{
  "title": "Argentina: Recent Economic Developments",
  "publication": "IMF Staff Country Reports, December 1, 1995",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/argentina-recent-economic-developments-631",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/30/argentina-recent-economic-developments-631",
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  "summary": "This paper describes economic developments in Argentina during the 1990s. Since the implementation of the Convertibility Plan in early 1991, real GDP grew by more than 7 percent a year (or by a cumulative 35 percent over the years 1991–94), after stagnating for more than a decade.",
  "sections": [
    {
      "heading": "Summary and Context",
      "content": "- Paper describes economic developments in Argentina during the 1990s.\n- Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country.\n- 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.\n- Confidential material has been removed at the request of the member."
    },
    {
      "heading": "Real GDP and Growth",
      "content": "- Since the implementation of the Convertibility Plan in early 1991, real GDP grew by more than 7 percent a year.\n- Cumulative growth of real GDP was 35 percent over the years 1991–94.\n- Prior to this period, GDP had been stagnating for more than a decade."
    },
    {
      "heading": "Inflation and Price Stabilization",
      "content": "- Consumer price inflation had peaked at 3,000 percent in 1989.\n- Inflation declined to 4 percent (average) in 1994 following the implementation of the Convertibility Plan."
    },
    {
      "heading": "Investment and Capital Formation",
      "content": "- Gross fixed investment recovered to nearly 20 percent of GDP by 1994.\n- This recovery reflected a real growth rate of 22 percent a year during the period."
    },
    {
      "heading": "Subject Areas and Keywords Covered",
      "content": "- Subject: Economic sectors, Expenditure, Financial institutions, International organization, International trade, Monetary policy, Taxes\n- Keywords: automobile production, Boldings of SDR, capital goods, cost of capital, Europe, IMF data, Imports, legal reserve, Loans, Privatization, Tariffs"
    }
  ],
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    "Published: December 1, 1995",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451801255.002",
    "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.",
    "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.",
    "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.",
    "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: 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"
  ],
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}