Argentina: Recent Economic Developments

IMF Staff Country Reports, December 1, 1995

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Argentina: Recent Economic Developments

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Bibliographic details

• Published: December 1, 1995
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451801255.002

Summary and Context

• Paper describes economic developments in Argentina during the 1990s.
• Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country.
• Views expressed are those of the staff team and do not necessarily reflect the views of the Government of Argentina, or the Executive Board of the IMF.
• Confidential material has been removed at the request of the member.

Real GDP and Growth

• Since the implementation of the Convertibility Plan in early 1991, real GDP grew by more than 7 percent a year.
• Cumulative growth of real GDP was 35 percent over the years 1991–94.
• Prior to this period, GDP had been stagnating for more than a decade.

Inflation and Price Stabilization

• Consumer price inflation had peaked at 3,000 percent in 1989.
• Inflation declined to 4 percent (average) in 1994 following the implementation of the Convertibility Plan.

Investment and Capital Formation

• Gross fixed investment recovered to nearly 20 percent of GDP by 1994.
• This recovery reflected a real growth rate of 22 percent a year during the period.

Subject Areas and Keywords Covered

• Subject: Economic sectors, Expenditure, Financial institutions, International organization, International trade, Monetary policy, Taxes
• Keywords: automobile production, Boldings of SDR, capital goods, cost of capital, Europe, IMF data, Imports, legal reserve, Loans, Privatization, Tariffs