Money in Argentina

Argentina Money | Economic News & Forecasts

Argentina - Money

The transition from a highly-regulated economy to a market-oriented economy is proving difficult for Argentina. Recent GDP data released by the statistical office show that the economy entered recession after recording the third consecutive quarter-on-quarter contraction in the first quarter of this year. GDP expanded a weak 0.5% on an annual basis as a deterioration in private consumption due to high inflation and the removal of utility subsidies took a toll on growth. Moreover, government spending decelerated notably and fixed investment swung to a contraction. Meanwhile, President Mauricio Macri’s push for reforms continues. In a bid to stimulate domestic demand and halt growing opposition to his austerity reforms, Macri has recently announced limits on utility price increases and an increase in pension benefits. Moreover, despite his party’s minority, last month both chambers of Parliament approved a tax amnesty that aims at repatriating capital stashed abroad in order to increase government revenues.

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 Rate14.91-0.57 %Jul 22
Stock Market15,8470.43 %Jul 22

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