Argentina peak

16 Oct 2019

World Bank:

In 2018, Argentina was hit hard by a series of external and internal factors including a severe drought, global financial volatility in emerging markets following the Fed’s adjustment of the interest rate, and market perceptions on the pace of fiscal reforms. The country announced a program with the International Monetary Fund (IMF) worth US$57 billion, with the aim to stabilize public accounts to reach a primary fiscal balance by end of 2019.

Argentina is currently in a precarious economic balance. The peso devalued significantly in 2019, annual inflation is over 50% and GDP has contracted 2.5% in 2018, and another 2,5% in the first half of 2019.

Update June 2019

Update September 2016


Update June 2016





Update June 2015

Oil production peaked in 2001 at 910 kb/d. Due to rising consumption after 2004, Argentina is now oil net importer.