Argentina
Everything Palanor holds about Argentina, in one place: 216 public signals, what its economy runs on, how often America’s largest companies name it, the news that names it, and Country Posture. Every figure is computed from stored readings and carries its source and date.
South AmericaAmericasLatin America & CaribbeanG20
The latest read
- GDP in current U.S. dollars: $683.1 billion (2025); record high since 1960; 1y +7.0%.
- Real GDP growth: 4.37% (2025); 61st percentile since 1961; highest since 2022; 1y +5.71 pts.
- Consumer price inflation: 219.9% (2024); 1y +86.39 pts.
- Unemployment: 7.15% (2025); 17th percentile since 1991; 1y unchanged.
- Household consumption, share of GDP: 70% of GDP (2025); 88th percentile since 1990; highest since 1999; 1y +3.30 pts.
- Net exports, share of GDP: 0.75% of GDP (2025); 46th percentile since 1990; 1y −1.82 pts.
- S&P 500 companies naming it on earnings calls: 2.19% of companies (2026-10-21); 5th percentile since Dec 2021; 1y −1.07 pts.
Country Posture
What Argentina’s economy is doing
Momentum
2025Inputs only. Did not pass the pre-registered back-test: 1996–2009: AUC 0.590 below 0.60; AUC 0.590 below the single-input baseline (0.624); 2010–2022: AUC 0.595 below 0.60; AUC 0.595 below the single-input baseline (0.641).
Inputs
| Real GDP growth | 4.4 |
| Growth against its three-year average | 3.4 |
| Change in unemployment | -0.0 |
| Change in the employment rate | 0.0 |
| Export volume growth | — |
| OECD leading indicator | — |
Resilience
202560Moderate buffers
0 = thin buffers · 100 = deep buffers
Moved most by current account (down) and governance (wgi mean) (up) since the year before.
Inputs
| Interest as a share of revenue (2024) | 8.5 | 61 |
| Budget balance (2024) | 0.1 | 85 |
| Reserves, months of imports | 4.0 | 32 |
| Current account | -1.1 | 48 |
| Governance (WGI mean) | 0.05 | 68 |
| External debt (2024) | 39.1 | 64 |
Pressure
2024Inputs only. Did not pass the pre-registered back-test: 1996–2009: AUC 0.657 below the single-input baseline (0.672).
Inputs
| Inflation | 220 |
| Change in inflation | 86.4 |
| Currency move against the dollar | 112.7% |
| Conflict deaths per million | 0.6 |
| Political stability | 0.01 |
| Private credit, three-year change | 1.9 |
| Bond spread over U.S. Treasuries | — |
Posture describes what an economy is doing; it is not a rating and never ranks countries. Each input is read against the country’s own history and against every other economy that year. An axis shows a score only after passing a back-test fixed before any result was computed. Method and back-test.
Country Schemas
Where Argentina is in its cycles
Where Argentina sits in eight long cycles, each read from published statistics against a method fixed before any reading was computed. A stage describes; it is not a rating, and no stage is better or worse than another.
- Development stage
Drive to maturity97% · 2025
Pre-take-offTake-offDrive to maturityHigh mass consumption20002025
- Demographic stage
Low stationary99% · 2025
High stationaryEarly expandingLate expandingLow stationaryDeclining20002025
- Debt cycle stage
Early cycle53% · 2025
Early cycleLeveragingLate cycleDeleveraging20002025
- External balance stage
Mature debtor59% · 2025
Immature debtorMature debtorDebt repayerImmature creditorMature creditorCredit disinvestor20002025
- Export structure stage
Commodity-reliant90% · 2025
Commodity-reliantDiversifyingManufacturing exporterComplex exporter20002025
- Structural pressure
Building95% · 2025
LowBuildingHighAcute20002025
- Middle-class stage
Middle-class majority72% · 2025
Pre-middle-classEmerging middle classMiddle-class majorityAffluent20002025
- Electoral cycle
Pre-election98% · 2026-10
Post-electionMid-termPre-election2020-012026-10
Passport reach
Where a Argentina passport opens doors
The share of world GDP, outside Argentina itself, in the economies whose published rules let a holder of this passport in, as of October 2026. Palanor records the rules of destinations holding 88% of world GDP, from each government’s own list, and weights them by World Bank GDP for 2025. Rank is among 199 passports.
Work
25.7%rank 36 of 199
the right to work (free movement in full; treaty and working-holiday routes at half); 1 destination in full, 18 at half.
Recorded changes
Investment migration programs
- Ciudadanía por inversión relevante (Ley 346 Art. 2 inc. 2 and Art. 2 bis, as amended by DNU 366/2025; Decreto 524/2025) citizenship · Not enactedGovernment minimum — for one person (agent fees excluded).
Reach is shown here and not weighted into Country Strength: it rewards membership of a free-movement area or a treaty more than the strength of an economy. Entry is always at the border officer’s discretion, and conditions (length of stay, fees, age limits) vary. Method, sources and the full ranking: Passports and citizenship.
Palanor calculation from each destination government's published rules; GDP weights from the World Bank (CC BY 4.0), one year for the whole line, so it moves only when a list changes.
GDP by expenditure
What Argentina’s economy runs on
In 2025, household spending was 70.0% of GDP, government consumption 14.9%, investment 16.1% and net exports +0.8% (exports 15.6%, imports 14.8%).
World Bank national accounts. The parts can miss 100 by a few points (the statistical discrepancy).
Same World Bank definition for every country, so the shares compare directly: What each economy runs on.
IMF World Economic Outlook
The IMF’s outlook for Argentina
The latest year before the October 2026 edition (often still an IMF estimate) and the IMF’s own projections. These are the IMF’s published forecasts, shown as published; Palanor does not project them further. Since the previous edition the IMF cut its growth forecast for this year by 1.4 percentage points (Palanor calculation).
| Measure | 2025 | 2026 IMF f’cast | 2027 IMF f’cast | 2031 IMF f’cast |
|---|---|---|---|---|
| Real GDP growth% | 4.5 | 2.1 | 3.5 | 3.0 |
| Inflation, average consumer prices% | 41.9 | 32.5 | 21.2 | 7.5 |
| Unemployment rate% of labor force | 7.4 | 7.6 | 7.1 | 6.5 |
| GDP, current US dollarsUS$ bn | 683.6 | 768.2 | 762.3 | 855.4 |
| GDP at purchasing-power parityintl $ bn | 1,495 | 1,577 | 1,683 | 2,089 |
| GDP per person, US dollarsUS$ | 14,399 | 16,021 | 15,741 | 16,974 |
| Current account balance% of GDP | -1.1 | 0.6 | 0.6 | 0.9 |
| Government gross debt% of GDP | 80.1 | 69.3 | 70.4 | 53.9 |
| Government overall balance% of GDP | -0.2 | 0.4 | 0.8 | 1.0 |
| Government primary balance% of GDP | 1.3 | 1.7 | 2.1 | 3.4 |
| Government net interest paid% of GDP · Palanor calc. | 1.5 | 1.2 | 1.3 | 2.4 |
Source: IMF World Economic Outlook Database (edition on the projection). Dashed: the IMF's published projection.
Source: IMF World Economic Outlook Database (edition on the projection). Dashed: the IMF's published projection.
Source: IMF World Economic Outlook Database, October 2026. Provided by the IMF “as is” and free of charge from the IMF; the IMF does not endorse Palanor. Net interest paid is a Palanor calculation: the IMF's primary balance minus its overall balance.
Charts
The headline series
Discourse
How often S&P 500 companies name Argentina
11 of 445 S&P 500 companies named Argentina on an earnings call in the 90 days to 2026-10-21. 3.5% list it in the risk factors of their latest 10-K. Names only, counted by fixed rules set before any document was read; a mention says the country came up, not why.
Conflict
Organized violence
News
In the news
- Grupo Mexico withdraws from Argentina rail privatization bid
The Mexican conglomerate pulls out of the Belgrano Cargas concession, undermining President Milei's privatization agenda.
Palanor Wire2026-10-21neutral
- US judge annuls $16 billion YPF claim against Argentina
US federal judge annulled $16 billion judgment against Argentina over 2012 YPF nationalization.
Palanor Wire2026-10-20neutral
- Argentina country risk surges to highest in a year
JP Morgan's EMBI indicator jumped to 710 points before moderating as Argentine bonds fell.
Palanor Wire2026-10-20neutral · -risk +surges
- Latin America: Fourteen dead in Colombia mine; YPF case dismissed in New York
Mine tragedy in Colombia, legal victory for Argentina, trade talks with Mexico
Palanor Wire2026-10-20neutral
- UK, Argentina clash in legal battle over Sea Lion oil
UK pledges legal protection for Falklands oil project as Argentina seeks international tribunal to halt development
Palanor Wire2026-10-13negative · -clash
- Latin America: Chile mine accidents, Argentina Malvinas claim escalate tensions
Mining accidents and Malvinas claims dominate regional developments as economic pressures persist.
Palanor Wire2026-10-12neutral
- Empieza a operar el primer buque 100% eléctrico que une a la Argentina y Uruguay
La Nación (Argentina)2026-10-22neutral
- Argentina: Cámara de Diputados aprueba las protecciones de Milei a la propiedad privada pero restituye la Ley de Tierras
La Tercera2026-10-22neutral
- Fenómeno k-pop: así se vive el furor por BTS en su primer show en la Argentina
La Nación (Argentina)2026-10-22neutral
- Un padre dirige a la Argentina y su hijo ataja para Inglaterra: el duelo familiar del Mundial de Powerchair Football
La Nación (Argentina)2026-10-22neutral
- Carlos Baute: su amor por la Argentina, su familia como prioridad y cómo vive la situación política de Venezuela
La Nación (Argentina)2026-10-21neutral
- Grupo México se baja de licitación de tren Belgrano Cargas en Argentina
Rumbo Minero2026-10-21neutral
- Grupo Mexico opts out of Argentina cargo rail bid in blow to Milei privatization drive
MINING.COM · Latin America2026-10-21neutral
- Así es el hot hatch que Toyota vende en la Argentina y que acelera de 0 a 100km/h en 5,2 segundos
La Nación (Argentina)2026-10-21neutral
Headlines that name Argentina, matched by name with fixed rules (a wrong match is worse than a missing one). Tone is read from each headline’s own words; no model reads or summarizes an article, and other publishers’ stories link out.
Company graph
Companies headquartered in Argentina
Palanor’s company graph holds 60 entities headquartered here, 3 with a listed ticker (GLEIF headquarters address, else legal address).
- Macro Bank Inc.BMA · BUENOS AIRES
- YPF SOCIEDAD ANONIMAYPF · Buenos Aires
- EDENOREDN · Ciudad Autonoma De Buenos Aires
Signals
Every series about Argentina
Grouped by theme, the most-read first. All 216 in the Library.
Growth and output10 of 38
- GDP per Person, Historical (Maddison): Argentina93rd percentile since 1800; highest since 2018; 1y +4.7%18,2922022
- GDP, Historical (Maddison): Argentina99th percentile since 1820; highest since 2017; 1y +5.2%854.92022
- Population, Historical (Maddison): Argentinarecord high since 1820; 1y +0.5%46,736,250 people2022
- Argentina · GDP · USD bn (current)record high since 1960; 1y +7.0%$683.1bn2025
- Argentina · Real GDP Growth · % y/y61st percentile since 1961; highest since 2022; 1y +5.71 pts4.37%2025
- Argentina · Agriculture, Forestry and Fishing Value Added · % of GDP22nd percentile since 1965; lowest since 2019; 1y −0.273 pts5.53% of GDP2025
- Argentina · Industry (incl. Construction) Value Added · % of GDP6th percentile since 1965; lowest since 2020; 1y −1.12 pts22.9% of GDP2025
- Argentina · Manufacturing Value Added · % of GDP6th percentile since 1965; lowest since 2019; 1y −1.60 pts13.6% of GDP2025
- Argentina · Services Value Added · % of GDP78th percentile since 1965; highest since 2018; 1y +2.50 pts56.2% of GDP2025
- Argentina · GDP per Capita · PPP USDrecord high since 1990; 1y +6.9%32,587 usd2025
Prices1 of 3
- Argentina · Inflation · CPI % y/y1y +86.39 pts219.9%2024
Jobs and people at work3 of 4
- Argentina · Female Labor Force Participation · %96th percentile since 1990; 1y +0.19 pts52.5%2025
- Argentina · Male Labor Force Participation · %24th percentile since 1990; lowest since 2022; 1y −0.11 pts71.7%2025
- Argentina · Unemployment Rate · %17th percentile since 1991; 1y unchanged7.15%2025
Money, rates and credit6 of 7
- Argentina Credit to the Private Non-Financial Sector (Local Currency)record high since Apr 1940; 1y +55.5%242,9242026-01-01
- Central Bank of Argentina Total Assets · % of Argentina GDP30th percentile since Jan 1998; 1y +3.46 pts22.1% of GDP2026-01-01
- Argentina · Bank Nonperforming Loans Ratio (IMF FSI)97th percentile since Jan 2012; highest since Oct 2019; 1y +3.73 pts5.29%2025-10-01
- Argentina · Bank Regulatory Capital to Risk-Weighted Assets (IMF FSI)79th percentile since Jan 2012; 1y −2.12 pts28.6%2025-10-01
- Argentina · Bank Return on Equity (IMF FSI)6th percentile since Jan 2012; 1y −11.13 pts4.44%2025-10-01
- Argentina Private Credit, Index 2015 = 100record high since 2015; 1y +80.6%19,0012025
Government and debt10 of 12
- Argentina · Government Debt · % GDP66th percentile since 1992; lowest since 2017; 1y −5.3%80.1 pct_gdp2025
- Argentina · Budget Balance · % GDP74th percentile since 1993; 1y −0.614-0.16 pct_gdp2025
- Argentina · Cyclically Adjusted Balance (IMF)83rd percentile since 1993; 1y −1.32 pts0.53% of potential GDP2025
- Argentina · Cyclically Adjusted Primary Balance (IMF)80th percentile since 1993; 1y −1.52 pts1.98% of potential GDP2025
- Argentina · Government Spending · % GDP53rd percentile since 1993; 1y +0.4%31.1 pct_gdp2025
- Argentina · Net Interest · % GDP29th percentile since 1993; lowest since 2014; 1y −13.8%1.48 pct_gdp2025
- Argentina · Primary Balance · % GDP77th percentile since 1993; 1y −39.2%1.32 pct_gdp2025
- Argentina · Budget Balance · % GDP (central govt)90th percentile since 1990; highest since 1993; 1y +3.670.08 pct_gdp2024
- Argentina · Interest · % of Revenue (central govt)17th percentile since 1990; lowest since 2021; 1y −0.14 pts8.46%2024
- Argentina · Interest · % of Expense (central govt)6th percentile since 1990; 1y −0.47 pts7.29%2023
Trade and capital flows3 of 4
- Argentina · Current Account · % GDP53rd percentile since 1976; 1y −2.06-1.14 pct_gdp2025
- Argentina · Net International Investment Position (IMF)11th percentile since Jan 2016; 1y −16.9%$33.9bn2026-04-01
- Argentina · Net International Investment Position, % of GDP (IMF)47th percentile since 1991; lowest since 2017; 1y −1.99 pts6.88% of GDP2025
Energy and resources10 of 18
- Argentina · Bioenergy Share of Electricity Generationrecord high since 2000; 1y +0.33 pts2.04% of generation2025
- Argentina · Carbon Intensity of Electricity13th percentile since 2000; lowest since 2003; 1y −0.3%345.6 gCO2e/kWh2025
- Argentina · Coal Share of Electricity Generation10th percentile since 2000; 1y +0.01 pts0.88% of generation2025
- Argentina · Electricity Generationrecord high since 2000; 1y +0.1%153.4 TWh2025
- Argentina · Gas Share of Electricity Generation71st percentile since 2000; highest since 2021; 1y +1.91 pts56% of generation2025
- Argentina · Hydro Share of Electricity Generation10th percentile since 2000; lowest since 2022; 1y −2.95 pts16.3% of generation2025
- Argentina · Nuclear Share of Electricity Generation87th percentile since 2000; highest since 2004; 1y +0.2 pts7.02% of generation2025
- Argentina · Other Fossil Fuels Share of Electricity Generation13th percentile since 2000; lowest since 2003; 1y −1.86 pts2.28% of generation2025
- Argentina · Solar Share of Electricity Generationrecord high since 2000; 1y +0.76 pts3.36% of generation2025
- Argentina · Wind and Solar Share of Electricity Generationrecord high since 2000; 1y +2.36 pts15.5% of generation2025
Conflict and geopolitics7 of 13
- Geopolitical Risk — Argentina97th percentile since Jan 1985; highest since May 2026; 1y +0.0877 pts0.1%2026-09-01
- Argentina Material Conflict Share of News Events (GDELT, Weekly)11th percentile since Jan 2019; 1y −6.62 pts4.8%2026-10-18
- Argentina · Organized-Violence Deaths (UCDP, annual)93rd percentile since 1989; highest since 2022; 1y +73.1%45 deaths2025
- Argentina · Governance · WGI six-dimension mean83rd percentile since 1996; highest since 2018; 1y +0.0820.05 index2025
- Argentina · Political Stability · WGI87th percentile since 1996; highest since 2017; 1y +1146.2%0.16 index2025
- Argentina · Regulatory Quality · WGI83rd percentile since 1996; highest since 2017; 1y +0.147-0.09 index2025
- Argentina · Rule of Law · WGI91st percentile since 1996; highest since 1998; 1y +0.155-0.1 index2025
Migration4 of 6
- International Migrant Stock: Argentina (UN)record high since 19901,958,039 people2024
- International Migrants as a Share of Population: Argentina (UN)56th percentile since 19904.28% of population2024
- U.S.-Born People Living in Argentina (UN)44th percentile since 199014,917 people2024
- Change in Migrant Share of Population Since 2000: Argentina (UN)0.142024
AI stance and technology4 of 6
- AI User Share: Argentina (Microsoft AI Diffusion)1y +5.60 pts23.4% of people aged 15-642026-06-30
- AI Optimism Lean · Argentina (Pew)1y −1.60 pts23.4%2026
- More Concerned Than Excited About AI · Argentina (Pew)1y −3.00 pts36%2026
- More Excited Than Concerned About AI · Argentina (Pew)1y −2.00 pts11%2026
Climate and the physical world10 of 12
- Argentina CO₂ Emissions (Global Carbon Budget)90th percentile since 1856; lowest since 2020; 1y −4.1%171.1 Mt CO₂2024
- Argentina CO₂ Emissions per Person (Global Carbon Budget)81st percentile since 1856; lowest since 2020; 1y −4.4%3.742024
- Argentina Cumulative CO₂ Emissions (Global Carbon Budget)record high since 1856; 1y +1.9%9.15 Gt CO₂2024
- Argentina · Arable Land · % of landrecord high since 1961; 1y +0.24 pts17.1% of land area2024
- Argentina · Renewable Freshwater · m³ per personrecord low since 1961; 1y −0.2%6,4312022
- Argentina · Forest Area · % of landrecord low since 1990; 1y −0.07 pts17.1%2024
- Argentina Tree Cover Loss (Global Forest Watch)31st percentile since 2001; lowest since 2021; 1y −6.0%202,720 ha2024
- Argentina · PM2.5 Exposure · µg/m³50th percentile since 1990; highest since 2008; 1y +3.5%14.3 µg/m³2020
- Argentina · Plastic Emitted to the Ocean by Rivers · tonnes per year (2015)4,053.1 t/yr2015
- Argentina · Share of Global River Plastic Emitted to the Ocean · % (2015)0.4% of world2015
Health and living standards10 of 18
- Births: Argentina24th percentile since 1950; 1y +1.6%503,8232023
- Deaths: Argentina95th percentile since 1950; lowest since 2019; 1y −12.6%349,1952023
- Fertility Rate: Argentina2nd percentile since 1950; 1y +1.2%1.52023
- Median Age: Argentinarecord high since 1950; 1y +1.2%32.1 years2023
- Population Aged 65 and Over: Argentinarecord high since 1950; 1y +0.169 pts12.2% of population2023
- Population: Argentinarecord high since 1950; 1y +0.3%45,538,401 people2023
- Argentina · Life Expectancy at Birth · yearsrecord high since 1960; 1y +0.2%77.5 years2024
- Argentina · Tertiary Enrollment Gender Gap · pts (women − men)94th percentile since 1970; lowest since 2020; 1y −1.18 pts63.32023
- Argentina · Tertiary Enrollment, Men · % grossrecord high since 1970; 1y +1.31 pts76.9% gross2023
- Argentina · Tertiary Enrollment, Women · % gross97th percentile since 1970; 1y +0.124 pts140.2% gross2023
Sentiment and attention1
- Argentina · Search Attention37th percentile since Sep 2021; lowest since Jan 4, 2026; 1y −15.4%11 index2026-09-20
More about this country4 of 20
- Argentina · Total Reserves incl. Gold (IMF)94th percentile since Dec 1950; highest since Sep 2019; 1y +21.1%$48.5bn2026-08-01
- Argentina · IMF Credit Outstanding · USD bn (IMF)99th percentile since Apr 1957; lowest since Apr 2026; 1y +0.3%$57.4bn2026-09-01
- Argentina · Exchange Rate per US Dollar (IMF)record high since May 1962; 1y +13.0%1,495.4 per USD2026-08-01
- Argentina · IMF Credit Outstanding, % of GDP85th percentile since 1983; highest since 2021; 1y +2.01 pts8.37% of GDP2025
Peers
Elsewhere in South America
Alphabetical. Palanor does not rank countries.
BoliviaBrazilChileColombiaEcuadorFalkland IslandsFrench GuianaGuyanaParaguayPeruSurinameUruguayVenezuela