As of 2024, Argentina’s economy is among the largest in Latin America, with a nominal GDP of approximately $604 billion and a per capita income of around $12,814. The population is estimated at 46.9 million. In 2022, Argentina’s exports totaled $87.2 billion, positioning it as the 47th largest exporter globally. The economy is diversified across several sectors: agriculture accounts for 6.44% of GDP, industry contributes 24.16%, and services dominate with 69.4%.Â
Major industries include food processing, motor vehicles, consumer durables, textiles, chemicals, and petrochemicals. Recent economic challenges have been addressed through austerity measures aimed at stabilizing finances and reducing inflation, though these have also led to increased poverty rates exceeding 50%.