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Argentina's 2023 annual inflation was the highest in the world at 211.4%. [41] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [42] Because of Milei's policies, the monthly inflation rate dropped to 2.4% in December 2024, marking an end to Argentina's period of hyperinflation. [43]
Over half of the population lived in poverty during the first half of 2024, though the poverty rate has begun to decline since spring, and the Argentine central bank doesn't have enough foreign ...
With industrial production of USD $79.8 billion in 2023 (19% of GDP), Argentina is the third-largest industrial power in Latin America after Mexico and Brazil. [1] Argentina has a sophisticated industrial base that ranges from small and medium-sized enterprises to world-class facilities operated by domestic and multinational corporations.
Decree 70/2023, titled "Bases for the reconstruction of the Argentine economy" (Spanish: Bases para la reconstrucción de la economía argentina) was signed on 20 December 2023, by the Argentine president Javier Milei. It is known in the media as the "Megadecreto" ("Mega-decree") or "decretazo" for its large scope.
Argentina's mining sector could be forced to shut if the government does not remove barriers to importing key supplies, the country's CAEM mining chamber said on Wednesday. Falling international ...
Activity levels are at all-time highs in Argentina's prime region for oil and gas production, but equipment and transport bottlenecks are limiting its growth, energy executives said on Thursday at ...
The automotive industry in Argentina is the third largest in Latin America, driving 3% of Argentina’s GDP, 10% of industrial production, and 10% of exports in 2023. [1] With a dozen global multinationals [ 2 ] and over 200 auto parts [ 3 ] companies operating in the country, Argentina's automotive sector is a sophisticated and technologically ...
China and Argentina pledged on Sunday to deepen strategic cooperation on trade, currency and the infrastructure-focused Belt and Road Initiative, the government and state media said after a ...