Facts and statistics about the Economy – overview of Argentina. Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. 

With a Gross Domestic Product (GDP) of more than US$ 540 billion, Argentina is one of the largest economies in Latin America. In recent years, the country has focused on economic development with social inclusion.

Argentina’s economic freedom score is 44.1, making its economy the 169th freest in the 2015 Index. Its overall score has decreased by 0.5 point due to declines in five of the 10 economic freedoms, including the management of government spending, labor freedom, and business freedom. Argentina ranks 27th out of 29 countries in the South and Central America/Caribbean region, and its overall score remains far below the regional and world averages.

Argentina’s economy will see another year of feeble growth in 2015. Exports are falling at a double-digit pace. Argentina’s default on its debt adds to its problems. Expectations that a new government will implement more orthodox economic policies after the presidential elections – along with the hope of a gradual recovery in commodity prices – provides modest support for the economy. Moderate rates of economic growth should return after the presidential election in October 2015.

Welcome to the Argentina economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

LEGAL STRUCTURE OF COMPANIES The form of business organization legislated in the Business Associations Law (N° 19550) are as follows: Corporations (“Sociedades Anónimas S.A.”) Along with the branches of foreign companies the corporations (“Publicly Held Corporation” – “Sociedad Anónima”) are the most common types of company formation by foreign investors in Argentina.

This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Argentina.

Information necessary to register a company in Argentina. Setting up a Company in Argentina.
The following factors will be previously considered in order to set up a company in Argentina.

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Argentina.

Doing Business in Argentina An Investor’s Guide from SECRETARIAT OF INTERNATIONAL ECONOMIC RELATIONS and UNDERSECRETARIAT FOR INVESTMENT DEVELOPMENT AND TRADE PROMOTION

Foreign companies may conduct business in Argentina on a permanent basis. The alternatives are the appointment of a local commercial representative, the setting up of a branch, the incorporation of a local corporate entity (subsidiary) or the acquisition of shares of an existing Argentine company.

The Sales Tax Rate (VAT) in Argentina stands at 21 percent.

Value Added Tax (VAT, or IVA in Spanish) is a general indirect tax on consumption. It is a tax on consumption basically paid by the last link in the chain, usually the end consumer. Imports are required to pay VAT at the same rate charged for local goods or services, while exports are not assessed and exporters are entitled to claim reimbursement for VAT paid on any purchases made.

The Corporate Tax Rate in Argentina stands at 35 percent. Corporate Tax Rate in Argentina averaged 34.79 percent from 1997 until 2015, reaching an all time high of 35 percent in 1999 and a record low of 33 percent in 1998. Corporate Tax Rate in Argentina is reported by the Federal Administration of Public Revenue.

The Personal Income Tax Rate in Argentina stands at 35 percent. Revenues from the Personal Income Tax Rate are an important source of income for the government of Argentina. This page provides – Argentina Personal Income Tax Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.

The following charts tell you whether you need a visa or not depending the categories. If your nationality is not listed in the charts or the purpose of the trip is different from the ones mentioned below, please contact the Consulate General via email to visasclond@mrecic.gov.ar to check if you are required a visa.

Work Permits, When and how to apply for them. Foreigners travelling to Argentina with the purpose of performing work (paid or unpaid) need a visa.

Argentina boasts one of the most advanced and impressive telecommunications infrastructures in all of Latin American and the Caribbean.

Telecom Argentina is the major local telephone company for the northern part of Argentina, including the whole of the city of Buenos Aires. Briefly known as Sociedad Licenciataria Norte S.A., it quickly changed its name, and is usually known as simply Telecom within Argentina.

Argentina has a good infrastructure system in comparison with other Latin American nations, but many areas need significant improvement. The nation has 215,434 kilometers (133,870 miles) of roads, including 734 kilometers (456 miles) of expressways or highways, but only 63,553 kilometers (39,492 miles) of the country’s roads are paved.

Transport in Argentina is mainly based on a complex network of routes, crossed by relatively inexpensive long-distance buses and by cargo trucks. The country also has a number of national and international airports. The importance of the long-distance train is minor today, though in the past it was widely used and is now regaining momentum after the re-nationalisation of the country’s commuter and freight networks.

Employer-employee relations in Argentina are mainly governed by Labor Contract Law No. 20,744, as subsequently amended (the “LCL”), collective bargaining agreements and the individual terms of labor contracts between employers and their employees.

National Labour Law Profile: Republic of Argentina

Unemployment benefits are administered by the National Social Security Administration(Administración Nacional de Seguridad Social – ANSES). The government-paid insurance coverage involves a core provision which is calculated on the basis of the highest regular net monthly pay over the last six months worked.

National, holidays and observances

We know there is a lot to read before going to Argentina – like what vaccinations do you need? – so we asked our friends in the adventure travel space to give us some tips on what they wish they knew before they went to Argentina.

Go to Safety & Security on this site by th US State Department

Though the government is committed to providing every child with an education and the national literacy rate is high, expats may find that education and schools in Argentina can be trigger points of frustration and stress. Argentina has an extensive public school system, with private and international schools found in the larger cities.

This article is about the demographic features of Argentina, including population density, ethnicity, economic status and other aspects of the population.

Argentina’s climate is generally temperate but there are major regional variations due to its size – from the extreme heat of the northern regions, through the pleasant climate of the central pampas, to the sub Antarctic cold of Patagonia’s glacial regions.  Throughout the country January is the warmest while June and July are the coldest. 

Demographic information includes population, quality of life, health, sports, technology, energy and the environment

Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more

The dos and don’ts of business etiquette in Argentina

Welcome to our guide to Argentina. This is useful for anyone researching Argentine culture, customs, manners, etiquette, values and wanting to understand the people better. You may be going to Argentina on business, for a visit or even hosting Argentinean colleagues or clients in your own country. 

The Harmonized Schedule (HS) is used to specify tariff classifications in Argentina. The HS was implemented on January 1, 1992 and is aligned with the WTO Customs Classification Code adopted in 1979. On January 1, 1995, Argentina implemented the MERCOSUR Common Nomenclature, known as the Nomenclatura Común del MERCOSUR (NCM), which is consistent with the U.S. Harmonized System for tariff classification.

A listing of trade agreements in force as well as those that have been signed but not yet in force

Ready, set – move to Argentina! Is this your dream? If planning to relocate or live for an extended period of time you will most likely want to rent an apartment or house. For those interested in purchasing real estate read: How To Buy Buy Real Estate in Argentina.

Accommodations in Argentina range from campgrounds to five-star luxury hotels. At the tourist-oriented hotels staff members will speak some English, though at more provincial accommodations you’ll be practicing your castellano (what Argentina calls its Spanish).

Argentine Institute of Tourist Promotion.