Argentina

Description of Argentina

Argentina, a vast and diverse country in South America, holds a unique position in the global landscape with its rich cultural heritage, thriving agricultural sector, and turbulent political history. From the bustling streets of Buenos Aires to the serene landscapes of Patagonia, Argentina captivates visitors with its natural beauty and vibrant energy. As the eighth-largest country in the world, Argentina faces a myriad of challenges and opportunities that shape its economic and social development. Through a deep dive into its macroeconomic indicators, geopolitical positioning, and historical context, we aim to provide valuable insights into Argentina's journey towards stability, growth, and prosperity.

Population And Age Structure

Population, total: Argentina's population of 45,376,763 is above the average population of 40,097,746. Argentina ranks 31st out of 194 countries in total population.

Population ages 0-14 (% of total population): Argentina's percentage of population aged 0-14, at 23.66%, is below the average of 27.34%. Argentina is ranked 109th out of 194 countries in this demographic.

Population ages 0-14, total: With a total of 10,734,508 children aged 0-14, Argentina surpasses the average of 10,327,380. Argentina ranks 41st out of 194 countries for this age group.

Population ages 15-64 (% of total population): Argentina's percentage of population aged 15-64, at 64.62%, exceeds the average of 63.44%. The country is ranked 97th out of 194 nations in this demographic.

Population ages 15-64, total: Argentina's 29,320,716 working-age population is higher than the average of 26,003,407. Argentina ranks 32nd out of 194 countries in this category.

Population ages 65 and above (% of total population): Argentina's percentage of population aged 65 and above, at 11.73%, is higher than the average of 9.22%. The country is ranked 63rd out of 194 nations for this demographic.

Population ages 65 and above, total: Argentina's total of 5,321,539 elderly population exceeds the average of 3,766,959. Argentina ranks 26th out of 194 countries for this age group.

Summary

Argentina has a total population above the global average, with a significant portion in the working-age bracket. However, the percentage of children aged 0-14 is below average, while the elderly population percentage is higher than average. These demographic indicators are crucial for policymakers to understand the country's dependency ratio, healthcare and social security needs, and potential future labor force trends.

Population Miscellaneous

Argentina's rural population is 3,579,773, significantly below the average of 18,044,041. Argentina is ranked 85th out of 190 countries in terms of rural population.

The percentage of Argentina's total population living in rural areas is 7.889%, much lower than the average of 41.158%. Argentina is ranked 182nd out of 190 countries in this regard.

Argentina's urban population is 41,796,990, notably higher than the average of 22,425,747. Argentina is ranked 22nd out of 194 countries in urban population.

With 92.111% of its population residing in urban areas, Argentina exceeds the average urban population percentage of 59.691%. The country ranks 13th out of 194 countries in this category.

Argentina's age dependency ratio, at 54.76% of the working-age population, is slightly below the average of 59.22%. The country ranks 98th out of 194 countries in this metric.

Argentina's crude birth rate is 14.125 per 1,000 people, lower than the average of 19.384. This places Argentina 115th out of 192 countries in terms of birth rate.

In terms of the crude death rate, Argentina's rate is 8.509 per 1,000 people, slightly above the average of 8.214. Argentina ranks 73rd out of 192 countries in this aspect.

Argentina's total fertility rate is 1.911 births per woman, lower than the average rate of 2.603. The country is ranked 109th out of 190 countries based on fertility rate.

Summary

Argentina has a relatively low rural population compared to the global average, but a high urban population percentage, indicating a significant urbanization trend. The country also displays a below-average age dependency ratio and favorable birth and death rates, suggesting a relatively stable demographic outlook. These indicators are crucial for policymakers and investors to understand Argentina's demographic landscape, plan infrastructure development, and forecast future economic trends.

Military

Argentina's military expenditure in current USD is $2,830,929,705.22, which is below the average of $12,904,993,617.17. Argentina ranks 50th out of 149 countries in this attribute.

The country's military expenditure as a percentage of GDP is 0.73%, lower than the average of 1.90%. Argentina is ranked 131st out of 148 countries in this category.

Argentina's arms imports stand at $7,000,000, significantly lower than the average of $205,522,123.89. The country ranks 88th out of 113 countries in this aspect.

Argentina has a total of 103,000 armed forces personnel, lower than the average of 165,908.54 personnel. The country ranks 53rd out of 164 countries in this metric.

Regarding the percentage of armed forces personnel in the total labor force, Argentina's rate is 0.53%, below the average of 1.28%. The country ranks 108th out of 164 countries in this category.

Summary

Argentina's military expenditure, as a percentage of GDP, arms imports, number of armed forces personnel, and percentage of armed forces personnel in the total labor force all fall below global averages. This indicates that Argentina's military capabilities and spending in relation to its economy and population size are relatively lower compared to other countries. These indicators are important as they reflect Argentina's priorities in national defense spending, its military capacity, and its strategic positioning in the global security landscape.

Natural Resources

Argentina's forest area spans 285,730 sq. km, which is above the average of 211,606. Argentina ranks 20th out of 191 countries in this category.

The land area in Argentina covers 2,736,690 sq. km, significantly surpassing the average of 665,166 sq. km. Argentina holds the 8th position out of 194 countries in land area.

Argentina's surface area extends over 2,780,400 sq. km, well exceeding the average of 689,779 sq. km. The country ranks 8th out of 194 nations in surface area.

With 42,008,759.7 hectares of arable land, Argentina exceeds the average of 7,329,543.16 hectares. The country is positioned 6th out of 190 countries in terms of arable land.

Argentina's land under cereal production spans 16,595,690 hectares, surpassing the average of 4,206,011.63 hectares. The country ranks 7th out of 174 nations in this aspect.

Receiving an average annual precipitation depth of 591 mm, Argentina falls below the average of 1,157.83 mm. The country is ranked 131st out of 178 countries in precipitation depth.

Argentina's renewable internal freshwater resources total 292 billion cubic meters, slightly above the average of 240.41 billion cubic meters. In this category, Argentina holds the 26th position out of 178 countries.

Summary

Argentina is a country with vast natural resources, including abundant forest area, extensive land area, and significant arable land. It ranks highly globally in terms of land resources, such as land area, surface area, arable land, and land under cereal production. However, there are areas of concern, such as below-average precipitation depth, which could impact agricultural productivity. Understanding and efficiently utilizing these resources are crucial for Argentina's economic development, particularly in the agricultural sector, and for ensuring environmental sustainability.

Resource Rents

Argentina's total natural resources rents account for 1.43% of its GDP, which is below the average of 4.63%. This places Argentina at rank 91 out of 175 countries.

Coal rents in Argentina contribute only 0.0001% of its GDP, significantly lower than the average of 0.40%. Argentina holds a rank of 63 out of 65 countries in this aspect.

Forest rents make up 0.20% of Argentina's GDP, well below the average of 1.53%. Argentina ranks 95th out of 174 countries.

Argentina's oil rents stand at 0.68% of its GDP, lower than the average of 2.51%. This places Argentina at rank 39 out of 117 countries.

The contribution of natural gas rents to Argentina's GDP is 0.30%, falling below the average of 1.25%. Argentina ranks 37th out of 96 countries in this aspect.

Mineral rents in Argentina represent 0.26% of its GDP, which is lower than the average of 1.23%. Argentina holds a rank of 42 out of 86 countries in mineral rents.

Summary

Argentina's natural resources rents, including coal, forest, oil, natural gas, and mineral rents, are all below global averages in terms of contribution to its GDP. This indicates that Argentina may not be fully capitalizing on its natural resource wealth compared to other countries. The low rankings in various natural resource sectors suggest a potential opportunity for Argentina to further develop and optimize its extraction and utilization of these resources to boost economic growth and competitiveness on a global scale.

Commodities

Argentina's cereal production of 85,702,826.46 metric tons is well above the average of 17,249,945.93 metric tons, ranking 6th out of 174 countries.

Aquaculture production in Argentina is 2084.5 metric tons, significantly below the average of 679,642.92 metric tons, placing Argentina 111th out of 180 countries.

Argentina's capture fisheries production of 837,589.49 metric tons surpasses the average of 467,453.06 metric tons, ranking 20th out of 190 countries.

With a total fisheries production of 839,673.99 metric tons, Argentina falls below the average of 1,153,914.85 metric tons, standing at the 30th position out of 182 countries.

Argentina's fertilizer consumption of 55.16 kilograms per hectare of arable land is lower than the average of 159.04 kilograms per hectare, placing Argentina at the 116th rank out of 187 countries.

Summary

Argentina stands out in cereal and fisheries production, ranking 6th and 20th globally, respectively. However, the country lags behind in aquaculture production, ranking 111th. Particularly noteworthy is Argentina's low fertilizer consumption compared to the global average, ranking at 116th place. These indicators are crucial as they highlight Argentina's strengths in certain sectors but also underscore the need for improvement in others, such as aquaculture and efficient fertilizer use for sustainable agricultural practices.

Intellectual Property

Argentina's industrial design applications by nonresidents are below the average among 112 countries, ranking 27th. Its resident industrial design applications are also below average, ranking 25th out of 113 countries.

For patent applications, Argentina's nonresident applications are below average among 129 countries, placing 22nd. Resident patent applications are notably below the average, ranking 34th out of 117 countries.

Argentina's applications for trademarks by nonresidents are below average among 130 countries, ranking 31st. Meanwhile, resident trademark applications are significantly below the average, ranking 19th out of 129 countries.

The country's scientific and technical journal article output is below average among 192 countries, ranking 41st. This indicates a lower publication rate compared to other nations.

Regarding intellectual property charges, Argentina's payments are below average, ranking 37th among 143 countries. In contrast, the country's receipts from intellectual property use are significantly below average, ranking also 37th out of 122 countries.

In terms of researchers in R&D per million people, Argentina falls below average among 72 countries, ranking 43rd. This suggests a relatively lower investment in research and development compared to its peers.

Summary

Argentina lags behind in various key macroeconomic indicators such as industrial design applications, patent applications, trademark applications, scientific and technical journal article output, intellectual property charges, receipts from intellectual property use, and researchers in R&D per million people. These indicators point to a lower level of innovation and investment in research and development compared to many other countries, which could hinder Argentina's competitiveness and economic growth in the long term.

Broad Economy Attributes

Argentina's GDP (current US$) is $385.74 billion, ranking 29th out of 189 countries. This is below the average GDP of $442.87 billion.

Argentina's GDP, PPP (current international $) is $943.73 billion, ranking 28th out of 181 countries. This is above the average GDP, PPP of $734.14 billion.

Argentina's GDP per capita (current US$) is $8500.84, ranking 74th out of 190 countries. This is below the average GDP per capita of $15462.11.

Argentina's GDP per capita, PPP (current international $) is $20797.73, ranking 62nd out of 181 countries. This is slightly below the average GDP per capita, PPP of $21251.89.

Argentina's GNI (current US$) is $375.34 billion, ranking 31st out of 185 countries. This is below the average GNI of $452.04 billion.

Argentina's GNI, PPP (current international $) is $918.30 billion, ranking 29th out of 181 countries. This is above the average GNI, PPP of $730.70 billion.

Argentina's GNI per capita, PPP (current international $) is $20240, ranking 62nd out of 181 countries. This is slightly below the average GNI per capita, PPP of $20615.75.

Summary

Argentina's GDP and GNI are below the global average, indicating a lower economic output compared to the average of countries surveyed. However, Argentina's GDP and GNI per capita, both in current US dollars and PPP, are also below average. This signifies that despite the lower economic output, the income generated is still relatively lower on a per capita basis compared to the average. These statistics are crucial as they highlight Argentina's position in the global economy, showing areas where the country may need to focus on improving to enhance economic development and increase the standard of living for its citizens.

Broad Value Added

Argentina's Gross Value Added at basic prices (GVA) is $322.57 billion, ranking 32nd out of 176 countries, below the average of $360.07 billion.

The country's Agriculture, forestry, and fishing value added as a percentage of GDP is 6.36%, ranking 101st out of 182 countries, below the average of 10.86%.

Argentina's Agriculture, forestry, and fishing value added in current US dollars is $24.52 billion, ranking 27th out of 182 countries, which is above the average of $19.92 billion.

Services value added as a percentage of GDP in Argentina is 54.86%, ranking 97th out of 183 countries, slightly below the average of 56.72%.

Argentina's Services value added in current US dollars is $211.61 billion, ranking 33rd out of 183 countries, below the average of $295.84 billion.

The country's Industry (including construction) value added in current US dollars is $86.44 billion, placing Argentina 36th out of 183 countries, below the average of $118.42 billion.

Summary

Argentina's economy demonstrates strengths in the agriculture sector with a high value added in current US dollars and a decent contribution to GDP. However, the services sector, while significant in overall GDP percentage, falls below the global average in terms of value added in current US dollars. The industry sector also lags behind the average, indicating potential areas for growth and development.

These statistics are important as they indicate where Argentina stands in comparison to other countries globally. They highlight the country's economic strengths in agriculture but also point towards areas that may require attention and investment to enhance competitiveness and overall economic performance.

Manufacturing Value Added

Argentina's manufacturing value added in current US dollars is $56,281,582,711.35, ranking 33 out of 173 countries. This is below the average manufacturing value added of $76,207,179,589.66.

The country's manufacturing value added as a percentage of GDP is 14.59%, higher than the average of 11.90%. Argentina ranks 55 out of 173 countries in this aspect.

Argentina's medium and high-tech manufacturing value added as a percentage of total manufacturing value added is 26.75%, slightly above the average of 24.49%. The country ranks 62 out of 149 countries.

With chemicals contributing 13.94% to its manufacturing value added, Argentina ranks 24 out of 89 countries. This is higher than the average of 11.56%.

Food, beverages, and tobacco make up 31.80% of Argentina's manufacturing value added, ranking 26 out of 92 countries. This is above the average contribution of 24.51%.

Argentina's machinery and transport equipment sector constitutes 11.06% of its manufacturing value added, below the average of 16.85%. The country ranks 57 out of 93 countries in this category.

The textiles and clothing industry contributes 4.29% to Argentina's manufacturing value added, ranking 39 out of 93 countries. This is below the average contribution of 6.33%.

Other manufacturing sectors contribute 38.92% to Argentina's manufacturing value added, ranking 53 out of 94 countries. This is slightly below the average contribution of 42.13%.

Summary

Argentina's manufacturing sector plays a significant role in its economy, with a total manufacturing value added slightly below the global average but a higher percentage contribution to its GDP than most countries. The country excels in sectors such as chemicals and food, beverages, and tobacco, outperforming the global averages in both. However, there is room for improvement in sectors like machinery and transport equipment, where Argentina falls below the average.

These findings are important as they provide insight into Argentina's industrial strengths and weaknesses, guiding policymakers and investors towards areas of potential growth and development. By focusing on enhancing sectors with below-average contributions, Argentina can further diversify and strengthen its manufacturing base, leading to increased economic resilience and competitiveness in the global market.

Money

- Inflation, GDP deflator (annual %): Argentina's inflation rate of 40.08% is significantly higher than the average of 6.90%. Argentina ranks 7th out of 188 countries in this attribute.
- Broad money growth (annual %): Argentina's broad money growth rate of 66.43% is much higher than the average of 18.03%. Argentina ranks 3rd out of 139 countries in this attribute.
- Broad money (% of GDP): Argentina's broad money as a percentage of GDP is 34.47%, below the average of 71.75%. Argentina ranks 112th out of 139 countries in this attribute.
- Broad money to total reserves ratio: Argentina's ratio of broad money to total reserves is 3.37, below the average of 5.17. Argentina ranks 49th out of 126 countries in this attribute.

Summary

Argentina displays concerning macroeconomic indicators, with significantly high inflation and broad money growth rates, along with a relatively low broad money percentage of GDP and broad money to total reserves ratio. These indicators suggest potential economic instability, as high inflation can erode purchasing power, excessive money growth can lead to currency devaluation, and low broad money ratios can indicate financial vulnerability.

Consumption Expenditure

Final consumption expenditure (current US$): Argentina's final consumption expenditure is $318,535,694,579.44, which is below the average of $381,630,252,515.38. Argentina ranks 27th out of 159 countries in this attribute data.

Final consumption expenditure (% of GDP): Argentina's final consumption expenditure as a percentage of GDP is 82.58%, slightly above the average of 82.37%. Argentina is ranked 71st out of 159 countries in this metric.

General government final consumption expenditure (current US$): Argentina's government final consumption expenditure is $65,086,024,470.63, lower than the average of $93,676,578,238.03. Argentina holds 31st place out of 158 countries in this category.

General government final consumption expenditure (% of GDP): Argentina's government final consumption expenditure as a percentage of GDP is 16.87%, below the average of 18.71%. The country is ranked 88th out of 158 nations in this aspect.

Household and NPISHs final consumption expenditure (current US$): Argentina's household and NPISHs final consumption expenditure is $253,449,670,108.81, less than the average of $290,127,571,157.69. Argentina ranks 26th out of 158 countries in this area.

Households and NPISHs final consumption expenditure (% of GDP): Argentina's household and NPISHs final consumption expenditure as a percentage of GDP is 65.70%, above the average of 63.68%. Argentina holds 71st place out of 158 nations in this metric.

Summary

Argentina's final consumption expenditure, both in absolute terms and as a percentage of GDP, falls slightly below global averages. However, the country ranks fairly well compared to others in terms of final consumption expenditure metrics. These indicators are crucial as they reflect the overall level of economic activity within the country, the efficiency of government spending, and the consumption behavior of households and non-profit institutions, which ultimately impact the country's economic growth and stability.

Equities

- Listed domestic companies, total: Argentina has 91 listed domestic companies, which is below the average of 636.625. This ranks Argentina 44th out of 72 countries.
- Stocks traded, total value (current US$): Argentina's total stock value is $2,849,900,000, significantly below the average of $1,379,501,820, but it ranks 40th out of 71 countries.
- Stocks traded, total value (% of GDP): Argentina's stock value as a percentage of GDP is 0.7388%, much lower than the average of 31.65%. Argentina ranks 50th out of 71 countries.
- Market capitalization of listed domestic companies (current US$): Argentina's market capitalization is $32,250,420,000, well below the average of $1,196,037,851,618.88. Argentina ranks 42nd out of 73 countries.
- Market capitalization of listed domestic companies (% of GDP): Argentina's market capitalization as a percentage of GDP is 8.36%, which is significantly lower than the average of 71.24%. This places Argentina 70th out of 73 countries.
- S&P Global Equity Indices (annual % change): Argentina's S&P Global Equity Indices have grown by 123.21%, significantly above the average of 2.06%. This ranks Argentina 1st out of 79 countries.

Summary

Argentina performs below average in terms of the number of listed domestic companies, total stock value, stock value as a percentage of GDP, and market capitalization compared to other countries. However, it stands out with a significant growth rate in its S&P Global Equity Indices, ranking 1st among 79 countries. These indicators are crucial as they reflect the depth and efficiency of Argentina's financial markets, its attractiveness to investors, and its economic growth potential.

Investment

Argentina's foreign direct investment (FDI) net outflows are $1.18 billion, ranking 41st out of 156 countries. This value is significantly below the attribute average of $5.71 billion.

The country's foreign direct investment net inflows amount to $4.88 billion, ranking 32nd out of 182 countries. Argentina's performance is below the attribute average of $5.75 billion.

Argentina's foreign direct investment net inflows as a percentage of GDP is 1.27%, ranking 106th out of 178 countries. This value is notably lower than the attribute average of 2.61%.

For portfolio investment in bonds, Argentina's value is $2.44 billion, ranking 15th out of 59 countries. The amount is below the attribute average of $4.13 billion.

The country's portfolio investment, net (BoP), is $1.57 billion, ranking 36th out of 159 countries. This figure is above the attribute average.

Argentina's portfolio equity net inflows stand at -$118 million, ranking 89th out of 125 countries. This value is significantly below the attribute average of $9.20 billion.

Summary

Argentina's performance in foreign direct investment outflows and inflows, as well as portfolio investments in bonds and equity, places it below the global average in many aspects. The country lags behind in attracting foreign direct investment compared to other nations, with lower percentages of FDI inflows relative to its GDP. This could indicate challenges in attracting long-term investment and diversifying funding sources, which are crucial for sustained economic growth, infrastructure development, and overall stability.

Debt

Argentina's total debt service as a percentage of GNI is 7.84%, which is 1.85% above the average of 5.98%. Argentina ranks 32 out of 120 countries in this attribute.

For public and publicly guaranteed debt service as a percentage of GNI, Argentina's value is 2.85%, just slightly above the average of 2.84%. Argentina holds the 48th position out of 120 countries in this metric.

Argentina's external debt stocks as a percentage of GNI stand at 68.09%, which is 2.67% higher than the average of 65.42%. Argentina is ranked 42 out of 120 countries in this category.

The debt service on external debt, total in current US dollars for Argentina is $29,410,909,701.90, significantly higher than the average of $9,811,195,839.23. Argentina holds the 9th rank out of 123 countries in this aspect.

Argentina's debt service on external debt, public and publicly guaranteed, in current US dollars stands at $10,684,151,070.10, well above the average of $3,310,612,057.60. The country ranks 10th out of 123 nations in this regard.

In terms of external debt stocks, public and publicly guaranteed in current US dollars, Argentina's value is $118,035,219,208.70, a significant difference from the average of $28,695,879,144.98. Argentina ranks 8th out of 123 countries in this metric.

Regarding external debt stocks, private nonguaranteed in current US dollars, Argentina's value is $46,042,357,000, higher than the average of $33,734,699,285.22. Argentina holds the 15th rank out of 91 countries included in this data.

Argentina's total external debt stocks in current US dollars amount to $255,558,142,878.8, a substantial difference from the average of $73,845,530,111.82. Argentina ranks 8th out of 123 countries in this attribute.

Summary

Argentina's debt-related metrics, including debt service, external debt stocks, and rankings among other countries, indicate a significant financial burden. The country's high debt service on external debt and considerable external debt stocks highlight potential challenges in managing debt repayment and sustaining economic stability. These indicators are crucial as they can affect Argentina's creditworthiness, fiscal policies, and overall economic development.

Broad Trade Attributes

Trade (% of GDP): Argentina's trade accounts for 30.20% of its GDP, which is below the average of 82.34%. Argentina ranks 154th out of 163 countries in this data set.

Merchandise trade (% of GDP): Argentina's merchandise trade represents 25.21% of its GDP, lower than the average of 60.01%. Argentina ranks 172nd out of 186 countries in this metric.

Trade in services (% of GDP): Argentina's trade in services is 5.58% of its GDP, lower than the average of 24.63%. Argentina ranks 158th out of 171 countries in this category.

External balance on goods and services (current US$): Argentina's external balance on goods and services is $11,599,718,810.12, significantly higher than the average of $3,405,509,011.13. Argentina ranks 28th out of 163 countries in this measure.

External balance on goods and services (% of GDP): Argentina's external balance on goods and services is 3.01% of its GDP, above the average of -5.97%. Argentina ranks 41st out of 163 countries in this dataset.

Summary

Argentina's trade, merchandise trade, and trade in services as a percentage of GDP are all below global averages, indicating a lower level of international trade activity compared to other countries. However, Argentina performs relatively well in terms of its external balance on goods and services, with a surplus much higher than the average. This surplus suggests that Argentina is exporting more than it imports, which can positively impact its economy by boosting domestic production and generating foreign exchange reserves.

Net Trade

Argentina's current account balance stands at $2,688,362,005.52, ranking 33rd out of 170 countries. This value is notably higher than the average of $1,443,864,831.49.

The current account balance as a percentage of GDP for Argentina is 0.70%, placing it in the 58th position out of 170 countries. This percentage is higher than the average of -2.36%.

Argentina's net trade in goods and services is $12,094,415,410.63, ranking 26th out of 171 countries. This figure significantly surpasses the average of $2,604,730,003.57.

The net primary income for Argentina is -$10,505,577,749.13, positioning it at 150th out of 170 countries. This value is considerably lower than the average of -$903,807,529.74.

Argentina's net secondary income is $1,099,524,344.03, placing it in the 57th position out of 170 countries. This amount is higher than the average of -$269,227,340.40.

Regarding net trade in goods, Argentina's value is $14,630,698,177.09, ranking 25th out of 171 countries. This value surpasses the average of $1,302,831,005.68.

The net capital account for Argentina is $164,762,473.55, placing it in the 55th position out of 159 countries. This figure is higher than the average of $136,543,824.05.

Argentina's net financial account is $1,362,120,006.73, ranking 40th out of 170 countries. This amount is notably higher than the average of -$469,840,994.63.

Summary

Argentina performs above average in key macroeconomic indicators such as current account balance, net trade in goods and services, net secondary income, and net financial account. These positive metrics signify Argentina's strong position in international trade and financial transactions, indicating a stable economic environment and potential for growth.

Broad Export Attributes

Argentina's Exports of goods, services and primary income amount to $68,242,519,024.59, ranking 46th out of 170 countries. This is below the average of $146,238,908,936.30 for this attribute.

With Exports of goods and services valued at $64,437,247,305.57, Argentina ranks 44th out of 170 countries, falling below the attribute average of $122,938,540,059.78.

Argentina's Exports of goods and services (current US$) are $64,053,810,078.31, ranking 45th out of 163 countries. This figure is below the average of $129,596,864,610.19.

The country's Exports of goods and services (% of GDP) stand at 16.61%, ranking 131st out of 163 countries. Argentina falls below the attribute average of 38.19%.

Argentina's Goods exports total $54,945,509,698.78, ranking 41st out of 171 countries. This amount is lower than the average of $93,310,581,697.39.

International tourism receipts in Argentina represent 2.64% of total exports, ranking 75th out of 120 countries. This is below the attribute average of 9.74%.

The country's ICT goods exports account for 0.07% of total goods exports, ranking 117th out of 142 countries. Argentina falls short of the average of 3.81% for this attribute.

Summary

Argentina's export performance across various categories falls below global averages, with rankings ranging from 41st to 131st out of various countries. This indicates a comparative weakness in the country's export sector, signaling potential challenges in generating foreign exchange earnings, diversifying the economy, and increasing global competitiveness.

These findings are important as they highlight the need for Argentina to focus on boosting export levels, improving export diversification, and enhancing competitiveness in key sectors such as goods, services, and ICT goods. Addressing these shortcomings can help the country strengthen its economic stability, increase revenue sources, and better integrate into the global economy.

Merchandise Exports

Argentina's merchandise exports amount to $54,884,000,000, ranking 42nd out of 187 countries. This is below the average merchandise exports of $89,542,711,229.95.

The country's agricultural raw materials exports account for 0.88% of its total merchandise exports, ranking 88th out of 151 countries. This is below the average of 2.97%.

Argentina's food exports represent 64.89% of its merchandise exports, ranking 14th out of 152 countries. This is significantly above the average of 24.06%.

With fuel exports at 2.68% of its merchandise exports, Argentina ranks 80th out of 147 countries, below the average of 13.70%.

Argentina's ores and metals exports make up 0.22% of its merchandise exports, ranking 144th out of 152 countries. This is notably below the average of 9.10%.

The country's residual merchandise exports stand at 1.88%, ranking 43rd out of 166 countries. This is below the average of 3.20%.

Summary

Argentina's export profile is characterized by a high dependency on food exports, constituting almost two-thirds of its total merchandise exports, well above the global average. However, the country lags in diversification, with lower-than-average exports of agricultural raw materials, ores and metals, fuels, and residual merchandise. This lack of export diversification could expose Argentina to risks associated with fluctuations in global commodity prices, emphasizing the need to broaden its export base for more resilient economic growth.

Technology Exports

Argentina's Manufactures exports account for 14.42% of its merchandise exports, which is below the average of 42.62%. Argentina ranks 112 out of 152 countries in this attribute.

Argentina's High-technology exports amount to $546,445,789, significantly lower than the average of $16,655,934,078.80. Argentina ranks 61 out of 151 countries in this attribute.

Argentina's High-technology exports as a percentage of manufactured exports stand at 6.90%, below the average of 10.15%. The country ranks 75 out of 150 countries in this attribute.

Argentina's Medium and high-tech exports as a percentage of manufactured exports are at 36.38%, above the average of 34.29%. Argentina ranks 66 out of 149 countries in this attribute.

Summary

Argentina lags behind the global average in key macroeconomic indicators related to exports. Its Manufactures exports, High-technology exports, and High-technology exports as a percentage of manufactured exports are all below average, indicating a potential area for improvement in diversifying its export base and enhancing technological capabilities. However, Argentina performs relatively better in Medium and high-tech exports as a percentage of manufactured exports, surpassing the global average, suggesting a competitive edge in this segment of exports.

Service Exports

Argentina's Service exports (BoP, current US$) amount to $9,491,737,606.79, ranking 50th out of 171 countries. This value is significantly below the attribute average of $28,917,292,503.82.

Argentina's ICT service exports (BoP, current US$) total $1,992,576,764.01, placing it 41st out of 166 countries, well below the attribute average of $4,578,501,153.77.

Argentina's ICT service exports (% of service exports, BoP) stand at 20.99%, ranking 26th out of 166 countries. This value is notably higher than the attribute average of 11.75%.

The country's Communications, computer, etc. (% of service exports, BoP) is 66.32%, ranking 35th out of 169 countries, significantly above the attribute average of 45.85%.

Argentina's Transport services (% of service exports, BoP) represent 13.17% of total service exports, placing it 101st out of 169 countries. This value is below the attribute average of 21.80%.

Regarding Travel services (% of service exports, BoP), Argentina contributes 18.20%, ranking 90th out of 167 countries, below the average of 26.40%.

Argentina's Insurance and financial services (% of service exports, BoP) constitute 2.31% of total service exports, ranking 107th out of 161 countries, significantly below the attribute average of 6.46%.

Summary

Argentina's service exports, particularly in ICT services and communications, computer, etc., show a mixed performance compared to global averages. While the country excels in ICT service exports as a percentage of total service exports, it lags behind in the overall value of service exports. This indicates a potential for growth by focusing on expanding and diversifying its service export offerings, especially in transport and insurance/financial services sectors, to align better with international benchmarks and enhance its economic competitiveness in the global market.

Commercial Service Exports

Argentina's Commercial service exports amount to $9,325,805,850, ranking it 50th out of 171 countries. This value is significantly below the average of $28,508,218,402. Argentina's Travel services account for 18.52% of its commercial service exports, ranking 91st out of 167 countries, which is below the average of 27.89%.

Argentina's Computer, communications, and other services make up 65.72% of its commercial service exports, ranking 31st out of 169 countries. This value is notably higher than the average of 42.44%. Insurance and financial services represent 2.35% of Argentina's commercial service exports, placing it 109th out of 161 countries, below the average of 6.97%.

Transport services constitute 13.41% of Argentina's commercial service exports, ranking it 105th out of 169 countries. This percentage falls below the average of 23.37%.

Summary

Argentina's commercial service exports are below the global average, with a notable reliance on computer, communications, and other services, while having a lower share of travel services and insurance/financial services. This indicates a potential imbalance in its service export portfolio, which could impact its overall commercial competitiveness and diversification strategy in the global market.

Broad Import Attributes

Imports of goods and services (current US$): Argentina's value is $52,454,091,268.19, which is below the average of $126,191,355,599.06. Argentina ranks 52 out of 163 countries in this data set.

Imports of goods and services (% of GDP): Argentina's value is 13.60%, below the average of 44.15%. Argentina ranks 160 out of 163 countries in this data set.

International tourism, expenditures (% of total imports): Argentina's value is 5.25%, above the average of 3.98%. Argentina ranks 21 out of 131 countries in this data set.

ICT goods imports (% total goods imports): Argentina's value is 9.05%, above the average of 6.85%. Argentina ranks 31 out of 143 countries in this data set.

Goods imports (BoP, current US$): Argentina's value is $40,314,811,521.69, which is below the average of $92,007,788,027.17. Argentina ranks 50 out of 171 countries in this data set.

Imports of goods and services (BoP, current US$): Argentina's value is $52,342,831,894.95, below the average of $120,321,577,988.12. Argentina ranks 50 out of 170 countries in this data set.

Imports of goods, services and primary income (BoP, current US$): Argentina's value is $66,653,681,363.10, below the average of $144,514,428,722.28. Argentina ranks 48 out of 170 countries in this data set.

Summary

Argentina consistently falls below the global average in various key macroeconomic indicators such as imports of goods and services, imports of goods and services as a percentage of GDP, and goods imports. This indicates a lower level of economic integration with the global market compared to the average of other countries. Particularly noteworthy is Argentina's high ranking in international tourism expenditures, which suggests that the country is heavily reliant on tourism for a significant portion of its imports. These findings are important as they highlight Argentina's position in the global economy and its dependence on specific sectors for economic growth.

Merchandise Imports

Argentina's merchandise imports amount to $42,354,000,000, which is below the average of $89,385,605,263. Argentina ranks 51 out of 190 countries in this attribute.

Manufactures imports account for 80.07% of Argentina's merchandise imports, which is above the average of 66.75%. Argentina ranks 7 out of 152 countries in this attribute.

Argentina imports 1.08% of agricultural raw materials, below the average of 1.27%. The country ranks 81 out of 152 countries in this category.

Food imports represent 8.77% of Argentina's merchandise imports, below the average of 15.89%. Argentina ranks 128 out of 152 countries in this attribute.

Fuel imports constitute 6.06% of Argentina's merchandise imports, below the average of 11.38%. Argentina ranks 119 out of 152 countries in this attribute.

Ores and metals imports make up 2.96% of Argentina's merchandise imports, above the average of 2.57%. Argentina ranks 44 out of 152 countries in this category.

Argentina's residual merchandise imports account for 1.20% of the total imports, which is below the average of 2.51%. The country ranks 58 out of 180 countries in this attribute.

Summary

Argentina's import profile reveals a higher reliance on manufactured goods compared to agricultural raw materials, food, fuel, and residual merchandise. While the country excels in the import of manufactures and ores/metals, it falls below the global average in importing agricultural raw materials, food, fuel, and residual items. This indicates a potential gap in self-sufficiency in these sectors, which could impact Argentina's domestic production capabilities, food security, and energy independence.

Service Imports

- Service imports (BoP, current US$): Argentina's service imports amount to $12,028,203,73.25, which is below the average of $27,615,356,170.47. Argentina ranks 50th out of 171 countries in this attribute.
- Communications, computer, etc. (% of service imports, BoP): Argentina's percentage of service imports related to communications, computer, etc. is 54.13%, above the average of 44.40%. Argentina ranks 56th out of 169 countries.
- Transport services (% of service imports, BoP): Argentina's percentage of service imports related to transport services is 17.57%, below the average of 32.90%. Argentina ranks 141st out of 169 countries.
- Travel services (% of service imports, BoP): Argentina's percentage of service imports related to travel services is 24.02%, above the average of 14.14%. Argentina ranks 27th out of 169 countries.
- Insurance and financial services (% of service imports, BoP): Argentina's percentage of service imports related to insurance and financial services is 4.27%, below the average of 8.53%. Argentina ranks 115th out of 169 countries.

Summary

Argentina's service imports are below the global average, ranking 50th out of 171 countries. However, the country shows strength in importing communication, computer, etc. services, ranking 56th out of 169 countries, and travel services, ranking 27th. This indicates a prioritization of technology and tourism sectors which can enhance Argentina's connectivity and drive economic growth through innovation and tourism revenue.

Commercial Service Imports

For Commercial service imports, Argentina's value of $11,861,782,229.48 is below the average of $27,102,746,128.60, ranking 49th out of 171 countries.

Computer, communications and other services (% of commercial service imports) in Argentina is 53.49%, which is above the average of 41.71%, ranking 55th out of 169 countries.

Argentina's Insurance and financial services (% of commercial service imports) value at 4.33% is below the average of 8.85%, placing it at 118th out of 169 countries.

For Transport services (% of commercial service imports), Argentina's 17.82% is below the average of 34.71%, ranking 144th out of 169 countries.

Travel services (% of commercial service imports) in Argentina account for 24.36%, above the average of 14.73%, placing the country 29th out of 169 countries.

Summary

In analyzing Argentina's key macroeconomic indicators related to commercial service imports, it is evident that the country performs below average in terms of the overall value of imports, insurance and financial services, and transport services. However, Argentina excels in the import percentage of computer, communications, and other services, as well as travel services, surpassing the global average and ranking relatively higher. These findings are crucial as they highlight Argentina's strengths and weaknesses in diversifying its commercial service imports, impacting its economic competitiveness and specialization in different service sectors.

Infrastructure

Argentina's Air transport, freight volume of 81.12 million ton-km is below the average of 1384.37 million ton-km, ranking 52 out of 126 countries.

Argentina's Air transport, registered carrier departures of 27447 is below the average of 134365.61 departures, ranking 60 out of 149 countries.

Argentina's Air transport, passengers carried, totaling 3680874, is below the average of 11848242.70 passengers, ranking 44 out of 149 countries.

Argentina's Container port traffic of 1705390 TEU is below the average of 6907110.27 TEU, ranking 47 out of 110 countries.

Summary

Argentina's performance in key macroeconomic indicators related to air transport and container port traffic is below the global average and ranks lower compared to other countries. This signifies inefficiencies and limitations in Argentina's transport infrastructure, which can impact trade, economic growth, and competitiveness. Addressing these shortcomings is crucial for enhancing connectivity, facilitating international trade, and fostering economic development in Argentina.

Information Technology Infrastructure

Argentina has 167,248 secure internet servers, which is below the average of 458,294. Argentina is ranked 39 out of 193 countries in this aspect.

With 3,685.76 secure internet servers per 1 million people, Argentina falls short of the average of 14,067.17. The country is ranked 59 out of 193 nations.

85.51% of Argentina's population uses the internet, surpassing the average of 64.77%. Argentina ranks 44 out of 180 countries in this category.

Argentina boasts 9,571,562 fixed broadband subscriptions, exceeding the average of 6,591,956. Argentina holds the 20th rank out of 185 countries for this metric.

Argentina has 54,763,900 mobile cellular subscriptions, higher than the average of 42,526,463. Argentina is ranked 28 out of 193 countries in this aspect.

Summary

Argentina performs below average in terms of secure internet servers and secure internet servers per capita, ranking 39th and 59th respectively. However, the country excels in internet usage and mobile cellular subscriptions, ranking 44th and 28th globally. These statistics are crucial indicators of Argentina's connectivity and digital development, showcasing areas of strength and areas for potential improvement in the realm of technology infrastructure and accessibility.

Energy Consumption

Argentina's renewable energy consumption stands at 9.84% of total final energy consumption, which is significantly below the global average of 32.18%. This places Argentina at rank 144 out of 191 countries in the dataset.

On the other hand, Argentina's CO2 emissions amount to 154,535.9 kt, slightly below the average of 171,895.94 kt. This positions Argentina at rank 32 out of 188 countries in the dataset.

Summary

Argentina's renewable energy consumption at 9.84% of total final energy consumption is notably lower than the global average, placing the country at a lower rank (144 out of 191). Conversely, Argentina's CO2 emissions of 154,535.9 kt are slightly below the global average, positioning it at a relatively higher rank (32 out of 188).

These statistics are crucial as they reveal Argentina's current standing in relation to global energy trends and environmental impact. The low renewable energy consumption indicates a potential need for greater investments in sustainable energy sources, while the relatively lower CO2 emissions indicate some positive environmental efforts compared to other nations.

Government Balance Sheet

Argentina's net acquisition of financial assets (% of GDP) is below the attribute average, with a value of -5.22% compared to an average of 2.45%. This places Argentina at rank 85 out of 87 countries in the dataset.

Regarding net incurrence of liabilities, total (% of GDP), Argentina's value of 3.47% is below the average of 7.43%, ranking the country at 72 out of 92 included countries.

Argentina's total reserves (% of total external debt) stand at 15.42%, significantly lower than the average of 66.13%. This places Argentina at rank 86 out of 102 countries in the dataset.

The country's reserves and related items (BoP, current US$) are in deficit at -6912917524.91 USD, deviating from the average of 1924407186.58 USD. Argentina ranks 160 out of 171 countries included in this data.

Argentina's total reserves minus gold (current US$) is valued at 35649970285.76 USD, a figure notably lower than the average of 74221588171.61 USD. This places Argentina at rank 45 out of 161 countries.

Similarly, Argentina's total reserves (includes gold, current US$) are at 39403734630.12 USD, well below the average of 85708019773.47 USD. The country ranks 45 out of 161 countries in this aspect.

Lastly, Argentina's total reserves in months of imports are slightly below the average at 7.09 months compared to 7.10 months. This places Argentina at rank 57 out of 151 countries in the dataset.

Summary

Argentina's macroeconomic indicators paint a picture of financial vulnerability and limited reserves compared to global averages. The country ranks low in net acquisition of financial assets, net incurrence of liabilities, total reserves, and related items, indicating potential challenges in managing external debt and financial stability. These statistics highlight the importance for Argentina to focus on building up reserves, improving its balance of payments, and strengthening its financial position to mitigate economic risks and improve its standing in the international financial landscape.

Government Revenue

Argentina's revenue, excluding grants (% of GDP) is 17.48%, below the attribute average of 27.02%. It ranks 96 out of 122 countries in this aspect.

Grants and other revenue (% of revenue) in Argentina is 5.95%, well below the average of 23.54%. Argentina ranks 101 out of 108 countries for this metric.

Argentina's social contributions (% of revenue) are at 31.93%, higher than the average of 22.29%. It holds the 28th rank out of 81 countries in this category.

Taxes on goods and services (% of revenue) in Argentina stand at 31.58%, slightly below the average of 31.82%. The country ranks 65 out of 122 countries included in the data.

Argentina's taxes on international trade (% of revenue) are 13.38%, significantly higher than the average of 6.24%. This places Argentina at the 14th rank out of 101 countries.

Other taxes (% of revenue) in Argentina constitute 7.73%, notably higher than the average of 2.12%. Argentina ranks 4th out of 106 countries for this attribute.

Argentina's taxes on income, profits and capital gains (% of revenue) are 9.43%, well below the average of 24.66%. In this aspect, Argentina ranks 108 out of 119 countries.

Summary

Argentina's macroeconomic indicators show a mixed picture. While the country performs well in terms of social contributions and taxes on international trade, it lags behind in revenue generation through taxes on income, profits, and capital gains. These statistics are important as they reveal Argentina's reliance on certain revenue sources, its competitiveness in international trade, and the potential areas for improvement in its tax policies to enhance revenue generation and economic stability.

Taxes

Argentina's tax revenue is 10.87% of its GDP, which is below the average of 16.72%. Argentina ranks 101 out of 123 countries in this attribute.

The country's taxes on exports account for 12.30% of its tax revenue, significantly higher than the average of 2.54%. Argentina is ranked 5th out of 36 countries in this category.

Argentina's customs and other import duties make up 6.43% of its tax revenue, below the average of 9.01%. The country holds the 42nd rank out of 99 countries in this aspect.

Regarding taxes on income, profits, and capital gains, Argentina contributes 15.18% of its total taxes, which is lower than the average of 38.40%. Argentina ranks 113 out of 120 countries in this metric.

The country's weighted mean applied tariff rate on all products is 6.88%, slightly higher than the average of 5.21%. Argentina holds the 48th rank out of 153 countries in this particular statistic.

Summary

Argentina's tax revenue as a percentage of its GDP is below the global average, as are its contributions from taxes on income, profits, and capital gains. However, the country collects a significantly higher portion of its tax revenue from exports compared to the average. Despite having a higher than average weighted mean applied tariff rate, Argentina's customs and import duties as a percentage of tax revenue are below the global average.

These findings are important as they provide insights into Argentina's fiscal policies and trade practices. The low ranking in taxes on income indicates potential challenges in generating revenue domestically, while the high reliance on export taxes may signal a vulnerability to external market fluctuations. The higher tariff rates suggest a protectionist trade approach that could impact international trade relations.

Government Expenses

Argentina's Expense (% of GDP) is 25.84%, which is below the average of 31.69%. Argentina ranks 77 out of 123 countries for this attribute.

The Compensation of employees (% of expense) in Argentina is 10.07%, significantly lower than the average of 24.70%. Argentina ranks 109 out of 123 countries for this attribute.

Argentina's Goods and services expense (% of expense) stands at 3.26%, well below the average of 14.77%. Argentina is ranked 118 out of 122 countries in this category.

Interest payments (% of expense) for Argentina amount to 7.50%, slightly above the average of 6.85%. Argentina ranks 45 out of 121 countries for this attribute.

Argentina's Other expense (% of expense) is 3.87%, notably lower than the average of 8.29%. The country holds the 88th rank out of 120 countries in this aspect.

The Subsidies and other transfers (% of expense) for Argentina represent 75.30%, significantly higher than the average of 43.29%. Argentina ranks 10 out of 121 countries for this attribute.

Summary

Argentina's macroeconomic indicators reflect a concerning trend of high subsidy and transfer expenses, low compensation of employees, and minimal investment in goods and services compared to other countries. These statistics suggest a reliance on government support, potential challenges in workforce compensation, and limited spending on productive sectors that could drive economic growth.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Urban population (% of total population)	13/194
Land area (sq. km)	8/194
Surface area (sq. km)	8/194
Arable land (hectares)	6/190
Land under cereal production (hectares)	7/174
Cereal production (metric tons)	6/174
Inflation, GDP deflator (annual %)	7/188
Broad money growth (annual %)	3/139
S&P Global Equity Indices (annual % change)	1/79
Debt service on external debt, total (TDS, current US$)	9/123
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)	10/123
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$)	8/123
External debt stocks, total (DOD, current US$)	8/123
Food exports (% of merchandise exports)	14/152
Manufactures imports (% of merchandise imports)	7/152
Other taxes (% of revenue)	4/106
Subsidies and other transfers (% of expense)	10/121

Ranks in Bottom Decile For:

Attribute	Rank/Total
Rural population (% of total population)	182/190
Coal rents (% of GDP)	63/65
Market capitalization of listed domestic companies (% of GDP)	70/73
Trade (% of GDP)	154/163
Merchandise trade (% of GDP)	172/186
Trade in services (% of GDP)	158/171
Ores and metals exports (% of merchandise exports)	144/152
Imports of goods and services (% of GDP)	160/163
Net acquisition of financial assets (% of GDP)	85/87
Reserves and related items (BoP, current US$)	160/171
Grants and other revenue (% of revenue)	101/108
Taxes on income, profits and capital gains (% of revenue)	108/119
Taxes on income, profits and capital gains (% of total taxes)	113/120
Goods and services expense (% of expense)	118/122