Argentina - Money

Argentina’s economy accelerated in the first quarter and GDP growth more than doubled the previous quarter’s expansion. More recent data show that the positive momentum has likely been carried over into the second quarter. Economic activity picked up in May as the government speeds up spending ahead of the October elections and industrial production recorded the first expansion in nearly two years in June due to a rebound in the automobile industry. Against the backdrop of a better economic outlook and more confident consumers, Argentinians headed to the mandatory primary elections on 9 August. Official results show that the Front for Victory’s candidate Daniel Scioli leads with nearly 39% of the vote, while the head of the opposition, Mauricio Macri, managed to gain 31% of the vote. These tight results, which are seen as the most accurate indicator of who is better positioned to succeed President Cristina Kirchner, suggest a second-round vote will likely be necessary after the main election is held later this year.

Argentina - Money Data

2010  2011  2012  2013  2014  
Money (annual variation in %)34.6  29.8  38.4  25.7  28.9  

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Argentina Money Chart


Argentina Money
Note: Annual variation of M2 in %.
Source: Argentina Central Bank and FocusEconomics calculations.

Argentina Facts

ValueChangeDate
Bond Yield6.690.15 %Dec 17
Exchange Rate9.270.08 %Aug 24
Stock Market9,778-0.56 %Aug 25

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