OECD Secretary-General Angel Gurría and Argentina’s Minister of Treasury Nicolás Dujovne presided today over the signing of a Memorandum of Understanding to establish a centre of the OECD Academy for Tax and Financial Crime Investigation in Buenos Aires, Argentina.

This report contains two parts. Part I is a report on the activities and achievements of the OECD’s tax agenda, and is made of two subparts: looking back at significant achievements and looking ahead at the further progress needed, in particular through the OECD/G20 Inclusive Framework on BEPS. Part II is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Twenty-eight officials participated in the inaugural “VAT/GST Fraud Investigations” course at the OECD Latin America Academy for Tax and Financial Crime Investigation last week in Buenos Aires.

This report contains two parts. Part I reports on the activities and achievements in the OECD’s international tax agenda. Part II reports on the activities and achievements of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The OECD Working Group on Bribery doubts Argentina’s commitment to fight foreign bribery. Argentina still has no law to punish companies for foreign bribery or prosecute its citizens who commit this crime abroad. Widespread delays continue to plague complex economic crime investigations.

A high-level Working Group mission will visit Buenos Aires on 26-27 April 2016 and meet senior Argentine government officials.

The OECD Working Group on Bribery in International Transactions has repeatedly over 15 years urged Argentina to strengthen its efforts to fight corruption and foreign bribery. During that time, the Working Group has recommended that Argentina change its laws to hold companies liable for corruption and to extend jurisdiction to Argentines who commit foreign bribery overseas.

Some 16 years after joining the OECD Anti-Bribery Convention, Argentina remains in serious non-compliance.

Argentina is making progress in its path to advance its growth agenda. The first OECD Multi-dimensional Economic Survey of Argentina underlines the achievements to date of the government’s recent and comprehensive programme of macroeconomic and structural reforms.

Over the last decades Argentina’s living standards have lost ground relative to other developed and emerging economies. Putting Argentina on a path to stronger, inclusive and job-rich growth requires boosting productivity and strengthening investment through wide-ranging structural reforms.

As part of efforts to deepen co-operation between the OECD and Argentina and contribute to the country’s public policy and reform agenda, Argentina’s Finance Minister Nicolás Dujovne has presented an Action Plan to OECD Secretary-General Angel Gurría.

This report evaluates the corporate governance framework for the Argentinian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of Argentina. It is based on discussions involving all OECD countries.

Imports from Argentina in Brazil decreased to 539 USD Million in April from 818 USD Million in March of 2020. Imports from Argentina in Brazil averaged 877.18 USD Million from 2014 until 2020, reaching an all time high of 1308.55 USD Million in September of 2014 and a record low of 487 USD Million in January of 2016. This page includes a chart with historical data for Brazil Imports from Argentina.

Exports to Argentina in Brazil decreased to 477 USD Million in April from 771 USD Million in March of 2020. Exports to Argentina in Brazil averaged 792.53 USD Million from 1989 until 2020, reaching an all time high of 2206.32 USD Million in September of 2011 and a record low of 29.21 USD Million in February of 1990. This page includes a chart with historical data for Brazil Exports to Argentina.

Wages High Skilled in Argentina increased to 20500 ARS/Month in 2018 from 19500 ARS/Month in 2017. Wages High Skilled in Argentina averaged 17450 ARS/Month from 2015 until 2018, reaching an all time high of 20500 ARS/Month in 2018 and a record low of 13300 ARS/Month in 2015. High Skilled Wages refer to highest estimate of wage of workers doing high-skilled jobs, calculated from sample of wages collected by WageIndicator surveys.

The Gross Domestic Product per capita in Argentina was last recorded at 18282.09 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Argentina, when adjusted by Purchasing Power Parity is equivalent to 103 percent of the world's average. GDP per capita PPP in Argentina averaged 16138.45 USD from 1990 until 2018, reaching an all time high of 19817.45 USD in 2011 and a record low of 11372.82 USD in 1990. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Argentina GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Argentina is ranked 126 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Argentina deteriorated to 126 in 2019 from 119 in 2018. Ease of Doing Business in Argentina averaged 117.92 from 2008 until 2019, reaching an all time high of 126 in 2019 and a record low of 112 in 2008. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Argentina.

Argentina recorded a Government Budget deficit equal to 5.50 percent of the country's Gross Domestic Product in 2018. Government Budget in Argentina averaged -1.82 percent of GDP from 2000 until 2018, reaching an all time high of 3.70 percent of GDP in 2004 and a record low of -6.40 percent of GDP in 2001. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Argentina Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Argentina recorded a Current Account deficit of 5.40 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Argentina averaged -1.05 percent from 1980 until 2018, reaching an all time high of 8 percent in 2002 and a record low of -5.40 percent in 2018. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Argentina Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Argentina scored 45 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Argentina averaged 32.82 Points from 1995 until 2019, reaching an all time high of 52.40 Points in 1995 and a record low of 25 Points in 2003. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Argentina Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Argentina is the 66 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Argentina averaged 83.20 from 1995 until 2019, reaching an all time high of 109 in 2008 and a record low of 24 in 1995. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Argentina Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Argentina stands at 21 percent. In Argentina, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Argentina. This page provides - Argentina Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Argentina stands at 35 percent. In Argentina, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Argentina. This page provides - Argentina Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Argentina increased to 2738508.90 ARS Million in December from 2329022.10 ARS Million in November of 2019. Money Supply M2 in Argentina averaged 344746.06 ARS Million from 1990 until 2019, reaching an all time high of 2738508.90 ARS Million in December of 2019 and a record low of 711.60 ARS Million in January of 1990. Argentina Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Argentina Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Argentina increased to 1942902.30 ARS Million in December from 1686438 ARS Million in November of 2019. Money Supply M1 in Argentina averaged 251460.85 ARS Million from 1990 until 2019, reaching an all time high of 1942902.30 ARS Million in December of 2019 and a record low of 440.30 ARS Million in January of 1990. This page provides - Argentina Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Argentina increased 54.20 percent in February of 2020 over the same month in the previous year. Food Inflation in Argentina averaged 45.32 percent from 2017 until 2020, reaching an all time high of 66.20 percent in April of 2019 and a record low of 19.94 percent in April of 2018. This page provides - Argentina Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Argentina increased 53.60 percent in February of 2020 over the same month in the previous year. Core Inflation Rate in Argentina averaged 42.48 percent from 2017 until 2020, reaching an all time high of 58.80 percent in May of 2019 and a record low of 21.12 percent in January of 2018. This page provides - Argentina Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Argentina increased to 39189 USD Million in February from 38872 USD Million in January of 2020. Foreign Exchange Reserves in Argentina averaged 12982.04 USD Million from 1957 until 2020, reaching an all time high of 65345 USD Million in April of 2019 and a record low of 13 USD Million in February of 1972. In Argentina, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides - Argentina Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Transport in Argentina decreased to 55682.72 ARS Million in the fourth quarter of 2019 from 57216.88 ARS Million in the third quarter of 2019. GDP From Transport in Argentina averaged 49145.83 ARS Million from 2004 until 2019, reaching an all time high of 61027.37 ARS Million in the second quarter of 2017 and a record low of 28143.41 ARS Million in the first quarter of 2004. This page provides - Argentina Gdp From Transport, Storage and Communication- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Argentina decreased to 8.90 percent in the fourth quarter of 2019 from 9.70 percent in the third quarter of 2019. Unemployment Rate in Argentina averaged 9.43 percent from 2002 until 2019, reaching an all time high of 20.80 percent in the fourth quarter of 2002 and a record low of 5.90 percent in the third quarter of 2015. In Argentina, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Argentina Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Argentina increased to 12240 Thousand in the fourth quarter of 2019 from 11934 Thousand in the third quarter of 2019. Employed Persons in Argentina averaged 13106.57 Thousand from 1991 until 2019, reaching an all time high of 16100.01 Thousand in the third quarter of 2013 and a record low of 10560.47 Thousand in the second quarter of 1991. In Argentina, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Argentina Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Argentina increased to 43 percent in the fourth quarter of 2019 from 42.60 percent in the third quarter of 2019. Employment Rate in Argentina averaged 41.63 percent from 2002 until 2019, reaching an all time high of 43.40 percent in the third quarter of 2011 and a record low of 36.30 percent in the first quarter of 2003. In Argentina, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Argentina Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Argentina increased 1.20 percent in February of 2020 over the previous month. Industrial Production Mom in Argentina averaged 0.32 percent from 1995 until 2020, reaching an all time high of 14.64 percent in March of 2000 and a record low of -18.30 percent in January of 2012. In Argentina, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Argentina Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Housing Index in Argentina decreased to 557.66 SQ. METRE THO in February from 629.58 SQ. METRE THO in January of 2020. Housing Index in Argentina averaged 605.79 SQ. METRE THO from 1991 until 2020, reaching an all time high of 1119.25 SQ. METRE THO in December of 2007 and a record low of 127.13 SQ. METRE THO in January of 2002. In Argentina, the Housing Index is measured by surface area registered for private construction. This page provides - Argentina Permits for Floor Space - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Argentina was recorded at 46.90 percent in March of 2020. Inflation Rate in Argentina averaged 195.66 percent from 1944 until 2020, reaching an all time high of 20262.80 percent in March of 1990 and a record low of -7 percent in February of 1954. The most important categories in the CPI basket in the Great Buenos Aires area are food and beverages (28.6 percent of the total weight), transport (10.4 percent) and clothing and footwear (10.4 percent). Housing and utilities (8.7 percent); health (8.2 percent); restaurants and hotels (8.1 percent); recreation and culture (7.4 percent); household maintenance and equipment (6.3 percent); alcoholic beverages and tobacco (3.8 percent); miscellaneous goods and services (3.6 percent); communication (2.9 percent) and education (1.6 percent) for the remaining. The CPI index has a base of 100 as of December of 2016 and covers the Buenos Aires metropolitan area and its 24 districts. This page provides the latest reported value for - Argentina Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Capacity Utilization in Argentina increased to 59.40 percent in February from 56.10 percent in January of 2020. Capacity Utilization in Argentina averaged 69.57 percent from 2002 until 2020, reaching an all time high of 84.10 percent in November of 2011 and a record low of 48.16 percent in January of 2002. This page provides - Argentina Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index CPI in Argentina increased to 305.55 points in March from 295.67 points in February of 2020. Consumer Price Index CPI in Argentina averaged 173.94 points from 2016 until 2020, reaching an all time high of 305.55 points in March of 2020 and a record low of 100 points in December of 2016. In Argentina, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. Beginning December of 2013, the Consumer Price Index is published for National Urban Areas, while before only Gran Buenos Aires Area was considered. This page provides the latest reported value for - Argentina Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

CPI Housing Utilities in Argentina increased to 324.37 points in March from 319.98 points in February of 2020. CPI Housing Utilities in Argentina averaged 203.98 points from 2016 until 2020, reaching an all time high of 324.37 points in March of 2020 and a record low of 100 points in December of 2016. This page provides - Argentina Cpi Housing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Argentina increased to 315.64 points in March of 2020 from 310.60 points in February of 2020. Cpi Transportation in Argentina averaged 180.08 points from 2016 until 2020, reaching an all time high of 315.64 points in March of 2020 and a record low of 100 points in December of 2016. This page provides - Argentina Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Expectations in Argentina increased to 40 percent in April from 30 percent in March of 2020. Inflation Expectations in Argentina averaged 26.40 Percent from 2009 until 2020, reaching an all time high of 40 Percent in March of 2019 and a record low of 20 Percent in July of 2009. In Argentina, inflation expectations refer to median one year ahead expected inflation rate. The expectations are based on the phone-based survey of approximately 800 adult people living in the biggest urban areas conducted in the first 10 days of the reference month. This page provides - Argentina Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Argentina decreased to 3175 USD Million in March from 3195 USD Million in February of 2020. Imports in Argentina averaged 1640.42 USD Million from 1957 until 2020, reaching an all time high of 7671 USD Million in August of 2011 and a record low of 36 USD Million in January of 1959. Argentina main imports are: intermediate goods (29 percent of total imports), parts and accessories for capital goods (20 percent), capital goods (19 percent), fuels and lubricants (13 percent) and motor vehicles (8 percent). Main import partners are: Brazil (29 percent of total imports), China (14 percent), United States (10 percent) and Germany (5 percent). Others include: Mexico, France, Italy, South Korea and Japan. This page provides the latest reported value for - Argentina Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Argentina recorded a government budget deficit of 124727.70 ARS Million in March of 2020. Government Budget Value in Argentina averaged -4051.34 ARS Million from 1993 until 2020, reaching an all time high of 25973.80 ARS Million in May of 2019 and a record low of -135316.20 ARS Million in December of 2018. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Argentina Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Economic Activity Index in Argentina decreased to -2.20 percent in February from -1.80 percent in January of 2020. Economic Activity Index in Argentina averaged 2.50 percent from 2005 until 2020, reaching an all time high of 18.80 percent in May of 2010 and a record low of -13.70 percent in May of 2009. In Argentina, the Monthly Economic Activity Estimator (EMAE) is a provisional indicator of the evolution of the GDP. Its calculation is structured in the aggregation of the added value at basic prices of each one of the economic activities plus the net taxes of subsidies to the products, using the weights of the national accounts. This page provides - Argentina Economic Activity Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Argentina decreased to 513 BBL/D/1K in January from 517 BBL/D/1K in December of 2019. Crude Oil Production in Argentina averaged 661.73 BBL/D/1K from 1994 until 2020, reaching an all time high of 855 BBL/D/1K in May of 1998 and a record low of 454 BBL/D/1K in April of 2017. This page provides the latest reported value for - Argentina Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Tax Revenue in Argentina decreased to 389660 ARS Million in April from 443637 ARS Million in March of 2020. Tax Revenue in Argentina averaged 72684.81 ARS Million from 1995 until 2020, reaching an all time high of 527300 ARS Million in January of 2020 and a record low of 2818.66 ARS Million in December of 2001. In Argentina, tax revenue is defined as the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes, taxes on the ownership and transfer of property, and other taxes. This page provides - Argentina Tax Revenue- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Argentina decreased 16.80 percent in March of 2020 over the same month in the previous year. Industrial Production in Argentina averaged 1.66 percent from 1995 until 2020, reaching an all time high of 24.60 percent in March of 2003 and a record low of -22.30 percent in March of 2002. In Argentina, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Argentina Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Car Production in Argentina decreased to 0 Units in April from 19164 Units in March of 2020. Car Production in Argentina averaged 36970.54 Units from 1996 until 2020, reaching an all time high of 81868 Units in August of 2011 and a record low of 0 Units in April of 2020. This page provides - Argentina Car Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Argentina stands at SD with n/a outlook. Moody's credit rating for Argentina was last set at Ca with negative outlook. Fitch's credit rating for Argentina was last reported at C with n/a outlook. DBRS's credit rating for Argentina is CC with under review outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Argentina thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Argentina as reported by major credit rating agencies.

Argentina recorded 5611 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Argentina reported 293 Coronavirus Deaths. This page includes a chart with historical data for Argentina Coronavirus Cases.

Argentina recorded 293 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Argentina reported 5611 Coronavirus Cases. This page includes a chart with historical data for Argentina Coronavirus Deaths.