An Overview of the Argentinian Economy

Flag of Argentina

Flag of Argentina

By: Donna Welles

Mauricio Macri is the President of Argentina and Michel Temer is the President of Brazil. Cristina Kirchner preceded Mauricio Macri and Dilma Rousseff preceded Michel Temer. Both Cristina Kirchner and Dilma Rousseff have been investigated by authorities for financial crimes. While Cristina Kirchner has not yet faced trial, Dilma Rousseff has been found guilty of financial crimes and she has been asked to leave public office.

Many countries in South America are experiencing trials where government officials are being charged with financial crimes. In Venezuela and in Brazil the supreme courts have become active in these investigations. It seems appropriate to review the report submitted by Argentina to the World Bank.

Argentina has reported fluctuating GDP values to the World Bank since 2011. In 2011 Argentina reported a GDP of $533b USD, in 2012 Argentina reported a GDP of $549b USD, in 2013 Argentina reported a GDP of $554b USD, in 2014 Argentina reported a GDP of $530b USD, and in 2015 Argentina reported a GDP of $583b USD. Total population in Argentina increased slightly from 42m people in 2011 to 43m people in 2015.

Trade balances holistically transitioned from a large trade surplus to a $3b USD net trade deficit. In 2006 Argentina reported a $12b USD trade surplus and that trade surplus was reduced to $2b USD by 2013. In 2014 Argentina reported a trade surplus of $3b USD but in 2015 Argentina reported a $3b USD net trade deficit. Both exports and imports fluctuate in Argentina. In 2006 Argentina reported $47b USD in exports and $34b USD in imports. In 2011 Argentina reported $83b USD in exports and $74b USD in imports. In 2015, Argentina reported $57b USD in exports and $60b USD in imports.

Unemployment in Argentina was down to 7.3% in 2014 from 8.5% in 2007. Fertility rates have decreased since 2007 from 2.4 births per woman in 2007 to 2.3 births per woman in 2014. Buenos Aires is the capital and largest city in Argentina. The population of Buenos Aires was 14m people in 2007 and in 2015 it was 15m people. Argentina has enjoyed a slight improvement in life expectancy since 2007 when  it was 75 years. Argentinians in 2014 enjoyed a life expectancy of 76 years.

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