The economy of Argentina did not leave behind the era of stagnation and instability, which characterized its economy in recent decades. However, light rays that penetrate through the clouds seem more and more intense. Another appropriate indicator is currently joining the return of inflation, the return of growth or immersion of poverty in the country: the GDP per capita in dollars has been played by the maximum not observed since 2004, as published by the Ministry of Economy of the country. Two reasons explain this phenomenon: one of them is a powerful recovery, which began the Argentina economy in the second half of 2024. In the first quarter of 2025, the economy was already growing with the inter -day rate close to 6%Leading Progress of GDP in Latin America. Another reason is the power of Peso against the dollar, which also “inflated” these data from the population per capita. All this is in the economy that passes the plan of savings that reduced government expenses at five GDP points, which gives great value if it corresponds to achievements associated with growth.
The gross domestic product (GDP) per capita of the population of Argentina reached in the first quarter of 2025 at the highest level from the moment the records began in 2004, measured in the current dollars. According to the Ministry of Economics, the indicator grew to $ 15,161 per year per inhabitant. This strong rebound was due to reactivation of the economy, a strong correction of the exchange rate (Peso was evaluated in relation to the dollar part of this significant increase in GDP per capita) and the liberalization of markets implemented in the management of Havier Miley.
Improving GDP per capita in permanent dollars also reflects the effect of significant deflation: Monthly inflation, which reached 23% in December 2023 after the initial devaluation of the new government, fell to 1.5% in May 2025.The field of this slowdown was the key to supporting the competitiveness of a new exchange rate and improving income indicators measured in hard currency. According to Indec, “the economy grew by 5.8% of the year -on the first quarter, and private consumption increased by 11.6%.”
Daniel Fernandez, expert economist in China and South American economyIn addition to the university professor Francisco Marrokhin, he explains that “a large challenge of 2025 (almost complete liberation of shares) was completed, while the economy of the Argentine economy continued to grow. Argentina’s GDP is already far exceeded what is left by Kirkhnerism, despite the tax and coin adjustment and separation. The Argentinean economy has grown greatly from the second half of 2024. After tax and monetary adjustments, the Argentina economy began to grow greatly and is already 4% higher than GDP, registered in 2023 at the exit of Kirhnerism, ”this expert says.
Still mediocre economy
When adjusting the GDP per capita for the constant price index of 2004, the result was $ 12,221, Also the highest of the last 22 yearsThe enlargement field is explained not only by aggregate activities, but also by increasing labor productivity, since total employment in this period barely increased by 1.3%. In addition, the average exchange rate in the quarter increased by 26.6%While interral inflation was 78.8%, which reflects a real weight rating.
Despite this milestone, Argentina continues far behind the global rating of GDP per capita. According to the International Monetary Fund, it currently occupies 58th place in the world. This places him behind neighboring countries, such as Chile (position 56, from $ 17,015 per inhabitant) and Uruguay (45th place, from $ 22,693). Contrast with the United States (position 7, from 89,105 dollars) and Canada (position 20, from 53,558 dollars), is even more pronounced.
Restore the throne of South America
Historically, Argentina headed the region: in the period from 1980 to 2001, his GDP per capita doubled, which in Chile exceeded 40% to Uruguay. However, after the crisis of convertibility and inconsistent macroeconomic policy of the next decades, The country steadily lost land in the international ratingThe field is the current improvement in current dollars, in the same way, partially turns to back this tendency, but it is not yet to significantly change its relative position.
One of the most noticeable aspects of the report is that the data of the first quarter of 2025 (traditionally the lowest in the year) already exceed the annual forecast that the IMF made for the country. This expects that the average annual can be higher than provided by international organizationsNevertheless, the improvement is not equally distributed: Indec discovered an increase in income inequality, which indicates that growth has not yet reached all sectors.
A combination of a fiscal excess, deregulation of prices, Accumulation of a reservation and the end of monetary assistance to the Treasury This was fundamental to improve macroeconomic indicatorsNevertheless, the task for the government will be to maintain this path without creating social tension or disagreement. Academic forecasts, such as economist Juan Pablo Nikolini, Torkuato Di Celda University and member of the Federal Reserve System of Minneapolis, argue that if certain macro -supply is preserved, Argentinean GDP per capita can grow by 4% accumulation and reached $ 34,000 in 2035 (Parity of purchasing power) compared to the current 22,000. This will require control of inflation, strengthening institutions and maintaining investment confidence.
At the moment, the government does that a strong restoration of investment and private consumption continues in the next quarterAnd allow Argentina to move in the Latin American rating of wealth on a resident. Overcoming Chile or even approaching Uruguay became a symbolic political goal, in addition to statistical. But analysts remember that to achieve sustainable development a more competitive exchange rate is necessary: education, stability and clear rules are needed.
