In 2016 the mining sector contributed 1% of Argentina’s GDP, or around $5.9bn. Of this total, 40% came from the sale of industrial rocks and minerals containing calcium, salt and dolomite. The main export destinations are Argentina’s southern cone neighbours, with Chile accounting for 68% of exports, followed by Brazil (19%) and Uruguay (6%). Nearly two-thirds of the area in Argentina with...
Argentina
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Over the last 20 years the fortune of the Argentine economy has been closely tied to one commodity: natural gas. In the...
Maintaining robust levels of profitability through the use of financial instruments rather than the development of core competencies, Argentina’s insurance industry has remained relatively stable since 2008. The introduction of more market-friendly regulations since 2015, coupled with improvements across a number of macroeconomic indicators, is expected to have a positive impact on the...
Chapter | Trade & Investment from The Report: Argentina 2018
After going through a period of recession in 2016, epitomised by a sharp drop in both trade and investment, the new administration’s market-friendly policies have begun to show positive results, with investment returning to 2015 levels, despite the liberalisation of capital controls. While stronger economic growth has seen imports increase, exports have not risen at a commensurate rate,...
Chapter | Capital Markets from The Report: Argentina 2018
Argentina’s historic issuance of $16.5bn worth of bonds in April 2016 marked the country’s return to the international capital markets after effectively being barred for 15 years. Argentina has had a troubling history in global markets, having defaulted on its sovereign debt eight times since 1816, the most significant being the 2001 default on more than $80bn. Since taking office, President...
After the adoption of more market-friendly policies, Argentina’s banking sector has gradually begun to show signs of a return to positive growth. Since 2015 the government has been undertaking a number of reforms aimed at boosting investor confidence in the sector, increasing financial intermediation and improving the overall health of the financial services industry. At the same time, banks...