Argentina’s Economy Report 2023

What’s in store for Argentina’s economy? The Argentinian economy is going through turbulent times amid hyperinflation, a crumbling peso, a brutal drought hitting agricultural output, and general elections scheduled for October. Our country report cuts through the uncertainty with focused written analysis, tables, charts and forecasts from over 50 expert analysts for dozens of key economic indicators. About FocusEconomics FocusEconomics is a leading provider of economic analysis and forecasts for over 200…

How landlords and tenants survive in a country with 100% plus inflation

Landlords and Tenants in Argentina are between a rock and a hard place. There is a substantial rental property shortage caused by an incompetent government that made laws that made it so unattractive for Landlords to rent properties that many choose to short-term their properties using tools like Airbnb. Hopefully, a new government will change these, making the market more stable. The Chamber of Deputies passed a bill this week that proposes, to put it simply, to restore some of the controversial aspects of…

Argentina’s likely new President intends to snap the current oppressive farming taxes and privatise the state oil company.

Javier Milei – the libertarian candidate in Argentina’s Presidential Election – would remove state interference from Argentina’s massive farming industry, resulting in a boom in exports and foreign investment. Milei, a free-market advocate, promised to dismantle the policies that have prevented agricultural investment in this century. Milei would eliminate export tax quotas and unify the foreign exchange rate. He also wants to stop direct interference in food prices. On Wednesday, Milei…

Key economic indicators of Argentina – Statistics & Facts for 2023

Argentina is considered a developing nation of upper-middle-income. It is the third largest economy in Latin America and, as its membership in the G20 and prospective accession to the OECD reflect, it stands among the world’s major economies. Argentine GDP was estimated at 488.6 billion U.S. dollars in 2021, considerably far from the GDP of its regional competitors, Brazil and Mexico. Nevertheless, since the GDP is not adjusted for a country’s population size, GDP per capita is better suited for country-to-country…

Argentines continue to flock to Uruguay to Invest

Data released by the Central Bank of Uruguay (BCU) reveals that, as of December 31, 2022, the investment advisors and portfolio managers sector in Uruguay had grown in terms of clients and employees. Specifically, there were 67 portfolio managers and 106 investment advisors in the country, an increase of 10 from the previous year. These advisors and managers managed the assets of 36,170 clients, 21.5% more than at the end of 2021, and employed 951 people. Of the total number of clients, 63.7% were Argentines,…

Buenos Aires ranked the Best City in Latin America for Event Tourism

The City of Buenos Aires was ranked first in America in the 2022 edition of the ranking prepared by the International Association of Congresses and Conventions (ICCA) after holding 66 approved events and climbing one position compared to the previous year’s list. , in which it was second behind Montreal. Within the framework of the recovery of meeting tourism, it should be noted that this is 52% of the ICCA events that took place in the City during 2019, In addition, the national capital again held first…

Argentina again flirts with Hyperinflation

Argentina has taken a sharp turn for the worse, with the Argentine peso losing half its value in one year, prices doubling, and pesos doubling. What’s worse is that this results from almost one hundred years of fiscal dominance, where the central bank always accommodates the government’s deficit. This has caused more than half of the population to fall into poverty, and the highest earners have incomes comparable to the lowest earners in developed countries. On top of this, Argentina has price controls,…

As a consequence of a historic Argentine drought, it could lose its position as the world’s leading soy meal exporter

On Tuesday, the Rosario stock exchange (BCR) said that Argentina is set to lose its status as the world’s top exporter of processed soy meal due to the toll of a historic drought on the country’s main cash crop. In a report, the Rosario stock exchange (BCR) predicted that Argentina’s soy meal shipments will likely be overtaken by neighbour Brazil for the first time in a quarter century during the current harvest. The 2022/2023 national soy meal output is expected to plummet 36% from the previous…

Argentina’s grain harvest suffers under the worst drought in 60 years

Argentina is currently facing a crisis as the country endures its worst drought in 60 years. The effects of climate change and the dry conditions have led to a significant decrease in the country's grain harvest, which is the main export for Argentina. This news comes as the country is already struggling with high levels of inflation, creating further challenges for the economy. While the situation is dire, it's important to acknowledge Argentina's resilience in the face of adversity. The government and its people must work together to find solutions and come out stronger on the other side.
Argentina faces a crisis as it endures its worst drought in 60 years. The effects of climate change and the dry conditions have led to a significant decrease in the country’s grain harvest, which is the main export for Argentina. This news comes as the country is already struggling with high inflation levels, creating further economic challenges. While the situation is dire, it’s important to acknowledge Argentina’s resilience in adversity. The government and its people must work together…

Argentina’s worst drought in memory lands a new blow to the economy

Gross domestic product in South America’s second-largest economy, which desperately needs US dollars, will shrink 3 per cent this year, worse than the previous forecast for a 1.5 per cent contraction, as one of the worst droughts in recent memory ravages crucial farm exports.  Argentina’s looming recession will be more profound than first expected as one of the worst droughts in recent memory ravages crucial farm exports.  Gross domestic product in South America’s second-largest economy, which desperately…

Freight trains in Argentina marked another record year: they exceeded 8.4 million tonnes transported

For the second consecutive year, the 8 million tons were transported through the state freighter TAC, which remains the most extensive rail operator in the country with a 35% market share. Cargo transportation increased by 57% compared to the three previous years after exceeding 8 million tons mobilized for the second consecutive year. Through Trenes Argentinos Cargas, the largest railway operator in the country, 8,418,271 tons were mobilized during 2022, consolidating the objectives set within the framework…

Our view of Argentina’s economy over the next five years

It’s difficult to predict the future with certainty, but here is a hypothetical scenario for Argentina over the next five years. Over the next five years, Argentina is likely to face a number of challenges and opportunities. One major challenge is the country’s struggling economy, which has been hit hard by inflation, high unemployment, and a large public debt. In recent years, the Argentine government has implemented a number of measures to address these issues, including negotiating a loan with…

Why does Argentina have a dual currency ? The Blue Rate

In Argentina, where about a dozen different exchange rates overlap, the government is creating ever more rules about who can access dollars and for what, making an already vexing system more complicated in a bid to delay the inevitable devaluation. Is the Blue Market Really a Black Market? In a standard economy, money is money. Whether you carry a briefcase of crisp hundreds into a bank in New York or a sack filled with small bills into a branch in Nebraska, the deposit to your account will look precisely the…

French giant RAGT Semences Acquires Argentine Seed Company Tobin

The seed division of the French agriculture and life sciences giant, RAGT Semences, acquired 100% of the equity of the traditional Argentine seed company, Tobin. Groupe RAGT, based in Rodez, Aveyron, employs 1,450 persons, with annual revenue of € 411 million. RAGT Semences develops and markets seeds in Argentina and in 47 other countries around the world.  The Tobin acquisition reinforces RAGT’s commitment to Argentina. Tobin was a family-owned company focused on sorghum, maize, and sunflower seed…

The buying and selling of farms are recovering, leaving unsatisfied demand for the main producing regions of Argentina

It happens amid the instability of stock and financial assets in the world, the acceptable values for commodities and the price of land. The instability of the stock market and other financial assets at a global level, plus the high value of commodities and land, are three of the factors that weigh more and more on investors when buying a farm. These elements put the activity of the rural real estate market throughout the country on the rise. To the point that currently, the demand for agricultural land in…
Real Estate and Investment News from South America
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