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COUNTRY FACT SHEET: ARGENTINA

U.S. Ambassador to Argentina: Noah B. Mamet
Argentine Ambassador to the United States: Cecilia Nahón

PROFILE

Population: 42.4 million*
Capital: Buenos Aires
Government: Federal Republic

Next election scheduled: October 2015
Head of government: Cristina Fernández de Kirchner (President)

ECONOMY

  • 2015 nominal GDP (Current US$ billions)*: 563.14
  • 2015 nominal GDP per capita (Current US$)*: 13,270.78
 

2012

2013

2014

2015

Real GDP growth rate (%)*

0.80

2.89

0.46

Real GDP per capita
growth rate (%)*

1.73

CPI (%)*

10.04

10.62

n/a

18.65

Unemployment (%)*

7.20

7.08

7.25

7.04

  • Economic mix in 2013: 28.5% All Industries; 15.3% manufacturing; 64.6% services; 7.0% agriculture

FOREIGN MERCHANDISE TRADE (US$ billions)

2012

2013

2014

Argentina’s exports to the world^

78.5

74.2

67.4

Argentina’s imports from the world^

68.5

74.0

65.2

U.S. exports to Argentina^

10.3

10.4

10.8

U.S. imports from Argentina^

4.4

4.6

4.2

U.S. trade balance with Argentina^

6.0

5.7

6.5

       

U.S. TRADE IN SERVICES (US$ billions)

2012

2013

2014

U.S. exports to Argentina

6.24

6.67

6.75

U.S. imports from Argentina

1.88

1.78

1.68

       
  • Rank of Argentina as U.S. export market in 2014^: 28th largest (.67% of U.S. exports)
  • Rank of Argentina as source of U.S. imports in 2014^: 53rd largest (.18% of U.S. imports)
  • Rank of Argentina in total U.S. trade in 2014^: 39nd largest (.38% of U.S. trade)
  • Principal U.S. exports to Argentina in 2014^: Petroleum & Coal Products (24.8%), Machinery, Except Electrical (19.8%), Electrical Machinery (8.0%), Organic Chemicals (6.8%), Aircraft Parts (6.0%)
  • Principal U.S. imports from Argentina in 2014^: Oil & Gas (25.5%), Wine & Spirits (8.5%), Primary Metal (8.2%), Food and Kindred Products (4.6%)

FOREIGN DIRECT INVESTMENT (US$ billions)

2011

2012

2013

U.S. FDI in Argentina

13.8

14.6

15.2

FDI into U.S. from Argentina (UBO)

0.73

0.74

0.77

  • Principal Suppliers of Foreign Investment to Argentina: Spain, United States, Netherlands, Chile, Brazil

DOING BUSINESS RANKING

  • World Bank Doing Business in 2015 rank: 124 of 189 (124 in 2014)

COMMERCIAL OFFICER INFORMATION

Senior Commercial Officer: James Koloditch, 5411 5777 4670
Deputy Senior Commercial Officer: Yamilee Bastien, 5411 5777 670
Commerce Desk Officer: Dakshina Voetsch, (202) 482-4701

*IMF estimate, World Bank data, ^Global Trade Atlas data, year to date as of December 2014

Latest actual data: 2013. Consumer price data from December 2013 onwards reflect the new national CPI (IPCNu), which differs substantively from the preceding CPI (the CPI for the Greater Buenos Aires Area, CPI-GBA). Because of the differences in geographical coverage, weights, sampling, and methodology, the IPCNu data cannot be directly compared to the earlier CPI-GBA data. The average CPI inflation for 2014 is not reported in the April 2015 World Economic Outlook.


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