Argentina - Key Macroeconomic Indicators (Table 1) - FY2026-FY2033 Annex 4 - Key Macroeconomic Indicators

Jul 19, 2026

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Key Macroeconomic Indicators for Argentina present projected performance from 2025 through 2033 across national accounts, inflation measures, monetary and credit developments, external trade, fiscal financing, debt, reserves, and exchange-rate assumptions. The table reports annual percentage changes (with CPI and reserve units) and provides sectoral contribution shares for imports, distinguishing agriculture, industry, and services. Fiscal aggregates include revenue, expenditure, overall balance, and an explicit overall fiscal balance memorandum item, while external-sector entries cover current account balance, FDI/debt, and public debt to track macroeconomic trajectories.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Key Macroeconomic Indicators

National Accounts

Inflation

Selected Monetary Accounts

External Sector and Fiscal Metrics

Public Disclosure Authorized Pub lic Disclosure Authorized Key Macroeconomic Indicators Table 1. Key Macroeconomic Indicators | | 2025 2026 2027 2028 2029 | 2030 | 2031 | 2032 | 2033 | | --- | --- | --- | --- | --- | --- | | | Annual percentage change unless otherwise indicated | | | | | | National Accounts | | | | | | | GDP at constant prices (%) | 4.4 3.6 3.7 3.5 3.2 | 3.2 | 3.0 | 2.8 | 2.5 | | Consumption | 6.7 2.4 2.7 2.7 2.3 | 2.4 | 2.2 | 2.2 | 2.1 | | Investment | 22.5 8.4 8.4 7.2 3.8 | 4.0 | 3.8 | 3.5 | 3.5 | | Exports (Goods and Services) | 7.6 4.6 5.8 4.9 4.5 | 4.5 | 4.3 | 4.1 | 4.0 | | Imports (Goods and Services) Sectorial Contribution | 27.0 4.0 5.9 5.0 4.4 | 4.5 | 4.1 | 3.9 | 3.8 | | Agriculture (ppts) | 0.4 0.3 0.2 0.2 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | | Industry (ppts) | 0.7 0.8 0.7 0.7 0.7 | 0.8 | 0.8 | 0.8 | 0.7 | | Services (ppts) | 2.3 2.0 2.1 2.0 1.9 | 1.9 | 1.8 | 1.7 | 1.2 | | Inflation | | | | | | | GDP deflator | 39.8 27.4 13.9 8.6 7.5 | 7.5 | 7.5 | 5.0 | 5.0 | | CPI (eop) | 31.5 28.0 15.0 8.5 7.5 Percent of GDP, unless otherwise indicated | 7.5 | 7.5 | 5.0 | 5.0 | | Selected Monetary Accounts | | | | | | | BCRA Fiscal Financing | 0.0 0.0 0.0 0.0 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | | Credit to private sector | 14.2 14.8 16.3 17.1 17.2 | 17.5 | 17.7 | 18.1 | 18.5 | | Money Base External Sector | 5.1 5.3 5.7 6.1 6.5 | 6.7 | 6.9 | 7.1 | 7.3 | | Exports fob (in bn USD) | 87.2 99.5 104.4 109.0 114.5 | 117.5 | 120.5 | 123.5 | 126.5 | | Imports fob (in bn USD) | 71.8 80.1 84.1 87.2 91.0 | 94.0 | 97.0 | 100.0 | 103.0 | | Current account balance | -1.1 -0.5 -0.9 -0.8 -0.5 | -0.3 | -0.2 | 0.0 | 0.1 | | FDI Debt | 1.6 1.7 2.1 2.2 2.3 | 2.4 | 2.5 | 2.5 | 2.5 | | Public debt (external and domestic) /1 | 78.3 73.8 70.8 68.4 65.8 | 63.0 | 60.5 | 58.0 | 55.6 | | External Debt (US$ billions) Fiscal Accounts /3 | 299.0 316.4 350.2 370.1 390.2 | 403.7 | 410.0 | 413.3 | 415.8 | | Total revenue and grants | 31.4 31.4 31.6 31.6 31.6 | 31.6 | 31.6 | 31.6 | 31.6 | | Total expenditure and net lending | 31.5 31.2 31.3 31.3 31.3 | 31.3 | 31.3 | 31.3 | 31.3 | | Overall fiscal balance Memorandum items | -0.1 0.2 0.3 0.3 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | | GDP per capita (%) | 4.1 3.3 3.3 3.2 2.8 | 2.8 | 2.6 | 2.5 | 2.4 | | Gross reserves (US$ billions, EoP) | 41.1 51.1 62.1 79.1 102.1 | 122.1 | 137.1 | 147.1 | 153.1 | | in months of next years imports | 6.2 7.3 8.5 10.4 13.0 | 15.1 | 16.5 | 17.1 | 17.3 | | Net International reserves (US$ billions, EoP)/4 | -11.8 -1.8 9.2 26.2 49.2 | 74.3 | 97.9 | 107.9 | 113.9 | | Nominal exchange rate (AR$/US$;EoP) | 1459.0 - - - - | - | - | - | - | | Nominal GDP (in bn of ARS, avg) | 852,003 - - - - | - | - | - | - | Source: WB based on INDEC, BCRA, Ministry of Economy and IMF Notes: 1/ Federal government public debt; 2/ Includes federal government external and domestic debt amortizations and general government interest payments; 3/ General Government accounts. Excludes Municipalities, but includes provincial transfers to Municipalities; 4/ Net International reserves corresponds to Gross Reserves minus gross official liabilities with maturities of under one year. It excludes Paris club payments. Gross official liabilities include fund disbursements net of payments excluding the net financing component over the program period.

FAQs

What time range and forecast horizon does the table cover?

The table lists values for 2025–2029 and then provides projections for 2030–2033.

Which macroeconomic dimensions are included besides GDP and inflation?

It also covers consumption, investment, exports and imports (including sectoral contribution), monetary/credit indicators, current account balance, FDI and debt, reserves, fiscal totals, and public debt.

How are reserves and net international reserves defined in the notes?

Gross reserves are shown with an end-of-period unit, and net international reserves are defined as gross reserves minus gross official liabilities with maturities under one year, excluding Paris club payments.

Jul 19, 2026

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