Report No. 15402-AR Argentina The Convertibility Plan: Assessment and Potential Prospects (In Two Volumes) Volume Il: Statistical Appendcix July 12, 1996 Country Operations Unit II Country Department I Latin America and the Caribbean Regional Office ,~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~i~ 4..0. d,'J1' 4-r: 4 ARGENTINA STATISTICAL APPENDIX TABLE OF CONTENTS 1. POPULATION 1.1 Population, 1980-2000. 1.2 Distribution of Population by Jurisdiction, 1991. 1.3 Population Age Groups Structure, 1991. 1.4 Demographic Indicators, 1991. 1.5 Population aged 10 and over according to level of literacy by age, 1991. 1.6 Population aged 10 and over according to level of literacy by Province, 1991. 1.7 Participation, Employment, Unemployment and Underemployment Rates, 1980-1994. 1.8 Population aged 14 and over by type of activity, and territorial division, 1991. 1.9 Poverty indicators in metropolitan area of Buenos Aires, 1988-1994 (percentage of households). 2. NATIONAL ACCOUNTS 2.1 National Accounts 1980-1994. (1986 Thousand Pesos). 2.2 National Accounts 1980-1994. (Thousand Pesos). 2.3 National Accounts Implicit Deflators 1980-1994. (Base year 1986= 100). 3. BALANCE OF PAYMENTS 3.1 Average Nominal Exchange Rate 1980-1994 (Pesos per US$). 3.2 Average Nominal and Real Exchange Rates 1980-1994 (Pesos per US$). 3.3. Balance of Payments, 1980-1994 (US$ Million). 3.4 Exports by commodity group, 1980-1994 (US$ Million). 3.5 Foreign Trade by Principal Countries and Regions, 1980-1994 (US$ Million). 3.6 Foreign Trade with Mercosur and Nafta 1980-1994 (US$ Million). 3.7 Imports by economic use 1980-1994 (US$ Million) 3.8 Imports of capital goods by economic sector, 1985-1994 (US$ Million). 4. EXTERNAL DEBT 4.1 External Debt by Creditor, 1980-1994 (US$ Million) 5. PUBLIC SECTOR 5.1 Federal Government Saving-Investment Account, 1980-1994. Percentage of GDP. 5.2 Public Sector Expenditure by Function, 1980-1994. In Million Pesos. 5.3 Public Sector Expenditure by Function, 1980-1994. Percentage of GDP. 5.4 Efficient Taxes and Tax Handles, 1980-1994. In Million Pesos. 5.5 Efficient Taxes and Tax Handles, 1980-1994. Percentage of GDP. 6. FINANCIAL SECTOR 6.1 Monetary System Balance, 1980-1994. Million Pesos. 6.2 Central Bank Balance, 1980-1994. Million Pesos. 6.3 Private Sector Holdings of Financial Assets, 1980-1994. Million Pesos. 6.4 Interest Rates, 1980-1994. Quarterly Averages. 7. AGRICULTURE 7.1 Principal Crops, Area Planted 1980-1994. Thousand Hectares. 7.2 Principal Crops, Area Harvested, 1980-1994. Thousand Hectares. 7.3 Yield of Principal Crops, 1980-1994. Metric Tons Per Harvested Hectare. 7.4 Production of Principal Crops, 1980-1994. Thousand Metric Tons. 8. INDUSTRY 8.1 Production Indicators. Manufacturing Industry, 1980-1994. 8.2 Domestic Sales of Domestic Origin, 1980-1994. 9. PRICES 9.1 Principal Price Indicators, Annual Averages 1980-1994. (Base year 1980=100). 9.2 Selected Commodity Prices, 1980-1994. Table 1.1 Population 1980 - 2000 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1/ 1992 1993 1994 1995 1996 1997 1998 1999 2000 Males Total 13,880 14,077 14,285 14,499 14,716 14,933 15,147 15,361 15,573 15,782 15,988 16,192 16,394 16,594 16,791 16,985 17,178 17,353 17,512 17,653 17,778 0-4 1,691 1,705 1,702 1,687 1.672 1,663 1,664 1,671 1.682 1,692 1,699 1,707 1,712 1,712 1,708 1,697 1,690 1,668 1,633 1,582 1,517 5-9 1.414 1,470 1,534 1,598 1,651 1,688 1,704 1,702 1,689 1,674 1,666 1,657 1,655 1,660 1,672 1,690 1,697 1,702 1,703 1,699 1,689 10-14 1,245 1,268 1,295 1,328 1,368 1,416 1,472 1,536 1,600 1,653 1,689 1,704 1,703 1,692 1.676 1,661 1,653 1,651 1,656 1,668 1,686 15-19 1,164 1,172 1,185 1,202 1,222 1,246 1,271 1,299 1,331 1,369 1,416 1,474 1,537 1,596 1,647 1,682 1,698 1.697 1,686 1,670 1,655 20-24 1,092 1,099 1,113 1,131 1,150 1,167 1,181 1,194 1,208 1,223 1,243 1,263 1,287 1,319 1,358 1,407 1,465 1,527 1,586 1,637 1,672 25-29 1,054 1,060 1,065 1,071 1,079 1,089 1,102 1,118 1,136 1,153 1,168 1,181 1,192 1,204 1.218 1,233 1,253 1,278 1,309 1,349 1,397 30-34 975 991 1,007 1,021 1,033 1,044 1,053 1,060 1,067 1,074 1,084 1,097 1,112 1,128 1,144 1,158 1,171 1,183 1,195 1,208 1,224 35-39 857 875 897 920 943 963 981 997 1,010 1,022 1,032 1,040 1,047 1,054 1,063 1,073 1,086 1,101 1,117 1,133 1,148 40-44 785 791 799 811 825 842 861 883 905 927 947 966 982 996 1,008 1,018 1,026 1,033 1,041 1,049 1,060 45-49 755 754 754 755 757 762 769 778 789 802 819 839 861 884 906 927 945 962 976 988 998 50-54 723 726 726 724 722 721 720 720 721 724 729 737 747 759 774 791 811 833 855 877 897 55-59 624 637 649 659 668 674 677 677 676 674 673 674 676 679 683 689 698 708 720 734 751 60-64 502 512 524 537 550 562 574 584 594 602 608 612 614 615 616 616 618 620 623 628 634 65-69 403 408 412 417 423 430 439 449 461 472 483 494 505 515 523 529 534 537 538 539 540 70-74 294 299 305 310 315 320 324 328 332 337 344 353 361 370 379 388 397 407 416 423 429 75+ 185 190 195 200 204 208 213 217 221 225 389 395 402 410 418 427 437 447 458 469 481 Females Total 14,233 14,467 14,699 14,929 15,159 15,392 15,627 15,864 16.101 16,333 16,559 16,773 16,985 17,194 17,400 17,604 17,836 18,033 18,197 18,331 18,437 0-4 1,639 1,652 1,649 1,634 1,619 1,611 1.611 1,618 1,628 1,638 1,644 1,649 1,652 1,650 1,643 1,629 1,622 1,601 1,567 1,518 1,456 5-9 1,373 1,427 1,489 1,550 1,602 1,637 1,652 1,650 1,637 1,623 1,615 1,605 1,603 1,607 1,619 1,638 1,643 1.646 1,644 1,638 1,624 10-14 1.211 1,234 1,261 1,294 1,333 1,380 1,437 1,500 1,563 1,615 1,649 1,662 1,659 1,646 1,628 1,612 1,603 1,600 1,605 1.617 1,636 15-19 1,152 1,160 1,169 1,182 1,198 1,218 1,242 1,270 1,303 1,342 1,388 1,445 1,506 1,564 1,613 1.646 1,660 1,657 1,644 1,626 1,610 20-24 1,122 1,128 1,135 1,142 1,150 1,158 1,167 1.178 1,190 1,205 1,225 1,244 1,268 1,299 1,337 1,385 1,441 1,502 1.560 1,609 1,643 25-29 1.078 1,090 1,100 1,107 1,114 1,122 1,131 1,140 1,150 1,160 1,169 1,176 1,185 1,195 1,207 1,222 1,241 1,265 1,296 1,334 1,381 30-34 973 995 1,016 1,036 1,055 1,072 1,086 1,099 1,109 1,118 1,126 1,134 1,142 1,150 1,158 1,165 1,173 1,181 1,191 1,203 1,218 35-39 863 880 900 922 944 965 987 1,009 1,029 1,048 1,064 1,079 1,091 1,102 1,112 1,121 1,129 1.137 1,145 1,153 1,160 40-44 797 804 813 824 838 853 871 891 912 934 956 978 1,000 1,021 1,040 1,057 1,071 1,084 1,095 1.105 1.113 45-49 773 774 775 777 780 785 792 801 812 825 841 859 879 901 923 946 968 990 1,010 1,029 1,046 50-54 745 751 754 755 756 756 757 758 760 764 769 776 786 797 811 827 845 865 886 908 931 55-59 662 676 690 703 714 722 727 730 732 732 733 734 736 739 743 749 757 766 778 791 807 60-64 563 575 588 603 617 631 645 658 671 681 689 695 698 701 702 703 705 708 711 715 721 65-69 481 490 498 505 514 523 535 548 561 575 589 602 615 626 636 644 650 654 657 659 661 70-74 371 383 394 405 416 425 434 441 448 456 466 477 489 500 512 523 536 549 560 570 578 75+ 247 257 268 279 290 300 311 321 330 339 637 656 675 696 717 738 792 828 848 856 853 Population Total 28,113 28,544 28,984 29,428 29,875 30,325 30,774 31,225 31.674 32,115 32,547 32,965 33,379 33,788 34,191 34,589 35,014 35.386 35,709 35,984 36,215 Source: International Economics Department, The World Bank. 1/ Latest actual. Table 1.2: Distribution of Population by Jurisdiction, 1991 1/ Population Masculinity Surface in Population Total Male Female Ratio (%) sq.km. Density Country 32,615,528 15,937,980 16,677,548 95.6 2,780,400 11.7 Capital Federal 2,965,403 1,344,041 1,621,362 82.9 200 14827.0 Buenos Aires 12,594,974 6,168,076 6,426,898 96.0 307,571 40.9 Catamarca 264,234 131,398 132,836 98.9 102,602 2.6 Cordoba 2,766,683 1,349,468 1,417,215 95.2 165,321 16.7 Corrientes 795,594 393,252 402,342 97.7 88,199 9.0 Chaco 839,677 423,479 416,198 101.7 99,633 8.4 Chubut 357,189 181,215 175,974 103.0 224,686 1.6 Entre Rios 1,020,257 500,466 519,791 96.3 78,781 13.0 Formosa 398,413 201,449 196,964 102.3 72,066 5.5 Jujuy 512,329 252,590 259,739 97.2 53,219 9.6 La Pampa 259,996 130,932 129,064 101.4 143,440 1.8 La Rioja 220,729 110,469 110,260 100.2 89,680 2.5 Mendoza 1,412,481 690,872 721,609 95.7 148,827 9.5 Misiones 788,915 397,953 390,962 101.8 29,801 26.5 Neuquen 388,833 196,628 192,205 102.3 94,078 4.1 Rio Negro 506,772 254,153 252,619 100.6 203,013 2.5 Salta 866,153 429,522 436,631 98.4 155,488 5.6 San Juan 528,715 256,634 272,081 94.3 89,651 5.9 San Luis 286,458 143,778 142,680 100.8 76,748 3.7 Santa Cruz 159,839 83,758 76,081 110.1 243,943 0.7 Santa Fe 2,798,422 1,363,858 1,434,564 95.1 133,007 21.0 Santiago del Estero 671,988 336,155 335,833 100.1 136,351 4.9 Tierra del Fuego 69,369 36,733 32,636 112.6 21,571 3.2 Tucuman 1,142,105 561,101 581,004 96.6 22,524 50.7 Source: INDEC 1/ Census data Table 1.3: Population Age Groups Structure, 1991 1/ Age Population Percentual Structure Group Total Male Female Total Male Female Total 32,615,528 15,937,980 16,677,548 100.0 48.9 51.1 0-4 3,350,073 1,695,891 1,654,182 100.0 50.6 49.4 5-9 3,277,937 1,657,514 1,620,423 100.0 50.6 49.4 10-14 3,342,577 1,686,997 1,655,580 100.0 50.5 49.5 15-19 2,850,105 1,417,619 1,432,486 100.0 49.7 50.3 20-24 2,354,123 1,213,835 1,140,288 100.0 51.6 48.4 25-29 2,304,242 1,137,361 1,166,881 100.0 49.4 50.6 30-34 2,214,181 1,094,131 1,120,050 100.0 49.4 50.6 35-39 2,119,168 1,043,202 1,075,966 100.0 49.2 50.8 40-44 1,963,648 969,612 994,036 100.0 49.4 50.6 45-49 1,690,055 832,386 857,669 100.0 49.3 50.7 50-54 1,489,724 722,631 767,093 100.0 48.5 51.5 55-59 1,361,547 652,436 709,111 100.0 47.9 52.1 60-64 1,305,161 601,706 703,455 100.0 46.1 53.9 65-69 1,064,115 481,562 582,553 100.0 45.3 54.7 70-74 760,853 324,719 436,134 100.0 42.7 57.3 75-79 556,333 222,793 333,540 100.0 40.0 60.0 80-84 319,769 119,063 200,706 100.0 37.2 62.8 85-89 138,422 48,207 90,215 100.0 34.8 65.2 90-94 42,787 13,069 29,718 100.0 30.5 69.5 95- more 10,708 3,246 7,462 100.0 30.3 69.7 Source: INDEC 1/ Census data Table 1.4: Demographic Indicators, 1991 1/ Mean Life Expectancy Birth Rate Mortality Infant Annual at Birth 0/00 Rate Mortality Rate of (1980-1981) 1992 o/oo Rate Growth o/oo 1992 per o/oo 1991/1980 Male Female lives births 1992 Country 14.7 65.5 72.7 20.5 7.9 23.6 Capital Federal 1.4 68.5 75.8 13.3 12.5 14.9 Buenos Aires 14.1 66.0 73.5 17.5 8.1 22.4 Catamarca 23.1 63.7 70.2 27.8 6.2 28.1 Cordoba 13.2 67.5 74.6 19.0 7.8 19.6 Corrientes 17.6 62.6 68.6 16.5 6.5 27.7 Chaco 17.2 62.2 67.4 29.3 6.6 33.5 Chubut 29.4 62.6 71.3 22.2 5.3 19.8 Entre Rios 11.1 64.5 72.2 23.0 7.5 22.1 Formosa 28.6 63.3 69.4 29.6 5.6 22.3 Jujuy 21.3 61.5 66.5 26.6 6.1 32.5 La Pampa 21.2 65.1 71.7 22.0 7.3 21.3 La Rioja 28.4 63.8 70.4 28.5 6.1 26.0 Mendoza 15.6 67.2 73.3 22.1 6.8 22.1 Misiones 28.1 63.0 68.0 30.7 5.6 27.0 Neuquen 45.2 64.1 72.3 25.3 4.0 16.1 Rio Negro 26.8 64.1 71.3 23.9 5.1 22.7 Salta 25.7 61.7 67.1 27.9 5.9 32.8 San Juan 12.0 64.2 71.2 24.3 6.6 23.7 San Luis 27.8 64.8 71.6 23.7 6.5 23.7 Santa Cruz 31.7 62.4 69.8 25.5 4.7 20.4 Santa Fe 12.1 66.5 74.0 19.3 8.5 20.8 Santiago del Estero 11.6 62.7 68.9 25.2 6.1 28.7 Tierra del Fuego 91.9 .. .. 28.2 2.5 11.2 Tucuman 15.3 64.3 70.3 23.9 6.5 28.8 Source: INDEC 1/ Census data Table 1.5: Population aged 10 and over according to illiteracy by age, 1991 I/ Age Population age 10 and Illiterate Illiteracy Rate (%) over Total Male Female Total Male Female Total 25,987,518 955,990 451,736 504,254 3.7 1.7 1.9 10-14 3,350,673 60,507 35,270 25,237 1.8 1.1 0.8 15-19 2,842,009 44,080 25,977 18,103 1.6 0.9 0.6 20-24 2,454,123 45,674 24,844 20,830 1.9 1.0 0.8 25-29 2,304,242 52,210 28,178 24,032 2.3 1.2 1.0 30-34 2,214,181 61,481 33,239 28,242 2.8 1.5 1.3 35-39 2,119,168 71,338 36,634 34,704 3.4 1.7 1.6 40-44 1,963,648 79,489 40,854 38,635 4.0 2.1 2.0 45-49 1,690,055 75,295 37,607 37,688 4.5 2.2 2.2 50-54 1,489,724 72,695 33,936 38,759 4.9 2.3 2.6 55-59 1,361,547 70,298 31,656 38,642 5.2 2.3 2.8 60-64 1,305,161 75,716 32,005 43,711 5.8 2.5 3.3 65 and over 2,892,987 247,207 91,536 155,671 8.5 3.2 5.4 Source: INDEC 1/ Census data Table 1.6: Population aged 10 and over according to illiteracy by Province, 1991 1/ Population age 10 and Illiterate Illiteracy Rate (%) over Total Male Female Total Male Female Country 25,987,518 955,990 451,736 504,254 3.7 1.7 1.9 Capital Federal 2,600,148 17,930 6,243 11,687 0.7 0.2 0.4 BuenosAires 10,192,261 239,462 110,583 128,879 2.3 1.1 1.3 Catamarca 199,397 9,010 4,387 4,623 4.5 2.2 2.3 Cordoba 2,236,047 71,073 36,181 34,892 3.2 1.6 1.6 Corrientes 594,824 55,549 27,632 27,917 9.3 4.6 4.7 Chaco 619,339 70,075 32,877 37,198 11.3 5.3 6.0 Chubut 272,312 12,182 5,814 6,368 4.5 2.1 2.3 Entre Rios 798,775 39,303 21,019 18,284 4.9 2.6 2.3 Formosa 289,649 24,066 10,219 13,847 8.3 3.5 4.8 Jujuy 379,600 25,375 7,420 17,955 6.7 2.0 4.7 La Pampa 205,222 8,262 4,493 3,769 4.0 2.2 1.8 La Rioja 167,565 6,712 3,577 3,135 4.0 2.1 1.9 Mendoza 1,109,998 50,603 24,544 26,059 4.6 2.2 2.3 Misiones 569,441 47,241 21,782 25,459 8.3 3.8 4.5 Neuquen 290,318 15,467 7,362 8,105 5.3 2.5 2.8 Rio Negro 385,000 21,556 10,206 11,350 5.6 2.7 2.9 Salta 640,048 42,991 17,253 25,738 6.7 2.7 4.0 San Juan 410,820 17,467 9,259 8,208 4.3 2.3 2.0 San Luis 223,268 9,620 5,532 4,088 4.3 2.5 1.8 Santa Cruz 121,176 2,655 1,332 1,323 2.2 1.1 1.1 Santa Fe 2,249,280 82,281 39,754 42,527 3.7 1.8 1.9 Santiago del Estero 499,569 43,144 20,714 22,430 8.6 4.1 4.5 Tierra del Fuego 51,065 562 265 297 1.1 0.5 0.6 Tucuman 882,396 43,764 23,288 20,476 5.0 2.6 2.3 Source: INDEC 1! Census data Table 1.7: Evolution of Labor Force Participation, Employment, Unemployment and Underemployment rates 1990-1 994 (Percents) 1990 1981 1992 '1993 1984 1995 1996 1987 1988 1989 1990 1991 1992 1993 1994 Participation Rate Greater Buenos Aires area April 39.3 39.5 39.1 38.0 38.4 . ..40.9 .. . .. . May .. . . . .38.9 39.6 .. 40.4 41.9 40.9 40.9 41.4 44.2 43.4 October 39.4 39.2 39.2 37.5 38.4 .. .. 40.0 40.5 40.8 40.3 40.8 41.7 43.3 43.1 November .. . .38.8 40.0 . . . . . Rest of urban centers. April 39.3 36.7 36.8 37.4 38.8 .. 37.3 .. . .. . May .. . . . .36.4 37.1 .. 37.2 37.5 36.6 37.5 37.6 37.6 37.9 October 39.4 36.8 37.4 36.5 36.5 .. .. 37.3 37.6 37.0 36.9 37.6 38.1 37.6 37.6 November .. . . . .37.1 36.9 . . . . . Total General April . ..38.2 37.4 37.8 .. .. 39.5 .. . .. . May .. . . . .37.9 38.6 .. 38.7 40.2 39.1 39.5 39.8 41.5 41.1 October . ..38.5 37.3 37.9 .. .. 38.9 39.4 39.3 39.0 39.5 40.2 41.0 40.8 November . . ..38.2 38.7 . . . . . Employment Rate Greater Buenos Aires area April . ..36.9 36.0 36.8 . ..38.7 .. . .. . May .. . . . .36.8 37.7 .. 37.9 38.7 37.4 ..38.7 39.5 38.6 October . ..37.8 36.3 37.0 .. .. 37.9 38.2 37.9 37.9 38.6 38.9 39.1 37.4 November .. . . . .36.9 38.2 . . . . . Rest of urban centers. April . ..34.3 35.1 34.6 .. .. 34.7 . . . . . May .. . . . .33.7 34.3 .. 34.6 33.8 33.6 34.5 34.9 34.3 34.1 October . ..35.2 34.4 34.3 .. .. 34.8 34.0 34.3 34.4 35.0 35.2 34.3 33.5 November .. . . . .34.3 34.5 .. . .. . . . Total General April . ..35.9 35.3 36.0 .. .. 37.1 . . . . . May .. . . . .35.5 36.3 .. 36.2 36.9 35.7 36.8 37.1 37.4 36.7 October . ..36.7 35.8 36.2 .. .. 36.1 37.0 36.5 36.5 37.1 37.4 37.1 35.8 November .. . . . .35.9 36.7 .. . .. . .. . Unemployment Rate Greater Buenos Aires area April 2.3 4.0 5.7 5.2 4.1 . .. 5.4 . . . . . May .. . . . . 5.5 4.8 .. 6.3 7.6 8.6 6.3 6.6 10.6 11.1 October 2.2 5.0 3.7 3.1 3.6 .. .. 5.2 5.7 7.0 6.0 5.3 6.7 9.6 13.1 November .. . . . . 4.9 4.5 .. . .. . .. . Rest of urban centers. April 3.1 4.7 6.7 6.1 5.9 .. .. 7.1 . . . . . May .. . . . . 7.4 7.6 .. 7.0 9.8 8.3 7.9 7.3 8.8 10.2 October 3.2 5.8 6.0 5.8 6.0 .. .. 6.6 6.8 7.2 6.7 7.0 7.6 8.7 8.7 November .. . . . . 7.5 6.5 .. . .. . .. . Total General April . .. 6.0 5.5 4.7 .. .. 6.0 . . . . . May .. . . . . 6.3 5.9 .. 6.5 8.1 8.6 6.9 6.9 9.9 10.8 October . .. 4.6 3.9 4.4 .. .. 5.7 6.1 7.1 6.3 6.0 7.0 9.3 12.2 November . . .. 5.9 5.2 .. . .. . .. . Underemployment Rate Greater Buenos Aires area April 4.7 4.6 6.4 4.6 4.5 . .. 8.0 . . . . . May .. . . . . 5.5 6.4 .. 7.7 8.5 8.4 7.7 7.6 8.2 10.2 October 4.5 5.8 5.6 4.9 4.7 .. .. 7.8 7.4 8.0 8.1 7.0 7.3 9.1 November .. . . . . 6.6 6.1 .. . .. . .. . Rest of urban centers. April 4.1 5.8 7.3 8.0 6.9 .. .. 8.7 . . . . . May .. . . . . 8.6 9.7 .. 8.7 10.8 10.9 9.9 9.5 9.9 10.3 October 8.3 6.4 7.7 8.0 8.0 .. .. 9.6 9.0 9.3 10.4 9.4 9.4 9.5 November .. . . . . 7.9 9.5 . . . . . . . Total General April . .. 6.7 5.9 5.4 .. .. 8.2 .. . .. . .. . May .. . . . . 7.5 7.7 .. 8.9 8.6 9.3 8.6 8.3 8.8 10.2 October . .. 6.4 5.9 5.9 .. .. 8.5 8.0 8.6 8.9 7.9 8.1 9.3 November .. . . . . 7.1 7.4 . . . . . . . Source: Permanent Household Survey, INDEC. Table 1.8: Population aged 14 and over by type of activity,andterritorial division, 1991 11 Population Economically active population Not economically active population Unknown Activity aged 14 Total Employed Unemployed Total Retired Student Other Ratio and over N Country 23,288,242 13,202,200 12,368.328 833,872 10,016,463 2,864,173 2,111,847 5,040,443 69,579 56.7 Capital Federal 2,441,140 1,407,149 1,324,027 83,122 1,028,392 457,656 204.460 366,276 5,599 57.6 Buenos Aires 9,194,813 5.213,477 4,852,051 361,426 3.955,654 1,161,269 743,804 2,050,581 25,682 56.7 Catamarca 173,337 96,400 91,556 4,844 76,310 21,499 19,917 34,894 627 55.6 Cordoba 2,014,620 1,153,114 1,076,817 76,297 857,335 247,599 198.419 411,317 4,171 57.2 Corrientes 517,670 278.266 265,554 12,712 236,425 44,585 59,277 132,563 2,979 53.8 Chaco 534,996 324.520 314,736 9,784 207,536 39,216 49,232 119,088 2,940 60.7 Chubut 238,497 147.835 139,171 8,664 90,222 16,647 23,806 49,769 440 62.0 Entre Rios 709,845 382,698 363,533 19,165 324,490 95,680 64,831 163,979 2,657 53.9 Formosa 248,900 147,717 142,891 4,826 99,253 15,788 27,127 56,338 1,930 59.3 Jujuy 324,272 177,987 166,334 11.653 145,156 23,501 47,773 73,882 1,129 54.9 La Pampa 183,839 110,993 107,117 3,876 72,605 22,312 14,401 35,892 241 60.4 La Rioja 145,640 84,352 80,970 3,382 60,773 17,518 15,829 27,426 515 57.9 Mendoza 989,502 555,183 523,244 31,939 433,091 100,509 93,984 238,598 1,228 56.1 Misiones 490,019 309,910 298,045 11,865 178,286 28,588 41,687 108,011 1,823 63.2 Neuquen 253,082 158,117 147,948 10,169 94,542 16,067 26,533 51,942 423 62.5 Rio Negro 337,907 208,148 196,151 11,997 128,726 23,904 31,465 73,357 1,033 61.6 Salta 553,320 308,825 290,249 18,576 241,932 46,862 72,645 122,425 2,563 55.8 San Juan 362,103 193,948 179,649 14,299 167,309 40,528 39,516 87,265 846 53.6 San Luis 197,750 116,405 111,252 5,153 80,792 19,855 17.972 42,965 553 58.9 SantaCruz 107,328 70,380 66.600 3,780 36,758 7,065 11,148 18,545 190 65.6 Santa Fe 2.024,674 1,096,280 1,020,380 75,900 922,257 294,286 176,912 451,059 6,137 54.1 Santiago del Estero 429,471 229,035 217,011 12,024 197,462 40,670 40,513 116,279 2,974 53.3 Tierra del Fuego 45,671 33,186 30,687 2,499 12,431 1,368 3,741 7,322 54 72.7 Tucuman 769,846 398,275 362,355 35,920 368,726 81,201 86,855 200,670 2,845 51.7 Source: INDEC Ii Census data Table 1.9: Poverty lndicators in metropolitan area of Buenos Aires 1988-1994 Percentage of households Under the Under the poverty line indigence line AMBA PGBA PGBA2 AMBA PGBA PGBA2 May 1988 22.6 29.5 38.1 6.4 8.5 11.4 Oct. 1988 24.2 21.0 39.8 7.8 10.6 14.6 May 1989 19.7 24.9 32.5 6.3 7.9 10.8 Oct. 1989 38.3 48.0 56.2 12.7 16.9 22.2 May 1990 33.7 42.8 48.1 9.1 12.4 15.3 Oct. 1990 25.3 33.7 40.0 5.0 6.6 9.0 May1991 21.8 28.2 33.1 3.8 4.9 6.8 Oct. 1991 16.3 21.2 25.3 2.4 3.1 4.1 May 1992 15.1 19.4 22.8 2.4 3.2 3.7 Oct. 1992 13.7 18.0 20.4 2.6 3.3 3.5 May 1993 13.6 17.7 21.4 2.9 3.6 4.2 Oct. 1993 13.1 18.6 21.6 3.6 4.5 5.8 May 1994 11.9 15.1 19.5 3.1 4.0 5.2 Oct. 1994 14.2 18.2 23.7 3.4 4.1 5.2 Source: INDEC-CEPA (Executive Office for the Study of Poverty in Argentina) AMBA: Gran Buenos Aires (Federal Capital plus 19 Partidos). PGBA: Partidos of the Gran Buenos Aires (19 Partidos). PGBA2: Selected Partidos of the Gran Buenos Aires 2 (Almirante Brown, Berazalegui, Esteban Echeverria, General Sarmiento, Florencio Varela, La Matanza, Merlo, Moreno, San Fernando and Tigre. Note: The indigence line is the cost of a basic basket of food. The poverty line is appro- ximately two times the indigence line. Table 2.1: National Accounts 1980-1994 (1956 Thousand Pesos) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Consumpbon 8.090 7 7,807.5 7,368.0 7,669.2 7,962.8 7,427.2 8.057.2 8,167.1 7,787.7 7,469.1 7,438.9 8,378.5 9,331.8 9,808.5 10,376.7 Growthrate(%) -3.5 -5.6 4.1 3.8 -67 8.5 1.4 -46 -4.1 -0.4 126 11.4 5.1 5.8 Share in GDP (%) 78.3 80.2 78.1 78 4 79.9 79.8 80.7 79.7 77.5 79.3 78 9 81.6 83.6 82.9 81.7 Gross investment 2,748.8 2.2996 1,9215 1,907.1 1,841.9 1,513.4 1,743.4 2,002.1 1,962.2 1,483.5 1,336.1 1,671.9 2,188.8 2,489.5 2,961.2 Growth rate(%) . -163 -164 -07 -3.4 -17.8 15.2 148 -2.0 -24.4 -9.9 25.1 30.9 13.7 19.0 Share in GDP (%) 26 6 23.6 20.4 19 5 18.5 16.3 17.5 19.5 19.5 15.7 14.2 16.3 19.6 21.0 23.3 Exports 722.5 760.1 790.1 8105 789.5 9123 814.9 787.2 931.7 990.1 1,177.1 1,0799 1,0660 1,119.0 1,285.1 Growth rate(%) .. 52 39 2.6 -2.6 15.6 -10.7 -3.4 18.4 6.3 18.9 -8.3 -1.3 5.0 14.8 ShareinGDP(%) 7.0 78 8.4 8.3 79 9.8 8.2 7.7 9.3 10.5 12.5 10.5 96 9.5 10.1 Imports 1,230.8 1,1294 648.5 6036 6320 549.6 631.4 714.6 632.6 5184 521.7 8603 1,428.0 1,5850 1,915.5 Growth rate(%) .-82 -426 -69 4.7 -13.0 14.9 13.2 -11.5 -18.1 0.6 649 66.0 110 20.9 ShareinGDP(S%) 119 11.6 69 6.2 6.3 5.9 6.3 7.0 6.3 5.5 5.5 84 12.8 13.4 15,1 Resource gap -508.3 -3693 1416 2D6.9 157.5 362.7 183.5 72.6 299.1 471.7 655.4 219.6 -362.0 -466.0 -6304 Difference (%) .. 139.0 510.9 65.3 -49.4 205.2 -179.2 -110.9 226.5 172.6 183.7 -435.8 -581.6 -104.0 -164.4 ShareinGDP(%) -49 -38 1.5 2.1 1.6 3.9 18 07 3.0 5.0 6.9 2.1 -32 -3.9 -5.0 GDP(Marketprices) 10,331.2 9,737.8 9,431.2 9,783.3 9,962.2 9,303.3 9,984.1 10,241.8 10,049.1 9,424.3 9,430.4 10,2700 11,158.6 11,832.0 12,707.5 Growth rate (%) -5.7 -31 3.7 1.8 -6.6 7.3 2.6 -19 -6.2 0.1 8.9 8.7 6.0 7.4 ShareinGDP(%) 100.0 1000 1000 1000 100.0 100.0 100.0 100.0 1000 100.0 100.0 100.0 100.0 100.0 100.0 GDPofproducersofgoods 4,828.1 4,403.8 4,3050 4,503.9 4.5144 4,139.2 4,510.8 4,645.4 4,564.9 4,136.8 4,2234 4,635.3 4,9836 5,217.5 5,538.1 Growthrate(%) -88 -2.2 4.6 0.2 -8.3 9.0 3.0 -1.7 -9.4 2.1 9.8 7.5 4.7 61 ShareinGDP(%) 46.7 452 45.6 460 45.3 44.5 452 454 45.4 43.9 44.8 45.1 44.7 44.1 43.6 Agricutture 7139 7401 779.8 789.8 791.6 778.4 7788 755.5 8296 753.2 839.2 871.6 872.2 8632 896.4 Growth rate(%) . 3.7 5.4 1.3 0.2 -1.7 01 -3.0 9.8 -9.2 114 39 0.1 -10 3.8 ShareinGOP(%) 6.9 7.6 83 8&1 7.9 84 7.8 7.4 83 8.0 89 8.5 7.8 73 7.1 Mining 231.4 228.4 221.8 2271 224.6 216.5 2022 215.5 2306 238.7 252.1 237.6 2570 2725 304.3 Growth rate(%) . -1.3 -29 2.4 -1.1 -3.6 -6.6 66 70 35 5.6 -5.8 82 6.0 11.7 ShareinGDP(%) 2.2 23 2.4 2.3 2.3 2.3 2.0 2.1 2.3 25 2.7 2.3 2.3 2.3 2.4 Industry 2,890.4 2,5441 2,475.8 2,658.3 2,728.6 2,458.4 2,737.6 2,785.7 2,650.1 2,461.2 2,511.5 2,810.8 3,017 0 3,152.8 3,284.6 Growth rate(%) . -120 -2.7 7.4 26 -9.9 11i4 18 -4.9 -71 2.0 11.9 73 4.5 4.2 Share in GDP (%) 28 0 26.1 26.3 27.2 27.4 26.4 27.4 27.2 26.4 261 26.6 27.4 27.0 26.6 25.8 Energyandwater 1511 1528 160.3 1714 1852 188.4 1954 2053 1913 182.1 198.0 202.6 213.5 2370 251.4 Growthrate( ) 1.1 4.9 69 8.1 17 37 5.1 -68 -4.8 87 23 5.4 11.0 6.1 ShareinGDP(%) 1.5 1.6 1.7 18 1.9 20 2.0 2.0 1.9 1.9 21 20 1.9 2.0 20 Construction 841.3 738.4 6673 657.3 584.4 4975 5969 683.4 6633 501.6 4226 512.7 6239 6920 801.4 Growthrate(%) -122 -9.6 -1.5 -11.1 -149 20.0 145 -29 -244 -15.7 21.3 21.7 10.9 158 Share in GDP() 8.1 76 71 6.7 59 5.3 60 67 6.6 5.3 45 5.0 56 5.8 63 GDP ofproducers of services 5,455.4 5,3337 5,210.3 5,325.0 5,446.1 5,174.1 5,4731 5,561.7 5,45687 5,281.2 5,254.6 5,630.4 6,066.7 6,501.2 7,049.1 Growth rate (%) -2.2 -2.3 2.2 2.3 -5.0 5.8 1.6 -1.9 -3.2 -0.5 7.2 7.7 7 2 8.4 Share in GDP (%) 52.8 54.8 55.2 54.4 54.7 55.6 54.8 54.3 54.3 56.0 55.7 54.8 54.4 54.9 55.5 Commerce 1,843.2 1,666.0 1,540.7 1,612.1 1,68861 1,5358 1,626.1 1,637.3 1,5993 1,437.6 1,464.0 1,705.3 1,862.5 1,946.3 2,102.6 Growth rate(%) .. -9.6 -7.5 4.6 4.7 -9.0 5.9 0.7 -2.3 -101 1.8 16.5 9.2 4.5 8a0 ShareinGDP(%) 17.8 171 163 16.5 169 16.5 163 16.0 15.9 15.3 15.5 166 167 164 16.5 Transportabon 4148 394.3 403.0 4158 442.9 436.5 4680 484.9 4827 497.3 476.1 4969 552.5 5906 636.5 Growth rate(¶) -4.9 2.2 32 6.5 -1.4 7.2 3.6 -0.5 3.0 -43 44 11.2 69 7.8 Share in GDP (%) 4.0 4.0 4 3 4.3 4.4 4 7 4.7 4.7 4.8 5.3 5.0 4.8 5.0 5.0 5 0 BaningServices 1,470.2 1,561.9 1,509.7 1,5006 1,484.7 1,4246 1,522.1 1,535.4 1,493.8 1,443.5 1,410.3 1,551.5 1,7565 1,932.3 2,179.4 Growth rate (%) . 6.2 -3.3 -0.6 -11 -4.0 6.8 0.9 -2.7 -3 4 -2.3 10.0 13.2 10 0 12.8 ShareinGDP(%) 142 160 16.0 153 14.9 15.3 15.2 15.0 149 15.3 15.0 15.1 15.7 16.3 17.2 Otherservices 1,727.2 1,711.5 1,756.9 1,796.5 1,830.4 1,777 2 1.8569 1,904.1 1,8809 1,902.8 1,904.2 1,876.7 1,895.2 2,032.0 2,130 6 Growth rate(%) -0.9 2.7 2.3 1.9 -2.9 4.5 2.5 -1.2 1.2 0.1 -1.4 1 0 7.2 4 9 Share in GOP 16.7 17.6 18.6 18.4 18.4 19.1 18.6 18.6 18.7 202 20.2 18.3 17.0 17.2 16.8 Nettaxes 477 0.3 -84.1 -456 1.7 -10.0 0.2 34.7 27.5 6.3 -47.6 4.3 108.3 113.3 120.4 Difference(%) -47.4 -844 385 47.3 -11.7 10.2 34.5 -7.2 -21.2 -53.9 51.9 1040 5.0 7.1 Share in GDP () 0.5 0.0 -0.9 -0.5 0.0 -0.1 0.0 0.3 0.3 01 -05 0,0 1.0 10 0.9 Gross Domesic Savings 2,240.5 1,9303 2,063.2 2,1141 1,999.4 1,876.1 1,926.9 2,074.7 2,261.4 1,955.2 1,991.5 1,8915 1,826.8 2,0235 2,330.8 Growthrate(%) -138 6.9 2.5 -5.4 -6.2 27 7.7 9.0 -13.5 1.9 -50 -3.4 10.8 15.2 ShareinGOP(¶%) 21.7 19.8 21.9 216 20.1 20.2 193 20.3 22.5 207 211 18.4 164 17.1 18.3 Source: Ministry of Economy Table 2.2: National Accounts 1980-1994 (Thousand Pesos. Curmnt) 1980 1991 1982 1983 1984 1995 1986 1981 1999 11989 1990 191" 1992 1993 11994 Consumption 2 9 5.8 16.5 83 0 610 6 4,082.1 8,057 218,700 3 86.673.2 2,530,560.2 55,326,275.1 151.251,290.8 192,138,185.7 215,236,807 6 232,065,299.4 Growth rate (¶). 98 7 184.5 401.9 635 7 568.5 97.4 132.1 363 5 2,819.7 2,086 3 173 4 27.0 12 0 7.8 Share in GOP(%) 76.2 77.8 75.7 75.8 77.2 76&9 80.7 80. 1 78 0 78&0 80.3 83.6 84.8 8326 82.4 Gross investmnernt 1.0 1 7 4.8 22.9 157.9 93321 1,743 4 4,562.6 20,702.0 503,303 0 9,647,360.0 26,478,135 0 37,854,412.0 46,966.000.0 56,113,00000 Growth rate (¶6) .. 74.8 180 3 381.11 590.4 490 9 86.8 161.7 353.7 2,331.2 1,816.8 174.5 43.0 24 1 19.5 Share in GDP (%) 25 3 22.7 21.8 20 9 20 0 17.6 17 5 19 6 18.6 15 5 14.0 14.6 16.7 18 2 19.9 Exports 0 2 0 5 2.0 10.0 60.0 622.6 814.9 1,837.0 10,586 0 423,620.0 7,140,486.0 13,883,546.0 15,271,000.0 116,237,00)0.0 19,167,000.0 Growth rate (%) . 15665 28141 404.5 499 1 937 1 30 9 125.4 476 3 3,901 7 1,585.6 94 4 10 0 6.3 18 0 Sharein GDP([%) 5.1 6.9 9 1 9.2 7.6 11.7 8 2 7 9 9.5 13.1 10.4 7.7 6 7 6.3 6 8 Imports 0 2 0.6 1.4 6 4 37.6 332.8 631 4 1,767.6 6,899.0 213,438.0 3,1911,647 0 10,715,000.0 18,626,000 0 20,870,000.0 25,702,000.0 Graowt rate (¶). 121.3 158.6 348 4 488 7 784.6 89 7 179 9 290.3 2,99328 1,395 4 235 7 7328 12 0 23.2 Share in GDP (%) 6 5 7 4 6.5 5.8 4 8 6 3 6.3 7.6 6.2 6.6 4.6 5 9 8.2 8.1 9.1 Resource gap -01I 0 0 0 6 3.6 22 4 289 8 183.5 69.4 3,687 0 210,182.0 3.948,639.0 3,168,546 0 -3.355,000 0 -4,633,000.0 46,535,000.0 Drfference (%) . . 0.0 0 6 32i 18 8 267 4 -106 3 -114 1 3,617.6 206,495 0 3,738,457.0 -780,093 0 46,523,546 0 -1,278,000.0 -1,902,00000 Share in GDP () -1 4 -as5 26 3 3 2.8 5 5 1.8 0 3 2.3 6 5 5 7 1.8 -iS5 -1 8 -2.3 GDP (Market pnces) 3 8 7 5 21.9 109 5 790 9 5,305.0 9,984.1 23.332 3 111.062 2 3,244,045.2 68,922,274 1 180,897,971 8 226,637,597.7 257,569,807 6 281,643,299 4 Growth rate (¶6) 94 6 192.4 401.1 622 3 570 7 88.2 133 7 376 0 2,820 9 2,024.6 162 5 25 3 13 6 9.3 Shrare in GDP (%) 100 0 100 0 100 0 100.0 100 0 100 0 100.0 100.0 100 0 100 0 100 0 100 0 100 0 100 0 100 0 GDP ofproducersoftgoods 1 8 3 5 11 1 55.0 380 1 2,488 6 4,510 810,714 9 52,715.4 1,685,734 3 30,426,965 2 71,344,147 7 83.118,788 5 90,993,538 2 98,375,640.4 Growthirate (%) .. 91.4 216 8 396.3 591.2 554 8 81 3 137 5 392 0 3,097 8 1,705 0 134 5 16 5 9 5 al1 Share in GDP(I%) 47 6 46 8 50 7 50 2 48.1 46 9 45 2 45 9 47.5 52 0 44 1 39.4 36 7 35 3 34.9 Agriculture 0 2 0.5 2 1 9 5 66 0 405.0 778 8 1,8886 9,971 1 311,94&.8 5,598,715 2 12,149,790 7 13.577,447.0 14,042.291 3 13.665.684 3 Growth rate (%) 97.8 333 7 352 1 596 1 513 5 92.3 142 5 428 0 3,028.5 1,694 8 117 0 1 1.6 2.4 -2 7 Share in GDP (%) 6 4 6 5 9 6 8.7 8 3 7 6 7.8 8 1 9 0 9 6 8.1 6 7 6.0 5.5 4 9 Mining 0 0 0 1 0.3 2 3 15 0 104 0 202 2 430.2 2,551 0 102,696 1 1,971,569 4 3,732,853 5 4,067,030.5 4,269,552 3 4,672,686 8 Growth rate (%) '138 1 150 7 722.4 542 1 591 0 94 5 112.7 493 0 3,925 8 1,819 8 89 3 9 0 50 9.4 Sharein GDP (%) 1.2 1 5 1 3 2.1 1.9 2 0 2 0 1 8 2 3 3.2 2 9 2 1 1 8 1 7 1 7 Industry 1.1 2 1 6 9 33.6 235 0 1,572 5 2,737 6 6,415 6 31,097.4 1,004.012 7 18,463,860 9 44,114,649 1 49,541.122 8 52,556,297 4 56,443.287 8 Growth rate(I%) . 89.9 218 8 390 0 599.7 569 2 74 1 134 4 384.7 3,128 6 1,739 0 138.9 12 3 6 1 7 4 Share in GDP (¶6) 29 5 28 8 31 4 30 7 29.7 29 6 27 4 27 5 28.0 130 9 26 8 24 4 21.9 20 4 20 0 Energy and water 0.1 0.2 0 3 1 7 13 2 104.0 195 4 475 7 2.084 2 86,295.8 1,328,475 3 2,924,441 3 3,825,814 7 4,387,367 8 4,735,467 0 Growth rate(I%) 132 2 77 7 479 5 678 5 686.6 87 8 143 5 338 2 3,080.9 1.903 9 120 1 30 8 14 7 7 9 Share in GDP(% 18 2 2 1.3 1 6 1 7 2.0 2.0 2 0 1 9 2.0 1 9 1 6 1.7 1.7 1 7 Construction 0 3 0 6 1.6 7 9 50 8 303 1 596.9 1,504 8 7.011 7 200,780 9 3,064,344 4 8,422,413 0 12.107,373 5 15,738,029 5 18 858,514.6 Growth rate (%) 76 5 '164 9 408 0 544 7 496 6 96.9 152.1 38660 2.763 5 1,426 2 174 9 43 8 30 0 19 8 Share in GDP(I%) 8 6 7 8 7 1 7 2 6 4 5 7 6 0 6 4 6 3 6 2 4 4 4 7 5 3 6 1 6 7 GOP ofproducers of services 2.0 40 108 55 2 408.3 2,851 3 5,473 012,565 9 58,104.8 1,583,987 3 39,281,590 4 110,706,020.6 143,801,744 2 164.625,531 4 178,604,316 6 Growth rate (¶6) . 99.5 168 7 409 2 639 0 598.4 91 9 129 6 362.4 2.626 1 2,379 9 181 8 29.9 14 5 8 5 Sharein GOP (%) 52 7 54 0 49 7 50 5 51.6 52.7 54 8 53 9 52 3 48 8 57 0 61 2 62.5 63 9 63 4 Commerce 0 6 1 2 3.6 18 2 132 5 874 0 1,626 1 3,590 0 17,219 1 549,709 7 10,749,964 3 28,725,375 9 34.928,988 4 38,019,454 3 41,132,004 1 Growth rate (%) 9007 200 6 399.1 629 4 559 5 86 1 120.8 379.6 3.092 4 1,855 6 167 2 21 6 8 8 8 2 Share in GDP( 16 5 16 2 16 7 16.6 16 8 16 5 16 3 15 4 15.5 16 9 15 6 15 9 15 4 14 8 14 6 Transportation 0 2 0 4 0 9 4 3 34.1 262 3 468 0 1.042 7 5,580.2 137,753 3 3,613,562 4 9,429,336 3 11.718,631 8 13.028,300 1 15,234,452 7 Growth rate(I%) . 108 3 147 1 386 1 695 0 666.4 78 4 12286 435 2 2,368 6 2,523 2 160 9 24 3 11 2 16 9 Share inGDP(I%) 4 5 4 8 4 0 3 9 4 3 4.9 4 7 4 5 5 0 4.2 5 2 5 2 5 2 5 1 5 4 Banking Services 0 5 1 1 3 1 15 9 106 0 781 1 1,522 1 3,665 7 16.638 1 417,501 1 10,239,296 3 27,675,357 q 38 132.584 7 45.586.065 4 50,267,013 3 Growth rate (¶) 111 6 177 5 408&3 565 5 636 6 94.9 140.8 353 9 2.409 3 2,352 5 170 3 37 8 19 5 10 3 Share in GDP (%) 13 9 15 1 14 3 14 6 12.4 14 7 15 2 15 7 15 0 12 9 14 9 15 3 16tt 17 7 17 8 Other services 0 7 1 3 3 2 1690 135.6 933 9 1,856 9 4.267 6 18,667 6 479,023 2 14,678,767 4 44.875.950 5 59,021,539 3 67,991,705 7 71,970,846 5 Growth rate(% 96 1 138.1 428 0 704 5 588 8 98 8 129 8 337 4 2,466 1 2.964 3 205 7 31 5 15 2 5 9 Share in GDP(I%) 17 8 17 9 1486 15 4 17 1 17 6 18 6 18 3 16 8 14 8 21.3 24 8 26 0 26 4 25 6 Net taxes 0 0 -0. 1 -01I -0 7 2 6 -34 9 0 2 51 5 242.0 -25,676 4 -786,281 5 -1.152.19685 -282,935.0 1,950,737.9 4,663,342 5 Difference -0 1 0.0 -0 7 3 3 -37 5 35.1 51 3 190 5 -25,918.4 -760,805 1 -365,915 0 869.261 4 2,233,673 0 2,712,604 5 Share in GDP(%) -0 3 -0 8 -0.4 -0 7 0 3 -0 7 0.0 0 2 0 2 -0.8 -ii1 -0.6 -01I 0 8 1 7 GrossfDomestic Savings 0 9 1 7 5 3 26 5 180.3 1,222 9 1,926 9 4,632.0 24,389.0 713.485 0 13,595,999 0 29,646,681 0 34,499,412 0 42.333,000 0 49,578,000 0 Growth rate (%) 81.6 219 8 398 6 580 4 578&2 57 6 140 4 426 5 2,825 4 1,805 6 `118 1 16.4 22.7 17.1 Share in GDP (%) 23 8 22.2 24 3 24 2 22 8 22.1 19 3 19 9 22 0 22.0 19 7 16 4 15.2 16 4 17.6 Source: Ministry of Economy Table 2.3: Nional Accounts Implicit Dedlato 156-194 lBase yew 198i110) Ism 19n1 19B2 1913 1984 19i5 isis 1967 1i 19s9 1990 191 1992 1953 1954 Cons-pson 0.04 0.07 0.22 1.08 7.67 54.96 100.00 228.97 111Z95 33880.39 74374269 1805231.14 2058961.68 2194390.08 223640232 Gnf rate (%) .. 105.9 201.5 3822 608.6 616.7 81.9 129.0 386.1 2944.2 2095.2 142.7 14.1 6.6 1.9 Gross irmstnert 0.04 0.07 0.25 1.20 8.57 61.66 100.00 227.89 1055.04 33926.73 722053.74 1583715.23 1729459.61 1886595.40 1894911.16 Growthrate(%) .. 109.0 235.5 3B4.7 614.9 619.2 622 127.9 363.0 3115.7 2028.3 119.3 9.2 9.1 0.4 ErIs 0.03 0.07 0.25 1.24 7.60 68.25 100.00 233.36 1136.20 42785.58 60661677 128563Z56 1432551.59 1451027.70 1491475.78 GCrvthrate(%) 1533 269.6 391.8 515.0 7975 465 1334 386.9 3665.7 1317.8 111.9 11.4 1.3 28 hIporl 0.02 0.05 0.22 1.06 5.95 6055 10000 247.36 1090.58 4117245 611816.56 1245495.76 1304341.74 1316735.86 1341771.74 Grwsthnate(%) .. 141.2 350.4 381.8 4623 917.3 65.1 147.4 340.9 3675.3 1386.0 103.6 4.7 1.0 1.9 Curmnt Aoot 0.01 0.01 0.40 1.75 1423 7990 100.00 9559 123270 44558.41 602477.72 1442871.58 926795.58 994248.68 103660394 Gvuwth te (%) .. -14.9 4203.3 3428 711.0 461.6 25.2 -4.4 1189.5 3514.7 1252.1 139.5 -35.8 7.3 4.3 GDP(U1mtpnces) 0.04 0.08 0.23 1.12 7.94 57.02 100.00 277.81 1105.20 3442213 73085207 1761421.34 2031057.64 2176895.12 2216346.69 Groth rate (%) .. 106.5 201.9 383.0 609.4 61&2 75.4 127.8 385.1 3014.6 2023.2 141.0 15.3 7.2 1.8 GOPdpofpooersdgood 0.04 0.08 0.26 1.22 8.42 60.12 100.00 230.66 1154.80 40749.72 72D437.68 1539148.44 1667846.31 1744007.12 1776347.99 GmowthrAet(%) .. 109.8 224.1 374.4 589.6 614.1 663 1307 400.7 3428.7 1668.0 113.6 8.4 4.6 1.9 Agricubre 0.03 0.07 0.27 1.20 834 5203 10000 249.98 1201.92 41416.46 667149.09 1393964.06 1556689.64 1626740.67 1524517.90 Gnwth rate(%) 90.8 311.6 446.4 594.5 523.9 922 150.0 380.8 3345.9 1510.8 108.9 11.7 4.5 -6.3 Mining 0.02 005 0.13 1.03 6.70 4802 10002 199.63 1106.23 43023.07 782058.46 1571066.29 158250212 1566677.10 1535508.24 Grwth rate (%) .. 141.3 158.2 703.2 549.3 6168 1083 996 454.1 3789.2 1717.8 100.9 0.7 -1.0 -2.0 IndLgsby 0.04 0.08 0.28 1.26 861 63.96 100.00 230.30 1173.44 40793.63 73517264 1569469.51 i642065.72 1666990.64 1718426.31 GmwthrAbe(%) .. 115.7 227.6 356.4 581.7 6428 56.3 1303 409.5 3376.4 17022 i135 4.6 1.5 3.1 Energy and waer 0.05 0.11 0.18 0.99 7.14 5522 100.00 231.69 1089.50 36406.25 670947.14 1443455.74 i791950.70 1851490.72 1883496.97 Grwth rae ) 129.7 69.4 44Z0 620.4 673.2 81.1 131.7 370.2 3241.6 1742.9 115.1 24.1 3.3 1.7 Corsudion 0.04 0.08 0.23 1.20 8.69 60.93 10000 220.19 1057.09 40028.09 725116.98 1642756.59 1940595.20 2274183.52 2353282.56 Growth rate %) . 101.0 193.2 415.7 625.1 60W8 64.1 120.2 380.1 3686.6 1711.5 126.6 18.1 17.2 35 GDOflproducersdserwes 004 0.08 0.21 1.04 7.50 55.11 100.00 225.94 1064.83 2999Z94 747565.76 1966219.46 2370345.40 2532221.44 2533716.84 Growthrale(%) . 1041 175.0 398.2 6226 635.1 81.5 125.9 371.3 2716.7 2392.5 163.0 20.6 6.8 0.1 CoDmmute 0.03 0.07 0.24 1.13 7.85 56.91 100.00 219.26 1076.66 38238.02 734287.18 1684476.39 1875381.92 195343241 1956286.74 Gnth rae (%) . 111 225.0 377.0 596.6 624.9 75.7 119.3 391.0 3451.5 1820.3 129.4 11.3 42 0.1 Transportaion 0.04 0.09 0.22 1.03 7.71 60.10 100.00 215.03 1156.03 27700.24 758992.31 1897632.58 2121019.33 2205878.02 2393406.35 GrowlthratLe(%) .. 119.1 141.7 371.1 646.3 679.6 66.4 115.0 437.6 2296.2 2640.0 150.0 11.8 4.0 8.5 BanidngServices 0.04 0.07 0.21 1.06 7.14 54.83 100.00 238.74 111381 28922.83 726036.75 178378072 2170941.34 2359129.55 2306449.10 Grthrate(%) 99.2 187.1 411.4 572.6 667.7 82.4 1387 366.5 2496.8 24103 145.7 21.7 8.7 -2.2 Oer services 0.04 C108 0.18 0.94 7.41 52.55 10.0 224.13 992.48 25174.65 770862.68 2391215.99 3114264.42 3346054.16 3377930.74 Gwthrate(%) 97.8 131.9 416.4 689.6 609.4 90.3 124.1 342.8 2436.5 2962.1 2102 3D.2 7.4 1.0 Nettams -0.02 -20.65 0.09 1.61 151.77 348.96 100.00 148.51 880.03 -407561.89 1651851.88 -26795266.37 -261251.18 1722463.06 3874493.72 Grown rate(%) .- 86648.7 -100.4 1656.6 9297.8 129.9 -71.3 48.5 492.6 -46412.1 -505.3 -1722.1 -99.0 -759.3 124-9 Gross Domestc SrAings 0.04 0.09 0.26 1.25 9.02 65.18 100.00 223.26 1078.49 36491.66 682701.43 1567363.52 1888516.09 2092090.94 2127059.84 Growtlhrae(%) .. 110.8 199.2 386.6 619.4 6228 53.4 123.3 383.1 3283.6 1770.8 129.6 20.5 10.8. 1.7 Source: Minisby of Economy Table 3.1: Average Nominal Exchange Rate 1980-1994 Pesos per US$ Exchange Devaluation Rate Rate (%) 1980 0.000000018372 39.5 1981 0.000000044027 139.6 1982 0.000000259225 488.8 1983 0.000001053000 306.2 1984 0.000006764910 542.4 1985 0.000060180900 789.6 1986 0.000094303200 56.7 1987 0.000214430000 127.4 1988 0.000875260000 308.2 1989 0.042334000000 4736.7 1990 0.487589000000 1051.8 1991 0.953554000000 95.6 1992 0.990642000000 3.9 1993 0.998946000000 0.8 1994 0.999008000000 0.0 Source: International Monetary Fund. Table 3.2: Average Nominal and Real Exchange Rates 1930-1994 Pesos per US$ Nominal Monthly Real Monthly Exchange Change Exchange Change Rate Rate Rate Index Rate N%) 19BS10011 1%) 19801 0.0000000168 43 2 11 0.0000000180 7.0 40.1 -7.2 III 0 0000000190 5.2 38.3 -4.5 IV 0.0000000196 3.5 34 -11 2 19811 00000000220 11.8 33.1 -26 11 0 0000000376 71 3 44 32 9 III 0 0000000513 36.5 46.9 6.6 IV 0.0000000652 27.0 50 7 8.1 19821 0.0000001026 57.4 61.9 22.1 11 0.0000001367 33.2 71 4 15.3 III 0.0000003773 176.0 136.4 91.0 IV 0.0000004203 11.4 103.6 -24.0 1983 1 0 0000005752 36.9 98.4 -5.0 it 0 0000007820 35.9 95.9 -2.5 IiI 0 0000010734 37 3 85.5 -10.8 IV 0 0000017814 66 0 84.7 -0.9 19841 0 0000027837 56.3 85.5 0.9 11 0 0000041181 47.9 76.5 -10.5 IiI 0.0000069344 66 4 72 -5.9 IV 0.0000132235 90.7 77 3 7.4 19851 0.0000249520 88.7 78 4 1.4 11 0.0000556716 123.1 86.4 10.2 III 0.0000800500 43.8 95.7 10.8 IV 0.0000800500 0.0 94.5 -1.3 19861 0.0000800500 0.0 91.5 -3.2 11 0 0000848957 6.1 88.1 -3.7 III 0 0000972157 14 5 86.4 -1.9 IV 00001150510 18.3 86.4 0.0 19871 0 0001404930 22.1 91.7 6.1 11 0 0001610000 14 6 92 5 0.9 III 0 0002146270 33.3 92 -0.5 IV 00003415990 59.2 106.8 16.1 19881 0.0004378770 28.2 1086 1.7 11 0.0006797710 55.2 109.8 1.1 III 0.0011181500 64.5 97.8 -10.9 IV 0.0012652400 13 2 85.6 -12 5 19891 00014481400 14.5 75.4 -11.9 It 0 0132722000 816.5 212.8 182.2 III 00f23468000 3698 146.7 -31.1 IV 0 0922687000 48 0 143 -2.5 19901 0 3390260000 267 4 138 7 -3.0 11 0 5073180000 49 6 98 9 -28.7 III 0 5714400000 12 6 80 3 -18.8 IV 0 5325730000 -6 8 59 -26.5 19911 0.6443870000 58.5 66.7 13.1 11 0.9861790000 16.8 60 1 -9.9 III 0.9926790000 0 7 57 -5.2 IV 0.9909730000 -0.2 56.9 -0.2 19921 0.9909530000 0.0 54 -5.1 11 0.9905230000 0.0 524 -3.0 III 0.9905900000 0.0 52.8 0.8 IV 0.9905000000 0.0 49 7 -5.9 1993 1 0.9991670000 0.9 48.5 -2.4 11 0.9988170000 0.0 48.4 -0.2 III 0.9990000000 0.0 47.3 -2.3 IV 0.9988000000 0.0 46.7 -1.3 1994 1 0 9990670000 0.0 46.9 0 4 11 0.9988330000 0.0 47.8 1 9 III 0.9990670000 0.0 49.5 3 6 IV 0.9990670000 0.0 49.9 0 8 Source: IMF and IBRD estimates. 1 Trade weighted exchange rate Index Decrease denotes appreciation. Table 3.3: Balance of Payments, 1980-1994 (USS Million) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Exports (FOB) 8,021 9,143 7,625 7,836 8,107 8,396 6,852 6,360 9,135 9,579 12,354 11,978 12,235 13,117 15,839 Imports (CIF) 10,541 9,430 5,337 4,504 4,585 3,814 4,724 5,818 5,322 4,203 4,079 8,275 14,872 16,783 21,590 Trade Balance -2,520 -287 2,288 3,332 3,522 4,582 2,128 542 3,813 5,376 8,275 3,703 -2,637 -3,666 -5,751 Non-Factor Services (net) -740 -705 43 -400 -205 -231 -573 -285 -255 -265 -284 -815 -908 -1,394 -1,333 Balance of Goods and NFS -3,260 -992 2,331 2,932 3,317 4,351 1,555 257 3,558 5,111 7,991 2,888 -3,545 -5.060 -7,084 Net Factor Service Income -1,532 -3,700 -4,719 -5,408 -5,712 -5,304 -4,416 -4,485 -5,127 -6,422 -4,173 -3,940 -3.540 -2,382 -2,547 Net Interest Payments -948 -2,965 -4,403 -4,983 -5,273 -4,879 -3,934 -3,927 -4,467 -5,758 -3,538 -3,135 -2,695 -1,109 -1,277 Interest Receipts 1,227 885 523 440 264 253 357 218 211 265 2,072 2,061 1,514 2,122 2,900 Interest Payments 2,175 3,850 4,926 5,423 5,537 5,132 4,291 4,145 4,678 6,023 5,610 5,196 4,209 3,231 4,177 Other Factor Services -584 -735 -316 -425 -439 -425 -482 -558 -660 -664 -635 -805 -845 -1,273 -1,270 Current Transfers (net) 23 -22 31 16 3 0 2 -8 0 8 998 793 749 411 320 Current Account -4,769 -4,714 -2,357 -2,460 -2,392 -953 -2,859 -4,236 -1,569 -1,303 4,816 -259 -6,336 -7,031 -9,311 Capital Account 2,276 1,155 -3,809 -112 648 397 784 136 188 -5,486 -4,137 -7,357 2,944 11,408 9,869 of which: Direct Investment Income 788 927 257 183 647 397 784 138 191 1,028 305 465 518 Privatizations 0 0 0 0 0 0 0 0 0 0 1,531 1,974 3,661 Variation of Net International Reserves -2,493 -3,559 -6,166 -2,572 -1,744 -556 -2,075 -4,100 -1,381 -6,789 679 -7,616 -3,392 4,377 558 Source: INDEC and Ministry of Economy Note: The figures for 1993 and 1994 cannot be compared with previous figures because of methodological changes. Table 3.4: Exports by commodity group 1980-1994 (MUS Million) 1980 1981 1982 19e3 1984 1985 1986 198? 1988 1989 1990 1991 1992 1993 1994l Primary products 3,194.0 4,162.0 3,031.0 3,810.0 3,770.0 3,678.8 2,524.5 1,752.6 2,419.8 2,091.5 3,339.1 3,301.2 3,474.7 3,271.9 3,741.3 Growth rate(%) .. 30.3 -27.2 25.7 -1.0 -2.4 -31.4 -30.6 38.1 -13.6 59.7 -1.1 5.3 -5.8 14.3 Share of total exports ()39.8 45.5 39.8 48.6 46.5 43.8 36.8 27.6 26.5 21.8 27.0 27.6 28.4 25.0 23.6 Cereals 1,631.0 2,830.0 1,822.0 2,894.0 2,240.0 2,262.0 1,245.3 744.1 922.0 1,015.7 1,374.1 1,066.7 1,542.7 1,453.3 1,323.0 Growth rate(%) .. 73.5 -35.6 58.8 -22.6 1.0 -44.9 -40.2 23.9 10.2 35.3 -22.4 44.6 -5.8 -9.0 Share of export group(% 51.1 68.0 60.1 76.0 59.4 61.5 49.3 42.5 38.1 48.6 41.2 32.3 44.4 44.4 35.4 Share of total exports(% 20.3 31.0 23.9 36.9 27.6 26.9 18.2 11.7 10.1 10.6 11.1 8.9 12.6 11.1 8.4 Seeds and oilseedftruits 671.0 648.0 460.0 366.0 952.0 735.2 646.9 334.2 633.9 211.4 827.7 1,081.2 786.2 696.5 952.6 Growth rate (%) .. -3.4 -29.0 -20.4 160.1 -22.8 -'12.0 -48.3 89.7 -66.7 291.5 30.6 -27.3 -11.4 36.8 Share of export group (%) 21.0 15.6 15.2 9.6 25.3 20.0 25.6 19.1 26.2 10.1 24.8 32.8 22.6 21.3 25.5 Share of total exports (% 8.4 7.1 6.0 4.7 11.7 8.8 9.4 5.3 6.9 2.2 6.7 9.0 6.4 5.3 6.0 Manufacturesofagricufturalsource 2,951.0 2,886.0 2,487.0 2,639.0 2,868.0 2,597.0 2,686.3 2,826.1 3,943.0 4,005.6 4,663.9 4,927.4 4,822.7 4,918.8 5,799.4 Growth rate (%) .. -2.2 -13.8 6.1 8.7 -9.4 3.4 5.2 39.5 1.6 16.4 5.6 -2.1 2.0 17.9 Share of tDtal exports(% 36.8 31.6 32.6 33.7 35.4 30.9 39.2 44.4 43.2 41.8 37.8 41.1 39.4 37.6 36.6 Fats and oils 524.0 395.0 429.0 538.0 931.0 992.8 656.4 546.1 921.0 875.9 1,151 3 1,221.1 1,130.8 1,078.5 1,532.9 Growth rate (%) -24.6 8.6 25.4 73.0 6.6 -33.9 -16.8 68.7 -4.9 31.4 6.1 -7.4 -4.6 42.1 Share of export group (%) 17.8 13.7 17.2 20.4 32.5 38.2 24.4 19.3 23.4 21.9 24.7 24.8 23.4 21.9 26.4 Share oftotal exports (%) 6.5 4.3 5.6 6.9 11.5 1 1.8 9.6 8.6 10.1 9.1 9.3 10.2 9.2 8.2 9.7 Food industry residuals 413.0 397.0 439.0 644.0 724.0 515.2 821.8 877.0 1,442.7 1,334.8 1,199.8 1,270.0 1,455.8 1,456.0 1,340.8 Growth rate (%) .. -3.9 10.6 46.7 12.4 -28.8 59.5 6.7 64.5 17.5 -10.1 5.9 14.6 0.0 179 Share of export group (%) 14.0 1386 17.7 24.4 25.2 19.8 30.6 31.0 36.6 33.3 25.7 25.8 30.2 29.6 23.1 Share of tDtal exports,(%) 5.1 4.3 5.8 8.2 8.9 6.1 12.0 13.8 15.8 13.9 9.7 10.6 11.9 11.1 8.5 Leathers 372.0 425.0 322.0 272.0 309.0 293.9 350.9 371.2 362.9 373.9 488.0 513.6 483.2 617.8 762.2 Growth rate (%) . 14.2 -24.2 -15.5 13.6 -4.9 19.4 5.8 3.2 -2.4 30.5 5.2 -9.8 33.4 23.4 Share of export group (%) 12.6 14.7 12.9 10.3 10.8 11.3 13.1 1321 9.7 9.3 10.5 10.4 9.6 12.6 13.1 Share of total exports (%) 4.6 4.6 4.2 3.5 3.8 3.5 5.1 5.8 4.2 3.9 4.0 4.3 3.8 4.7 4.8 Manufacturesoftindustrial source 1,596.0 1,469.0 1,555.0 1,039.0 1,222.0 1,541.0 1,495.8 1,694.7 2,632.8 3,185.9 3,364.3 2,983.5 2,743.1 3,655.5 4,647.6 Growth rate(%) . -6.0 5.9 -33.2 1 76 26.1 -2.9 13.3 55.4 21.0 5.6 -11.3 -81 33.3 27.1i Share of total exports(% 19.9 16.1 20.4 13.3 15.1 18.4 21.8 26.6 28.8 33.3 27.2 24.9 22.4 27.9 29.3 Chemical and related products 317.0 316.0 275.0 242.0 222.0 279.2 248.9 291.2 457.9 487.4 522.5 503.7 518.9 558.5 723.7 Growth rate (%) . . -0.3 -13.0 -12.0 -8.3 25.8 -10.9 17.0 57.2 6.4 7.2 -3.6 3.0 7.6 29.6 Share of export group(% 19.9 21.5 17.7 23.3 18.2 18.1 16.6 17.2 17.4 15.3 15.5 16.9 ias9 15.3 15.6 Share of total exports(% 40 3.5 3.6 3.1 2.7 3.3 3.6 4.6 5.0 5.1 4.2 4 2 4.2 4.3 4.6 Metal manufactures 318.0 449.0 514 0 319.0 316.0 508.1 474.2 532.1 912.6 1,238.6 1,163.3 912.4 626.2 696.8 786.6 GrovAh rate (%) .. 41.2 14.5 -37.9 -0.9 60.8 -6.7 12.2 71.5 35.7 -6.1 -21 6 -31.4 11.3 12.9 Share of export group(% 19.9 30.6 33.1 30.7 25.9 3320 31.7 31.4 34.7 38.9 34.6 30.6 22.8 19.1 16.9 Share of total exports(% 4.0 4.9 6.7 4.1 3.9 6.1 6.9 8.4 10.0 12.9 9.4 7.6 5.1 5.3 5.0 Electrical machinery 317.0 306.0 295.0 181.0 211.0 268.3 280.2 269.9 383.7 430.0 485.7 561.9 501.8 752.7 855.3 Growth rate (%) .. -3.5 -3.6 -38.6 16.6 27.2 4.4 -3.7 42.2 12.1 iao0 15 7 -10.7 50.0 13.6 Share of export group(% 19.9 20 8 19.0 17.4 17.3 17.4 18.7 15.9 14.6 13.5 14.4 18.8 18.3 20.6 18.4 Share of total exports% 4.0 3.3 3.9 2.3 2.6 3.2 4.1 4.2 4.2 4.5 3.9 4.7 4.1 5 7 5.4 Transport material 174 0 123.0 216.0 92.0 168.0 236.2 212.0 134.6 170 8 190.1 223.1 266.3 389.6 718 2 903 4 Growth rate (%) -29.3 75 6 -57.4 82.6 40.6 -10.2 -36.5 26.9 11.3 17.4 19.4 46.3 84.3 25.8 Share of export group (%) 10.9 8.4 13.9 8.9 13.7 15.3 14.2 7.9 6.5 6.0 6.6 8.9 14.2 19.6 19.4 Share of totailexports% 2.2 1.3 2.8 1.2 2.1 2.8 3.1 2.1 1.9 2.0 1 8 2.2 3.2 5.5 5.7 Energyfand fuels 280.0 622 0 552.0 349.0 347 0 566.1 145.6 86.8 139.2 296.3 985.2 765.7 924.0 1,251 2 1,651 0 Growth rate (%/) .. 122 1 -11.3 -36.8 -0.6 63.1 -74.3 -40.4 60.4 112 9 232.5 -22.3 20.7 35.4 320 Share of total exports (%) 3.5 6.8 7.2 4.5 4.3 6.7 2.1 1.4 1.5 3.1 ao 6.4 7.6 9.6 10.4 Total Exports 8,021.0 9,143.0 7,625.0 7,836.0 8,107.0 8,396 0 6,852.2 6,360.2 9,133.0 9,579.3 12,352.5 11,977.8 12,234.9 13,097 5 15,839.3 Growth rate(%) .. 14.0 -16.6 2.8 3.5 3 6 -18.4 -7.2 43.6 4 9 28.9 -3.0 2 1 7.1 20.9 Total of selected group(% 62.5 71.2 69.8 75.3 79.2 79.3 74.2 65.8 69.7 67.4 68.2 68.1 68 2 70.8 68.4 Source: INDEC Table 3.5: Foreign trade by principal countries and regions 1980-1994 (USS Million) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Exports 8,021.0 9,143.0 7,625.0 7,836.0 8,107.0 8,420.4 6,851.5 6,360.3 9,133.3 9,567.2 12,352.4 11,977.8 12,234.9 13,097.5 15,839.3 ALADI 1,847.2 1,741.0 1,515.0 1,027.0 1,383.0 1,485.5 1,556.5 1,314.0 1,767.9 2,388.0 3,128.1 3,368.7 3,917.5 5,262.0 6,957.2 Share of total exports (%) 23.0 19.0 19.9 13.1 17.1 17.6 22.7 20.7 19.4 25.0 25.3 28.1 32.0 40.2 43.9 U.S.A. 718.0 863.0 1,024.0 773.0 877.0 1,028.0 677.9 897.6 1,186.1 1,150.1 1,665.2 1,244.5 1,348.9 1,273.4 1,737.0 Shareoftotalexports(%) 9.0 9.4 13.4 9.9 10.8 12.2 9.9 14.1 13.0 12.0 13.5 10.4 11.0 9.7 11.0 E.E.C. 2,384.0 2,169.0 1,834.0 1,844.0 2,236.0 1,754.0 1,718.5 1,814.6 2,722.6 2,499.0 3,740.6 3,956.2 3,731.8 3,650.2 3,890.5 Share of total exports (%) 29.7 23.7 24.1 23.5 27.6 20.8 25.1 28.5 29.8 26.1 30.3 33.0 30.5 27.9 24.6 Former Soviet Union 1,614.0 2,960.0 1,585.0 1,635.0 1,188.0 1,212.7 208.8 640.8 858.6 828.8 498.6 224.4 103.4 108.5 45.6 Share of total exports (%) 20.1 32.4 20.8 20.9 14.7 14.4 3.0 10.1 9.4 8.7 4.0 1.9 0.8 0.8 0.3 Japan 211.0 166.0 283.0 377.0 271.0 360.9 391.1 223.9 332.9 270.0 394.9 453.5 374.9 466.8 445.2 Share of total exports(%) 2.6 1.8 3.7 4.8 3.3 4.3 5.7 3.5 3.6 2.8 3.2 3.8 3.1 3.6 2.8 Other countries 1,246.8 1,244.0 1,384.0 2,180.0 2,152.0 2,579.3 2,298.7 1,469.4 2,265.2 2,431.3 2,925.0 2,730.5 2,758.4 2,336.6 2.763.8 Share of total exports (%) 15.5 13.6 18.2 27.8 26.5 30.6 33.6 23.1 24.8 25.4 23.7 22.8 22.5 17.8 17.4 Imports 10,541.0 9,430.0 5,337.0 4,504.0 4,585.0 3,812.8 4,722.2 5,818.8 5,322.0 4,203.2 4,076.7 8,275.3 14,871.8 16,783.6 21,589.2 ALADI 2,138.0 1,887.0 1,535.0 1,448.0 1,641.0 1,298.6 1,596.9 1,724.5 1,774.5 1,389.2 1,403.3 2,748.3 4,981.3 5,434.2 5,944.8 Share of total imports (%) 20.3 20.0 28.8 32.1 35.8 34.1 33.8 29.6 33.3 33.1 34.4 33.2 33.5 32.4 27.5 U.S.A. 2,379.0 2,094.0 1,177.0 987.0 847.0 685.0 824.0 939.6 908.1 880.0 861.6 1,870.9 3,226.2 3,858.6 4,372.7 Share of total imports (%) 22.6 22.2 22.1 21.9 18.5 18.0 17.4 16.1 17.1 20.9 21.1 22.6 21.7 23.0 20.3 E.E.C. 3,126.0 2,784.0 1,364.0 1,224.0 1,126.0 997.8 1,269.8 1,853.2 1,560.2 1,143.4 1,118.8 2,033.2 3,633.4 4,140.8 6,139.6 Share of total imports (%) 29.7 29.5 25.6 27.2 24.6 26.2 26.9 31.8 29.3 27.2 27.4 24.6 24.4 24.7 28.4 Former Soviet Union 15.0 32.0 28.0 31.0 36.0 41.9 59.2 90.5 18.0 23.5 12.4 15.3 30.4 45.2 95.0 Share of total imports (%) 0.1 0.3 0.5 0.7 0.8 1.1 1.3 1.6 0.3 0.6 0.3 0.2 0.2 0.3 0.4 Japan 977.0 965.0 430.0 307.0 376.0 265.5 336.7 441.5 349.1 180.7 133.2 393.3 697.2 668.5 986.3 Share of total imports(%) 9.3 10.2 8.1 6.8 8.2 7.0 7.1 7.6 6.6 4.3 3.3 4.8 4.7 4.0 4.6 Other countries 1,906.0 1,668.0 803.0 507.0 559.0 524.0 635.6 769.5 712.1 586.4 547.4 1,214.3 2,303.3 2,636.3 4,050.8 Share of total imports(%) 18.1 17.7 15.0 11.3 12.2 13.7 13.5 13.2 13.4 14.0 13.4 14.7 15.5 15.7 18.8 Source: INDEC Table 3.6: Foreign Trade with MERCOSUR and NAFTA 1980-1994 (US$ Million) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 11994 TOTAL EXPORTS 8,021.0 9,143.0 7,625.0 7,836.0 8,107.0 8,420.4 6,851.5 6,360.3 9,133.3 9,567.2 12,352.4 11,977.8 12,234.9 13,097.5 15,839.3 Growth rate(%) .. 14.0 -16.6 2.8 3.5 3.9 -18.6 -7.2 43.6 4.8 29.1 -3.0 2.1 7.1 20.9 MERCOSUR (%) 1/ 14.2 9.8 10.9 6.7 8.1 7.9 13.1 12.1 9.6 14.9 14.8 16.5 19.0 28.1 30.3 Total 1,136.7 892.4 828.3 522.4 655.5 667.5 894.8 768.6 875.2 1,428.0 1,832.7 1,977.1 2,326.9 3,684.0 4,803.7 Growth rate (%) .. -21.5 -7.2 -36.9 25.5 1.8 34.1 -14.1 13.9 63.2 28.3 7.9 17.7 58.3 30.4 Traded 2/ 619.3 368.6 367.5 285.5 394.4 380.4 585.0 433.8 411.1 724.0 862.6 930.1 935.2 1,463.0 3,783.8 Growth rate (%) .. -40.5 -0.3 -22.3 38.1 -3.5 53.8 -25.8 -5.2 76.1 19.1 7.8 0.5 56.4 158.6 NAFTA(%) 1/ 10.7 13.0 15.2 10.5 13.2 15.7 13.0 15.9 15.4 14.5 16.7 12.7 13.2 11.9 13.2 Total 859.9 1,192.0 1,159.8 820.6 1,068.4 1,317.9 890.2 1,011.4 1,403.4 1,387.4 2,067.9 1,516.7 1,614.4 1,562.5 2,083.6 Growth rate (%) .. 38.6 -2.7 -29.2 30.2 23.4 -32.5 13.6 38.8 -1.1 49.0 -26.7 6.4 -3.2 33.4 TOTAL IMPORTS 10,541.0 9,430.0 5,337.0 4,504.0 4,585.0 3,812.8 4,722.2 5,,Q1 8.8 5,322.0 4,203.2 4,076.7 8,275.3 14,871.8 16,783.6 21,589.2 Growth rate(%) .. -10.5 -43.4 -15.6 1.8 -16.8 23.9 23.2 -8.5 -21.0 -3.0 103.0 79.7 12.9 28.6 MERCOSUR (%) 1/ 12.4 11.7 15.5 17.6 21.4 18.3 17.6 17.2 22.0 20.7 21.5 21.8 25.2 24.0 22.2 Total 1,304.7 1,105.9 827.0 794.5 979.7 697.6 831.7 1,003.3 1,169.9 869.1 875.6 1,804.6 3,754.7 4,028.7 4,783.8 Growth rate (% . -15.2 -25.2 -3.9 23.3 -28.8 19.2 20.6 16.6 -25.7 0.7 106.1 108.1 7.3 18.7 Traded 2/ 659.6 555.1 464.2 454.2 541.6 395.7 533.1 580.4 636.1 535.9 476.1 1,210.8 2,740.0 3,543.8 4,301.5 Growth rate -% . -15.8 -16.4 -2.2 19.2 -26.9 34.7 8.9 9.6 -15.8 -11.2 154.3 126.3 29.3 21.4 NAFTA (%) 1/ 24.1 24.2 23.9 24.3 17.0 25.8 20.6 19.8 20.0 23.9 24.6 25.1 23.2 24.9 22.3 Total 2,544.0 2,284.1 1,277.8 1,096.6 780.0 982.6 974.4 1,149.3 1,065.1 1,005.3 1,001.3 2,073.0 3,453.3 4,184.2 4,819.1 Growth rate (% . -10.2 -44.1 -14.2 -28.9 26.0 -0.8 17.9 -7.3 -5.6 -0.4 107.0 66.6 21.2 15.2 BALANCE -2,520.0 -287.0 2,288.0 3,332.0 3,522.0 4,607.6 2,129.3 541.5 3,811.3 5,364.0 8,275.7 3,702.5 -2,636.9 -3,686.1 -5,749.9 MERCOSUR ()1/ 6.7 74.4 0.1 -8.2 -9.2 -0.7 3.0 -43.3 -7.7 10.4 11.6 4.7 54.1 9.4 -0.3 Total -168.0 -213.5 1.3 -272.1 -324.2 -30.1 63.1 -234.7 -294.7 558.9 957.1 172.5 -1,427.8 -344.7 19.9 Traded 21 -40.3 -186.5 -96.7 -168.7 -147.2 -15.3 51.9 -146.6 -225.0 188.1 386.5 -280.7 -1,804.8 -2,080.8 -517.7 NAFTA (%) 3/ 66.8 380.5 -5.2 -8.3 8.2 7.3 -4.0 -25.5 8.9 7.1 12.9 -15.0 69.7 71.1 47.6 Total -1,684.1 -1,092.1 -118.0 -276.0 288.4 335.3 -84.2 -137.9 338.3 382.1 1,066.6 -556.3 -1,838.9 -2,621.7 -2,735.5 Source: INDEC 1/ Share of total export, import or balance with MERCOSUR countries on the total exports, imports or trade balance of Argentina. 2/ Traded columns include ALADI operations. 3/ Share of total export, import or balance with NAFTA countries on the total Argentina's exports, imports or trade balance. Table 3.7: Imports by economic use 1980-1 994 (US$ Million) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Consumption goods 2,055.0 1,661.0 443.0 244.0 282.0 238.0 346.0 347.0 272.0 221.0 330.0 1,514.0 3,205.0 3,527.0 3,906.5 Growth rate (%) .. -19.2 -73.3 -44.9 15.6 -15.6 45.4 0.3 -21.6 -18.8 49.3 358.8 111.7 10.0 10.8 Share of total imports (%) 19.5 17.6 8.3 5.4 6.2 6.2 7.3 6.0 5.1 5.3 8.1 18.3 21.6 21.0 18.1 Intermediate goods 3,601.0 3,027.0 2,333.0 2,270.0 2,328.0 1,698.0 2,362.0 2,532.0 2,581.0 2,158.0 2,069.0 3,419.0 4,742.0 5,066.0 6,242.0 Growth rate (%) .. -15.9 -22.9 -2.7 2.6 -27.1 39.1 7.2 1.9 -16.4 -4.1 65.2 38.7 6.8 23.2 Share of total imports ()34.2 32.1 43.7 50.4 50.8 44.5 50.0 43.5 48.5 51.3 50.7 41.3 31.9 30.2 28.9 Capital goods 2,323.0 2,097.0 982.0 787.0 692.0 702.0 663.0 1,041.0 904.0 745.0 636.0 1,435.0 3,095.0 4,115.0 6,010.6 Growth rate (% . -9.7 -53.2 -19.9 -12.1 1.4 -5.6 57.0 -13.2 -17.6 -14.6 125.6 115.7 33.0 46.1 Share of total imports %)22.0 22.2 18.4 17.5 15.1 18.4 14.0 17.9 17.0 17.7 15.6 17.3 20.8 24.5 27.8 Pieces and accesories for rcapital goods 1,255.0 1,395.0 889.0 747.0 810.0 719.0 920.0 1,217.0 1,053.0 701.0 691.0 1,237.0 2,591.0 2,809.0 3.396.1 Growth rate (%) .. 11.2 -36.3 -16.0 8.4 -11.2 28.0 32.3 -13.5 -33.4 -1.4 79.0 109.5 8.4 20.9 Share of total imports(% 11.9 14.8 16.7 16.6 17.7 18.8 19.5 20.9 19.8 16.7 16.9 14.9 17.4 16.7 15.7 Fuels 985.0 862.0 644.0 452.0 471.0 456.0 419.0 635.0 494.0 366.0 316.0 452.0 416.0 386.0 606.4 Growth rate (% . -12.5 -25.3 -29.8 4.2 -3.2 -8.1 51.6 -22.2 -25.9 -13.7 43.0 -8.0 -7.2 57.1 Share of total imports ()9.3 9.1 12.1 10.0 10.3 11.9 8.9 10.9 9.3 8.7 7.8 5.5 2.8 2.3 2.8 Vehicles for passengers 239.0 244.0 27.0 4.0 0.0 2.0 11.0 17.0 12.0 7.0 12.0 202.0 793.0 849.0 1,398.8 Growth rate (%) .. 2.1 -88.9 -85.2 -100.0 .. 450.0 54.5 -29.4 -41.7 71.4 1,583.3 292.6 7.1 64.8 Share of total imports(% 2.3 2.6 0.5 0.1 0.0 0.1 0.2 0.3 0.2 0.2 0.3 2.4 5.3 5.1 6.5 Others 82.0 144.0 20.0 1.0 1.0 1.0 3.0 29.0 5.0 7.0 23.0 17.0 30.0 34.0 28.6 Growth rate (% . 75.6 -86.1 -95.0 0.0 0.0 200.0 866.7 -82.8 40.0 228.6 -26.1 76.5 13.3 -15.9 Share of total imports ()0.8 1.5 0.4 0.0 0.0 0.0 0.1 0.5 0.1 0.2 0.6 0.2 0.2 0.2 0.1 Total imports 10,540.0 9,430.0 5,338.0 4,505.0 4,584.0 3,816.0 4,724.0 5,818.0 5,321.0 4,205.0 4,077.0 8,276.0 14,872.0 16,786.0 21,589.0 Growth rate(% . -10.5 -43.4 -15.6 1.8 -16.8 23.8 23.2 -8.5 -21.0 -3.0 103.0 79.7 12.9 28.6 Share of total imports(% 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Source: INDEC Table 3.8: Imports of capital goods by economic sector 1985-1994 (US$) 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Total imports of capital goods 700,962.0 663,293.0 1,040,959.0 904,294.0 744,732.0 635,453.0 1,438,022.0 3,095,207.0 3,977,041.0 5,818,908.0 Agriculture 9,429.0 5,497.0 9,399.0 13,757.0 21,940.0 25,265.0 43,138.0 78,070.0 98,443.0 178,296.0 Share of total (%) 1.3 0.8 0.9 1.5 2.9 4.0 3.0 2.5 2.5 3.1 Mining 2,780.0 3,147.0 7,354.0 6,118.0 3,328.0 2,967.0 3,182.0 10,975.0 14,353.0 25,168.0 Share of total (%) 0.4 0.5 0.7 0.7 0.4 0.5 0.2 0.4 0.4 0.4 Industry 299,285.0 289,381.0 508,371.0 493,502.0 371,886.0 305,312.0 642,044.0 1,230,129.0 1,552,423.0 1,991,007.0 Share of total (%) 42.7 43.6 48.8 54.6 49.9 48.0 44.6 39.7 39.0 34.2 Energyandwater 56,345.0 69,340.0 87,033.0 90,305.0 66,136.0 60,428.0 113,918.0 201,832.0 263,291.0 370,494.0 Share of total(%) 8.0 10.5 8.4 10.0 8.9 9.5 7.9 6.5 6.6 6.4 Construction 71,410.0 74,562.0 110,991.0 66,122.0 60,301.0 53,921.0 98,479.0 223,298.0 327,111.0 491,485.0 Shareoftotal(%) 10.2 11.2 10.7 7.3 8.1 8.5 6.8 7.2 8.2 8.4 Transport 71,575.0 32,271.0 52,364.0 26,629.0 51,304.0 44,501.0 80,225.0 409,588.0 606,720.0 1,180,137.0 Share of total (%) 10.2 4.9 5.0 2.9 6.9 7.0 5.6 13.2 15.3 20.3 Commerce and banking 81,329.0 70,948.0 74,294.0 62,625.0 69,871.0 56,123.0 156,042.0 273,219.0 378,423.0 550,588.0 Shareoftotal(%) 11.6 10.7 7.1 6.9 9.4 8.8 10.9 8.8 9.5 9.5 Communicabon 57,548.0 53,721.0 114,064.0 69,718.0 51,271.0 41,850.0 182,101.0 460,003.0 662,037.0 924,022.0 Share of total (%) 8.2 8.1 11.0 7.7 6.9 6.6 12.7 14.9 16.6 15.9 Health 28,714.0 38,729.0 45,486.0 41,412.0 25,412.0 23,574.0 69,875.0 149,928.0 138,856.0 219,449.0 Share of total (%) 4.1 5.8 4.4 4.6 3.4 3.7 4.9 4.8 3.5 3.8 Research 10,453.0 11,036.0 15,394.0 14,576.0 10,465.0 9,620.0 21,280.0 20,534.0 25,200.0 35,132.0 Share of total(%) 1.5 1.7 1.5 1.6 1.4 1.5 1.5 0.7 0.6 0.6 Others 12,094.0 14,661.0 16,209.0 19,530.0 12,818.0 11,892.0 27,738.0 37,631.0 48,523.0 72,062.0 Share of total(%) 1.7 2.2 1.6 2.2 1.7 1.9 1.9 1.2 1.2 1.2 Source: INDEC, CEPAL Table 4.1: External Debt USS Million 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 19941! Extemal Debt 27,157 35,658 43,634 45,920 48,857 50,946 52,450 58,458 58,741 65,226 62,191 65,361 67,770 74,473 77.388 Long Term Debt(bydebtor) 16,774 22,736 27,113 37,006 38,138 44,215 48,040 54,927 53,024 56,732 51.789 51,851 51,594 65,054 Central Bank, incl. IMF credit 170 251 5,068 13,144 13.973 27,062 30,601 41,465 39,455 39,613 31,324 29,761 28,955 12,592 CentralGovemment 3,480 4,238 4,485 2,586 2,387 4,895 5,463 7,130 6,918 7,496 8,911 10.643 11,161 43,099 Rest of the General Govemment 475 479 433 504 509 380 347 165 160 155 172 180 176 97 Non-Financial Public Enterprises 3,399 2,978 2,922 3,211 4,625 4,159 4,318 2.589 3,143 5,206 6,366 6,271 6,042 1,678 Private Sector, incl. non-guaranteed 9,250 14,790 14,205 17,562 16,644 7,719 7,311 3,579 3.348 4,263 5,016 4,996 5,260 7,588 ShortTerm Debt 10,383 12,921 16,521 8.913 10,718 6,731 4,410 3,531 5,717 8,494 10,402 13,510 16,176 9,419 10,339 Long Term Debt (by creditor) 16,773 22,737 27,112 35,834 37,040 41.903 45,299 51,075 49,347 53,633 48,705 49,368 49,849 58,392 67.049 Public and publicty guaranteed 10,180 10,571 15,885 25,441 26,700 37,328 40,958 49,222 47,547 51,833 46,905 47,568 47,605 52,023 55,784 Officialcreditors 1,903 1,914 1,959 2,810 2,642 4.815 5,992 8.959 8,739 9,607 11,226 12,570 13,160 16.806 18,765 Multilateral 1,087 1,230 1,321 1,556 1,562 2.011 2,675 4,229 4,029 4,361 5,007 5,419 5,037 7,112 7,695 Concessional 149 138 126 114 109 111 128 133 118 110 102 89 69 32 16 Bilateral 816 684 638 1,254 1,080 2,804 3,317 4,730 4,710 5,246 6,219 7,151 8,123 9,694 11,070 Concessional 329 279 274 84 79 94 137 124 114 492 498 531 1,140 1,981 2,432 Private creditors 8,277 8.657 13.926 22,631 24,058 32,513 34,966 40,263 38,808 42,226 35,679 34,998 34,445 35,217 37,019 Bonds 839 743 5,459 7,250 7,736 9,774 9,728 9,527 9,117 9,824 11,514 11,661 11,620 33,974 35,627 Commercial banks 6,065 6,478 6,877 13,085 14,441 20,716 22,990 28,774 27.943 30,869 22,661 22.019 21,618 803 918 Other private 1,373 1,436 1,590 2,296 1,881 2,023 2,248 1,962 1,748 1,533 1,504 1,318 1,207 439 473 Privatenonguaranteed 6,593 12,166 11,227 10,393 10,340 4,575 4,341 1,853 1,800 1,800 1,800 1,800 2,244 6,369 11,265 Bonds 0 0 0 0 21 286 1,671 4,975 Commercial banks 4,341 1,853 1,800 1,800 1,779 1,514 573 1,144 Memo: IBRD 404 477 504 533 503 700 1,140 2,147 2,265 2,281 2,609 2,790 2,505 3,739 4,109 IDA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UseoflMFcredit 1 -1 1 1,172 1,098 2,312 2,741 3,852 3,677 3,099 3,084 2,483 2,313 3,519 4,211 Source: World Debt Tables and World Tables, World Bank, 1995. 1) Preliminary. Table 5.1: Federal Government Saving-Investment Account 1980-1994 (As percent of GDP) 11 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1S91 1992 1993 1994 Current Revenues 15.3 15.5 12.6 12.0 15.0 17.2 16.2 14.9 13.5 13.9 13.5 15.4 16.9 17.0 16.9 Tax Revenue 13.7 13.9 11.2 9.8 12.8 14.0 13.8 13.3 11.9 12.9 12.6 14.2 16.0 16.0 15.9 DGI and Custom Revenue 6.5 5.4 4.8 6.9 11.0 11.3 10.9 10.4 8.6 10.3 .. .. Social Security Revenue 7.2 8.5 6.4 2.9 1.7 2.7 3.0 2.9 3.3 2.6 .. .. Non-tax Revenue 1.6 1.6 1.5 2.2 2.2 3.3 2.3 1.6 1.6 1.0 0.9 1.2 0.9 1.0 1.0 Current Expenditures 15.7 17.7 15.5 17.5 16.3 18.8 17.5 17.4 16.3 15.8 14.9 15.8 16.7 15.9 16.8 Personnel 2.9 2.5 1.9 3.0 3.2 3.1 2.7 3.0 2.9 2.7 2.4 2.7 2.4 2.5 2.6 Goods and Services 1.7 1.5 1.8 1.8 1.3 1.6 1.5 1.6 1.4 1.3 0.9 0.9 1.0 1.2 0.9 Transfers 10.4 11.7 8.3 9.0 8.5 10.1 10.5 10.2 10.0 9.2 8.7 10.6 11.6 11.1 12.2 Provinces .. .. .. 4.7 3.9 4.6 5.0 4.9 4.9 4.8 3.9 5.1 5.6 5.3 5.3 Social Security .. .. .. 3.8 3.7 4.2 4.1 3.8 3.7 2.8 Others .. .. .. 0.5 0.8 1.3 1.4 1.6 1.3 1.6 4.8 5.5 6.0 5.8 6.9 Interest Payments 0.8 2.0 3.5 3.6 3.3 4.0 2.8 2.6 2.0 2.6 2.9 1.6 1.7 1.1 1.1 Domestic .. .. .. 0.6 0.5 0.5 0.2 0.4 0.3 0.2 0.3 0.3 Extemal .. .. .. 3.1 2.8 3.5 2.6 2.2 1.7 2.4 2.6 1.3 Public Enterprise Non-interest Savings 1.9 2.6 1.7 -0.1 0.4 0.7 1.5 1.4 0.7 0.7 0.9 0.3 0.2 0.3 0.0 Current Revenues 9.2 11.1 10.3 6.9 7.0 10.1 9.0 8.8 9.0 10.1 .. .. Current Non-interest Expenditures 7.3 8.5 8.6 6.9 6.6 9.4 7.5 7.3 8.3 9.4 .. .. Savings 1.5 0.4 -1.2 -5.5 -0.9 -0.8 0.1 -1.1 -2.0 -1.2 -0.5 -0.1 0.4 1.4 0.1 Capital Revenue 0.5 0.9 0.8 0.1 0.1 0.1 0.1 0.1 0.3 0.5 0.4 1.3 0.8 0.3 0.3 Capital Expenditures 1.8 5.8 5.5 4.2 3.0 3.2 3.9 4.6 3.0 2.3 1.4 1.0 0.8 0.6 0.4 General Government 1.8 2.3 2.1 1.8 1.1 1.1 1.2 1.3 1.1 0.8 .. .. Public Enterprises 0.0 3.5 3.4 2.4 1.9 2.1 2.7 3.3 2.0 1.5 .. .. Non-Financial Public Sector Balance 0.2 -4.5 -5.9 -9.6 -3.8 -3.9 -3.6 -5.6 -4.8 -3.0 -1.5 0.2 0.4 1.1 0.0 Quasi-fiscal Balance of Central Bank 0.0 0.0 0.0 -0.7 -1.7 -2.1 -1.2 -2.5 -1.0 -4.6 -0.8 -0.5 -0.2 0.1 0.1 Overall Balance 0.2 -4.5 -5.9 -10.3 -5.5 -6.0 -4.8 -8.2 -5.8 -7.6 -2.3 -0.3 0.2 1.2 0.1 Memo: Primary Surplus 1.0 -2.5 -2.3 -6.0 -0.5 0.1 -0.8 -3.0 -2.8 -0.4 1.4 1.8 2.1 2.2 1.1 Operation Prmary Surplus 0.5 -3.4 -3.2 -6.1 -0.6 0.0 -0.9 -3.1 -3.1 -0.9 1.0 0.5 1.3 1.9 0.8 Source: Ministry of Economy 11 From 1980 to 1989 accrual basis, and since 1990 cash basis. Table 5.2: Public Sector Expenditure by Function Million Pesos 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Total Expenditures 0.0012 0.0027 0.0070 0.0325 0.2374 1.7505 3.3387 8.32 36.75 1155.3 20,516 53,060 65,108 73,099 76,532 I. State Management 0.0002 0.0005 0.0011 0.0053 0.0334 0.2575 0.5220 1.31 5.76 160.51 3,211 9,486 12,505 14,778 14,921 1.1 General Administration 0.0001 0.0002 0.0003 0.0018 0.0131 0.1132 0.2257 0.59 2.54 72.97 1,585 4,604 6,252 7,476 7,389 1.2 Justice 0.0000 0.0000 0.0001 0.0003 0.0027 0.0210 0.0443 0.11 0.52 14.48 314 1,002 1,402 1,760 1,887 1.3 Defense and Security 0.0001 0.0003 0.0007 0.0032 0.0176 0.1232 0.2520 0.61 2.70 73.06 1,312 3,880 4,851 5,542 5,645 lI.Social Sector and Human Resources Expenditure 0.0006 0.0013 0.0027 0.0139 0.1093 0.8761 1.7330 4.32 17.56 497.38 11,451 31,927 40,334 46,064 51,450 11.1 Cufture, education, science and technology 0.0001 0.0003 0.0005 0,0031 0.0264 0.1858 0.3782 0.96 4.12 108.74 2,290 5,975 7,673 9,248 10,862 11.2 Health 0.0002 0.0004 0.0009 0.0042 0.0317 0.2378 0.4659 1.12 5.03 136.58 3,041 8,015 10,210 11,910 13,223 11.3 Housing 0.0000 0.0000 0.0001 0.0008 0.0051 0.0349 0.0756 0.20 0.70 17.32 461 1,021 1,043 1,113 1,247 11.4 Social Welfare 0.0000 0.0000 0.0001 0.0005 0.0043 0.0418 0.0786 0.20 0.79 29.03 382 970 1,219 1,565 1,655 11.5 Social Security 0.0002 0.0005 0.0009 0.0043 0.0348 0.3134 0.5900 1.51 5.76 171.23 4,490 13,335 16,953 17,923 19,772 11.6 Labor 0.0000 0.0000 0.0001 0.0006 0.0035 0.0275 0.0722 0.14 0.40 12.75 256 1,137 1,322 1,997 2,310 11.7 Other urban services 0.0000 0.0001 0.0001 0.0005 0.0035 0.0349 0.0726 0.19 0.76 21.73 531 1,474 1,914 2,308 2,381 111. Infrastucture and Services Expenditures 0.0003 0.0006 0.0017 0.0085 0.0573 0.3990 0.6771 1.69 8.08 206.86 3,008 6,001 6,483 8,074 5,614 111.1 Primary Production 0.0000 0.0000 0.0001 0.0004 0.0032 0.0218 0.0459 0.10 0.42 10.96 174 457 540 718 668 111.2 Energy and Fuel 0.0001 0.0002 0.0008 0.0036 0.0230 0.1479 0.2367 0.68 2.79 84.55 1,194 2,562 2,932 3,601 1,757 111.3 Industry 0.0000 0.0000 0.0001 0.0007 0.0032 0.0237 0.0354 0.07 0.31 8.73 117 306 270 432 235 111.4 Service Sector 0.0001 0.0002 0.0005 0.0028 0.0204 0.1304 0.2296 0.59 3.28 60.66 718 1,541 1,902 2,517 2,315 111.5 Others 0.0000 0.0001 0.0002 0.0011 0.0075 0.0491 0.0801 0.13 0.66 18.76 305 872 839 806 639 111.6 BOCON Suppliers 0.0000 0.0000 0.0000 0.0000 0.0000 0.0261 0.0494 0.12 0.62 23.2 500 263 0 0 0 IV. Public Debt 0.0001 0.0004 0.0015 0.0047 0.0375 0.2178 0.4067 1.00 5.35 290.59 2,846 5,646 5,786 4,183 4,547 Source: Ministry of Economy Table 5.3: Public Sector Expenditure by Function Percentage of GDP 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Total Expenditures 32.1 36.1 32.2 29.7 30.0 33.0 33.4 35.7 33.1 35.6 29.8 29.3 28.7 28.4 27.2 I. State Management 6.0 6.1 5.1 4.8 4.2 4.9 5.2 5.6 5.2 4.9 4.7 5.2 5.5 5.7 5.3 1.1 General Administration 2.1 2.1 1.5 1.6 1.7 2.1 2.3 2.5 2.3 2.2 2.3 2.5 2.8 2.9 2.6 1.2 Justice 0.4 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.4 0.5 0.6 0.6 0.7 0.7 1.3 Defense and Security 3.6 3.6 3.3 2.9 2.2 2.3 2.5 2.6 2.4 2.3 1.9 2.1 2.1 2.2 2.0 II.Social Sector and Human Resources Expenditure 16.0 17.1 12.4 12.7 13.8 16.5 17.4 18.5 15.8 15.3 16.6 17.6 17.8 17.9 18.3 11.1 Culture, education, science and technology 3.3 3.4 2.5 2.8 3.3 3.5 3.8 4.1 3.7 3.4 3.3 3.3 3.4 3.6 3.9 11.2 Health 4.0 5.2 4.0 3.8 4.0 4.5 4.7 4.8 4.5 4.2 4.4 4.4 4.5 4.6 4.7 11.3 Housing 0.9 0.5 0.5 0.8 0.6 0.7 0.8 0.9 0.6 0.5 0.7 0.6 0.5 0.4 0.4 11.4 Social Welfare 0.5 0.6 0.4 0.4 0.5 0.8 0.8 0.9 0.7 0.9 0.6 0.5 0.5 0.6 0.6 11.5 Social Security 5.7 6.1 4.2 3.9 4.4 5.9 5.9 6.5 5.2 5.3 6.5 7.4 7.5 7.0 7.0 11.6 Labor 0.9 0.6 0.4 0.5 0.4 0.5 0.7 0.6 0.4 0.4 0.4 0.6 0.6 0.8 0.8 11.7 Other urban services 0.7 0.7 0.4 0.5 0.4 0.7 0.7 0.8 0.7 0.7 0.8 0.8 0.8 0.9 0.8 Ill. Infrastucture and Services Expenditures 7.6 7.5 7.7 7.8 7.2 7.5 6.8 7.2 7.3 6.4 4.4 3.3 2.9 3.1 2.0 111.1 Primary Production 0.6 0.4 0.3 0.3 0.4 0.4 0.5 0.4 0.4 0.3 0.3 0.3 0.2 0.3 0.2 111.2 Energy and Fuel 2.7 3.3 3.7 3.3 2.9 2.8 2.4 2.9 2.5 2.6 1.7 1.4 1.3 1.4 0.6 111.3 Industry 0.5 0.4 0.5 0.6 0.4 0.4 0.4 0.3 0.3 0.3 0.2 0.2 0.1 0.2 0.1 111.4 Service Sector 3.1 2.6 2.5 2.5 2.6 2.5 2.3 2.5 3.0 1.9 1.0 0.9 0.8 1.0 0.8 111.5 Others 0.7 0.7 0.7 1.0 1.0 0.9 0.8 0.6 0.6 0.6 0.4 0.5 0.4 0.3 0.2 111.6 BOCON Suppliers 0.0 0.0 0.0 0.0 0.0 0.5 0.5 0.5 0.6 0.7 0.7 0.1 0.0 0.0 0.0 IV. Public Debt 2.5 5.4 7.0 4.3 4.7 4.1 4.1 4.3 4.8 9.0 4.1 3.1 2.6 1.6 1.6 Source: Ministry of Economy Table 5.4: Efficient taxes and Distortive Taxes, 1980-1994 (In thousand of pesos) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Treasury 0.4 0.8 2.1 9.3 63.0 594.7 1,108.2 2,368.2 10,595.3 341,273.6 6,023,806.8 18,234,515.6 26,380,616.4 30,058,396.5 32,642,458.4 Efficient taxes 0.3 0.7 1.8 7.6 50.8 415.4 831.8 1,997.5 7,996.5 209,240.9 4,438,594.4 13,892,964.2 23,887,602.8 28,538,734.7 31,234,241.9 Value Added 0.1 0.3 0.7 2.5 15.3 127.3 245.6 574.0 2,076.9 53,202.3 1,592,104.5 6,150,531.0 13,190,308.2 16,407,196.7 17,518,213.2 Profit 0.0 0.1 0.2 0.9 4.0 46.2 102.8 303.3 1,410.5 53,526.7 379,072.5 1,139,657.2 2,628,996.1 4,455,957.7 6,027,166.6 Capital 0.0 0.0 0.2 0.6 2.8 24.9 45.9 105.0 477.6 10,380.9 213,659.0 54,269.4 0.0 0.0 0.0 Assets 2/ 0.0 0.0 0.0 0.0 0.1 2.1 1.1 4.9 111.1 10,705.3 227,443.5 1,013,028.6 883,886.6 618,167.5 591,450.9 Import 0.0 0.1 0.1 0.6 3.3 30.8 82.9 238.0 777.4 12,651.8 165,413.5 596,963.3 1,427,816.9 1,313,606.0 1,577,202.5 Fuel & Fuel Fund 0.0 0.1 0.4 1.9 18.4 129.4 239.6 424.6 2,065.8 41,199.4 1,144,109.7 2,514,481.8 2,606,332.4 2,163,586.4 2,084,160.4 Tax arrears payments .. .. 0.0 0.2 1.1 1.6 0.0 74.7 55.5 2,270.8 137,844.5 596,963.3 883,886.6 1,236,335.1 957,587.2 Excise 0.0 0.1 0.2 0.9 5.7 53.1 113.8 273.0 1,021.8 25,303.6 578,947.1 1,827,069.5 2,266,376.0 2,343,885.2 2,478,461.0 Distortivetaxes 0.1 0.1 0.2 1.7 12.3 179.3 276.5 370.8 2,598.9 132,032.6 1,585,212.3 4,341,551.3. 2,493,013.6 1,519,661.9 1,408,216.5 Bank debit 1/ 0.0 0.0 0.0 0.1 1.5 17.0 40.9 74.7 799.6 21,410.7 206,766.8 1,609,991.9 657,249.0 0.0 0.0 Various trade taxes 0.0 0.0 0.1 1.0 7.0 95.5 108.8 126.0 444.2 72,666.6 861,528.4 958,759.3 725,240.3 1,210,578.1 1,267,394.8 Forced savings .. .. .. .. .. 28.1 40.9 2.3 610.8 4,217.3 75,814.5 578,873.5 113,318.8 25,757.0 0.0 Foreign exchange 0.0 0.0 0.0 0.1 0.6 5.3 9.0 21.0 122.2 6,812.5 6,892.2 108,538.8 0.0 0.0 0.0 Stamp 0.0 0.0 0.0 0.2 0.8 7.4 20.0 35.0 122.2 3,244.0 82,706.7 253,257.2 407,947.7 154,541.9 112,657.3 Other N.E.I. 0.0 0.0 0.1 0.4 2.4 26.0 56.8 111.8 499.8 23,681.5 351,503.6 832,130.7 589,257.8 128,784.9 28,164.3 Social Security System 0.2 0.1 0.3 1.7 18.4 201.1 390.4 886.6 3,576.2 88,886.8 2,494,986.3 7,308,278.1 10,742,622.1 12,852,733.4 13,547,042.7 Total tax revenue 0.6 0.9 2.4 11.0 81.5 795.8 1,498.6 3,254.9 14,171.5 430,160.4 8,518,793.1 25,542,793.6 37,123,238.5 42,911,129.9 46,189,501.1 Source: Ministry of Economy I/ Bank debit In 1991 is no longer considered in the distortive tax group; credit for VAT and Income Tax. 2/ Includes net wealth and other property taxes. Table 5.5: Efficient taxes and Distortive Taxes, 1980-1994 (As percent of GDP) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Treasury 9.91 10.57 9.39 849 7.97 11.21 11.10 10.15 9.54 10.52 8.74 10.08 11.64 11.67 11.59 Efficient taxes 8.32 9.65 8.29 6.92 6.42 7.83 8.33 8.56 7.20 6.45 6.44 7.68 10.54 11.08 11.09 Value Added 3.18 377 3.03 2.28 1.93 2.40 2.46 2.46 1.87 1.64 2.31 3.40 5.82 6.37 6.22 Profit 1.16 1.24 0.95 0.80 0.51 0.87 1.03 1.30 1.27 1.65 0.55 0.63 1.16 1.73 2.14 Capital 0.57 0.57 0.69 0.56 0.36 0.47 0.46 0.45 0.43 0.32 0.31 0.03 0.00 0.00 0.00 Assets 21 0.04 0.01 0.11 0.01 0.01 0.04 0.01 0.02 0.10 0.33 0.33 0.56 0.39 0.24 0.21 Import 0.97 1.04 0.66 0.52 0.42 0.58 0.83 1.02 0.70 0.39 0.24 0.33 0.63 0.51 0.56 Fuel & Fuel Fund 1.24 1.79 1.77 1.77 2.33 2.44 2.40 1.82 1.86 1.27 1.66 1.39 1.15 0.84 0.74 Tax arrears payments .. .. 0.01 0.14 0.14 0.03 0.00 0.32 0.05 0.07 0.20 0.33 0.39 0.48 0.34 Excise 1.16 1.23 1.07 0.84 0.72 1.00 1.14 1.17 0.92 0.78 0.84 1.01 1.00 0.91 0.88 Distortive taxes 1.59 0.92 1.10 1.57 1.55 3.38 2.77 1.59 2.34 4.07 2.30 2.40 1.10 0.59 0.50 Bank debit 1/ 0.00 0.00 0.00 0.06 0.19 0.32 0.41 0.32 0.72 0.66 0.30 0.89 0.29 0.00 0.00 Various trade taxes 0.49 0.19 0.41 0.94 0.89 1.80 1.09 0.54 0.40 2.24 1.25 0.53 0.32 0.47 0.45 Forced savings .. .. .. .. .. 0.53 0.41 0.01 0.55 0.13 0.11 0.32 0.05 0.01 0.00 Foreign exchange 0.10 0.13 0.10 0.09 0.07 0.10 0.09 0.09 0.11 0.21 0.01 0.06 0.00 0.00 0.00 Stamp 0.30 0.25 0.20 0.14 0.10 0.14 0.20 0.15 0.11 0.10 0.12 0.14 0.18 0.06 0.04 Other N. E. I. 0.70 0.35 0.39 0.34 0.30 0.49 0.57 0.48 0.45 0.73 0.51 0.46 0.26 0.05 0.01 Social Security System 4.55 1.95 1.52 1.52 2.33 3.79 3.91 3.80 3.22 2.74 3.62 4.04 4.74 4.99 4.81 Total Tax Revenue 14.46 12.52 10.91 10.01 10.30 15.00 15.01 13.95 12.76 13.26 12.36 14.12 16.38 16.66 16.40 Source: Ministry of Economy 1/ Bank debit in 1991 is no longer considered in the distortive tax group; credit for VAT and Income Tax. 2/ Includes net wealth and other property taxes. Table 6.1: Monetary System Balance - End of Period Million Pesos 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 199411 A. Monetary Resources Creation Factors 0.01055 0.00060 000217 0.01149 0.22958 1.00826 2.10735 580431 3459980 2,02158 12,049 25,771 35,627 51,706 54,979 I. Foreign Sector -000089 -000073 -0 00349 -0.01837 -0 11396 -054064 -079777 -285216 -9.51970 -672.34 (6,345) (4,730) 2,698 7,746 3,784 11 Gold and Currency (net) -0.00019 -0.00049 -0.00269 -001005 -0.08931 -0.51548 -0.78499 -2.72202 -8.20240 -714.53 (1,034) 1.2 Exchange Operations -0.00073 -0.00026 -0 00074 -000794 -0.01089 0.08426 0.20259 0.39918 1 01470 87.18 (3,528) 1.3PaymentstolntematonalOrganizations 0.00004 000002 0.00007 0.00127 0.00301 0.02503 005074 010141 039320 1441 521 14Liabilries with International Organizations -000002 -000001 -0.00014 -0.00165 -001677 -013445 -026612 4063074 -272520 -39.41 (2,305) II. Official Sector 000292 0.00027 000118 0.00839 0.14388 0.65084 1.25560 3.77455 21.87150 1,414 54 7,825 21,546 20,276 24,626 24,383 11.1 Nabonal Govemment 000186 0.00000 000000 0.00000 0.04992 016702 0.23454 049567 408400 24074 1,786 5,107 4,627 5,284 6,253 112 Other GovemmentAgencies 000080 0.00000 0.00000 000000 000450 0.03742 0.10724 0.31047 1.38080 36.10 713 113MonetaryRegulation 0.00012 0.00005 000008 000293 0.04238 0.22826 0.54887 1.77760 10.66050 258.13 330 11.41nForeignCurrency 0.00014 000017 000090 0.00458 0.04022 0.17645 0.27209 0.83866 3.31360 708.99 1,536 11,620 13,390 16,483 16,968 ll.5AccruedResourcesagainstLoans 000000 000005 0.00020 0.00089 0.00686 0.04168 009285 035216 243260 170.58 3,459 4,818 2,260 2,858 1,162 III. Private Sector 0.00834 0 00102 0 00386 0.01984 0.19021 0.89806 1 64953 4 88192 22 24800 1,279 38 10,570 26,258 35,005 42,711 50,721 111.1 Loans 000831 000059 0.00253 0.01124 012039 065458 122652 347454 14.17400 917.54 6,881 18,171 29,284 38,392 46,098 111.1 1 InGeneral 000634 0.00000 0.00000 000000 004436 0.31520 0.71035 1.56091 4.99380 22088 2,087 8,973 13,796 17,447 19,652 111.1 2 Housing 0.00079 0.00000 000000 0.00000 0.00635 006896 0.17876 054379 2.90820 79.52 1,488 .. Ill 1.31n Foreign Currency 0.00119 000059 0.00253 0.01124 0.06969 0.27042 0.33741 136985 627200 617.14 3,308 9,198 15,488 20,945 26,447 1112 Investments in private stocks 0.00003 0.00001 000001 0.00007 0.00086 0.00485 0.00687 0.01655 0.21800 17.94 204 712 1,412 1.037 1,391 111.3AccruedResourcesagainstLoans 000000 000042 000132 0.00854 0.06896 0.23863 041613 1 39082 7.856W 34390 3,485 7.375 4,308 3,282 3,231 IV Creditto Financial Institutions 0.00017 0.00005 000061 0.00162 0.00945 0.00000 0.00000 0.00000 0.00000 0.00 0 (17,303) (22,351) (23,376) (23,909) H MonetaryResourcesDistribubon 000895 0.00185 0.00443 002157 0.13363 114339 221168 5.58013 29.36390 1,152.60 8,541 22,303 35,647 51,987 55.512 V. Pnvate Monetary Resources 000840 000172 0.00423 0.02063 014141 085714 176289 4.76557 25.56340 816.63 7,159 17,728 28,656 42,089 47,703 V 1 Monetary Circulation 0.00274 0.00046 0 00149 0 00700 0.04348 0.30143 0.55875 1.25673 5.50360 231.06 2,702 7,161 10,489 13,476 13,202 V.1.1 Currency 0.00164 000030 000087 0.00463 0.03134 0.20223 0.39896 0.92615 431860 182.23 2,258 5,219 7.682 10,061 9,119 V.1.2SightDeposits 000109 0.00016 0.00061 0.00236 0.01214 009920 015979 0.33058 1.18500 48.82 444 1,942 2,807 3,415 4,062 V2SavingandTimeDeposits 0.00528 0.00114 0.00235 001236 0.07587 0.46101 1.06415 2.91107 17.13550 4322 2,652 10,084 17,331 27,659 33,195 V.3Otrosdeposibos 0.00038 000012 000040 0.00127 0.02206 009470 0.13998 059777 2.92430 54235 1,805 484 835 955 1,306 VI OfficialDeposits 0.00142 0.00000 000W00 0.00000 0.01867 0.26247 0.39878 0.65245 3.36470 137.82 1,267 4,388 6,848 9,729 7,612 VIl1 NationalGovernment 000006 000000 000000 0.00000 0.00867 018993 021286 034520 141180 81.30 626 Vl.2 Other Official Deposits 0 00136 0.00000 0 00000 0 00000 0.01000 0.07254 018592 0 30724 1.95290 56.52 641 VII.Mortgage Liabilrties 0.00027 0 00003 0.00003 0.00000 0.00000 0.00000 0.00000 0 00000 0 W0000 0.00 0 VIII.AccruedResourcesagainstDeposrts 0W0000 0.00005 0.00032 000250 0.02877 0.02377 0.05001 0.16212 0.79730 2459 115 187 143 169 197 IX. Net Patrimony 0 00160 0.00052 0.00218 0.01069 0.09344 0.35970 0 68399 2 45360 95 73800 903.75 XOtherAccounts -0.00114 0.WW005 -0.00015 -0.00156 -0.05522 0.00W00 000000 0.W0000 -036150 173.56 Source: Central Bank of the Republic of Argentina II Corresponds to November 1994. Table 6.2: Central Bank Balance Million Pesos at the end of period 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 11 A. Monetary Base Determinants 0.00273 0.00079 0.00575 0.02793 0.20851 0.30091 0.60490 1.69212 40.72010 1,570.59 17,316.89 29,138 57,949 45,597 44,829 I. Foreign Sector 0.00019 -0.00011 -0.00047 -0.00296 0.01345 -0.08689 -0.10637 -0.36089 1.26680 143.87 -3,651.63 362 8,657 11,633 9,85.4 1.1 Gold and Foreign Currency (net) 0.00089 0.00013 0.00032 0.00536 0.01633 -0.06174 -0.09359 -0.23074 2.58410 101.68 1,659.48 4,387 11,056 15,089 14,100 1.2 Exchange Rate Operations -0.00073 .0.00026 -0.00074 -0.00794 0.01089 0.08426 0.20259 0.39918 1.01470 67.18 -3,527.62 (1,457) 1.3 Payments tolIntemational OrganiZ2tions 0.000D4 0.00002 0.00007 0.00127 0.00301 0.02503 0.05074 0.10141 0.39320 14.41 521.36 946 1,074 1,246 1,268 1.4 Liabilities wilt International Organizations -0.00002 -0.00001 -0.00014 -0.00165 -0.01677 -0.13445 -0.26612 -0.63074 -2.72520 -39.41 -2,304.85 (3,494) (3,472) (4,702) (5,513) II. Official Sector 0.00124 0U00048 0.00143 0.01666 0.08420 0.36633 0.68,459 1.97110 15.95870 472.76 7,483.80 10,848 25,878 11,433 12,828 11.1 National Government 0.00112 0.00042 0.00133 0.01370 0.04136 0.13689 0.13566 0.13450 0.18690 49.45 503.47 3,618 2,466 3,251 3,682 11.1.1 Loans 0.00060 0.00008 0.00003 0.00071 0.00241 0.00000 0.00000 0.003000 0.00000 0.00 345.65 810 11.1.1.1 In Advance 0.00057 0.00008 0.0003 0.00071 0.00241 0.0000 0.~000 0.00000 0.0000 0.00 345.65 810 11.1.1.2 Others 0.00002 . .. .. .. .. 11.1.2 Public Bonds 0.00053 0.00034 0.00131 0.01299 0.03896 0.13689 0.13566 0.13450 0.18690 49.45 157.82 2,809 2,466 3,251 3,682 11.1.2.1 Articulo51C.O. 0.00043 0.00033 0.00130 0.01298 0.03895 0.13688 0.13565 0.13449 0. 18690 49.45 157.82 1.927 1,585 2,040 2,205 11.1.2.2 Others 0.00010 0.00001 0.00001 0.00001 0.00001 0.00001 0.00001 0.00001 0.00000 0.00 0.00 661 661 1,211 1,417 11.2 Other Official.. ....... 11.3 Accrued resources against credits 0.00000 0.00001 0.00002 0.00004 0.00045 0.00117 0.00006 0.05900 0.71470 123.34 0.02 65 11.4 Monetary Regulation 0.00012 0.00005 0.00008 0.00293 0.04238 0.22826 0.54887 1.77760 10.66050 256.13 330.88 ll.S Funds applied beforel15.2.85 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.10490 11.6 External Financing tDothe Government 0.000300 0.00000 0.003000 0.0000D 0.00000 0.00000 0.00000 0.00000 2.31460 0.23 3,901.63 0 11.7 External Fin. to the Gov. in Foreign Currency 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 1.97710 41.61 2,747.80 7,165 23,412 8,182 6.946 Ill. Credits to Financial Instittons 0.00118 0.00042 0.00478 0.01394 0.09503 0.00000 0.001000 0.00000 22.8820D 939.41 13,484.72 17.928 23,413 22,532 22,347 Ill. 1 Bankssand Saving Institutions 0.00101 0.00037 0.00417 0.01231 0.08557 . .. 111.2 Other Financial Institutins 0.00017 0.00005 0.00062 0.00163 0.00946 IV. Other asset accounts 0.00012 0.00000 0.00001 0.00029 0.01 562 0.02147 0.02668 0.081 91 0.61260 14.55 B. Absorlion Factors 0.00037 0.00028 0.00129 0.00744 0.28628 0.57647 1.83359 5.14593 35.35870 1.103.82 666.71 1,464 2.128 1,338 503 V. Deposits 0.00004 0.00000 0.00014 0.00078 0.00056 0.02578 0.00588 0.06988 0.12500 10.42 146.00 1,464 2,128 1.338 503 V.1 Officials 0.00DDO 0.00000 0.00014 0.00075 0.00045 0.02527 0.00489 0.01579 0.09120 7.25 146.95 1,459 2,122 1,326 490 V. 1.1 National Government 0.00000 0.00000 0.00014 0.00075 0.00045 0.02492 0.00390 0.01197 0.07850 7.24 129.95 1,092 1,372 1,321 488 V. 1.2 Others 0.00000 0.00000 0.00000 0.00000 0.003000 0.00035 0.00099 0.00383 0.01270 0.02 17.00 368 750 5 2 V.2 Others 0.00003 0.00000 0.003000 0.00001 0.00013 0.00050 0.00099 0.05409 0.03380 3.17 1.05 5 6 12 13 VI. Other liabilities in local currency 0.00000 0.00000 0.00000 0.00000 0.20722 0.010632 0.06342 0.01 336 0.04440 7.92 4.05 641 VIA1 Liabilities with financial institutions 0.00000 0.00000 0.00000 0.00000 0.00162 0.003613 0.01152 0.01334 0.04440 7.92 4.05 V.2 Liabilities with the gov. (BONACEF) 0.00000 0.00000 0.00000 0.00000 0.20560 0.00020 0.05190 0.00D01 VIl. Other Accounts 0.00033 0.00027 0.00115 0.00668 0.07847 0.54437 1.76430 5.06269 35.18930 1,085.46 714.66 19,608 28,954 29,270 39,363 VIl. 1 Net Patrimony 0.00002 0.00004 0.00015 0.00015 0.01830 0.01522 0.04427 0.72579 3.50060 370.82 714.66 VII.2 Other Accounts 0.00031 0.00023 0.00100 0.00653 0.06017 0.52915 1.72003 4.33690 31.68850 714.66 C. Monetary Base 0.00236 0.00051 0.00433 0.01976 0.10585 0.51539 0.69430 1.35190 6.99970 368.76 3,617.13 7,823 11,010 14,969 14,962 ViII. Monetary Currency 0.010205 0.00040 0.00116 0.00661 0.04708 0.29884 0.52460 1.19403 5.71950 263.90 3,037.02 6,895 9,648 12,173 11.274 VIII.1 Out of the monetary system 000164 0.00030 0.00087 0.003463 0.03134 0.20223 0.39896 0.92615 4.31850 182.23 2,257.84 5,219 7,682 10,061 9,119 VIII.2 Banks 0.00041 0.00009 0.00029 0.00198 0.01574 0.09661 0.12564 0.26788 1.4009 81.66 779.19 1,677 1,966 2,112 2,155 IX. Financial Institutions Deposits 0.00031 0.00012 0.00317 0 01315 0.05877 0.21655 0.16970 0.15787 1.28020 104.86 560.11 927 1,363 2,816 3,6888 IX.1 Banks 0.00030 0.0001 1 0.00304 0.01265 0.057`13 0.21501 0.18846 0.15658 1.27550 104.85 577.08 IX.2 Others 0.00D01 0.00001 0.00014 0.00050 0.00164 0.00154 0.00123 0.00129 0.00470 0 01 3.03 Source: Central Bank of the Republic of Argentina IlICorresponds to November 1994. Table 6.3 - Private Sector Holdings of Donmstic Financial Assets, Quarterly 19-1itl4 (Thousand Pesos; stocks at the end of each quarter) Money(MI) Quasi-Money M2 1/ Total Currency Demnd Total Savings Time Deposits Accounts Deposits 19801 0.16 0.08 0.07 0.36 0.03 032 051 11 0.19 010 009 0.39 004 034 057 III 0.20 0 11 0.09 0.48 0.05 0.43 0 68 IV 0.27 016 011 0.53 006 047 080 19811 0.22 013 008 060 006 0.53 082 11 0.26 0.16 0 10 0.70 0.07 0.63 0 96 III 0.29 0.17 012 0.96 009 086 1.25 IV 0.46 0.30 016 1.14 012 1.02 1.60 19821 0.43 0.26 018 1.48 0.15 1.33 192 11 0.64 0.39 025 1.71 0.22 1.49 236 III 0.88 0.48 0.40 1.83 0 24 1 59 2.71 IV 1.49 0.87 0 61 2 35 0.30 2.05 3.83 1983 1 1 66 0 98 0.67 3 62 0 41. 3.21 5.28 it 251 1.40 1.11 499 0.83 4.15 7.49 8II 3.39 1.99 1.40 7.23 1.45 5 77 10.62 IV 7.00 4.63 2.36 12.36 3.08 9 28 19.36 19841 10.38 6.57 382 20.57 5 28 15.28 30.95 if 17.08 1092 616 29.23 767 21.57 4631 III 23.27 14.80 8.47 47.40 13.01 34 38 70.66 IV 43.48 31.34 12.14 75.87 2402 5185 11935 19851 62.57 43.39 19.18 133.79 5024 8356 19636 11 147.06 98.02 4904 307.42 108.78 19864 454.49 III 20763 127.25 80.38 394.17 12821 265.96 601.80 IV 30143 202.23 99.20 461.01 147.67 313.35 762.45 19861 302.98 186.14 11684 573.78 160.65 413.13 876.76 11 374.74 238.74 136.01 673.17 190.43 482.74 1,047.91 III 38658 253.34 133.24 822.12 21642 60571 1,208.70 IV 558.75 398.96 159.79 1,064.15 256.23 807.92 1,622.90 19871 717.40 37820 339.20 1,482.90 288.40 1,19450 2,2D0.30 11 837.50 438 60 398.90 1,775.40 321.20 1,454.20 2,612.90 III 916.10 483.40 432.70 2,292 40 429.80 1,862.60 3,208.50 IV 1,398.00 768.30 629.70 3,045.30 542.30 2,503.00 4.443.30 19881 1,552.70 851.80 700.90 4,602.40 631.30 3,971.10 6,155.10 11 2,297.90 1.162 70 1,134.30 7,145.30 865.80 6,279.50 9,442.30 III 3,788.50 1,946 10 1,842.40 12,99390 1,444.60 11,549.30 16,782.40 IV 5,738.30 3,391 30 2,347.00 18,270.40 2,012.30 16,258.10 24,W8 70 19891 7,509.50 4.32270 3,186.80 26,853.50 2,598.00 24,255.50 34.363W0 II 25,603.90 12,355.30 13,248.60 86,373.30 6,273.80 80,099.50 111,977 20 Ill 126,970 90 66,404 60 60,566.30 338,945.40 31,389.30 307,556.10 465.916 30 IV 290,331.40 143.349 10 146,982.30 406.671.70 43,306.90 363,365.70 697,903 10 19901 689,927.00 309,329.60 380.597.40 393,963 10 363.108.70 30,854.40 1,083,890.10 11 1,549,908 90 763,930 10 785.978 80 1,190,948 20 751,076.60 349,871.60 2,650,857 10 ill 1,944,188.80 1,128,139.20 816,049.60 1,841,610.40 990,274.60 851,335.80 3,785,79920 IV 2,864,216.30 1,806,173.50 1,058.042.80 2,738.049.30 1,350.443.90 1.387,605.40 5,602,26560 19911 3,575.000.00 2,223,000.00 1,352,0W000 3.536,000.00 1,707.000.90 1.829,000.DO 7,111.000.00 11 5.291,00090 3.190.000.00 2,101.000.90 3.880,.000.90 1,584.090.00 2.296,900.90 9,171,000.00 Ill 6,088,000.00 3.756.000.00 2,332,000.90 4.300,000.00 1,605.000.00 2,695,900.90 10,388.000.00 Nv 7,860.000.00 4.724.000.00 3,136,000.00 4,817,000.00 1,775.000.00 3.042,000.00 12,677.00000 1992 1 8,533,000.00 4,986,000.00 3,547.090.00 5,830,W000.D 2,256.000.00 3.574.000.00 14,363.000.00 11 9,830,000.00 5,475.000.00 4.355,000.00 7.533.000 00 2,542,000.00 4.991,000.00 17.363,000.0 Ill 10,626,000.00 5.850,00000 4,776,000.00 8,620.000.0Q 2,745,090.00 5.875.000.00 19,246,000.00 IV 11,667,000.00 6,757.00000 4,910,900.00 8,903.000.00 2,683.090.00 6,22000000 20,570,000.00 19931 11,992,582.90 6.997,467.00 4,995.115W0 11,112,74100 3,639,D47.0 7,473,694.00 23,105,323.90 11 13,051,455.00 7,579,63200 5,471.823.9 11,599,129.00 3,998,803.00 7,600.326.00 24,650.58400 Ill 14,215,197.00 8,453,477.00 5,761.720.00 13,050.36400 4,387,964.00 8,662,400.00 27,265,561.00 IV 15,320,048.00 9,105,920.00 6,214.128.00 13,555,942.90 4,653.32800 8.902.614.00 28,875,990.00 19941 16,029,145.00 9.387.670.00 6,641.475.00 14,537,050.00 5,114,43390 9.422,617.D0 30,566,19500 11 16.260,067 00 9.303.143.0 6,956.924.00 14,192,648.00 5,165.295.00 9,027,353.00 30,452.715.00 Ill 16.279,204.00 9,748,5600 6,531,148.00 15,291,565.00 5,314.003.00 9,977,562.00 31,570,769.00 tV 17,384.411.00 10,390,921 0 6,993.490.90 14.864,544.00 5.242408.00 9.622,136.00 32.248.95590 So.rce Central Bart of the Repib±ic of Argentna (BCRA) 1/ Mi pkis quasi-money. Table 6.4: Interest Rates, 1980-1994 (Quarterly Average of Monthly Rates, Percent) Year Deposit Rate a/ Lending Rate bi Spread Nominal Real c/ Nominal Real cl 1980-i 5.3 1.2 6.0 1.9 0.7 11 4.8 -0.7 5.5 0.0 0.7 iII 51 1.4 8.2 25 1.1 IV 48 27 5.6 35 0.8 1981-i 68 2.6 8.8 48 20 11 8.5 -4.5 9.8 -3.2 1 3 iII 99 0.2 117 2.0 18 IV 7 1 -2 1 8 5 -0.7 1 4 1982-1 7.1 -1 0 84 0.3 1 3 11 7.2 -2 9 8 5 -1 6 1 3 III 5.7 -153 66 -144 0.9 IV 8.0 -33 85 -28 0.5 1983-1 10.2 -2.7 11.0 -1.9 0.8 11 9.8 -0.6 10.8 0.4 1.0 iII 120 -5.9 13.0 -4.9 1.0 IV 14 5 -2.7 15.5 -1.7 1 0 1984-1 10.5 -4.7 11.5 3 7 1.0 11 13.0 -5.4 14.0 -4.4 1.0 III 15.5 -5.2 17.0 -3.7 1 5 IV 17.0 -0.7 190 1.3 20 1985-1 18.5 -37 205 -1.7 20 11 23.3 -11.7 25 3 -9.7 20 iII 3.5 3.1 5.0 46 15 IV 31 23 45 37 14 1988-1 31 2.4 4.5 38 1.4 11 3.2 -0.3 4.6 1.1 1.4 III 4 4 -2.7 5.9 -1 2 1.5 Iv 53 0.9 6.8 23 1.5 1987-1 48 -0.7 5.9 0.4 1.1 11 51 -1.4 8.1 -0.6 1.0 iII 9.4 -9.1 10.9 -7.8 1.5 IV 10.7 4.3 12 1 5.6 1 4 1988-1 14.1 -1.2 16.1 0.5 2.0 11 17.7 -52 197 -36 20 III 141 04 16.8 27 27 IV 106 48 132 73 26 1989-i 17 5 -7.3 19.9 -5.4 2.4 11 95.8 -20.2 88.1 -23 0 -7.7 iII 154 10.8 23.5 18.6 8.1 IV 17.9 -125 195 -11.3 1 6 1990-l 38.2 -8.5 70.2 12.7 32.0 11 11.4 4.5 209 134 95 iII 124 27 200 9.7 76 IV s0 4.2 148 10.6 68 1991-i 14.2 2.1 21.2 8 4 7.0 11 15 0.6 5.1 41 36 III 15 1.2 51 49 3.6 IV 1i0 1.5 28 3.4 1.8 1992.1 1.0 03 27 2.0 1 7 11 0.9 0.3 25 1.9 1 8 iII 0.9 04 22 1.7 1 3 Iv 13 1.9 20 26 07 1993-i 1 2 0.8 2.0 1 6 0.8 {l 08 0.8 17 16 0.9 iII 0.8 0.7 1.6 1.5 0.8 IV 0.7 1 8 1 6 1.5 0 9 1994-i 0.6 0 8 1 6 1.6 1 0 11 0.6 -0.2 17 08 11 iI 07 0.3 1.7 13 1.0 IV 0.7 -0.3 1.9 0.9 1.2 Source: CEPAL and BCRA a) Until second quarter 1982, weighted average of rate offered by banks on 30 day deposits; from third quarter 1982 through third quarter 1987, regulated rates; from fourth quarter 1987, average of deposit rates between enterprises wlth Government dollar bond (BONEX) quarantee. bi Until second quarter 1982, average of rates charged by banks to primary cilents; from third quarter 1982 through third quarter 1987, regulated rates; from fourth quarter 1987, average of lending rates with Government dollar bond (BONEX) quarantee. cl Deflated by next period WPI. Table 7.1: Principal Crops, Area Planted, 1980-1994 a/ (Thousand Hectares) 1980/ 1981/ 1982/ 19831 19841 19851 1986/ 19871 1988/ 19891 19901 19911 1992/ 1993/ 1994/ 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 Principal Cereal Crops Wheat 6,196 6,566 7,410 7,200 6,000 5,700 5,000 4,850 4,750 5,500 6,178 4,750 4,547 4,869 5,116 Com 4,000 3,695 3,440 3,484 3,620 3,820 3,650 2,825 2,685 2,070 2,160 2,686 2,962 2,747 2,832 Grain sorghum 2,400 2,712 2,657 2,550 2,040 1,400 1,127 1,075 830 800 751 823 809 675 Oats 1,718 1,615 1,856 1,800 1,774 1,739 2,530 1,960 1,830 2,100 1,815 2,180 2,006 1,971 1,932 Principal Industrial Crops Cotton 343 404 373 486 462 353 292 495 524 570 662 535 378 502 687 Sugarcane 353 351 354 354 358 355 356 355 355 333 332 326 307 Tobacco 53 50 67 66 53 55 60 55 57 50 59 64 81 Principal Oil Crops Sunflower 1,390 1,733 1,930 2,131 2,380 3,140 1,891 2,177 2,313 2,790 2,372 2,693 2,187 2,004 2,284 Linseed 780 851 910 810 620 750 758 671 574 596 590 431 215 148 Peanuts 201 180 125 146 146 176 212 194 153 170 198 153 110 134 Soybeans 1,925 2,040 2,226 2,920 3,300 3,340 3,700 4,413 4,670 5,093 4,967 5,007 5,320 5,639 Vegetable Crops Potatoes 2 104 109 115 107 109 105 113 120 122 118 118 100 Sweet potatoes 34 32 29 31 32 32 35 29 21 23 23 21 23 Drybeans 2 236 229 199 193 230 171 168 213 161 164 156 Tomatoes 23 30 32 34 39 39 38 27 28 30 32 33 39 Source: Ministry of Agriculture, SNESR. a/ Crop year: July through June. Table 7.2: Principal Crops, Area Harvested, 1980-1994 a/ (Thousand Hectares) 1980/ 1981/ 1982/ 1983/ 1984/ 1985/ 1986/ 1987/ 1988/ 1989/ 1990/ 1991/ 1992/ 1993/ 81 82 83 84 85 86 87 88 89 90 91 92 93 94 Principal Cereal Crops Wheat 5,023 5,926 7,320 7,073 5,900 5,382 4,893 4,789 4,651 5,422 5,797 4,547 4,255 4,734 Corn 3,394 3,170 2,970 3,024 3,340 3,231 2,900 2,437 1,684 1,672 1,918 2,367 2,505 2,422 Grain sorghum 2,100 2,510 2,520 2,370 1,965 1,280 978 956 593 689 676 764 723 614 Oats 350 299 408 410 434 333 312 476 356 444 451 452 372 303 Principal Industrial Crops Cotton 282 399 343 470 447 339 273 492 502 540 634 520 303 483 Sugarcane 319 309 313 319 288 296 290 297 229 243 244 255 226 Tobacco 47 55 60 62 49 49 51 53 54 47 58 60 69 Principal Oil Crops Sunflower 1,280 1,673 1,902 1,989 2,360 3,046 1,735 2,032 2,215 2,594 2,301 2,562 2,060 1,943 Linseed 726 818 864 804 603 688 745 655 560 573 573 416 207 142 Peanuts 197 179 125 146 146 173 238 193 153 168 179 153 110 134 Soybeans 1,880 1,986 2,281 2,910 3,269 3,314 3,582 4,373 3,931 4,919 4,783 4,949 5,116 5,583 Vegetable Crops Potatoes 117 102 108 114 106 107 105 113 115 120 116 117 99 Sweet potatoes 24 32 28 31 32 32 27 29 21 22 22 21 23 Dry beans 216 234 205 189 196 196 240 180 168 207 161 160 149 Tomatoes 19 27 31 30 37 38 28 26 27 28 31 31 38 Source: Ministry of Agriculture, SNESR. a/ Crop year: July through June. Table 7.3: Yield of Principal Crops, 1980-1984 a/ (Metric Tons Per Harvested Hectare) 19801 19811 19821 1983/ 19841 1985/ 19861 1987/ 19881 1989/ 19901 1991/ 1992/ 1993/ 81 82 83 84 85 86 87 88 89 90 91 92 93 94 Principal Cereal Crops Wheat 1.55 1.40 2.05 1.84 2.31 1.62 1.78 1.88 1.84 1.84 1.90 2.17 2.32 1.94 Corn 3.80 3.03 3.03 3.14 3.56 3.74 3.19 3.78 2.91 3.23 4.01 4.52 4.35 4.31 Grain sorghum 3.60 3.19 3.21 2.91 3.16 3.13 3.06 3.35 2.53 2.98 3.33 3.62 3.95 3.64 Oats 1.24 1.14 1.56 1.45 1.65 1.20 1.59 1.51 1.27 1.50 1.54 1.35 1.61 1.44 Principal Industrial Crops Cotton 1.00 1.23 1.09 1.30 1.20 1.11 1.18 1.73 1.23 1.72 1.56 1.25 1.42 1.49 Sugarcane 48.59 48.77 48.09 48.57 49.06 48.84 49.89 49.76 47.01 49.41 49.01 52.88 45.64 Tobacco 1.11 1.25 1.24 1.26 1.23 1.35 1.39 1.36 1.49 1.43 1.66 1.81 1.64 Principal Oil Crops Sunflower 0.98 1.18 1.26 1.11 1.44 1.35 1.27 1.43 1.44 1.45 1.75 1.33 1.44 1.85 Unseed 0.81 0.73 0.84 0.82 0.83 0.67 0.84 0.82 0.74 0.85 0.80 0.82 0.85 0.79 Peanuts 0.86 1.15 1.32 1.61 1.64 1.50 1.47 1.42 1.22 1.34 1.74 1.44 2.12 1.56 Soybeans 2.01 2.09 1.75 2.41 1.99 2.14 1.87 2.26 1.65 2.17 2.28 2.29 2.16 2.04 Vegetable Crops Potatoes 19.21 17.81 18.64 18.62 21.17 18.90 18.22 17.44 17.35 16.65 17.20 16.75 22.32 Sweet potatoes 10.28 11.50 11.15 10.55 11.78 12.74 14.41 16.09 14.64 13.19 13.14 12.73 11.76 Dry beans 1.19 1.26 1.26 1.20 1.20 1.18 0.56 0.96 0.74 1.00 1.06 0.98 0.98 Tomatoes 19.58 21.21 19.71 19.62 20.31 21.69 23.49 24.94 24.87 25.14 23.48 23.38 18.42 Source: Ministry of Agriculture. at Crop Year, July through June. Table 7.4: Productlon of Principal Crops, 1980-1984 a/ (Thousand Metric Tons) 1980/ 19811 1982/ 1983/ 19841 19851 1986/ 1987! 19881 1989/ 1990/ 19911 19921 1993/ 81 82 83 84 85 86 87 88 89 90 91 92 93 94 Principal Cereal Crops Wheat 7,780 8,300 15,000 13,000 13,600 8,700 8,700 9,000 8,540 10,000 10,992 9,884 9,874 9,184 Com 12,900 9,600 9,000 9,500 11,900 12,100 9,250 9,200 4,900 5,400 7,685 10,699 10,901 10,439 Grain sorghum 7,550 8,000 8,100 6,900 6,200 4,000 2,997 3,200 1,500 2,050 2,252 2,767 2,860 2,235 Oats 433 339 637 593 717 400 495 718 450 667 695 610 600 436 Principal Industrial Crops Cotton 282 491 373 610 536 377 323 849 619 927 990 651 431 720 Sugarcane 15,500 15,046 15,070 15,468 14,105 14,465 14,479 14,773 10,780 11,991 11,949 13,474 10,310 Tobacco 52 69 74 78 60 66 71 72 81 68 96 109 112 Principal Oil Crops Sunflower 1,260 1,980 2,400 2,200 3,400 4,100 2,200 2,915 3,200 3,758 4,034 3,408 2,956 3,588 Linseed 585 600 730 660 500 460 622 535 416 486 457 343 177 112 Peanuts 170 205 165 235 240 259 350 274 187 226 311 221 233 209 Soybeans 3,770 4,150 4,000 7,000 6,500 7,100 6,700 9,900 6,500 10,667 10,882 11,310 11,045 11,389 Vegetable Crops Potatoes 2,247 1,817 2,013 2,118 2,244 2,022 1,915 1,972 1,996 1,998 1,995 1,961 2,210 Sweet potatoes 247 368 310 325 377 409 389 462 312 290 289 266 271 Dry beans 258 296 257 227 235 232 134 172 125 208 170 157 147 Tomatoes 372 573 611 589 751 824 667 654 682 704 716 720 700 Source: Ministry of Agriculture. a/ Crop Year, July through June. Table 8.1: Production Indicators. Manufacturing Industry 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 '1992 1993 1994 Crude oil (Thous. M3) 28,559.8 28.852.5 28,470.8 28,473.0 27,838.0 26,675.0 25,189.0 24,857.0 26,123.0 26,702.0 28,060.0 28,426.6 32,246.2 34,447.3 38,643.5 Growth rate (%) .. 1.0 -1.3 0.0 -2.2 -4.2 -5.6 -1.3 5.1 2.2 5.1 1.3 13.4 6.8 12.2 Natural Gar. (Mill. M3) 13,486.0 13,629.0 15,523.0 17,181.0 18,764.0 19,113.0 19,246.0 19.168.0 22,734.0 24,207.0 23,018.0 24,643.0 25,030.0 26,631.7 27,406.4 Growth rate (%) .. 1.2 13.9 10.7 9.2 1.9 0.7 -0.4 18.6 6.5 -4.9 7.1 1.6 6.4 2.9 Flours (Thous. Tons.) 2,438.0 2,445.0 2,550.0 2,650.0 2,771.0 2,889.0 2,762.0 2,986.0 2,751.0 2,856.0 3,102.2 3,314.4 3,117.8 3,137.4 3,345.9 Growth rate (%) .. 0.3 4.3 3.9 4.6 4.3 -4.4 8.1 -7.9 3.8 8.6 6.8 -5.9 0.6 6.6 Vegetable Oils (Thous. Tons.) 870.0 590.0 787.0 1,110.0 1,575.0 1,949.0 2,335.0 2,026.0 2,386.0 2,326.0 2,808.2 3,066.9 3,099.7 2,755.3 3,026.6 Growth rate (%) .. -32.2 33.4 41.0 41.9 23.7 19.8 -13.2 16.8 -1.7 20.7 9.2 1.1 -11.1 9.8 Crackers and Biscuits (Thous. Tons.) 178.4 171.6 185.7 154.5 191.4 217.9 261.3 284.6 246.1 179.9 138.8 199.6 249.7 279.7 307.2 Growth rate (%) .. -3.8 8.2 -16.8 23.9 13.8 19.9 8.9 -13.5 -26.9 -22.8 43.8 25.1 12.0 9.8 AJcoholic Beverages (Thous. Liters) 87,535.0 92,860.0 87,835.0 102,567.0 132,389.0 98,298.0 121,422.0 103,915.0 84,998.0 60,737.8 57,200.6 71,628.0 81,367.0 8.4,108.8 77,676.5 Growth rate (%) .. 6.1 -5.4 16.8 29.1 -25.8 23.5 -14A4 -18.2 -28.5 -5.8 25.2 13.6 3.4 -7.6 Cellulosic Yams (Tons.) 2,120.0 1,028.0 1,610.0 1,730.0 2,127.0 1,473.0 3,584.0 3,341.0 3,419.0 3,491.0 2,653.0 3,262.0 3,202.0 3,514.0 3,879.0 Growth rate (%) .. -51.5 56.6 7.5 22.9 -30.7 142.0 -8.3 2.3 2.1 -24.0 23.0 -1.8 9.7 10.4 Synthetic Fibers (Tons.) 13.283.0 8,620.0 12,58.0 17,029.0 22,246.0 17,331.0 25,123.0 28,282.0 20,769.0 20,365.0 21,004.0 23,127.0 19,143.0 14,948.0 15.830.0 Growth rate (%) .. -35.1 46.0 35.3 30.6 -22.1 45.0 12.6 -26.6 -1.9 3.1 10.1 -17.2 -21.9 5.9 Synthetc Yars (Tons.) 21,527.0 15,974.0 18,039.0 24,271.0 27,556.0 18,409.0 31,694.0 29,260.0 28,272.0 25,593.0 27,790.0 33,494.0 32,007.0 34,870.0 37,339.0 Growth rate (%) .. -25.8 12.9 34.5 13.5 -33.2 72.2 -7.7 -3.4 -9.5 8.6 20.5 -4.4 8.9 7.1 Paper (Thous. Tons.) . . . .. ...... 206.7 198.3 206.3 140.5 140.1 Growth rate (%) ,. . . . . . .. .. .4.0 4.0 -31.9 -0.3 Paste for paper (rhous. Tons) .. 307.1 386.9 611.2 652.3 675.7 751.5 763.2 721.3 692.2 739.2 654.1 709.1 750.7 758.4 Growth rate (%) . .. 26.0 58.0 6.7 3.6 11.2 1.6 -5.5 -4.0 6.8 -1 1.5 8.4 5.9 1.0 Soaps (Thous. Tons.) . . . ... ........ 152,657.0 161,702.2 177,852.4 189,438.7 199,839.0 Growth rate (%) .. . . . . . .. .. .5.9 10.0 6.5 5.5 Tires (Thous. Tons.) 5,531.1 3,874.8 3,723.5 4,782.4 5,356.9 3,903.5 4,865.1 5,208.9 5,615.3 4,825.8 4,954.9 4,738.7 5,627.1 6,242.8 7,329.0 Growth rate (%) .. -29.9 -3.9 28.4 12.0 -27.1 24.6 7.1 7.8 -14.1 2.7 -4.4 18.7 10.9 17.4 Urea (rhous. Tons.) 59.7 52.8 79.5 89.2 87.0 95.8 91.9 102.2 95.5 97.9 108.8 103.3 86.3 116.4 97.8 Growth rate (%) .. -11.6 50.6 12.2 -2.5 10.1 -4.1 11.2 -6.6 2.5 11.1 -5.1 -16.5 34.9 -16.0 Caustic Soda (Thous.Tons.) 101.9 105.3 110.5 123.1 120.1 116.9 124.2 189.0 219.3 214.4 226.6 200.5 155.9 164.2 161.0 Growth rate (%) .. 3.3 4.9 11.4 -2.4 -2.7 6.2 52.2 16.0 -2.2 5.7 -11.5 -22.2 5.3 -1.9 P.V.C. (Thous. Tons.) 34.4 32.5 43.8 52.7 55.6 42.4 53.9 94.6 109.5 97.3 '104.3 '105.8 84.8 85.6 91.0 Growth rate (%) .. -5.5 34.8 20.3 5.5 -23.7 27.1 75.5 15.8 -11.1 7.2 1.4 -19.8 0.9 6.3 Ethylene (Thous. Tons.) . .. 136.8 '196.7 204.5 210.1 209.7 230.1 222.0 225.2 225.8 256.3 291.6 280.6 Growth rate (%) .. . . 43.8 4.0 2.7 -0.2 9.7 -3.5 1.4 0.3 13.5 13.8 -3.8 Potyethyene (Thous. Tons.) 33.2 32 .8 145.0 180.3 187.0 153.4 210.7 236.5 262.6 227.8 227.4 255.8 272.2 245.0 271.3 Growth rate (%) .. -1.2 342.1 24.3 3.7 -18.0 37.4 12.2 11.0 -13.3 -0.2 12.5 6.4 -10.0 10.7 Polypropilene (Thou. Tons.) .. . . . .. .. . 34.9 54.8 66.2 96.2 119.1 145.4 Growth rate (%) . .. . . . ....... 57.0 20.8 45.3 23.8 22.1 Sulphuric Acid (Thous. Tons.) 233.5 220.4 223.8 419.2 251.9 230.0 246.1 248.2 239.2 209.1 210.3 234.7 222.2 194.2 191.9 Growth rate (%) .. -5.6 1.5 87.3 -39.9 -8.7 7.0 0.9 -3.6 -12.6 0.6 11.6 -5.3 -12.6 -1.2 Source: Ministerio de Economia Table 8.1: Production Indicators. Manufacturing Industry (Cont.) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Chlorine (Thous. Tons.) .. . .. . 152.1 177.0 160.9 160.1 138.0 118.6 97.9 85.0 Growth rate (%) . .. . ... *.... 16.4 -9.1 -0.5 -13.8 -14.1 -17.5 .13.2 Gasolines (Thous. M3) 6,968.2 6,921.4 6,961.3 6.984.2 6,726.5 6,594.9 6,299.3 6,077.9 6,192.4 6.392.6 5,483.6 5,918.0 6,465.9 6,574.7 6,107.2 Growth rate (%) .. -0.7 0.6 0.3 -3.7 -2.0 -4.5 -3.5 1.9 3.2 -14.2 7.9 9.3 1.7 -7.1 Gas Oil (Thous. Tons.) 7,500.6 7,812.5 7,790.2 7,783.7 8,035.0 8.062.0 7,868.2 7,608.9 8,261.5 8,496.3 8,867.3 9,505.3 10,610.1 10,610.2 9,452.8 Growth rate (%) .. 4.2 -0.3 -0.1 3.2 0.3 -2.4 -3.3 8.6 2.8 4.4 7.2 11.6 0.0 -10.9 Fuel Oil (Thous. Tons.) 7,900.4 8,179.4 7,230.9 6,538.8 6,112.9 5,738.2 5,346.4 4,914.8 4,637.7 4,566.8 4,076.0 3,737.4 3,073.4 3,064.0 2,483.4 Growth rate (%) .. 3.5 -11.6 -9.6 -6.5 -6.1 -6.8 -8.1 -5.6 -1.5 -10.7 -8.3 -17.8 -0.3 -18.9 Crude Steel (Thous. Tons.) 2,687.1 2,517.1 2,913.0 2.965.5 2,652.1 2,945.3 3,245.6 3,602.8 3,623.9 3.873.8 3,635.6 2.971 .7 2,679.9 2,809.9 3,274.1 Growth rate (%) .. -6.3 15.7 1.8 -10.6 11.1 10.2 11.0 0.6 6.9 -6.1 -18.3 -9.8 7.1 14.1 Cold Rolled Steel Thous. Tons.) 674.9 557.7 697.6 815.6 817.2 574.4 919.1 1,001.6 977.9 840.1 733.3 673.2 717.9 854.9 1,088.2 Growth rate (%) .. -17.4 25.1 16.9 0.2 -29.7 60.0 9.0 .2.4 -14.1 -12.7 -8.2 6.6 19.1 27.3 Hot Rolled Non Flats (rhous. Tons.) 1,159.1 988.7 1,169.7 1,255.2 1,098.0 1,005.4 1,135.3 1,274.5 1,190.4 1,172.1 988.1 795.8 951.2 1,004.2 1,180.4 Growth rate (%) .. -14.7 18.3 7.3 -12.5 -8.4 12.9 12.3 -6.6 -1.5 -15.7 -19.5 19.5 5.6 17.5 Hot Rolled Flats (Thous. Tons.) 714.8 643.7 858.7 960.7 1,031.4 678.8 1,078.5 1,248.1 1,384.8 1,323.4 1,265.7 1,214.3 892.0 1,264.9 1,627.3 Growth rate (%) .. -9.9 33.4 11.9 7.4 -34.2 58.9 15.7 11.0 -4.4 -4.4 -4.1 -26.5 41.8 28.7 Seamless Tubes (Thous. Tons.) 284.4 309.0 312.8 315.7 311.9 372.6 331.1 387.7 422.6 484.2 535.9 661.4 588.2 588.4 606.5 Growth rate (%) .. 8.6 1.2 0.9 -1.2 19.5 -11.1 17.1 9.0 14.6 10.7 23.4 -14.1 3.6 3.1 Primary Aluminium (Thous. Tons.) 137.5 137.6 140.8 136.4 137.8 139.9 150.6 155.1 157.4 164.2 165.6 168.3 153.0 170.6 173.2 Growth rate (%) .. 0.1 2.3 -3.1 1.0 1.5 7.6 3.0 1.5 4.3 0.9 1.6 -9.1 11.5 1.5 Refrigerator (Thous. Units) 264.3 204.5 196.8 252.0 253.9 218.1 195.4 211.7 136.6 191.8 216.8 419.5 714.8 781.7 633.0 Growth rate (%) .. -22.6 -3.8 28.0 0.8 -14.1 -10.4 8.3 -35.5 40.4 13.0 93.5 70.4 9.4 -1 9.0 Washing Machines (Thous. Units) 151.1 119.0 106.1 144.8 171.5 168.5 179.5 118.8 71.8 142.8 180.2 209.8 574.4 688.3 500.3 Growth rate (%) .. -21.2 -10.8 36.5 18.4 -1.7 6.5 -33.8 -39.6 98.9 26.2 16.4 173.8 19.8 -27.3 Automobiles (Thous. Units) 218.6 139.4 106.9 129.0 137.2 113.8 137.9 158.7 135.8 107.6 81.1 114.1 220.5 287.0 338.6 Growth rate (%) .. -36.2 -23.3 20.7 6.4 -17.1 21.2 15.1 -14.5 -20.8 -24.6 40.7 93.2 30.1 18.0 Vans (Thous. Units) 43.4 22.8 19.4 24.0 20.8 15.2 23.6 24.3 20.1 14.0 13.9 18.9 31.4 44.1 54.6 Growth rate (%) . -47.4 -14.9 23.5 -13.2 -26.8 55.2 3.0 -17.4 -30.4 -0.7 36.2 66.3 40.4 23.7 Trucks and buses (Thous.Unfts) 19.8 10.1 5.8 6.9 9.3 8.7 9.0 10.3 8.3 6.3 4.7 5.9 10.1 11.2 15.6 Growth rate (%) . -48.7 -42.5 17.6 36.0 -6.9 3.7 14.1 -19.1 -24.7 -25.6 27.6 69.7 11.6 38.4 Tractors (Thous. Units) 3.6 1.4 3.9 5.3 6.5 4.1 6.4 2.5 5.0 4.3 4.9 3.1 3.8 2.9 3.7 Growth rate (%) .. -61.9 182.2 35.5 23.7 -37.2 55.3 -60.1 98.3 -14.6 13.3 -36.5 22.5 -22.9 25.8 Internal Combustion Motors (Thous.Units) 84.6 8.2 9.7 19.2 31.0 28.7 32.3 34.9 33.2 11.5 9.0 9.1 9.3 3.6 Growth rate (%) .. -90.3 18.7 96.7 61.7 -7.5 12.8 7.8 -4.8 -65.2 -21.9 1.2 1.9 -61.2 Source: Ministerio de Economia Table 8.2: Domestic Sales of Products from Domestic Origin 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Auitomobiles (rhous. Units) 215.2 143.6 106.5 120.4 135.2 121.2 134.3 156.3 135.7 112.3 77.3 113.1 203.1 263.7 307.0 Grovth rate (%) .. -33.3 -25.8 13.1 12.3 -10.3 10.8 16.4 -13.2 -17.2 -31.1 46.4 79.5 29.8 16.4 Vans (Thous. Units) 41.2 25.8 18.6 23.4 21.5 15.8 22.6 24.8 19.2 14.9 13.2 18.2 30.6 37.7 43.0 Growth rate (%) .. -37.4 -27.9 25.9 -8.4 -26.5 42.9 9.8 -22.6 -22.1 -11.4 37.5 68.2 23.2 14.1 Trucks and buses (Thous.Units) 18.4 9.5 7.2 6.3 8.4 8.5 8.8 9.8 7.7 5.7 4.3 5.8 9.7 9.8 10.6 Groth rate (%) .. -48.4 -23.7 -13.2 34.1 1.4 2.8 11.6 -21.4 -25.7 -25.6 37.4 65.2 1.7 8.2 Tractors (rhous. Units) 3.5 1.5 2.8 9.1 12.8 5.6 6.5 3.2 5.0 4.7 4.5 3.2 3.5 3.0 3.6 Grovth rate (%) .. -56.7 88.2 223.0 41.0 -56.2 15.4 -50.5 56.9 -7.2 -3.0 -28.5 8.9 -15.7 21.5 Road Machinery (Thous. Units) . . ........0.2 0.1 0.1 0.1 0.0 0.0 Growth rate (%) --. .. . .. .. -45.9 -32.7 19.7 -43.0 -20.0 Beer (Thous. His.) 2,329.0 2,061.0 2,237.0 3,120.0 3,970.0 3,966.0 5,444.0 5,847.0 5,234.0 6,104.0 6,141.0 7,978.0 9,515.0 10,305.0 11,293.0 Grovth rate (%) .. -1.5 8.5 39.5 27.2 -0.1 37.3 7.4 -10.5 16.6 0.8 29.9 19.3 8.3 9.6 Sugar (Thous. Tons.) 954.0 955.0 894.0 923.0 964.0 947.0 1,009.0 1,016.0 839.0 919.0 723.0 1,050.0 1,100.0 1,081.0 1,054.0 Grovmth rate (%) .. 0.1 -6.4 3.2 4.4 -1.8 6.5 0.7 -17.4 9.5 -21.3 45.2 4.8 -1.7 -2.5 Wine (Thoujs. Hls.) 21,072.0 21,023.0 21,004.0 20,551.0 20,112.0 18,551.0 18,557.0 18,341.0 17,881.0 17,163.0 17,714.0 17,111.0 16,193.0 14,559.0 14,179.0 Growth rate (%) .. -0.2 -0.1 -2.2 -2.1 -7.8 0.0 -1.2 -2.6 -3.9 3.2 -3.4 -5.4 -10.1 -2.6 Soft drinks (Thous. His.) N.A 12,958.0 9,796.0 10,851.0 13,714.0 13,612.0 17,388.0 16,987.0 11,967.0 9,799.0 10,061.0 15,561.0 19,545.0 20,565.0 22,528.0 Gfowth rate (%) . .. -24.4 10.8 26.4 -0.7 27.7 -2.3 -29.6 -18.1 2.7 54.7 25.6 5.2 9.5 Cigarettes (Mill. Packs) 1,898.7 1,760.4 1,621.9 1,728.7 1,947.4 1,954.8 1,995.4 1,884.7 1,696.6 1,683.4 1,655.2 1,727.7 1,845.0 1,928.5 1,974.6 Growth rate (%) .. -7.3 -7.9 6.6 12.7 0.4 2.1 -5.5 -10.0 -0.8 -1.7 4.4 6.8 4.5 2.4 Pharmaceutical (Mill. Units) N.A 398.8 378.1 401.1 452.5 430.5 464.4 495.3 466.6 414.2 387.7 431.2 458.0 474.4 432.5 Growth rate (%) .. .. 5.2 6.1 12.8 -4.9 7.9 6.7 -5.8 -11.2 -6.4 11.2 6.2 3.6 -8.8 Cement (Thous. Tons.) 7,108.4 6,602.4 5,636.2 5,609.1 5,229.4 4,572.9 5,539.1 6,290.9 6,012.2 4,442.4 3,580.3 4,385.8 5,067.8 5,640.5 6,323.1 Growth rate (%) .. -7.1 -14.6 -0.5 -6.8 -12.8 21.1 13.6 -4.4 -26.1 -19.4 22.5 15.6 11.3 12.1 Aluminium (Thous. Tons.) 128.9 38.6 54.8 71.7 67.6 32.0 57.5 66.0 61.7 46.4 35.5 54.2 65.7 64.4 Growth rate (%) .. -70.1 42.0 30.8 -5.7 -52.7 79.7 14.8 -8.5 -24.8 -23.5 52.7 21.2 -2.0 Electricity (GWh) 1/ N.A 3.008.3 3,038.9 3,411.8 3,666.2 3,298.9 3,880.7 4,089.8 3,921.9 3,440.7, 3,529.2 4,350.7 4,449.0 4,697.0 Growth rate (%) .. . .0 1 2.3 7.5 -10.0 17.6 5.4 -4.1i -12.3 2.6 23.3 2.3 5.6 Trash Disposal (Thous. Tons.) 2/ 2,406.0 2,677.0 2,422.0 2,149.0 2,282.0 2,346.0 2,581.0 2.603.0 2,483.0 2,166.0 2,270.0 2,643.0 3,388.0 3,780.0 4,020.4 Gtowth rate (%) .. 11.3 -9.5 -11.3 6.2 2.8 10.0 0.9 -4.6 -12.8 4.8 16.4 28.2 11.6 8.4 Source: Ministerio de Economia 1) Large consumers (EDENOR, EDESUR, EDELAP). 2/ CEAMSE Table 9.1: Principal Price Indicators, Annual Averages 1980-1994 (Base year 1980 = 100) 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Wholesale pnce index General 100.0 209.0 746.8 3,441.8 23,184.0 177,241.6 290,498.9 647,522.1 3,318,550.8 117,247,718.4 2,001,066,809.8 4,212,245,634.7 4,464,980,372.8 4,536,774,059.6 4,566,534,801.8 %change 75.4% 109.0% 257.3% 360.9% 573.6% 664.5% 63.9% 122.9% 412.5% 3433.1% 1606.7% 110.5% 6.0% 1.6% 0.7% Total Domestic 100.0 206.7 724.3 3,352.7 22,644.0 170,599.8 280,124.8 622,157.2 3,171,135.3 110,897,772.6 1,962,779,676.4 4,157,167,354.7 4,431,540,400.1 4,507,216,840.4 4,524,502,731.0 %change 75.5% 106.7% 250.4% 362.9% 575.4% 653.4% 64.2% 122.1% 409.7% 3397.1% 1669.9% 111.8% 6.6% 1.7% 0.4% Agriculture Domestic 100.0 191.6 762.8 3,611.7 23,577.0 139,151.2 294,304.8 636,287.0 3,043,997.2 109.145,563.7 1,737,597,373.6 3,390,052,476.0 4,007,042,026.6 4,244,877,677.4 3,880,671,854.9 %change 63.0% 91.6% 298.1% 373.5% 552.8% 490.2% 111.5% 116.2% 378.4% 3485.6% 1492.0% 95.1% 18.2% 5.9% -8.6% Non-agriculture Total 100.0 213.2 741.1 3,383.8 23,243.2 184,597.7 291,849.0 653,741.7 3,385,074.3 125,054,800.8 2,252,362,016.8 4,788,521,647.7 5,004,005,121.9 5,056,029,230.6 5,147.038,414.0 %change 80.1% 113.2% 247.6% 356.6% 586.9% 694.2% 58.1% 124.0% 417.8% 3594.3% 1701.1% 112.6% 4.5% 1.0% 1.8% Non-agnculture Domestic 100.0 209.8 710.2 3,258.3 22,436.5 176,373.1 278,493.1 621,318.2 3,201,031.4 111,482,320.8 2,006,347,328.3 4,311,640,408.5 4,518,599,148.1 4,568,086,407.8 4,657,577,917.0 %change 80.4% 109.8% 238.5% 358.8% 588.6% 686.1% 57.9% 123.1% 415.2% 3382.7% 1699.7% 114.9% 4.8% 1.1% 2.0% Imported 100.0 270.0 1,229.3 5,356.1 35,827.0 310,548.2 497,498.3 1,147,728.5 6,183,961.3 237,977,384.5 2,851,920,975.9 5,353,055,671.7 5,374,467,894.4 5,383,097,009.0 5,636,197,526.2 % change 74.5% 170.0% 355.3% 335.7% 568.9% 766.8% 60.2% 130.7% 438.8% 3748.3% 1098.4% 87.7% 0.4% 0.2% 4.7% Consumer price index General 100.0 204.5 541.5 2,403.2 17,464.4 134,860.1 256,369.1 592,981.7 2,626,909.0 83,512,063.2 2,016,064,718.5 5,477,647,840.1 6,841,582.152.2 7,567,576,103.9 7,883,698,081.3 % change 100.8% 104.5% 164.8% 343.8% 626.7% 672.2% 90.1% 131.3% 343.0% 3079.1% 2314.1% 171.7% 24.9% 10.6% 4.2% Food 100.0 199.2 554.2 2,433.2 17,978.1 130,185.6 303,023.7 1,327,203.4 7,135,872.8 224,910,570.3 5,014,132,892.6 13,092,456,147.9 17,042,807,568.4 18,797,970,394.5 19,059,865,993.4 %change 95.1% 99.2% 178.3% 339.0% 638.9% 624.1% 132.8% 338.0% 437.7% 3051.8% 2129.4% 161.1% 302% 10.3% 1.4% Construction Cost 100.0 197.3 537.6 2,879.6 21,530.9 140,790.3 238,780.4 543,225.5 2,567,283.6 95,056,242.1 1,630,689,833.5 4,001,712,851.5 4,854,077,688.8 5,688,696,787.8 6,035,656.524.3 % change 109.0% 97.3% 172.5% 435.6% 647.7% 553.9% 69.6% 127.5% 372.6% 3602.6% 1615.5% 145.4% 21.3% 17.2% 6.1% Source: INDEC. Table 9.2: Selected Cormrnodity Prices 1980-1994 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 Beef Frozen 1/ 97.4 84.1 64.1 66.6 90.9 86.6 111.0 162.2 154.9 148.6 130.9 194.7 253.9 303.1 229.5 BeefCorned2/ 143.7 136.3 100.0 91.3 87.2 82.2 90.7 111.8 82.4 95.3 102.8 120.1 93.4 111.8 119.9 Cacao 3/ 107.1 87.5 68.3 83.1 105.3 95.0 92.0 84.0 72.7 56.9 49.1 47.5 45.0 44.5 55.9 Coffee4/ 208.8 186.4 143.7 142.7 149.7 148.9 231.2 106.4 121.8 98.8 83.8 72.9 56.3 66.6 143.3 Copper 5/ 99.1 79.1 67.2 72.2 62.5 64.3 62.1 80.8 117.9 129.1 120.7 106.1 103.6 86.9 104.6 Cotton 6/ 153.5 152.0 124.9 140.0 163.8 164.0 157.2 163.0 218.5 289.3 300.1 278.7 212.8 201.2 171.5 Jute 7/ 313.5 278.3 283.1 298.3 530.8 582.9 271.8 320.6 370.0 373.3 408.3 365.4 279.2 271.3 295.7 Maize 8/ 3.0 3.2 2.5 3.2 3.3 2.7 2.1 1.7 2.5 2.6 2.6 2.5 2.5 2.4 2.6 Petroleo9/ 35.8 34.3 31.8 28.7 27.5 26.5 13.1 16.9 13.2 15.7 20.5 16.5 17.2 15.0 14.8 Rubber 10/ 64.6 50.9 38.9 48.3 43.4 34.4 36.6 44.7 53.7 44.0 39.2 37.5 39.1 37.7 51.1 Soybean Oil 11/ 598.3 506.9 447.3 526.9 725.2 576.0 342.4 334.3 463.4 431.5 447.5 453.9 428.7 480.0 616.2 Sugar 12/ 21.8 16.9 9.4 9.5 9.2 6.7 7.0 6.8 8.4 12.1 15.9 11.9 11.1 11.6 13.1 Tin 13/ 761.0 642.7 582.0 589.1 554.8 523.4 279.5 303.4 319.9 387.1 276.0 253.8 276.9 234.4 247.7 Wool 14/ 429.8 391.4 342.8 320.2 315.5 301.5 326.0 407.9 467.6 421.7 343.3 262.7 272.3 255.2 319.0 Source: International Monetary Fund 1/ US Cents/Pound 2/ US Cents/Pound 3/ US Cents/Pound 4/ New York Cts/Lb 5/ London US Cents/Lb 6/ Egypt (Liverpool) US Cents/Lb 7/ Bangladesh US$/MT 8/ Chicago US$/Bushel 9/ Dubai: Avg Crude US$/Barrel 10/ Malaysia US Cents/LB 11 / Dutch Ports All Origins US$/MT 12/ Brazil US Cents/Lb 13/ London All Origins US Cents/Lb 14/ Australia Cts/Kg 5 I 1 ~ ~ ~ ~ ~ ~ ~ ~ ~ l;M R N ~ ~ ~ ~ ~ i0t' ;; '044> < ^ML 6+tS ;4'42v;A-A<441Lt; ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~"1 )ftE AS t i, l ; f l, ;f Y (X f f ; ;fX f f~~~~~HIGIN S; 0-zj f 0 G 0 : t ?z :XiSg ) fiTt t ft;;tt C f k:Sl : t* ;eR ep o rt: No 15402 AR- ) ;: tS S : i:;)( lu:fi;S 4~ ~ ~~~ ~~ 4 E RSX;\w' l