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Financial risk of trading with Argentina is increasing
- Growth is expected to slow down to 3.5% after more than 8% in 2010 and 2011, as exports slow down and commodity prices are no longer rising. Inflation remains above 20%
- Massive state intervention continues: Import restrictions and exchange controls lead to more payment delays for foreign exporters
- Capital flight has sharply increased in 2011, significantly deteriorating Argentina’s liquidity position. External accounts continue to weaken and relations with international financial markets remain shaky. A final debt settlement with Paris Club is necessary
- The government should also decrease public spending and lift foreign exchange restrictions. However, more arbitrary actions by the government cannot be ruled out as economic tensions mount
Real GDP growth (%)
Source: EIU/IMF
 Download full country report on Argentina
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General Information
Capital - Buenos Aires
Government type - Republic
Currency - Argentine peso (ARS)
Population - 40.9 million
Status - Upper middle income country
(GDP/capita: US-$ 10,778 in 2011)
Main import sources (2010)
- Brazil - 31.3%
- China - 13.6%
- Chile - 10.7%
- Germany - 5.7%
- Mexico - 3.2%
Main export markets (2010)
- Brazil - 21.3%
- China - 8.6%
- Chile - 6.5%
- USA - 5.2%
- The Netherlands - 3.5%
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Date December 2011
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Credit Risk Reports 
