Argentina GDP 3Q2013

by Eduardo Petazze
The INDEC of Argentina has released GDP data for the third quarter of 2013 (pdf, 5 pages)
Data is summarized in the following table, expressed in current U.S. Dollars:
In 3Q2013 gross value added at basic prices in current dollars, rose 0.91% Y/Y.
In 3Q2013 the domestic demand for goods and services at market prices, expressed in current dollars rose 6.8% Y / Y
GVA, Basic Prices
GVA at Producer Prices
Million
Duties + GDP, Market Prices Domestic Demand
Taxes
Exports Imports Residual
USD
VAT
Value
Y/Y
Value
Goods, % Services, %
Value
Y/Y
Value
Y/Y
1994
227,179.8
9.07% 10,165.1 237,344.9
34.54%
65.46% 20,137.2 257,482.1
8.87% 265,329.6 10.23% 19,387.4 27,305.3
70.3
1995
229,256.7
0.91% 9,527.7 238,784.4
34.23%
65.77% 19,433.7 258,218.1
0.29% 257,825.4
-2.83% 24,987.3 26,066.0
1,471.4
1996
241,556.0
5.36% 10,203.4 251,759.4
34.90%
65.10% 21,105.5 272,864.9
5.67% 270,430.0
4.89% 28,448.1 30,235.5
4,222.4
1997
258,292.7
6.93% 12,152.8 270,445.5
35.20%
64.80% 23,377.4 293,823.0
7.68% 296,056.0
9.48% 31,029.6 37,537.4
4,274.7
1998
264,017.0
2.22% 12,567.6 276,584.6
34.70%
65.30% 23,704.5 300,289.1
2.20% 304,742.9
2.93% 31,287.8 38,829.3
3,087.7
1999
251,806.7
-4.62% 12,122.1 263,928.8
33.11%
66.89% 21,165.1 285,093.9
-5.06% 290,450.9
-4.69% 28,027.3 32,933.1
-451.2
2000
251,521.9
-0.11% 12,070.1 263,591.9
33.12%
66.88% 21,014.5 284,606.5
-0.17% 282,639.4
-2.69% 31,276.5 33,108.4
3,799.0
2001
237,623.3
-5.53% 13,701.1 251,324.3
31.93%
68.07% 17,839.0 269,163.3
-5.43% 261,754.2
-7.39% 31,169.8 27,647.9
3,887.4
2002
91,872.3 -61.34% 7,229.5
99,101.8
43.22%
56.78% 6,037.0 105,138.8 -60.94%
91,409.9 -65.08% 29,146.0 13,428.7 -1,987.7
2003
111,942.3 21.85% 10,812.8 122,755.1
45.94%
54.06% 8,481.1 131,236.2 24.82% 117,855.7 28.93% 34,438.7 18,827.2 -2,231.3
2004
128,848.4 15.10% 12,886.9 141,735.3
46.26%
53.74% 12,141.6 153,876.9 17.25% 143,252.1 21.55% 39,863.8 27,930.2 -1,309.0
2005
154,813.5 20.15% 15,671.7 170,485.1
45.29%
54.71% 14,672.3 185,157.4 20.33% 175,338.9 22.40% 47,021.2 34,926.1 -2,276.8
2006
181,298.2 17.11% 18,265.4 199,563.6
44.37%
55.63% 18,016.7 217,580.3 17.51% 206,268.9 17.64% 54,569.1 41,111.4 -2,146.5
2007
220,097.2 21.40% 22,808.3 242,905.5
43.47%
56.53% 23,663.9 266,569.4 22.52% 255,140.1 23.69% 66,343.4 53,400.3 -1,514.0
2008
269,817.2 22.59% 32,325.4 302,142.6
42.46%
57.54% 30,000.8 332,143.4 24.60% 313,429.6 22.85% 82,174.6 68,036.1
4,575.2
2009
256,641.1
-4.88% 27,687.3 284,328.4
39.71%
60.29% 26,793.7 311,122.1
-6.33% 293,714.7
-6.29% 66,639.0 49,398.5
167.0
2010
310,513.0 20.99% 30,780.2 341,293.2
41.32%
58.68% 34,235.6 375,528.8 20.70% 353,844.4 20.47% 81,782.0 68,675.7
8,577.9
2011
380,074.1 22.40% 33,971.3 414,045.4
41.81%
58.19% 42,602.2 456,647.6 21.60% 429,703.8 21.44% 99,720.8 88,929.7 16,152.5
2012
396,560.2
4.34% 41,241.1 437,801.3
39.59%
60.41% 47,580.3 485,381.6
6.29% 463,581.7
7.88% 96,021.5 84,048.7
9,827.2
2005Q1
32,870.8 15.07% 3,419.4
36,290.1
44.34%
55.66% 3,248.9
39,539.0 15.75%
37,253.6 17.13% 10,069.9
7,601.4
-183.3
2005Q2
40,762.1 16.76% 4,084.8
44,846.9
48.09%
51.91% 3,662.9
48,509.7 17.52%
45,352.2 21.68% 12,177.0
9,098.6
79.0
2005Q3
39,815.5 25.41% 4,103.4
43,918.9
44.14%
55.86% 3,913.2
47,832.1 25.05%
45,406.2 25.84% 12,498.4
8,912.4 -1,160.4
2005Q4
41,365.1 23.02% 4,064.2
45,429.2
44.42%
55.58% 3,847.3
49,276.5 22.61%
47,326.8 24.24% 12,275.9
9,313.7 -1,012.7
2006Q1
40,651.6 23.67% 4,274.3
44,925.9
43.55%
56.45% 4,183.9
49,109.7 24.21%
46,835.0 25.72% 11,892.9
9,170.3
-448.0
2006Q2
47,487.3 16.50% 4,323.4
51,810.7
46.89%
53.11% 4,234.1
56,044.9 15.53%
52,306.6 15.33% 13,704.8
9,805.5
-161.1
2006Q3
45,582.6 14.48% 4,703.8
50,286.4
43.67%
56.33% 4,610.5
54,896.8 14.77%
52,487.2 15.59% 14,031.9 11,034.5
-587.8
2006Q4
47,576.7 15.02% 4,963.9
52,540.6
43.23%
56.77% 4,988.2
57,528.8 16.75%
54,640.2 15.45% 14,939.5 11,101.0
-950.0
2007Q1
48,044.9 18.19% 4,970.2
53,015.1
41.61%
58.39% 5,292.8
58,307.9 18.73%
56,835.8 21.35% 13,807.1 11,414.6
-920.6
2007Q2
57,873.4 21.87% 5,290.1
63,163.5
46.15%
53.85% 5,454.5
68,618.0 22.43%
64,015.9 22.39% 15,889.3 12,165.9
878.5
2007Q3
54,895.1 20.43% 5,795.6
60,690.7
42.23%
57.77% 6,231.6
66,922.3 21.91%
65,286.8 24.39% 16,772.5 14,827.5
-309.7
2007Q4
59,283.8 24.61% 6,752.5
66,036.3
43.51%
56.49% 6,684.9
72,721.2 26.41%
69,001.7 26.28% 19,874.5 14,992.3 -1,163.0
2008Q1
59,925.1 24.73% 7,601.1
67,526.2
42.57%
57.43% 7,150.0
74,676.3 28.07%
71,754.4 26.25% 19,117.9 15,618.5
-577.8
2008Q2
74,893.2 29.41% 7,705.8
82,599.0
46.55%
53.45% 7,446.2
90,045.2 31.23%
81,997.3 28.09% 20,258.3 17,805.3
5,594.7
2008Q3
70,656.5 28.71% 9,176.1
79,832.7
40.50%
59.50% 8,148.3
87,981.0 31.47%
84,689.9 29.72% 24,329.4 19,220.0 -1,818.6
2008Q4
64,342.2
8.53% 7,842.5
72,184.7
40.05%
59.95% 7,256.2
79,440.9
9.24%
74,988.0
8.68% 18,469.0 15,392.3
1,376.1
2009Q1
59,479.6
-0.74% 7,026.4
66,506.0
37.71%
62.29% 6,707.8
73,213.8
-1.96%
70,409.3
-1.87% 14,792.6 11,241.0
-747.1
2009Q2
67,313.6 -10.12% 7,207.1
74,520.8
41.90%
58.10% 6,373.0
80,893.8 -10.16%
74,653.7
-8.96% 17,930.5 11,307.4
-383.0
2009Q3
63,452.2 -10.20% 6,575.5
70,027.7
38.88%
61.12% 6,872.9
76,900.6 -12.59%
73,380.2 -13.35% 16,233.0 13,070.7
358.3
2009Q4
66,395.7
3.19% 6,878.3
73,274.0
39.94%
60.06% 6,840.1
80,114.0
0.85%
75,271.5
0.38% 17,682.9 13,779.3
939.0
2010Q1
67,552.9 13.57% 7,456.7
75,009.6
38.64%
61.36% 7,645.9
82,655.6 12.90%
78,407.6 11.36% 16,370.6 14,326.1
2,203.3
2010Q2
81,979.5 21.79% 8,718.2
90,697.7
44.15%
55.85% 8,165.9
98,863.7 22.21%
90,287.1 20.94% 22,254.3 16,636.7
2,958.7
2010Q3
77,628.3 22.34% 7,393.7
85,022.0
40.45%
59.55% 9,065.7
94,087.7 22.35%
90,688.3 23.59% 21,889.0 18,590.2
100.4
2010Q4
83,352.3 25.54% 7,211.6
90,563.8
41.45%
58.55% 9,358.0
99,921.8 24.72%
94,461.3 25.49% 21,268.1 19,122.7
3,314.8
2011Q1
85,973.7 27.27% 5,962.7
91,936.3
40.03%
59.97% 9,932.9 101,869.2 23.25%
96,693.2 23.32% 20,677.0 19,067.9
3,566.6
2011Q2
105,776.4 29.03% 8,139.4 113,915.8
45.62%
54.38% 10,295.7 124,211.4 25.64% 112,106.1 24.17% 26,778.0 22,421.3
7,748.4
2011Q3
92,608.1 19.30% 9,983.8 102,591.9
41.28%
58.72% 11,169.5 113,761.3 20.91% 109,253.5 20.47% 27,228.8 24,858.2
2,137.0
2011Q4
95,716.0 14.83% 9,885.5 105,601.5
39.85%
60.15% 11,204.2 116,805.7 16.90% 111,650.9 18.20% 25,037.0 22,582.3
2,699.9
2012Q1
91,425.7
6.34% 9,372.4 100,798.2
37.46%
62.54% 11,193.3 111,991.4
9.94% 109,683.4 13.43% 21,884.0 19,798.6
222.5
2012Q2
106,713.3
0.89% 9,536.8 116,250.1
41.95%
58.05% 11,021.6 127,271.8
2.46% 118,207.6
5.44% 24,727.8 20,592.2
4,928.4
2012Q3
94,303.8
1.83% 11,741.3 106,045.1
39.65%
60.35% 12,030.9 118,076.0
3.79% 113,571.3
3.95% 25,732.8 22,251.5
1,023.4
2012Q4
104,117.3
8.78% 10,590.5 114,707.9
38.90%
61.10% 13,334.5 128,042.4
9.62% 122,119.3
9.38% 23,676.9 21,406.5
3,652.6
2013Q1
96,690.9
5.76% 7,788.8 104,479.7
36.53%
63.47% 13,954.4 118,434.1
5.75% 116,808.5
6.50% 20,940.2 20,566.3
1,251.7
2013Q2
115,339.1
8.08% 9,974.9 125,314.0
42.46%
57.54% 13,513.8 138,827.8
9.08% 132,050.9 11.71% 26,960.3 23,384.3
3,200.8
2013Q3
95,163.3
0.91% 11,775.5 106,938.8
38.44%
61.56% 14,233.4 121,172.2
2.62% 121,297.3
6.80% 25,945.0 24,234.9 -1,835.2
Data published by INDEC in current pesos converted to U.S. dollars at the average exchange rate of international trade.
Exports and Imports of Goods and Services taken from data published by the INDEC Balance of Payments.
Own estimate
Also see: Argentina Monetary Policy and GDP
Summary:
Current million pesos 2013 avg 2001 avg 2013 / 2001
Money Supply (Mo)
245,557
12,284
19.99
BCRA Reserves
202,068
17,002
11.88
Domestic Demand
2,600,518 261,301
9.95
GDP at market prices
2,663,553 268,697
9.91
FX rate (100 US$=)
554.27
100.00
5.54
2013 avg. includes our estimate for the 4Q13 or Dec13
Note:
The restatement of data in current dollars to constant dollars, is largely influenced by ongoing processes of revaluation and devaluation of the local currency, with strong
changes in relative prices, which affects the determination of the volumes of some services (such as public administration, defense and social security, financial and
personal services, etc..) and the actual levels of domestic demand for goods and services.