Released between the first and second week of the month, the report assesses the recent performance of Argentina’s overall economic activity, industrial production and construction. Benefiting from the commodity price boom, Argentina’s Gross Domestic Product (GDP) -measured in constant US dollars-doubled since the aftermaths of the crisis in 2002 and while it lost positions against Chile and Uruguay during the last few years, Argentina still enjoys the third highest per capital GDP in Latina America. In nominal GDP terms (in US dollars), the country is the third-largest in Latin America and the second largest in South America (after Brazil). In spite of the growth of the agricultural sector over the last twenty years, the country benefits from a considerable internal market size. Moreover, the country has had historically a high rating on the Human Development Index (ranking 48th worldwide in 2019) and the high-tech sector has been growing fast.
Construction is another sector that boomed since the crisis in 2002 and has seen a growing presence of overseas investors. Against this background, the report assesses the latest developments in terms of economic, industrial and construction activity. For economic and industrial activity, it looks at the evolution of the main constituent sub-sectors (textiles, machinery, food, etc.) and also at retail trade (home appliances, pharmaceutics, footwear, etc.). For construction, it looks at overall developments and construction input (cement, iron and steel, etc.), as well as the outlook for the sector and the main driving forces. For all these sectors, the report presents the main economic drivers of the latest dynamics and discusses policies directed towards boosting economic activity. Market forecasts for economic activity are also presented and revised. The report is a must-have to follow the pulse of the Argentinean economy.
