ARGENTINEAN ECONOMY SIZE

Argentina's GDP percent change

The crisis of 1995 led to a decline in real GDP of 4.6 percent, but by the second half of 1996 the economy had recovered and begun to resume a fairly high level of growth.

Numbers for 1996 place Argentina's gross domestic product (GDP) at US$ 297 billion, up 6.3 percent in nominal terms (and 4.3 percent in real terms) from the prior year.

The strongest component of demand was gross fixed investment, which was 8.3 percent higherin 1996 than in 1995. Growth in industrial product, which grew 12.1 percent in the 4th quarter, was up 4.4 percent for the year as a whole.

In 1997, current economic projections are indicating that GDP will run a very positive 6-8 % in real terms. Growth in the economy will continue to be led by investment and exporting, with consumption expenditures falling behind.In 1997, current economic projections are indicating that GDP will run a very positive 6-8 % in real terms.

In later 1996 and first half of 1997 the supply of credit grew substantially (together with banking deposits).

Supply of credit to the private sector (excluding banks) grew from US$ 47.8 billion by the end of 1995, to US$ 51.4 billion by the end of 1996, and to US$ 54 billionby May 1997. 

Another measure of the size of Argentina's economy is found in per capita GDP, which in 1996 was calculated as US$ 8,400. Per capita GDP has grown at a CAGR of 16.6 percent since 1980, when figurewas US$ 712.

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