Money in Argentina

Argentina Money | Economic News & Forecasts

Argentina - Money

Argentina’s national statistical office recently began publishing first official data again, following a months-long data dearth that resulted from the statistical overhaul the new government had pledged to undertake. According to a preliminary estimate, the economy expanded a remarkable 2.1% in 2015, thus accelerating over 2014’s increase. Last year’s expansion was led by a record soy harvest, which boosted production in the agricultural sector. Encouraging developments were also recorded in the construction and services sectors. Meanwhile, Argentina is now one step closer of settling the decade-long dispute with the country’s creditors. In late-March, Congress approved the deal with the holdouts and, earlier this month, the United States Court of Appeals upheld a ruling to lift the injunction that had banned the country from paying its creditors. The government has likely settled the sale of USD 15 billion in bonds on 18 April, the proceeds of which will be used to pay holdouts.

Argentina - Money Data

2011  2012  2013  2014  2015  
Money (annual variation in %)29.8  38.4  25.7  28.9  28.2  

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Argentina Money Chart

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

Argentina Facts

Bond Yield6.690.15 %Dec 17
Exchange Rate14.200.13 %May 03
Stock Market13,166-2.83 %May 03

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