EconMind is an observatory of Argentine macroeconomics. We compile, document, and analyze monetary, fiscal, exchange-rate, and price series from primary sources — with transparent methodology and open data for research.
Key macro indicators from primary sources, updated daily.
Source: INDEC (national CPI, headline and core) and BCRA (REM survey) · each card states its own source and the date of its latest reading
Source: BCRA · TAMAR and BADLAR, private banks, nominal annual %
Source: BCRA · million ARS and USD · the ratios are EconMind calculations
Source: dolarapi.com and argentinadatos.com (quotes) · BCRA (ITCRM) · gap, percentile and z-score: EconMind calculations
The question is binary and the thing is not, so it comes in two halves. On one side the rules, cited by number and date. On the other what the rules do, which can be measured: exchange controls ration quantities, and rationing always leaves the same three traces.
Source: BCRA — FX balance (via datos.gob.ar) and Communications «A» · gap and individuals’ purchases: EconMind Data
Source: INDEC (trade balance), BCRA (USD deposits), CIARA-CEC (agro FX settlement), World Bank (exports/GDP) and Yahoo Finance (futures)
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Source: INDEC — national accounts (global supply and demand, sectoral value added) via datos.gob.ar · base 2004; the 1993 base ends in 2012 and does not splice
INDEC, national accounts base 2004 (aggregate supply and demand, value added by sector) via datos.gob.ar · openness, tradable share and tradable absorption: EconMind calculations
The Balassa index compares a sector’s weight in the country’s exports against its weight in world exports. Above 1 is revealed comparative advantage. "Revealed" is the word that matters: it measures what is actually exported under current policy, not what the country could produce well.
Source: World Bank — WITS, RCA (Balassa) indicator on UN Comtrade data · 16 Harmonised System sections
The 2023 fall in vegetable products is the drought, not a structural shift: the index went from 10.36 to 7.95 with nothing in the productive base moving.
World Bank, WITS — revealed comparative advantage (Balassa) index on UN Comtrade data · RSCA = (RCA − 1)/(RCA + 1): EconMind calculation
Source: INDEC (EMAE, manufacturing IPI, ISAC) via datos.gob.ar and World Bank (GDP, savings)
INDEC, Manufacturing industrial production index (IPI), general level, via datos.gob.ar (453.1_SERIE_ORIGNAL_0_0_14_46)
INDEC, Construction activity synthetic indicator (ISAC), general level, via datos.gob.ar (302.3_S_ORIGINALRAL_0_S_21)
It depends which measure, which is why the argument never settles. The aggregate and consumption per head disagree: the population grew by a fifth since 2004. All three measures, each against its own peak.
Source: INDEC — private consumption at constant 2004 prices, population projection and the supermarket survey, via datos.gob.ar
Output per employed person in constant purchasing-power-parity dollars: the standard measure of labour productivity, comparable across countries.
Source: World Bank — World Development Indicators (SL.GDP.PCAP.EM.KD) · annual series
World Bank, World Development Indicators — GDP per person employed, constant 2021 PPP (SL.GDP.PCAP.EM.KD)
Employer firms since the change of government. The net total answers "how many"; the question that matters is which, and there sole proprietorships fall by more than the total, because incorporated companies grew over the same years.
Source: OEDE — Observatorio de Empleo y Dinámica Empresarial, Secretaría de Trabajo · private firms declaring employment to SIPA · quarterly stock and flows to Q4-2025; composition by legal form, annual to 2024
OEDE, Employment and Business Dynamics Observatory (Secretaría de Trabajo) — private employers registered in SIPA
The figure in circulation and the one that came in during a year are not the same figure, and the difference is not a shortfall: they are different concepts. Here are all four, kept apart the way the source keeps them apart.
Source: Ministry of Economy — RIGI (published investment plan) · BCRA — FX balance · INDEC — national accounts · World Bank — GDP in dollars
Source: INDEC — EPH (unemployment and poverty) and RIPTE via the Ministry of Labour · the World Bank provides the comparable annual series
World Bank, World Development Indicators — poverty headcount ratio at national poverty lines (SI.POV.NAHC)
The income profile by age, year and education, from household survey microdata. In the textbooks the profile rises, flattens and declines slowly. Here that holds for registered workers: those working without a pension deduction are paid almost nothing for experience.
Source: INDEC — Permanent Household Survey, quarterly microdata, deflated by CPI · 31 urban agglomerates
Source: Ministry of Economy (IMIG), ARCA via datos.gob.ar and World Bank (central government spending and revenue)
Ministry of Economy — monthly revenue and expenditure report (IMIG), financial balance, via datos.gob.ar (452.3_RESULTADO_ERO_0_M_20_25)
Ministry of Economy — national tax collection, via datos.gob.ar (172.3_TL_RECAION_M_0_0_17)
World Bank, World Development Indicators — central government expense, % of GDP (GC.XPN.TOTL.GD.ZS)
Source: Oficina Nacional de Presupuesto — Presupuesto Abierto (execution) and the budget bill’s message (assumptions)
Formulation, the enacted law and execution are different things and are kept apart here. Execution covers the National Administration on an accrual basis: it is not the cash-basis National Public Sector result shown in the fiscal section.
Budget bill message (macroeconomic assumptions) and INDEC (CPI, year-on-year to December) · EconMind calculation
Presupuesto Abierto — budgeted and accrued credit of the National Administration, accrual basis
Presupuesto Abierto — accrued spending by purpose and function, over the GDP the source itself publishes
The argument is whether the government transferred what it owed or whether universities cannot operate on what arrives. Those are claims about different variables, and each has its own number. The headline is undefined until you say what you divided by: here are the three divisors, and since law 27.795 one of them is set by statute.
Source: Presupuesto Abierto — programme 26, monthly execution · INDEC — headline, core and regulated CPI and public-sector wages · SPU yearbook, table 4.8 · Law 27.795
Source: IMF — World Economic Outlook (annual), Secretaría de Finanzas and MECON (monthly), World Bank (external debt) and JP Morgan EMBI+ via argentinadatos.com
IMF, World Economic Outlook — general government gross debt, % of GDP (GGXWDG_NGDP)
Source: Finance Secretariat, MECON, INDEC — monthly data
Secretaría de Finanzas — monthly public debt bulletin (central administration gross debt)
J.P. Morgan, EMBI+ Argentina (country risk), public replica via argentinadatos.com
Source: BCRA via datos.gob.ar (peso stocks) and BCRA — Informe sobre Bancos (delinquency); the stress index is an EconMind calculation
BCRA — peso loans to the private sector, via datos.gob.ar (91.1_DETALLE_PRPOT_0_0_25)
BCRA — private sector deposits, via datos.gob.ar (174.1_DSITOS_TAL_0_0_33)
BCRA, Banking Report — statistical annex (private credit non-performance) · indicator built by EconMind
The public argument asks whether arrears come from borrowing to eat or to buy a television. No source tags what a personal loan paid for, so that question has no direct answer. What the data does separate is the credit line: a car loan buys a car and a mortgage buys a home; personal loans and cards buy anything.
Source: BCRA — statistical annex to the Informe sobre Bancos (arrears by line, households) · BCRA via datos.gob.ar 91.1 (stock by destination) · INDEC 455.1 (supermarket payment methods) · BCRA financial inclusion indicators (non-bank credit)
BCRA, Banking Report — statistical annex, portfolio quality by line (households)
INDEC, Supermarket survey (455.1) — sales by payment method
BCRA, Financial inclusion indicators — extended financial system (4.3.1)
A personal loan is fungible: the bank reports the line, not what the money bought. These figures settle which debt is going bad, not what was purchased with it.
Since the central bank was founded, the peso has shed thirteen zeros by decree across four redenominations. That number is exact: it comes from the statutes, not from any index. The inflation behind those zeros is far larger, and depends on how you splice series spanning nearly a century.
INDEC via datos.gob.ar (240.1_DCONS_PADO_1969_0_16, 1935–1959; 356.1_NIVEL_GENERAL__13, 1960–1967), INDEC IPIM (1968–2006), IPC-Congreso bridge (2007–2016) and national CPI (2017–) · splicing: EconMind
Inflation and nominal depreciation of the peso against the dollar as annualised rates, for each administration since the return of democracy. Bars share a comparable scale; the cumulative detail and the real exchange rate appear at the foot of each row.
Source: EconMind Data · price index Dec-1983=100 (IPIM 1983-2006 · IPC-Congreso bridge 2007-2016 · national CPI 2017-) and nominal exchange rate (World Bank + BCRA wholesale). /api/data/by-president
Inflation and nominal depreciation accumulated over each administration's first 100 days, counted from inauguration day.
Daily exchange-rate data only begins in 2002 (wholesale) and 2011 (official): the six earlier administrations have no comparable figure and are shown without one, rather than presenting a richer panel for recent governments.
The Martínez de Hoz plan and the current one, aligned on their month zero and measured with the same series: the central bank publishes the exchange rate, the deposit rate and reserves monthly since 1940, so both eras can be read with a single instrument.
Source: BCRA — monthly historical series since 1940 (via datos.gob.ar) · deflator: INDEC — wholesale price index since 1968
Key economic news from Argentine media. Headlines link to their original sources.
Methodological transparency: primary source, frequency and transformation for every published series. EconMind-curated data is open and can be downloaded as CSV for research and independent analysis. To cite a series: “EconMind (2026). [Series]. Retrieved from econmind.com.ar.” Data licensed under CC BY 4.0.
| Indicator | Primary source | Frequency | Transformation / convention |
|---|---|---|---|
| Reservas, base monetaria, M2 | BCRA (Principales Variables) | Diaria | Variaciones 1d/7d/30d/90d; reservas netas = proxy BCRA |
| Inflación general y núcleo | INDEC · IPC Nacional (datos.gob.ar) | Mensual | Var. % m/m e interanual sobre índice base dic-2016 |
| Expectativas (REM 12m) | BCRA · REM | Mensual | Mediana de inflación esperada a 12 meses |
| Cotizaciones y brecha | dolarapi.com · argentinadatos.com | Intradiaria | Brecha = (paralelo / oficial venta − 1) × 100 |
| Tasas TAMAR / BADLAR | BCRA (ids 44 / 7) | Diaria hábil | TNA %, bancos privados |
| ITCRM | BCRA | Mensual | Gap vs mediana 120m; percentil y z-score |
| Resultado primario | Min. Economía · IMIG (datos.gob.ar) | Trimestral | ARS M corrientes; superávit = positivo |
| Saldo comercial | INDEC · ICA (74.3_ISC_0_M_19) | Mensual | USD M; expo FOB − impo CIF |
| Morosidad privada | BCRA · Informe sobre Bancos | Mensual | % cartera irregular; señal low/medium/high/critical |
| EMAE | INDEC (datos.gob.ar) | Mensual | Interanual s/ serie original; m/m s/ desestacionalizada |
| Salario real (RIPTE) | Min. Trabajo (datos.gob.ar) | Mensual | Deflactado por IPC Nacional |
| Liquidación agro | CIARA-CEC (datos.gob.ar) | Mensual | USD M acumulado mensual |
| EMBI+ / Riesgo país | JP Morgan vía argentinadatos.com | Diaria | Puntos básicos |
| Consumo privado | INDEC · Oferta y demanda globales (datos.gob.ar) | Trimestral | Precios constantes de 2004. El per cápita divide por la proyección de población del INDEC, en la misma grilla trimestral |
| Volumen en supermercados | INDEC · Encuesta de supermercados | Mensual | Índice 2017=100 a precios constantes, serie desestacionalizada |
| Productividad laboral | Banco Mundial · WDI (SL.GDP.PCAP.EM.KD) | Anual | PIB por persona ocupada en USD PPA constantes de 2021. No proviene del WEF: su índice se discontinuó en 2019 y era una encuesta de percepción |
| Nivel de precios desde 1935 | INDEC · deflactor del consumo, costo de vida, IPIM, IPC | Anual | Cadena en cuatro tramos empalmados sobre ventanas de tres años. Sensible al método: 64 combinaciones dan entre 10^16,71 y 10^17,07. Las trece redenominaciones de ceros son exactas y no dependen del empalme |
| Empresas empleadoras | OEDE · Secretaría de Trabajo (planillas, no API de series) | Anual y trimestral | Empresas privadas que declaran empleo en el SIPA. «Persona física» es forma jurídica, no tamaño; excluye monotributistas y autónomos sin empleados |
| Primeros 100 días | EconMind sobre índice de precios 1983 y TC diario | Por gobierno | Índice mensual anclado a mitad de mes antes de interpolar. El TC diario existe desde 2002/2011, por lo que seis administraciones no tienen cifra cambiaria comparable |
| Mora de las familias por línea | BCRA · Informe sobre Bancos, anexo estadístico | Mensual, desde 2010 | Ratio de irregularidad de las financiaciones a familias, abierto por línea. Es la única fuente que separa la mora por línea: datos.gob.ar publica la cartera privada total y nada más. La participación de cada línea en la mora se calcula como saldo × ratio, no como el ratio a secas. |
| Stock de crédito por destino | BCRA vía datos.gob.ar (91.1) | Mensual, desde 2003 | Préstamos al sector privado en pesos por destino. Las variaciones se deflactan por IPC INDEC: en una ventana con 329% de inflación acumulada, comparar saldos nominales no dice nada. |
| Medios de pago en supermercados | INDEC · Encuesta de supermercados (455.1) | Mensual, desde 2017 | Participación de cada medio de pago en las ventas. La suba de la tarjeta de crédito también refleja digitalización y promociones en cuotas: es indicio de financiamiento del consumo corriente, no prueba. |
| Crédito no bancario | BCRA · Indicadores de inclusión financiera (4.3.1) | Mensual, con ~3 trimestres de rezago | Porcentaje de adultos con deuda en cada grupo institucional. Un mismo adulto puede deber en más de un grupo, así que los porcentajes no suman 100. |
| Ventaja comparativa revelada (Balassa) | Banco Mundial · WITS, indicador RCA sobre UN Comtrade | Anual, 1993-2023 (rezago ~2 años) | Índice publicado por el Banco Mundial, no calculado acá: el numerador (exportaciones argentinas por capítulo) sale de Comtrade, pero el denominador —exportaciones mundiales por producto— no se sirve agregado en el tramo público, y sumar ~200 reporters daría una cifra propia y frágil. Se publica también el RSCA = (RCA−1)/(RCA+1) porque el índice de Balassa es asimétrico y no se puede promediar ni graficar linealmente. La sección 90-99 es 94% HS99, «mercancías no especificadas»: su RCA no describe un sector. |
| Apertura y costo del ajuste externo | INDEC · cuentas nacionales vía datos.gob.ar | Anual, base 2004 (2004-2025); base 1993 aparte | Apertura = (X+M)/PIB. Transable = VAB de bienes menos construcción, sobre VAB total: INDEC clasifica la construcción entre los productores de bienes y es la actividad menos transable que hay, así que dejarla adentro sube la serie unos 4 puntos. La depreciación real implícita es una estimación EconMind siguiendo a Calvo, Izquierdo y Talvi (2003): estática comparativa con elasticidad unitaria, responde un orden de magnitud. El VAB está a precios de productor y X/M a precios de comprador e incluyen servicios, así que el cociente mezcla bases; y los servicios son cada vez más transables, con lo que la partición envejece como proxy. Los comparadores salen del Banco Mundial (NE.TRD.GNFS.ZS) para todos los países, Argentina incluida: mezclar una cifra del INDEC con cifras del WDI compararía dos construcciones. El WDI reproduce la serie INDEC en los 22 años en que se solapan, dentro de 0,5 puntos. |
| Reserves, monetary base, M2 | BCRA (Principales Variables) | Daily | 1d/7d/30d/90d changes; net reserves = BCRA proxy |
| Headline and core inflation | INDEC · national CPI (datos.gob.ar) | Monthly | % m/m and y/y change on a Dec-2016-based index |
| Expectations (REM 12m) | BCRA · REM | Monthly | Median expected inflation over 12 months |
| Quotes and gap | dolarapi.com · argentinadatos.com | Intraday | Gap = (parallel / official sell − 1) × 100 |
| TAMAR / BADLAR rates | BCRA (ids 44 / 7) | Business days | Nominal annual rate %, private banks |
| ITCRM | BCRA | Monthly | Gap vs 120-month median; percentile and z-score |
| Primary balance | Ministry of Economy · IMIG (datos.gob.ar) | Quarterly | Current ARS M; surplus = positive |
| Trade balance | INDEC · ICA (74.3_ISC_0_M_19) | Monthly | USD M; FOB exports − CIF imports |
| Private-sector arrears | BCRA · Informe sobre Bancos | Monthly | % non-performing portfolio; low/medium/high/critical signal |
| EMAE | INDEC (datos.gob.ar) | Monthly | Y/y on the original series; m/m on the seasonally adjusted one |
| Real wage (RIPTE) | Ministry of Labour (datos.gob.ar) | Monthly | Deflated by national CPI |
| Agro export proceeds | CIARA-CEC (datos.gob.ar) | Monthly | USD M, monthly total |
| EMBI+ / Country risk | JP Morgan via argentinadatos.com | Daily | Basis points |
| Private consumption | INDEC · Global supply and demand (datos.gob.ar) | Quarterly | Constant 2004 prices. Per capita divides by INDEC's population projection, on the same quarterly grid |
| Supermarket volume | INDEC · Supermarket survey | Monthly | Index 2017=100 at constant prices, seasonally adjusted |
| Labour productivity | World Bank · WDI (SL.GDP.PCAP.EM.KD) | Annual | GDP per employed person in constant 2021 PPP USD. Not from the WEF: its index was discontinued in 2019 and was a perception survey |
| Price level since 1935 | INDEC · consumption deflator, cost of living, IPIM, CPI | Annual | A chain of four stretches spliced over three-year windows. Sensitive to method: 64 combinations give between 10^16.71 and 10^17.07. The thirteen zeros removed by redenominations are exact and do not depend on the splice |
| Employer firms | OEDE · Secretaría de Trabajo (workbooks, not a series API) | Annual and quarterly | Private firms reporting employees to SIPA. “Natural person” is a legal form, not a size; excludes monotributistas and self-employed workers without employees |
| First 100 days | EconMind, on the 1983 price index and daily exchange rate | Per administration | Monthly index anchored at mid-month before interpolating. The daily exchange rate exists from 2002/2011, so six administrations have no comparable exchange-rate figure |
| Household arrears by credit line | BCRA · Informe sobre Bancos, statistical annex | Monthly, since 2010 | Irregularity ratio of loans to households, broken down by line. It is the only source that separates arrears by line: datos.gob.ar publishes only the total private portfolio. Each line's share of arrears is computed as balance × ratio, not from the ratio alone. |
| Credit stock by purpose | BCRA via datos.gob.ar (91.1) | Monthly, since 2003 | Peso loans to the private sector by purpose. Changes are deflated by INDEC CPI: over a window with 329% cumulative inflation, comparing nominal balances says nothing. |
| Supermarket payment methods | INDEC · Supermarket survey (455.1) | Monthly, since 2017 | Each payment method's share of sales. The rise of credit cards also reflects digitalisation and instalment promotions: it is a sign of borrowing to fund everyday consumption, not proof. |
| Non-bank credit | BCRA · Financial inclusion indicators (4.3.1) | Monthly, ~3 quarters behind | Share of adults with debt in each institutional group. The same adult can owe in more than one group, so the percentages do not add up to 100. |
| Revealed comparative advantage (Balassa) | World Bank · WITS, RCA indicator on UN Comtrade | Annual, 1993-2023 (~2-year lag) | An index published by the World Bank, not computed here: the numerator (Argentina's exports by chapter) comes from Comtrade, but the denominator — world exports by product — is not served in aggregate on the public tier, and summing ~200 reporters would give a fragile figure of our own. RSCA = (RCA−1)/(RCA+1) is also published because the Balassa index is asymmetric and cannot be averaged or plotted linearly. Section 90-99 is 94% HS99, “commodities not elsewhere specified”: its RCA does not describe a sector. |
| Openness and the cost of external adjustment | INDEC · national accounts via datos.gob.ar | Annual, 2004 base (2004-2025); 1993 base separate | Openness = (X+M)/GDP. Tradable = goods value added minus construction, over total value added: INDEC classifies construction among goods producers and it is the least tradable activity there is, so leaving it in raises the series by about 4 points. The implied real depreciation is an EconMind estimate following Calvo, Izquierdo and Talvi (2003): a comparative static with unit elasticity that gives an order of magnitude. Value added is at producer prices while X/M are at purchaser prices and include services, so the ratio mixes bases; and services are increasingly tradable, so the split ages as a proxy. Comparators come from the World Bank (NE.TRD.GNFS.ZS) for all countries, Argentina included: mixing an INDEC figure with WDI figures would compare two constructions. WDI reproduces the INDEC series in all 22 overlapping years, within 0.5 points. |
We organize our coverage into four domains of Argentine macroeconomics, each documented from primary sources.
Monetary base, aggregates (M2), reserves, and real rates: the nominal dynamics and liquidity that govern expected inflation.
Headline and core CPI, expectations (REM), and the real exchange rate (ITCRM): the evolution of prices and their link to the nominal anchor.
Dollar quotes and gaps, trade balance, sovereign risk (EMBI), and agricultural FX flows: the external constraint in real time.
Primary balance, public spending and revenue, and public-debt sustainability per local and international sources (IMF, World Bank).
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import pandas as pd
obs = pd.read_parquet("https://api.econmind.com.ar/api/data/exports/latest/observations.parquet")Release index: /api/data/exports · point-in-time vintages via ?asof=
The EMBI+ country-risk index (J.P. Morgan) and the Yahoo Finance commodity futures are not in the downloads: their licences do not allow redistributing the data. They are shown on the site with their source; for commodity prices, the downloads include the World Bank monthly series (Pink Sheet).
Computed from when each observation became known: a release holds what arrived between the previous release and it. Revisions count when they move a value materially.
Every release runs staleness, bounds and duplicate-vintage checks across all series. The full result is published, including what fails.
Most open findings are publication lag at the source rather than a broken pipeline: INDEC publishes EMAE two months in arrears and the BCRA banking report later still. Each row shows the latest available date and its age, and only series with something open are listed.
The list above shows only series with open findings, so healthy ones never appear there. This is the full coverage, oldest series first: each one’s first and last observation, and how many there are.
Full result: /api/data/quality
Answers are generated by AI from the data on this site: they may contain errors and are not financial advice. Questions are sent to external AI providers (Groq, Google) and EconMind does not store them.
EconMind gathers the main series of the Argentine macroeconomy from their primary sources (BCRA, INDEC, the Ministry of Economy, the World Bank and others), validates them every day and publishes them as open data, with the methodology and the source of every figure in plain view.
It is an independent, anonymous project that would rather be judged by its data and method than by who signs it. Every release is versioned and one a month is archived on Zenodo with a DOI, so any figure on the site can be cited and recomputed.
EconMind offers no financial advice or investment recommendations. The analysis texts and the assistants’ answers are generated automatically by artificial intelligence and may contain errors: the data and their sources are the reference.
How to cite: EconMind (2026). EconMind Data [data set]. Zenodo. doi:10.5281/zenodo.22771411 · CC BY 4.0 licence.
Found an error in a figure, a source or a text? Write to correcciones [at] econmind.com.ar: every report is reviewed and, where needed, the correction goes into the next release. Or .