High inflation and currency misalignments show that Argentina remains under pressure
D4
HIGH RISK
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in November 2022.
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GDP | USD 632.8bn (World ranking 22, World Bank 2022) |
Population | 46.2mn (World ranking 33, World Bank 2022) |
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%
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1 |
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China
7.9%
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2 |
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United States
6.4%
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3 |
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India
5.5%
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4 |
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Chile
5.4%
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5 |
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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.
|
Collection Complexity
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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