Fiscal performance remains a critical pillar, with the government maintaining a primary fiscal surplus near 0.5% of GDP at the end of 2024, supported by improved export revenue. Exports for 2025 are forecast near USD 85.7 billion with imports slightly lower, contributing to a continued trade surplus reminiscent of the early 2000s sustained by commodity sectors such as energy and mining. These sectors, alongside Vaca Muerta’s shale gas development, remain strategic for growth and attracting foreign direct investment, which has committed over USD 12 billion under incentive schemes.
Complementing economic policies, Argentina’s National Innovation Strategy 2030 pursues strengthening scientific and technological capacities, focusing on artificial intelligence and sustainable technologies to enhance productivity and competitiveness. Despite positive signals, challenges include addressing inflation inertia, overcoming institutional bottlenecks, and mitigating external risks such as potential US trade tariffs and regional currency volatility. The gradual lifting of currency controls is anticipated post-2025 elections, contingent on IMF financing and economic stability. Overall, Argentina aims at combining fiscal prudence, export growth, and innovation-driven modernization to accelerate a sustainable recovery trajectory.
This article was curated and published as part of our South American energy market coverage.
