Argentina: Recent Economic Developments

December 1, 1995

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Argentina: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 25, 2024

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. At the same time, consumer price inflation, which had peaked at 3,000 percent in 1989, declined to 4 percent (average) in 1994. Gross fixed investment recovered to nearly 20 percent of GDP by 1994, reflecting 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

Publication Details

Pages:

108
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/110
Stock No:

1ARGEA0011995
ISBN:

9781451801255
ISSN:

1934-7685

Notes

This paper on recent economic developments was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document 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. In releasing this document for public use, confidential material has been removed at the request of the member.

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