Public Debt in Argentina
Argentina - Public DebtThe economy seemingly moved into a lower gear in Q1. Annual growth in economic activity slowed in the quarter. Moreover, consumer confidence dropped further, while inflation spiked. On top of this, the industrial sector expanded at a weaker pace than in Q4. Turning to Q2, a further deterioration in consumer confidence in April-May, coupled with rising inflation, bodes poorly for household spending and overall activity. Meanwhile, the country recently postponed payments on its over USD 2 billion debt to the Paris Club group until 2024 or until a new framework is agreed. Moreover, the government launched a tender to build a new gas pipeline from the Vaca Muerta shale formation, which could increase transport capacity by 25%, and is encouraging investment in the project. Finally, in order to reduce the fiscal deficit, an 'extraordinary income' tax was announced in June, which should mainly affect the grains industry.
Argentina - Public Debt Data
|Public Debt (% of GDP)||52.6||53.1||56.6||86.0||89.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||59.88||0.45 %||Dec 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 12, 2022
Consumer prices soared 7.41% from the previous month in July, accelerating from the 5.30% rise logged in June.
August 11, 2022
Industrial output grew 6.9% in year-on-year terms in June, which was a deterioration from May's 12.1% increase.
August 10, 2022
Industrial production rose 6.9% year on year in June (May: +12.1% yoy).
August 5, 2022
On 28 July, the Central Bank of Argentina (BCRA) decided to hike the LELIQ rate to 60.00% from 52.00% in a bit to tame inflation.
August 4, 2022
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased to 34.7 in July from 39.1 in June.