World Factbook

Argentina

República Argentina

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$115.69 billion (2023 est.)

expenditures

$139.037 billion (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$102.928 billion (2022 est.)

Exports 2023

$82.947 billion (2023 est.)

Exports 2024

$96.899 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$97.399 billion (2022 est.)

Imports 2023

$92.3 billion (2023 est.)

Imports 2024

$79.999 billion (2024 est.)

Industries

food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel

Labor force

22.286 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

Public debt 2016

55% of GDP (2016 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

0.2% of GDP (2022 est.)

Remittances 2023

0.2% of GDP (2023 est.)

Remittances 2024

0.2% of GDP (2024 est.)

Exchange rates

Currency

Argentine pesos (ARS) per US dollar -

Exchange rates 2020

70.539 (2020 est.)

Exchange rates 2021

94.991 (2021 est.)

Exchange rates 2022

130.617 (2022 est.)

Exchange rates 2023

296.258 (2023 est.)

Exchange rates 2024

914.695 (2024 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2023

$74.362 billion (2023 est.)

Economic overview

large diversified economy; financial risks from debt obligations, rapid inflation, and reduced investor appetites; resource-rich, export-led growth model; increasing trade relations with China; G20 and OAS leader; tendency to nationalize businesses and under-report inflation

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

6.9% (2022 est.)

Unemployment rate 2023

6.2% (2023 est.)

Unemployment rate 2024

7.9% (2024 est.)

Exports - partners

Brazil 18%, USA 9%, Chile 8%, China 8%, India 4% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

Brazil 23%, China 20%, USA 12%, Paraguay 5%, Germany 4% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$27,600 (2022 est.)

Real GDP per capita 2023

$27,100 (2023 est.)

Real GDP per capita 2024

$26,500 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

5.3% (2022 est.)

Real GDP growth rate 2023

-1.6% (2023 est.)

Real GDP growth rate 2024

-1.7% (2024 est.)

Agricultural products

maize, soybeans, sugarcane, wheat, milk, sunflower seeds, barley, beef, potatoes, chicken (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

soybean meal, corn, trucks, soybean oil, crude petroleum (2023)

note: top five export commodities based on value in dollars

Imports - commodities

soybeans, vehicle parts/accessories, refined petroleum, natural gas, cars (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

-$4.055 billion (2022 est.)

Current account balance 2023

-$20.956 billion (2023 est.)

Current account balance 2024

$6.285 billion (2024 est.)

Taxes and other revenues

10% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$633.267 billion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

68.1% (2024 est.)

government consumption

15% (2024 est.)

investment in inventories

-0.1% (2024 est.)

investment in fixed capital

15.8% (2024 est.)

exports of goods and services

15.3% (2024 est.)

imports of goods and services

-12.8% (2024 est.)

Population below poverty line

41.7% (2023 est.)

note: % of population with income below national poverty line

Average household expenditures

on food

23.1% of household expenditures (2023 est.)

on alcohol and tobacco

1.9% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2020

40.5% (2020 est.)

Inflation rate (consumer prices) 2021

47.1% (2021 est.)

Inflation rate (consumer prices) 2022

73.1% (2022 est.)

Industrial production growth rate

-7.2% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$1.255 trillion (2022 est.)

Real GDP (purchasing power parity) 2023

$1.234 trillion (2023 est.)

Real GDP (purchasing power parity) 2024

$1.213 trillion (2024 est.)

Youth unemployment rate (ages 15-24)

male

19.8% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

21.2% (2024 est.)

female

23% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2022

$44.795 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$23.081 billion (2023 est.)

Reserves of foreign exchange and gold 2024

$29.56 billion (2024 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

24% (2024 est.)

services

53.4% (2024 est.)

agriculture

6% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

1.9% (2023 est.)

highest 10%

31% (2023 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2023

42.4 (2023 est.)