rate: 8.591 Argentine Pesos = 1 U.S. Dollar on Jan 14, 2015¹⁸

Inflation: 18.2% in 2013¹⁹

* Money supply calculated using the exchange rate of 8.591 ARS = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2014²⁰

Rank	Financial Institution	Assets ($ billions) Jun 2014
1	Banco de la Nacion Argentina	35
2	Banco Provincia	12
3	Banco Galicia	12
4	Banco Santander Rio	10
5	Banco Macro	9
6	BBVA Banco Frances	8
7	HSBC Argentina	6
8	Banco San Juan	5
9	Banco Credicoop	5
10	Banco Ciudad	5

International Accounts

Exports: $85 billion (14% of GDP) in 2013²¹

Imports: $71 billion (12% of GDP) in 2013²¹

Trade Balance: +$14 billion (+2% of GDP) in 2013²¹

Foreign Direct Investment Inflow: $9.1 billion (1% of GDP) in 2013²²

Foreign Direct Investment Outflow: $1.2 billion (0.2% of GDP) in 2013²²

Foreign Aid Inflow: $179 million (0.03%) in 2012²³

Foreign Aid Outflow: N/A

References