Within latin america, argentina has the fifth highest nominal gdp per capita and the highest in purchasing power terms. In 2017, argentinas economy emerged from recession with gdp growth of nearly 3. The name argentina comes from the latin argentum as the spanish conquistadors believed the area had silver. S dollars per person, for the latest year for which data is published. In 2018, argentinas real gross domestic product had decreased by around 2. This is an alphabetical list of countries by past and future gross domestic product per. Til in 19, argentina was the worlds 10th wealthiest. In the americas south and north, canada, us, brazil and argentina are the largest countries in that order. So in 1990 the year of gdp was four thousand three hundred thirtynine u. Argentina started the 20th century as one of the richest ten country in the world.
Although its gdp per capita was only about half that of the u. Argentina, by contrast, had a history of a few rich landowners on great. 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. Since 1969, gdp per capita growth of argentina fluctuated between a low of 11. 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. Historical per capita growth of gdp per capita in 1985 u. The government passed important pension, tax, and fiscal reforms. Hci and gdp per capita ppp log scale, horizontal axis productivity relative to benchmark of complete education and full health. Browse additional economic indicators and data sets, selected by global finance editors, to learn more about argentina economic outlook, debt to gdp ratio. Argentina gross domestic product gdp growth rate 2021. A century ago, there were only seven countries in the world that were more prosperous than argentina belgium, switzerland, britain and four former english colonies including the united states, according to angus maddisons historic incomes database. Inflation falls to over oneyear low in april amid lockdown. The gross domestic product gdp of an economy is a measure of total.
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. Dollar and as of in that year is under a standby program from the. 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. 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. Consumer confidence falls deeper into pessimistic terrain in april amid containment measures. The best books on gdp five books expert recommendations. In 1909, per capita income in argentina was 50 percent higher than in italy, 180 percent. Gdp is the sum of gross value added by all resident producers in the economy plus any product. The nation has a high quality of life and gdp per capita, which is since 2011 the highest in latin america. The gdp per capita in argentina is equivalent to 80 percent of the worlds average. Argentina has vast natural resources in energy and agriculture. 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. Beef exports grew from 25,000 tons to 365,000 14x expansion tons.
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. The gross domestic product per capita in argentina was last recorded at 10040. Argentina simple english wikipedia, the free encyclopedia. Furthermore, argentinians were four times as wealthy as brazilians. Argentina economy gdp, inflation, cpi and interest rate. As such, it also measures the income earned from that production, or the total amount spent on final goods and services less imports. For a while its economic position in the world was comparable to that of, say, germany today.
Global finance magazine argentina gdp and economic data. 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. Per capita income in world history iowa state university. Gdp per capita is gross domestic product divided by midyear population. Income per head was 92 percent of the average of 16 rich economies. Purchasing power parity converted gdp per capita relative to the united states, average gekscpdw, at current prices for argentina u. 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. In 2018, real gdp per capita for argentina was 10,044 us dollars. 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. It had a per capita income much higher than that of japan and italy and comparable to that of france. 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. These improvements had propped argentina up to its position of prominence in per capita terms by the 1910s.
In 1895 argentina had the worlds highest gdp per capita. An interpretation of argentine economic and political history. South america argentina the world factbook central. At the time, argentina had a per capita income that was 50 percent greater than italys, and nearly twice that of japans. If this large workingage population is welleducated and gainfully employed, argentina is likely to experience an economic boost and possibly higher per capita savings. The economic history of argentina is one of the most studied, owing to the argentine paradox. In 1950 argentine income per head was twice that of spain, its former coloniser. In 2018, gdp per capita growth for argentina was 3.
The tragedy of argentina a century of decline briefing the. World bank national accounts data, and oecd national accounts data files. Economic history of argentina, buenos aires central business district, argentine currency board, rogelio frigerio. 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. The economic history of argentina presents one of the most dramatic. Argentina, gdp, per capita economic data series fred. 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. If argentina appeared to enjoy stability in the prewar era, its history since then has been marked by a succession of military coups.
If argentina appeared to enjoy stability in the prewar era, its history since then. Views on social progress since the industrial revolution are largely based on historical national accounting in the tradition of kuznets and maddison. The gdp dollar estimates presented here are either calculated at market or government official exchange rates nominal, or derived from purchasing power parity ppp. Argentinas currency declined by about 50% in 2018 to more than 38 argentine pesos per u.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. From the longterm perspective of social history, we know that economic. Dollars, annual, not seasonally adjusted 1960 to 2018 dec 20 consumer price index. The imf publishes a range of time series data on imf lending, exchange rates and other economic and financial indicators. The gross domestic product gdp per capita is the national output, divided by the population, expressed in u. Argentina since the end of the great recession argentinas industry. How was life in 1820, and how has it improved since then.
List of countries by past and projected gdp nominal per. 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 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. So, if you just looked at gdp per capita, then japan and britain were more or less the same. Despite this, up until 1962 the argentine per capita gdp was higher than that of austria, italy, japan and of its former colonial. This helped argentinas grain exports improve from 100,000 tons to 2,500,000 tons 25x expansion between 1870 and 1910. Below you will find the last recordings for the indicator.
Its income per head was 92% of the average of 16 rich economies. This page provides argentina gdp per capita actual values, historical data, forecast, chart, statistics. Annual percentage growth rate of gdp per capita based on constant local currency. Data on argentina reconstructing global inequality clio infra. Argentina second largest country in south america youtube. Argentina gdp per capita 19602018 data historical chart. Gdp and spending gross domestic product gdp oecd data. A history of economic trouble in argentina world finance. Argentina economic indicators latam daily briefing. Manuals, guides, and other material on statistical practices at the imf, in member countries, and of the statistical community at large are also available. In addition, it is estimated that gdp per capita in argentina has been similarly volatile. 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.
Brian nolan has edited two books on the question which were published just recently. Gdp per capita in argentina real gdp per capita in argentina. This means that if the cambridge history of latin america, vol. 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. Gdp per capita in argentina 2024 gross domestic product gdp growth. The oldest signs of people in argentina are in the patagonia piedra museo, santa cruz, and are more than,000 years old. Id refer to argentinas debttogdp, brazils taxtogdp, revenuestogdp. After the fall of the roman empire, the west entered a recession that lasted about a millennium. Today, per capita incomes are 43% of those same 16 rich economies. The tragedy of argentina a century of decline briefing. For available datasets with historical boundaries click here. Historically, however, argentinas economic performance has been very uneven, in.
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