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Argentina
Argentina
HistorySaid – pattern
Argentina matched the Orthodox Tightening Cycle pattern in 2024. 20 pattern matches detected historically. View →
HistorySaid – ranking
Argentina ranks 168th globally by GDP ($638.4B in 2024). View →
HistorySaid – inflation
Inflation in Argentina rose from 133.5% (2023) to 219.9% (2024) – a 86.4pp shift. View →
HistorySaid – population
Argentina has a population of 45.7 million as of 2024 (growth: 0.35%). View →
Economy & Growth
GDP $638.4B
GDP per Capita $13,970
GDP Growth -1.34%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 6.54% | 5.85% | 5.81% | 5.60% Trend | 5.35% Trend | 5.10% Trend | – | – | – |
| GDP | $634.0B | $649.5B | $638.4B | $683.4B IMF WEO Oct 2025 | $667.9B IMF WEO Oct 2025 | $710.4B IMF WEO Oct 2025 | $754.3B IMF WEO Oct 2025 | $798.7B IMF WEO Oct 2025 | $842.6B IMF WEO Oct 2025 |
| GDP Deflator | 68.99% | 136.74% | 207.61% | 226.84% Trend | 268.64% Trend | 310.44% Trend | – | – | – |
| GDP Growth | 6.02% | -1.86% | -1.34% | 4.47% IMF WEO Oct 2025 | 3.99% IMF WEO Oct 2025 | 3.97% IMF WEO Oct 2025 | 3.85% IMF WEO Oct 2025 | 3.62% IMF WEO Oct 2025 | 3.21% IMF WEO Oct 2025 |
| GDP PPP | $1.35T | $1.38T | $1.39T | $1.49T IMF WEO Oct 2025 | $1.58T IMF WEO Oct 2025 | $1.67T IMF WEO Oct 2025 | $1.76T IMF WEO Oct 2025 | $1.86T IMF WEO Oct 2025 | $1.95T IMF WEO Oct 2025 |
| GDP per Capita | $13,962 | $14,262 | $13,970 | $14,359 IMF WEO Oct 2025 | $13,895 IMF WEO Oct 2025 | $14,633 IMF WEO Oct 2025 | $15,382 IMF WEO Oct 2025 | $16,126 IMF WEO Oct 2025 | $16,845 IMF WEO Oct 2025 |
| GDP per Capita PPP | $29,809 | $30,221 | $30,431 | $31,311 IMF WEO Oct 2025 | $32,818 IMF WEO Oct 2025 | $34,349 IMF WEO Oct 2025 | $35,891 IMF WEO Oct 2025 | $37,467 IMF WEO Oct 2025 | $39,004 IMF WEO Oct 2025 |
| GNI | $622.3B | $635.5B | $625.2B | $744.6B Trend | $810.4B Trend | $876.2B Trend | – | – | – |
| GNI per Capita | $11,890 | $12,920 | $13,530 | $15,039 Trend | $16,222 Trend | $17,405 Trend | – | – | – |
| Gross Savings | 16.84% | 16.23% | 16.70% | 13.58% IMF WEO Oct 2025 | 17.13% IMF WEO Oct 2025 | 18.50% IMF WEO Oct 2025 | 19.93% IMF WEO Oct 2025 | 21.21% IMF WEO Oct 2025 | 22.06% IMF WEO Oct 2025 |
| Industry Value Added | 24.11% | 25.17% | 24.00% | 25.29% Trend | 25.78% Trend | 26.26% Trend | – | – | – |
| Services Value Added | 53.53% | 53.20% | 53.65% | 53.00% Trend | 52.80% Trend | 52.59% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 219.88%
PPP Conversion Factor 419.90
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | – | – | – | – | – | – | – | – | – |
| Inflation Rate | 72.43% | 133.49% | 219.88% | 41.26% IMF WEO Oct 2025 | 16.38% IMF WEO Oct 2025 | 8.55% IMF WEO Oct 2025 | 7.47% IMF WEO Oct 2025 | 7.50% IMF WEO Oct 2025 | 7.50% IMF WEO Oct 2025 |
| PPP Conversion Factor | 61.18 | 139.81 | 419.90 | 403.43 Trend | 492.13 Trend | 580.84 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 45.7M
Population Growth 0.35%
Population Density 16.6
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 11.1 | – | – | 9.3 Trend | 8.6 Trend | – | – |
| Death Rate | 7.7 | – | – | 8.6 Trend | 8.6 Trend | – | – |
| Dependency Ratio | 52.42 | 51.56 | – | 50.70 Trend | 49.83 Trend | 48.96 Trend | – |
| Fertility Rate | 1.50 | – | – | 1.26 Trend | 1.17 Trend | – | – |
| Life Expectancy | 77.4 | – | – | 76.4 Trend | 76.5 Trend | – | – |
| Net Migration | 4,133 | 3,454 | 2,859 | – | 4,156 Trend | 4,452 Trend | 4,747 Trend |
| Population | 45.5M | 45.7M | – | 45.8M Trend | 45.9M Trend | 46.0M Trend | – |
| Population Density | 16.6 | – | – | 16.7 Trend | 16.8 Trend | – | – |
| Population Growth | 0.29% | 0.35% | – | 0.24% Trend | 0.22% Trend | 0.19% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 92.19% | 92.27% | – | 92.36% Trend | 92.44% Trend | 92.52% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 7.15%
Youth Unemployment 19.19%
Labor Force Participation 61.91%
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Employment | 7.37% | 7.25% | 7.00% | – | 6.84% Trend | 6.66% Trend | 6.48% Trend | – | – |
| Female Labor Participation | 52.96% | 52.28% | 52.47% | – | 53.42% Trend | 53.90% Trend | 54.38% Trend | – | – |
| Industry Employment | 21.41% | 21.11% | 21.18% | – | 21.48% Trend | 21.62% Trend | 21.76% Trend | – | – |
| Labor Force Participation | 62.29% | 61.86% | 61.91% | – | 62.63% Trend | 62.98% Trend | 63.32% Trend | – | – |
| Services Employment | 71.22% | 71.64% | 71.81% | – | 71.68% Trend | 71.72% Trend | 71.76% Trend | – | – |
| Unemployment Rate | 6.14% | 7.15% | 7.15% | 7.50% IMF WEO Oct 2025 | 6.63% IMF WEO Oct 2025 | 6.50% IMF WEO Oct 2025 | 6.50% IMF WEO Oct 2025 | 6.50% IMF WEO Oct 2025 | 6.50% IMF WEO Oct 2025 |
| Youth Unemployment | 17.95% | 19.23% | 19.19% | – | 17.30% Trend | 16.49% Trend | 15.67% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 9.93%
Government Spending 21.01%
Military Spending 0.62%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -3.84% | -5.33% | 0.46% | 0.39% IMF WEO Oct 2025 | 0.34% IMF WEO Oct 2025 | 0.80% IMF WEO Oct 2025 | 0.94% IMF WEO Oct 2025 | 0.90% IMF WEO Oct 2025 | 0.79% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 84.30% | 154.60% | 84.65% | 78.84% IMF WEO Oct 2025 | 73.55% IMF WEO Oct 2025 | 68.86% IMF WEO Oct 2025 | 65.48% IMF WEO Oct 2025 | 61.57% IMF WEO Oct 2025 | 58.32% IMF WEO Oct 2025 |
| Government Revenue | 33.81% | 32.31% | 31.48% | 32.18% IMF WEO Oct 2025 | 33.14% IMF WEO Oct 2025 | 33.55% IMF WEO Oct 2025 | 33.87% IMF WEO Oct 2025 | 33.79% IMF WEO Oct 2025 | 33.65% IMF WEO Oct 2025 |
| Government Spending | 21.87% | 21.01% | – | 20.32% Trend | 19.71% Trend | – | – | – | – |
| Health Spending | 10.16% | 10.27% | – | 10.36% Trend | 10.34% Trend | – | – | – | – |
| Military Spending | 0.68% | 0.76% | 0.62% | 0.65% Trend | 0.64% Trend | 0.63% Trend | – | – | – |
| Tax Revenue | 11.06% | 9.93% | – | 10.46% Trend | 10.40% Trend | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $242.4B
External Debt to GNI 39.06%
Short-term Debt 20.05%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Debt Service | 31.68% | 51.36% | 38.25% | 42.32% Trend | 43.43% Trend | 44.54% Trend |
| Domestic Credit | 41.46% | 78.92% | 39.71% | 57.14% Trend | 59.74% Trend | 62.35% Trend |
| External Debt | $249.0B | $252.8B | $242.4B | $243.2B Trend | $241.2B Trend | $239.3B Trend |
| External Debt to GNI | 40.08% | 39.95% | 39.06% | 26.84% Trend | 19.86% Trend | 12.89% Trend |
| Interest Payments to Revenue | 9.47% | 8.60% | – | 1.91% Trend | -0.44% Trend | – |
| Short-term Debt | 19.82% | 21.80% | 20.05% | 22.46% Trend | 23.54% Trend | 24.61% Trend |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 61.71%
Deposit Rate 54.25%
Real Interest Rate -47.43%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 12.89% | 15.36% | 15.12% | 14.73% Trend | 14.81% Trend | 14.89% Trend |
| Deposit Rate | 52.42% | 95.00% | 54.25% | 86.30% Trend | 97.43% Trend | 108.56% Trend |
| Lending Rate | 52.40% | 95.89% | 61.71% | 92.48% Trend | 104.98% Trend | 117.48% Trend |
| M2 Money Supply Growth | 87.69% | 158.55% | 123.09% | 163.63% Trend | 185.71% Trend | 207.79% Trend |
| Non-Performing Loans | 3.09% | 3.55% | – | 2.01% Trend | 1.48% Trend | – |
| Real Interest Rate | -9.82% | -17.25% | -47.43% | -44.30% Trend | -52.79% Trend | -61.29% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 914.69
Real Effective Exchange Rate 126.81
Foreign Reserves $29.6B
▾
| Indicator | 2024 | 2025 | 2026 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|---|---|
| Exchange Rate | 914.69 | – | – | 868.29 Trend | 1,057.25 Trend | 1,246.21 Trend | – | – |
| Foreign Reserves | $29.6B | – | – | $24.4B Trend | $20.8B Trend | $17.2B Trend | – | – |
| Real Effective Exchange Rate | 129.72 | 134.84 | 126.81 | – | – | 132.04 Trend | 133.18 Trend | 134.31 Trend |
| Reserves in Months of Imports | 3.6 | – | – | 1.6 Trend | 0.6 Trend | -0.4 Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $96.9B
Imports $80.3B
Trade Balance $16.4B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -0.63% | -3.20% | 0.89% | -1.18% IMF WEO Oct 2025 | -0.39% IMF WEO Oct 2025 | -0.16% IMF WEO Oct 2025 | -0.18% IMF WEO Oct 2025 | 0.04% IMF WEO Oct 2025 | 0.30% IMF WEO Oct 2025 |
| Exports | $103.2B | $83.6B | $96.9B | $105.4B Trend | $111.5B Trend | $117.6B Trend | – | – | – |
| FDI Inflows | 2.40% | 3.81% | 1.82% | 3.20% Trend | 3.56% Trend | 3.91% Trend | – | – | – |
| FDI Outflows | 0.33% | 0.47% | 0.43% | 0.49% Trend | 0.53% Trend | 0.57% Trend | – | – | – |
| Imports | $97.5B | $92.4B | $80.3B | $101.7B Trend | $109.3B Trend | $116.9B Trend | – | – | – |
| Remittances Received | $1.1B | $1.0B | $1.0B | $1.2B Trend | $1.3B Trend | $1.4B Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $6.2B | $-6.7B | $16.4B | $4.9B Trend | $3.7B Trend | $2.5B Trend | – | – | – |
| Trade Openness | 31.58% | 26.68% | 27.93% | 26.61% Trend | 25.51% Trend | 24.42% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 8.35%
Stock Turnover Ratio 15.03%
Listed Companies 85
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | -0.02% | 0.90% | 7.46% | 6.18% Trend | 7.55% Trend | 8.92% Trend |
| Listed Companies | – | – | – | – | – | – |
| Market Capitalization | 8.35% | – | – | 8.05% Trend | – | – |
| Stock Turnover Ratio | 15.03% | – | – | 13.98% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability -0.13
Government Effectiveness -0.38
Regulatory Quality -0.48
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -0.42 | -0.45 | -0.36 | -0.62 Trend | -0.70 Trend |
| Government Effectiveness | -0.39 | -0.28 | -0.38 | -0.50 Trend | -0.56 Trend |
| Political Stability | 0.00 | -0.10 | -0.13 | -0.11 Trend | -0.12 Trend |
| Regulatory Quality | -0.63 | -0.70 | -0.48 | -0.66 Trend | -0.68 Trend |
| Rule of Law | -0.48 | -0.48 | -0.41 | -0.44 Trend | -0.44 Trend |
| Voice and Accountability | 0.61 | 0.55 | 0.53 | 0.52 Trend | 0.51 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $1,457
Infant Mortality Rate 8.2
Maternal Mortality Ratio 33.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $1,182 | $1,416 | $1,457 | $1,756 Trend | $1,897 Trend |
| Hospital Beds | 3.34 | 3.36 | – | 2.95 Trend | – |
| Infant Mortality Rate | 8.5 | 8.3 | 8.2 | 7.8 Trend | 7.6 Trend |
| Maternal Mortality Ratio | 76.00 | 39.00 | 33.00 | 42.00 Trend | 41.30 Trend |
| Physicians | 5.38 | 5.44 | 5.11 | 5.23 Trend | 5.22 Trend |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 99.14%
Tertiary Enrollment 107.82%
Education Spending 5.90%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Education Spending | 4.65% | 4.79% | 5.90% | 5.79% Trend | 5.96% Trend |
| Literacy Rate | – | – | – | – | – |
| Primary Enrollment | 108.14% | 106.76% | 102.54% | 100.92% Trend | 99.38% Trend |
| Tertiary Enrollment | 107.22% | 107.10% | 107.82% | 116.54% Trend | 119.84% Trend |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 9.20%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 100.00% | 100.00% | 100.00% | 100.00% Trend | 100.00% Trend |
| Energy Use per Capita | 1,742 | 1,809 | 1,832 | 1,874 Trend | 1,904 Trend |
| Forest Area | 10.40% | 10.36% | 10.32% | 10.24% Trend | 10.20% Trend |
| Renewable Energy | 9.20% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 89.67%
Mobile Subscriptions 137.71
R&D Spending 0.55%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 4.75% | 5.45% | 3.85% | 3.55% Trend | 3.04% Trend | 2.54% Trend |
| Internet Users | 88.38% | 89.23% | 89.67% | 91.10% Trend | 92.14% Trend | 93.18% Trend |
| Mobile Subscriptions | 131.48 | 137.71 | – | 143.25 Trend | 146.76 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | 0.55% | – | – | 0.60% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 42.4
Poverty Rate 1.00%
Income Share Top 10% 31.20%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Gini Index | 40.7 | 42.4 | 42.4 | 41.9 Trend | 41.9 Trend | 41.8 Trend |
| Income Share Bottom 10% | 2.00% | 1.90% | 1.90% | 2.01% Trend | 2.06% Trend | 2.11% Trend |
| Income Share Top 10% | 29.80% | 31.00% | 31.20% | 31.06% Trend | 31.16% Trend | 31.26% Trend |
| Poverty Rate | 1.30% | 1.20% | 1.00% | 0.64% Trend | 0.38% Trend | 0.12% Trend |
Italic values are IMF World Economic Outlook projections.