 |
|
 |
FinanceArgentina: Finance
Currency and
Exchange Rates: Monetary Units: - 100 centavos = 1 nuevo peso argentino (new Argentine peso).
Sterling, Dollar and Euro Equivalents (31 December 2020): - £1 sterling = 112.795 new pesos;
- US $1 = 84.050 new pesos;
- €1 = 103.138 new pesos;
- 1,000 new pesos = £8.87 = $11.90 = €9.70.
Average Exchange
Rate (new pesos per US $): - 2018 28.095
- 2019 48.148
- 2020 70.539
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 $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. General Government Budget (public sector accounts, million new pesos) |
|
|
|
Revenue |
2019 |
2020* |
2021* |
Current revenue |
3,812,824 | .1 |
4,638,220 | .1 |
6,719,991 | .3 |
Tax revenue |
2,081,833 | .1 |
2,817,305 | .8 |
4,222,792 | .2 |
Social security contributions |
1,055,534 | .9 |
1,525,047 | .4 |
2,127,534 | .8 |
Sale of public goods and services |
7,335 | .6 |
7,320 | .4 |
13,031 | .8 |
Property income |
561,539 | .6 |
169,851 | .7 |
198,961 | .5 |
Current transfers |
19,181 | .6 |
8,255 | .5 |
8,098 | .4 |
Capital revenue |
90,045 | .6 |
30,895 | .7 |
10,591 | .9 |
Total |
3,902,869 | .7 |
4,669,115 | .8 |
6,730,583 | .2 |
|
|
|
|
|
Expenditure |
2019 |
2020* |
2021* |
Current expenditure |
4,476,656 | .8 |
6,992,466 | .3 |
8,063,196 | .3 |
Consumption expenditure |
580,119 | .2 |
918,426 | .4 |
1,253,579 | .8 |
Property income |
927,759 | .0 |
541,079 | .2 |
544,717 | .5 |
Social security benefits |
1,864,985 | .1 |
2,590,626 | .8 |
3,380,959 | .1 |
Current transfers |
1,103,656 | .6 |
2,759,904 | .0 |
2,669,449 | .5 |
Capital expenditure |
284,931 | .0 |
459,552 | .9 |
779,869 | .7 |
Direct investment |
155,554 | .6 |
257,867 | .3 |
437,779 | .2 |
Capital transfers |
99,170 | .3 |
176,436 | .4 |
301,770 | .8 |
Financial investment |
30,206 | .0 |
25,249 | .2 |
40,319 | .7 |
Total |
4,761,587 | .8 |
7,452,019 | .2 |
8,843,066 | .0 |
|
* Budget figures Note:
Figures refer to the consolidated accounts of the central and local governments
and state-owned companies and entities.Source: Oficina Nacional de
Presupuesto, Secretaría de Hacienda, Ministerio de Economía
y Finanzas Públicas, Buenos Aires International Reserves (US $ million at 31 December) |
|
|
|
|
2017 |
2018 |
2019 |
Gold (national valuation) |
2,299 | |
2,256 | |
2,684 | |
IMF special drawing rights |
2,542 | |
4,354 | |
2,602 | |
Reserve position in IMF |
381 | |
372 | |
370 | |
Foreign exchange |
50,107 | |
59,238 | |
39,221 | |
Total |
55,329 | |
66,220 | |
44,877 | |
|
Source: IMF, International
Financial Statistics Money Supply (million
new pesos at 31 December) |
|
|
|
|
2015 |
2016 |
2017 |
Currency outside banks |
425,718 | |
527,765 | |
702,281 | |
Demand deposits at commercial banks |
259,405 | |
410,384 | |
462,281 | |
Total money |
685,123 | |
938,149 | |
1,164,562 | |
|
Source: IMF, International
Financial Statistics Cost of Living (Consumer Price Index; base: December 2016 = 100) |
|
|
|
|
2017 |
2018 |
2019 |
Food and beverages |
111 | .7 |
148 | .2 |
234 | .8 |
Clothing |
108 | .3 |
132 | .8 |
191 | .3 |
Housing and amenities |
123 | .0 |
187 | .9 |
280 | .5 |
All items (incl. others) |
112 | .9 |
151 | .6 |
232 | .8 |
|
National
Accounts (million new pesos at current prices,
provisional) Expenditure on
the Gross Domestic Product |
|
|
|
|
2017 |
2018 |
2019 |
Government final consumption expenditure |
1,886,529 | |
2,382,169 | |
3,382,447 | |
Private final consumption expenditure |
7,114,591 | |
9,575,710 | |
13,857,969 | |
Increase in stocks |
325,176 | |
201,710 | |
214,313 | |
Gross fixed capital formation |
1,616,325 | |
2,131,947 | |
2,904,835 | |
Total domestic expenditure |
10,942,621 | |
14,291,536 | |
20,359,564 | |
Exports of goods and services |
1,206,768 | |
2,126,121 | |
3,740,337 | |
Less Imports of goods and services |
1,489,161 | |
2,407,564 | |
3,257,395 | |
Statistical discrepancy |
— | |
532,629 | |
604,745 | |
Gross domestic product (GDP) in market prices |
10,660,228 | |
14,542,722 | |
21,447,250 | |
GDP at constant 2004 prices |
726,390 | |
707,755 | |
692,977 | |
|
Gross Domestic
Product by Economic Activity |
|
|
|
|
2017 |
2018 |
2019 |
Agriculture, forestry and hunting |
530,208 | |
715,541 | |
1,229,602 | |
Fishing |
27,495 | |
54,710 | |
76,192 | |
Mining and quarrying |
314,230 | |
558,187 | |
850,519 | |
Manufacturing |
1,368,258 | |
1,858,022 | |
2,788,782 | |
Electricity, gas and water supply |
184,283 | |
352,789 | |
558,320 | |
Construction |
455,253 | |
584,398 | |
823,149 | |
Wholesale and retail trade |
1,467,211 | |
1,977,138 | |
2,882,638 | |
Hotels and restaurants |
231,006 | |
296,922 | |
422,441 | |
Transport, storage and communications |
599,566 | |
848,595 | |
1,279,290 | |
Financial intermediation |
418,552 | |
579,441 | |
742,738 | |
Real estate, renting and business activities |
1,050,371 | |
1,470,771 | |
2,127,812 | |
Public administration and defence* |
820,816 | |
1,019,181 | |
1,432,844 | |
Education, health and social work |
1,143,300 | |
1,458,206 | |
2,070,128 | |
Other community, social and personal
service activities† |
382,812 | |
482,912 | |
695,130 | |
GDP at basic prices |
8,993,361 | |
12,256,813 | |
17,979,584 | |
Value-added tax |
765,336 | |
1,104,580 | |
1,532,597 | |
Import duties |
70,635 | |
107,178 | |
163,076 | |
Net taxes on products |
830,896 | |
1,074,150 | |
1,771,993 | |
GDP in market prices |
10,660,228 | |
14,542,722 | |
21,447,250 | |
|
* Including extraterritorial organizations
and bodies † Including
private households with employed persons Balance
of Payments (US $ million) |
|
|
|
|
2017 |
2018 |
2019 |
Exports of goods f.o.b. |
58,661 | .9 |
61,800 | .8 |
65,155 | .4 |
Imports of goods f.o.b. |
–64,108 | .9 |
–62,544 | .2 |
–46,928 | .3 |
Trade balance |
–5,447 | .1 |
–743 | .4 |
18,227 | .0 |
Exports of services |
15,506 | .2 |
15,273 | .6 |
14,134 | .3 |
Imports of services |
–25,201 | .6 |
–24,238 | .8 |
–19,349 | .3 |
Balance on goods and services |
–15,142 | .5 |
–9,708 | .6 |
13,012 | .0 |
Primary income received |
4,016 | .6 |
6,282 | .2 |
6,335 | .3 |
Primary income paid |
–20,396 | .9 |
–24,901 | .4 |
–24,171 | .2 |
Balance on goods, services and primary
income |
–31,522 | .8 |
–28,327 | .8 |
–4,823 | .9 |
Secondary income received |
2,607 | .2 |
2,968 | .0 |
2,490 | .1 |
Secondary income paid |
–2,235 | .8 |
–1,689 | .4 |
–1,663 | .2 |
Current balance |
–31,151 | .4 |
–27,049 | .2 |
–3,997 | .0 |
Capital account (net) |
173 | .0 |
83 | .8 |
126 | .1 |
Direct investment assets |
–1,155 | .6 |
–1,802 | .2 |
–1,539 | .2 |
Direct investment liabilities |
11,516 | .9 |
11,872 | .9 |
6,663 | .1 |
Portfolio investment assets |
–5,502 | .3 |
–6,091 | .7 |
–2,104 | .4 |
Portfolio investment liabilities |
41,424 | .1 |
12,775 | .0 |
–5,022 | .4 |
Financial derivatives and employee stock options
(net) |
96 | .2 |
34 | .9 |
30 | .5 |
Other investment assets |
–12,506 | .1 |
–25,184 | .5 |
–31,175 | .0 |
Other investment liabilities |
11,955 | .8 |
47,657 | .0 |
16,925 | .6 |
Net errors and omissions |
–294 | .9 |
–1,019 | .1 |
–1,281 | .8 |
Overall balance |
14,555 | .7 |
11,276 | .9 |
–21,374 | .6 |
|
Source: IMF, International
Financial Statistics
Citation:
Finance (Argentina),
in Europa World online. London, Routledge.
Retrieved 27 February 2021 from http://www.europaworld.com/pub/entry/ar.ss.39
|
 |