The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2022 was at about 12,703 USD per capita. GDP in Argentina, on the other hand, reached USD 13,651 per capita, or 631.13 billion USD for the whole country. Argentina is therefore currently ranked 24 of the major economies.
Inflation in Argentina in 2022 was around 94.80%. Within the EU, the average in the same year was 8.83 percent. In the United States, it was most recently 8.00%.
The index for perceived corruption in the public sector is 38, which is below average by global standards.
Impact of the COVID-19 pandemic
The consequences of the COVID pandemic in 2020 were considerable in Argentina. Overall, gross domestic product in 2020 fell from 447.75 billion US dollars to 385.54 billion US dollars. With a large drop of 13.89 percent, the economy in Argentina has struggled significantly more than other countries. The tourism sector alone slumped by around 70 percent. The unemployment rate rose from 9.8 to 11.5 percent. The country's gross debt fell by 2.3 percent. The inflation rate fell from 53.5 percent previously to 42.0 percent by the end of 2020.
There was already a recovery in 2021 and gross domestic product rose to 487.90 billion (=109.0% of 2019).
Economic performance 2022
| Indicator | Argentina Total | Argentina per capita | EU Total | EU per capita |
|---|---|---|---|---|
| GDP | 631.13 bn USD | 13,650.60 USD | 16.746 tn USD | 32,558.54 USD |
| Gross national product | 535.91 bn USD | 11,591.14 USD | 17.950 tn USD | 34,898.47 USD |
In the Global Innovation Index, Argentina ranked 69th in 2022 with 28.6 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points. The largest company in Argentina is YPF with a market capitalization of 3.31 billion dollars. It is the only company in the country to be included in the Forbes Global 2000 list in 2022. This independent list publishes the 2000 largest companies worldwide annually, with YPF Bank ranking 1608th last year.
Development of gross domestic product in billions of USD 1970 - 2022
Largest industries
- Food processing
- Motor vehicles
- Consumer durables
- Textiles
- Chemicals and petrochemicals
- Printing
- Metallurgy
- Steel
Imports and Exports 2022
| Indicator | Argentina Total | Argentina per capita | EU Total | EU per capita |
|---|---|---|---|---|
| Imports | 97.56 bn USD | 2,110.06 USD | 9.107 tn USD | 17,706.27 USD |
| Exports | 103.00 bn USD | 2,227.79 USD | 9.446 tn USD | 18,365.45 USD |
Development of imports and exports in billions of USD 1976 - 2022
Exports
Imports
Unemployment rates in percentages 1991 - 2022
Largest airports and airlines in ArgentinaThe 30 biggest airports in Argentina and 5 airlines with further information and data
Comparison of income tax by countryThis is how much income tax and social security contributions you pay in these 39 countries
List of the 13 current Pariah States13 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
