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Argentina's 2023 annual inflation was the highest in the world at 211.4%. [42] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [43] 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. [44]
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.
The inflation that has ravaged Argentina caused prices to soar by almost 300 percent in the past year. ... Over half of the population lived in poverty during the first half of 2024, though the ...
Argentina was, in 2017, the 18th largest producer in the world, and the largest producer in Latin America, of natural gas, in addition to being the 28th largest oil producer; although the country has the Vaca Muerta field, which holds close to 16 billion barrels of technically recoverable shale oil, and is the second largest shale natural gas ...
Argentina's gross domestic product will grow at least 7% this year, Economy Minister Martin Guzman said on Tuesday, signaling a faster than previously expected recovery after three years of ...
Argentina's 12-month price rise in October took it above fellow inflation sufferer Turkey, where it stands at 85.5%, according to a Refinitiv Eikon tracker. UPDATE 2-Argentina annual inflation ...
July 12 – Argentina formally designates Hamas as a terrorist organisation. [20] July 14 – Argentina wins its 16th Copa America title following a 1-0 match against Colombia at the 2024 Copa América final held in Miami. [21] July 15 – An A-4AR Fightinghawk attack aircraft of the Argentine Air Force crashes in Villa Reynolds Airport, San ...
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 ...