The best books on gdp five books expert recommendations. Data on argentina reconstructing global inequality clio infra. Views on social progress since the industrial revolution are largely based on historical national accounting in the tradition of kuznets and maddison. In 2018, argentinas real gross domestic product had decreased by around 2. Argentina economic indicators latam daily briefing. Argentina started the 20th century as one of the richest ten country in the world.
The gross domestic product per capita in argentina was last recorded at 10040. The tragedy of argentina a century of decline briefing. The gross domestic product, as the main indicator of economic development and an indicator of social progress, in argentina per capita is usually characterized by extreme irregularity. The gross domestic product gdp in argentina was worth 450 billion us dollars in 2019, according to official data from the world bank and projections from trading economics. Argentina gross domestic product gdp growth rate 2021. The gdp per capita in argentina is equivalent to 80 percent of the worlds average. S dollars per person, for the latest year for which data is published. The tragedy of argentina a century of decline briefing the. From the longterm perspective of social history, we know that economic.
Economic history of argentina, buenos aires central business district, argentine currency board, rogelio frigerio. The gdp dollar estimates presented here are either calculated at market or government official exchange rates nominal, or derived from purchasing power parity ppp. Gdp per capita in argentina real gdp per capita in argentina. Gdp per capita is gross domestic product divided by midyear population. World economics makes available of worlds most comprehensive gdp database covering over countries with historical gdp ppp data from 18702018, building on the lifetimes work of angus maddison. After the fall of the roman empire, the west entered a recession that lasted about a millennium. So, if you just looked at gdp per capita, then japan and britain were more or less the same. In 1895 argentina had the worlds highest gdp per capita.
If argentina appeared to enjoy stability in the prewar era, its history since then. Argentina simple english wikipedia, the free encyclopedia. List of countries by past and projected gdp nominal per. So in 1990 the year of gdp was four thousand three hundred thirtynine u. The human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. A history of economic trouble in argentina world finance. Annual percentage growth rate of gdp per capita based on constant local currency. This page provides argentina gdp per capita actual values, historical data, forecast, chart, statistics.
Consumer confidence falls deeper into pessimistic terrain in april amid containment measures. The name argentina comes from the latin argentum as the spanish conquistadors believed the area had silver. Brian nolan has edited two books on the question which were published just recently. A glance at argentinas economic history argentinas per capita incomes were among the top ten in the world a century ago, when they were 92% of the average of the 16 richest economies bolt and van zanden, 2014. At the time, argentina had a per capita income that was 50 percent greater than italys, and nearly twice that of japans.
Gdp and spending gross domestic product gdp oecd data. Gross domestic product gdp is the standard measure of the value added created through the production of goods and services in a country during a certain period. Gdp per capita in argentina 2024 gross domestic product gdp growth. Furthermore, argentinians were four times as wealthy as brazilians. Since 2009, gross domestic product in argentina has fluctuated significantly. Today, per capita incomes are 43% of those same 16 rich economies.
Income per head was 92 percent of the average of 16 rich economies. Country report 2017 includes argentina real gross domestic product growth rate, with latest forecasts and historical data, gdp per capita, gdp composition and breakdown by sector. Argentina since the end of the great recession argentinas industry. Since 1969, gdp per capita growth of argentina fluctuated between a low of 11. Argentinas currency declined by about 50% in 2018 to more than 38 argentine pesos per u. South america argentina the world factbook central. Agriculture, value added % of gdp agriculture corresponds to isic divisions 15 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production.
The economic history of argentina presents one of the most dramatic. The following estimates of per capita income of the world was made by angus maddison emeritus professor, university of groningen, 1999 in his article poor until 1820. This helped argentinas grain exports improve from 100,000 tons to 2,500,000 tons 25x expansion between 1870 and 1910. In 1950 argentine income per head was twice that of spain, its former coloniser.
How was life in 1820, and how has it improved since then. Although its gdp per capita was only about half that of the u. These improvements had propped argentina up to its position of prominence in per capita terms by the 1910s. How argentina fell off its pre1914 growth path is the subject of this extremely useful volume that brings together the most recent research by economists, political scientists, and historians.
Below you will find the last recordings for the indicator. The gross domestic product gdp of an economy is a measure of total. Argentina gdp per capita 19602018 data historical chart. However, a study by maddison historical statistics revealed that in 1895 and 1896 argentina was not one of the richest countries in the world, but the number one, with the worlds highest gdp. Argentina circa 1914 was one of the wealthiest countries in the world, with a gdp more than twice the average for latin america and southern europe. Within latin america, argentina has the fifth highest nominal gdp per capita and the highest in purchasing power terms. The imf publishes a range of time series data on imf lending, exchange rates and other economic and financial indicators. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. Argentina second largest country in south america youtube. Despite this, up until 1962 the argentine per capita gdp was higher than that of austria, italy, japan and of its former colonial. Dollar and as of in that year is under a standby program from the.
Its income per head was 92% of the average of 16 rich economies. Beef exports grew from 25,000 tons to 365,000 14x expansion tons. An interpretation of argentine economic and political history. In 1909, per capita income in argentina was 50 percent higher than in italy, 180 percent. Historically, however, argentinas economic performance has been very uneven, in. It had a per capita income much higher than that of japan and italy and comparable to that of france. This means that if the cambridge history of latin america, vol. The country benefits from rich natural resources, a highly literate population, an exportoriented agricultural sector and a diversified industrial base.
The gross domestic product gdp per capita is the national output, divided by the population, expressed in u. Economy and society has 622 pages, and the economic history of latin american since independence has 506, posting the war on drugs or peron in. Historical per capita growth of gdp per capita in 1985 u. The government passed important pension, tax, and fiscal reforms. Browse additional economic indicators and data sets, selected by global finance editors, to learn more about argentina economic outlook, debt to gdp ratio. Per capita income in world history iowa state university. Argentina negotiated debt payments with holdout bond creditors, continued working with the imf to shore up its finances, and returned to international capital markets in april 2016. Inflation falls to over oneyear low in april amid lockdown. As such, it also measures the income earned from that production, or the total amount spent on final goods and services less imports. Purchasing power parity converted gdp per capita relative to the united states, average gekscpdw, at current prices for argentina u. The oldest signs of people in argentina are in the patagonia piedra museo, santa cruz, and are more than,000 years old. Though argentina real gdp per capita fluctuated substantially in recent years, it tended to increase through 1969 2018 period ending at 10,044 us dollars in 2018.
Argentina, gdp, per capita economic data series fred. Early in the twentieth century argentina had one of the ten highest per capita gdp levels in the world, on par with canada and australia and surpassing both france and italy. Argentina, by contrast, had a history of a few rich landowners on great. Til in 19, argentina was the worlds 10th wealthiest. The nation has a high quality of life and gdp per capita, which is since 2011 the highest in latin america. Global finance magazine argentina gdp and economic data. Manuals, guides, and other material on statistical practices at the imf, in member countries, and of the statistical community at large are also available.
The economic history of argentina is one of the most studied, owing to the argentine paradox. Argentina economy gdp, inflation, cpi and interest rate. World bank national accounts data, and oecd national accounts data files. For available datasets with historical boundaries click here. For a while its economic position in the world was comparable to that of, say, germany today. If this large workingage population is welleducated and gainfully employed, argentina is likely to experience an economic boost and possibly higher per capita savings. If argentina appeared to enjoy stability in the prewar era, its history since then has been marked by a succession of military coups. In 2017, argentinas economy emerged from recession with gdp growth of nearly 3. Dollars, annual, not seasonally adjusted 1960 to 2018 dec 20 consumer price index. Hci and gdp per capita ppp log scale, horizontal axis productivity relative to benchmark of complete education and full health.
This is an alphabetical list of countries by past and future gross domestic product per. Id refer to argentinas debttogdp, brazils taxtogdp, revenuestogdp. Gdp is the sum of gross value added by all resident producers in the economy plus any product. Argentina has vast natural resources in energy and agriculture. In addition, it is estimated that gdp per capita in argentina has been similarly volatile. Analysts have argued that the country has a foundation for future growth due to its market size, levels of foreign direct investment, and percentage of hightech exports as share of total manufactured goods, and it is. While the population under age 15 is shrinking, the youth cohort ages 1524 is the largest in argentinas history and will continue to bolster the workingage population.
1461 1591 1576 329 1576 656 1241 1076 251 1175 114 555 1272 1491 394 712 372 1515 1 188 257 468 997 920 706 240 1382 945 1290 266 1019 1379 158 1259 362