High inflation and currency misalignments show that Argentina remains under pressure

D4

HIGH RISK

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in November 2022.

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GDP USD 491.5bn (World ranking 26, World Bank 2021)
Population 45.8mn (World ranking 32, World Bank 2021)
Form of state Presidential republic
Head of state Alberto Fernández (President)
Next elections October 2023, legislative
  • Rich Natural resources (notably oil & gas)
  • Highly literate population
  • Diversified industrial base
  • Major agricultural exporter – notably soya and wheat
  • Vulnerable to changes in agricultural prices
  • Macroeconomic imbalances and weakened institutional framework
  • Nine sovereign defaults, two in the past 20 years
  • Capital controls in a context of recurring FX shortages

Trade structure by destination/origin

(% of total, annual 2021)

Exports Rank Imports
Brazil 15.1%
1
21.4% China
China 7.9%
2
19.6% Brazil
United States 6.4%
3
9.4% United States
India 5.5%
4
4.6% Paraguay
Chile 5.4%
5
4.0% Germany

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Cereals and cereal preparations 16.2%
1
10.1% Road vehicles
Feedstuff for animals (excluding unmilled cereals) 11.8%
2
6.2% Office machines and automatic data processing machines
Fixed vegetable oils and fats, crude, refined or fractionated 7.5%
3
5.7% Other industrial machinery and parts
Road vehicles 5.9%
4
5.5% Medicinal and pharmaceutical products
Meat and meat preparations 4.2%
5
5.1% Electrical machinery, apparatus and appliances, n.e.s.
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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