 |
|
 |
FinanceArgentina: Finance
Currency and
Exchange Rates: Monetary Units: - 100 centavos = 1 nuevo peso argentino (new Argentine peso).
Sterling, Dollar and Euro Equivalents (31 May 2012): - £1 sterling = 6.901 new pesos;
- US $1 = 4.451 new pesos;
- €1 = 5.521 new pesos;
- 100 new pesos = £14.49 = $22.47 = €18.11.
Average Exchange
Rate (new pesos per US $): - 2009 3.710
- 2010 3.896
- 2011 4.110
Note: From April 1996 to December 2001 the official exchange rate was
fixed at US $1 = 99.95 centavos. In January 2002 the Government abandoned
this exchange rate and devalued the peso: initially there was a fixed official
exchange rate of US $1 = 1.40 new pesos for trade and
financial transactions, while a free market rate was applicable to other transactions.
In February, however, a unified `floating' exchange rate system, with the
rate to be determined by market conditions, was introduced. Central Government Budget (million new pesos) |
|
|
|
| Revenue |
2008 |
2009 |
2010 |
| Current revenue |
212,740 | .9 |
267,203 | .8 |
326,242 | .2 |
| Tax revenue |
153,297 | .4 |
173,143 | .3 |
198,264 | .8 |
| Social security contributions |
46,379 | .1 |
64,735 | .3 |
88,558 | .8 |
| Sale of public goods and services |
1,024 | .0 |
1,220 | .4 |
6,186 | .6 |
| Property income |
6,587 | .9 |
12,506 | .0 |
1,574 | .9 |
| Other non-tax revenue |
3,925 | .2 |
4,415 | .8 |
29,672 | .6 |
| Current transfers |
1,527 | .2 |
11,182 | .8 |
1,984 | .5 |
| Capital revenue |
1,382 | .2 |
2,289 | .7 |
2,596 | .4 |
| Total |
214,123 | .1 |
269,493 | .5 |
328,838 | .6 |
|
|
|
|
|
| Expenditure |
2008 |
2009 |
2010 |
| Current expenditure |
179,091 | .4 |
230,827 | .8 |
294,948 | .7 |
| Consumption expenditure |
29,046 | .6 |
40,112 | .3 |
54,576 | .7 |
| Remuneration |
20,127 | .3 |
27,658 | .1 |
37,607 | .9 |
| Goods and services |
8,917 | .5 |
12,452 | .0 |
16,960 | .0 |
| Other |
1 | .7 |
2 | .2 |
8 | .8 |
| Property income |
22,686 | .8 |
28,356 | .9 |
26,409 | .2 |
| Interest |
22,684 | .1 |
28,350 | .4 |
26,401 | .8 |
| Other income |
2 | .7 |
6 | .4 |
7 | .4 |
| Social security benefits |
65,053 | .7 |
85,429 | .5 |
106,352 | .5 |
| Other current expenditure |
8 | .8 |
7 | .8 |
15 | .4 |
| Current transfers |
62,295 | .6 |
76,921 | .3 |
107,594 | .9 |
| Private sector |
38,899 | .1 |
43,949 | .5 |
61,948 | .3 |
| Public sector |
22,958 | .4 |
32,469 | .0 |
45,099 | .0 |
| External sector |
438 | .1 |
502 | .9 |
547 | .7 |
| Capital expenditure |
26,644 | .0 |
33,582 | .4 |
46,794 | .9 |
| Real direct investment |
10,092 | .7 |
11,298 | .4 |
12,883 | .1 |
| Capital transfers |
15,262 | .5 |
20,977 | .5 |
32,573 | .0 |
| Financial investment |
1,288 | .8 |
1,306 | .5 |
1,338 | .7 |
| Total |
205,735 | .4 |
264,410 | .3 |
341,743 | .6 |
|
Note: Budget figures refer to the consolidated accounts of the central
Government only.Source: Oficina Nacional de
Presupuesto, Secretaría de Hacienda, Ministerio de Economía,
Buenos Aires International Reserves (US $ million at 31 December) |
|
|
|
| |
2009 |
2010 |
2011 |
| Gold (national valuation) |
1,932 | |
2,497 | |
3,127 | |
| IMF special drawing rights |
3,170 | |
3,114 | |
3,152 | |
| Foreign exchange |
42,922 | |
46,619 | |
40,075 | |
| Total |
48,024 | |
52,230 | |
46,354 | |
|
Source: IMF, International
Financial Statistics Money Supply (million
new pesos at 31 December) |
|
|
|
| |
2009 |
2010 |
2011 |
| Currency outside banks |
86,073 | |
113,554 | |
151,282 | |
| Demand deposits at commercial banks |
44,996 | |
59,247 | |
63,985 | |
| Total money |
131,069 | |
172,801 | |
215,267 | |
|
Source: IMF, International
Financial Statistics Cost of Living (Consumer Price Index for Buenos Aires metropolitan area; annual averages;
base: April 2008 = 100) |
|
|
|
| |
2009 |
2010 |
2011 |
| Food and beverages |
102 | .9 |
116 | .9 |
128 | .7 |
| Housing and basic services |
104 | .8 |
109 | .7 |
117 | .1 |
| Clothing |
116 | .2 |
131 | .5 |
161 | .8 |
| Transport and communications |
112 | .1 |
118 | .2 |
128 | .3 |
| All items (incl. others) |
107 | .5 |
118 | .0 |
131 | .2 |
|
National Accounts (million new pesos at current prices, preliminary) Expenditure on
the Gross Domestic Product |
|
|
|
| |
2009 |
2010 |
2011 |
| Government final consumption expenditure |
174,002 | |
215,278 | |
278,961 | |
| Private final consumption expenditure |
667,375 | |
826,794 | |
1,039,072 | |
| Increase in stocks* |
3,176 | |
35,468 | |
65,934 | |
| Gross fixed capital formation |
239,637 | |
317,417 | |
415,836 | |
| Total domestic expenditure |
1,084,190 | |
1,394,957 | |
1,799,803 | |
| Exports of goods and services |
244,569 | |
313,150 | |
401,992 | |
| Less Imports of goods and services |
183,300 | |
265,451 | |
359,774 | |
| Gross domestic product (GDP) in market prices |
1,145,458 | |
1,442,655 | |
1,842,022 | |
| GDP at constant 1993 prices |
386,704 | |
422,130 | |
459,571 | |
|
* Including statistical discrepancy Gross Domestic
Product by Economic Activity |
|
|
|
| |
2009 |
2010 |
2011 |
| Agriculture, forestry and hunting |
77,208 | |
129,882 | |
176,071 | |
| Fishing |
2,155 | |
2,484 | |
2,675 | |
| Mining and quarrying |
38,512 | |
47,727 | |
57,585 | |
| Manufacturing |
224,188 | |
271,665 | |
347,309 | |
| Electricity, gas and water supply |
13,459 | |
15,716 | |
17,902 | |
| Construction |
60,158 | |
74,212 | |
96,770 | |
| Wholesale and retail trade |
128,767 | |
161,325 | |
213,362 | |
| Hotels and restaurants |
27,349 | |
33,543 | |
40,241 | |
| Transport, storage and communications |
86,695 | |
107,326 | |
134,288 | |
| Financial intermediation |
59,845 | |
76,646 | |
95,514 | |
| Real estate, renting and business activities |
121,024 | |
140,273 | |
167,997 | |
| Public administration and defence* |
73,170 | |
91,606 | |
119,635 | |
| Education, health and social work |
97,229 | |
115,803 | |
150,509 | |
| Other community, social and personal
service activities† |
47,884 | |
54,991 | |
64,762 | |
| Sub-total |
1,057,643 | |
1,323,199 | |
1,684,619 | |
| Value-added tax |
90,843 | |
120,152 | |
157,333 | |
| Import duties |
7,700 | |
11,428 | |
14,593 | |
| Less Financial intermediation
services indirectly measured |
10,728 | |
12,124 | |
14,523 | |
| GDP in market prices |
1,145,458 | |
1,442,655 | |
1,842,022 | |
|
* Including extra-territorial organizations
and bodies † Including
private households with employed persons Balance of Payments (US $ million) |
|
|
|
| |
2009 |
2010 |
2011 |
| Exports of goods f.o.b. |
55,672 | |
68,134 | |
84,269 | |
| Imports of goods f.o.b. |
–37,146 | |
–53,868 | |
–70,729 | |
| Trade balance |
18,526 | |
14,266 | |
13,540 | |
| Exports of services |
10,967 | |
13,066 | |
14,193 | |
| Imports of services |
–12,252 | |
–14,180 | |
–16,423 | |
| Balance on goods and services |
17,241 | |
13,152 | |
11,310 | |
| Other income received (net) |
–8,955 | |
–9,939 | |
–10,829 | |
| Balance on goods, services and income |
8,286 | |
3,213 | |
481 | |
| Current transfers (net) |
2,710 | |
–396 | |
–464 | |
| Current balance |
10,995 | |
2,818 | |
17 | |
| Capital account (net) |
74 | |
89 | |
70 | |
| Net investment in banking sector |
–986 | |
–2,566 | |
6,598 | |
| Net investment in public sector |
–732 | |
2,209 | |
–2,534 | |
| Net investment in private sector |
–7,685 | |
2,630 | |
–6,332 | |
| Net errors and omissions |
–319 | |
–1,023 | |
–3,928 | |
| Overall balance |
1,346 | |
4,157 | |
–6,108 | |
|
Citation:
Finance (Argentina),
in Europa World online. London, Routledge.
Retrieved 19 June 2013 from http://www.europaworld.com/pub/entry/ar.ss.39
|
 |