Argentina's Economic Variables: Historical Data


Resources:

Main data resources come from Central Bank Of Argentina - BCRA and the National Institute of Statistics and Censuses - INDEC, taking into account these considerations:

  • Due to the intervention of the government in the INDEC and the manipulation of data from 2003 to 2016 to hide real statistics, the only reliable available data on CPI is from December 2016, onwards.
  • Normally, data on CPI related to a month is released by INDEC at the middle of the next month.

The IMF Lifted the Declaration of Censorship Imposed on Argentina:

09/11/2016: The National Institute of Statistics and Censuses (INDEC) informs that the Executive Board of the International Monetary Fund announced its decision to lift the declaration of censorship that weighed on Argentina since February 1, 2013 for the breach of its obligation before the international organization -established in the Constitutive Agreement- to provide truthful information on the evolution of the economy. Read more IMF Press Release N° 16/497

CPI Data Released by INDEC is Used to Calculate Cumulative Inflation and Restatement Indices:

By definition, consumer price index (CPI) measures the monthly change in prices paid by Argentinian consumers. The INDEC calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate consumer spending. Read more about how CPI is calculated in Argentina
Source: Access to CPI historical time series

Historic Graphs:

Access historical information graphs with data since December 2016, up to today:

EVOLUTION OF CONSUMER PRICE INDEX
EVOLUTION OF MONETARY BASE
EVOLUTION OF MONETARY BASE AND CONSUMER PRICE INDEX
CONSUMER PRICE INDEX AND EXCHANGE RATES COMPARISON
EVOLUTION OF EXCHANGE RATE PESO/USD - since year 2005
EVOLUTION OF BCRA's INTERNATIONAL RESERVES IN USD
EVOLUTION OF TRADE BALANCE
EVOLUTION OF GROSS DOMESTIC PRODUCT AT CURRENT PRICES
EVOLUTION OF GROSS DOMESTIC PRODUCT PRICES YEAR BASE 2004
MONTHLY ESTIMATOR OF ECONOMIC ACTIVITY

Evolution of Consumer Price Index

Source: INDEC - National Institute of Statistics and Censuses. CPI published monthly click here

Evolution of Monetary Base

Source: BCRA - Central Bank of Argentina. Data published monthly click here

Note: Other sources: click here and click here
The monetary base refers to the total amount of a country’s money supply that is controlled by its central bank. In Argentina, the central bank is the Banco Central de la República Argentina (BCRA). The monetary base includes currency in circulation, which is made up of banknotes held by the public, as well as cash at financial institutions. It also includes banks’ deposits in current accounts in pesos with the BCRA. The BCRA publishes a daily monetary report that provides a statistical summary on the evolution Compilation Methodology of the Series Report of the main monetary variables, including the monetary base, international reserves, deposits, loans, interest rates, and BCRA’s instruments.

Evolution of Monetary Base and Consumer Price Index

CPI and Exchange Rates Comparison

Note: CPI (monthly) vs Official/Blue Dollar exchange rates (daily). CPI shown on left axis, exchange rates on right axis.

Evolution of Exchange Rate Peso/USD

Note: Use the zoom tool to check for daily data on the graph.

Evolution of BCRA's International Reserves in USD

Source: BCRA. International Reserves published daily click here

Evolution of Trade Balance

Source: INDEC - National Institute of Statistics and Censuses. Balance of exports and imports published monthly click here

Evolution of Gross Domestic Product at Current Prices

Source: INDEC - National Institute of Statistics and Censuses. GDP published quarterly click here

Evolution of Gross Domestic Product Prices Year Base 2004

Source: INDEC - National Institute of Statistics and Censuses. GDP published quarterly click here

Note: The gross domestic product has not grown in real terms since 2016

Monthly Estimator of Economic Activity

Source: INDEC - National Institute of Statistics and Censuses. Monthly Estimator of Economic Activity monthly published click here

Note: The EMAE (Monthly Estimator of Economic Activity) published by Argentina’s INDEC is measured as a monthly index, not in monetary units like pesos or dollars. It uses a base year of 2004, set to 100, and reflects changes in economic activity relative to that baseline. Among its three formats (original, seasonally adjusted, and trend cycle), the graph focus on the trend cycle series, which smooths out short term fluctuations and offers a clearer view of Argentina’s medium and long term economic trajectory. While it doesn’t replace GDP data, this series provides a more stable and frequent snapshot of the country’s underlying economic performance.