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Resumen Estadistico - 2014.T1
Resumen Estadistico - 2014.T1
NICOLAS CACHANOSKY
METROPOLITAN STATE UNIVERSITY OF DENVER
April, 2014
CONTENIDOS
Cuentas Nacionales
p. 2
p. 6
Sistema Financiero
p. 10
p. 14
Resumen Fiscal
p.15
p. 18
Internacional
p. 20
Fuentes
p. 25
Datos de Contacto
p. 26
RESUMEN ESTADISTICO
2014 | 1er Trimestre
2010
422.1
369.0
274.4
53.1
96.4
-4.3
2011
459.6
400.7
303.6
58.9
112.4
-12.4
2012
468.3
405.6
317.1
62.7
106.9
-12.6
54.7
59.0
57.1
69.5
53.3
65.9
2.5
392.8
1,442.7
1,342.6
-2.9
417.6
1,842.0
1,673.8
-5.8
419.3
2,164.2
1,937.6
Exportaciones
Importaciones
Discrepancia Estadstica
PBI Estimacin Privada
PBI Nominal
PBI Nominal Estimacion Priv.
2013
489.3
423.2
336.4
66.1
112.9
-16.5
54.5 Exportaciones
71.0 Importaciones
-9.6
432.3
2,632.7
2,325.7
Discrepancia Estadstica
PBI Estimacin Privada
PBI Nominal
PBI Nominal Estimacion Priv.
2011
8.9%
8.6%
10.6%
10.9%
16.6%
188.4%
2012
1.9%
1.2%
4.4%
6.5%
-4.9%
1.6%
2013
4.5%
4.3%
6.1%
5.4%
5.6%
31.0%
4.4%
17.8%
-6.7%
-5.2%
2.3%
7.7%
6.3%
27.7%
24.7%
0.4%
17.5%
15.8%
3.1%
21.6%
20.0%
600
500
Inversin
Discrepancia Estadstica
Gasto Publico
Exportaciones netas
20%
400
200
0
-100
Importaciones
PBI
Inversin
Consumo
Exportaciones
10%
300
100
Gasto Publico
0%
2010
2011
2012
2010
127.6
20.0
0.5
5.1
67.5
10.6
23.9
263.2
56.2
10.2
49.6
22.2
53.0
18.5
30.8
22.7
390.8
4.3
386.5
28.4
7.0
421.9
2011
137.1
19.6
0.5
4.9
75.0
11.0
26.1
287.3
64.5
11.0
54.2
26.9
55.7
19.2
32.2
23.6
424.4
5.5
418.9
32.2
8.5
459.6
2013
2012
134.5
17.3
0.5
5.0
74.7
11.6
25.4
299.2
65.7
11.1
56.9
32.2
55.9
20.0
33.5
23.9
433.7
6.9
426.8
33.3
8.2
468.3
2013
140.4
22.0
0.6
4.8
76.1
11.9
25.0
314.5
70.4
11.2
59.4
38.6
56.6
20.5
34.1
23.7
454.9
8.6
446.3
33.8
9.2
489.3
-10%
2011
2012
2011
7.4%
-2.0%
0.0%
-3.9%
11.1%
3.8%
9.2%
9.2%
14.8%
7.8%
9.3%
21.2%
5.1%
3.8%
4.5%
4.0%
8.6%
27.9%
8.4%
13.4%
21.4%
8.9%
2013
2012
-1.9%
-11.7%
0.0%
2.0%
-0.4%
5.5%
-2.7%
4.1%
1.9%
0.9%
5.0%
19.7%
0.4%
4.2%
4.0%
1.3%
2.2%
25.5%
1.9%
3.4%
-3.5%
1.9%
2013
4.4%
27.2%
20.0%
-4.0%
1.9%
2.6%
-1.6%
5.1%
7.2%
0.9%
4.4%
19.9%
1.3%
2.5%
1.8%
-0.8%
4.9%
24.6%
4.6%
1.5%
12.2%
4.5%
RESUMEN ESTADISTICO
2014 | 1er Trimestre
INDUSTRIA Y CONST.
EMAE
EMI
ISAC
IGA [OJF]
Indice Lider [UTDT]
EMAE
EMI
ISAC
IGA [OJF]
Indice Lider [UTDT]
2010
100
100
100
100
100
-
2011
106
103
103
103
92
5.9%
2.9%
2.6%
2.7%
-8.4%
2012
108
102
98
102
82
1.8%
-0.5%
-4.2%
-0.2%
-10.0%
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
111
100
103
104
91
2.9%
-2.7%
4.5%
1.8%
10.6%
-
Jan-14
110
100
101
104
90
-
Feb-14
112
100
98
104
87
1.3%
0.1%
-3.4%
0.2%
-3.2%
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
-4,300
12,200
-5,100
-10,700
-700
0
-5,900
-1,200
200
-4,900
-1,600
-11,800
2014
-
EMAE: Estimador Mensual de Actividad Econmica, EMI: Estimador Mensual Industrial (manufacturas), ISAC: Indicador Sintetico de la
Actividad de la Construccin. 2011 = 100
BALANCE DE PAGOS
Cuenta Corriente
Mercancias
Servicios
Rentras
Transferencias
Cuenta Capital
Cuenta Financiera
Sector Bancario
Sector Pblico no Financiero
Sector Privado no Financiero
Errores y Omisiones
Variacin de Reservas
2009
10,900
18,500
-1,300
-9,000
2,700
100
-9,400
-1,000
-700
-7,700
-300
1,300
2010
-800
14,300
-1,200
-13,500
-400
100
6,800
-2,700
2,500
7,000
-2,000
4,100
2011
-2,200
12,900
-2,200
-12,400
-500
100
1,600
5,000
-3,400
0
-4,200
-4,700
2012
0
15,400
-3,400
-11,500
-500
0
-600
-1,600
-3,600
4,600
-2,700
-3,300
En millones de USD.
VARIACION DE RESERVAS
15,000
Errores y Omisiones
10,000
Cuenta Financiera
5,000
Cuenta Capital
0
2009
-5,000
2010
2011
2012
2013
Cuenta Corriente
-10,000
Variacin de Reservas
-15,000
2005 T1
2006 T3
2008 T1
2009 T3
2011 T1
2012 T3
2002 T1
2003 T3
180
160
140
120
100
80
60
40
20
0
1990 T1
1991 T3
1993 T1
1994 T3
1996 T1
1997 T3
1999 T1
2000 T3
Jul-13
Jul-10
Jan-12
Jul-07
Jan-09
Jul-04
Jan-06
Jul-01
Jan-03
Jan-00
Jul-98
Jul-95
Jan-97
Jul-92
Jan-94
Jan-91
450
400
350
300
250
200
150
100
50
0
RESUMEN ESTADISTICO
2014 | 1er Trimestre
2009
55,700
9,300
21,200
18,700
6,500
38,700
8,700
12,600
2,600
7,200
7,600
1,600
37,100
18,600
-
2010
68,100
15,100
22,700
23,800
6,500
56,400
11,600
17,700
4,500
11,500
11,100
2,600
53,800
14,300
22%
62%
7%
27%
0%
46%
33%
40%
73%
60%
46%
63%
45%
-23%
2011
84,100
20,300
28,200
28,900
6,700
74,100
14,000
21,800
9,800
14,900
13,600
3,200
70,900
13,200
23%
34%
24%
21%
3%
31%
21%
23%
118%
30%
23%
23%
32%
-8%
Mar
Jun
Sep
Dec
2012
2013 2014-T1 2014-T2 2014-T3 2014-T4
81,000
83,100
19,100
19,300
27,500
30,100
27,500
28,400
6,900
5,300
58,600 130,200
11,800
12,800
20,000
19,600
9,300
11,400
14,500
15,400
3,000
71,000
3,000
3,100
55,600 127,100
25,400 -44,000
-4%
3%
-6%
1%
-2%
9%
-5%
3%
3%
-23%
-21%
122%
-16%
8%
-8%
-2%
-5%
23%
-3%
6%
-78%
2267%
-6%
3%
-22%
129%
92%
-273%
2014
-
2009
55,672
53,157
2,515
10,967
9,063
1,904
66,639
62,220
4,419
2010
68,134
67,445
689
13,648
10,540
3,108
81,782
77,985
3,797
2011
84,051
79,167
4,884
15,610
11,717
3,893
99,661
90,884
8,777
2012
80,927
80,772
155
15,107
10,059
5,048
96,034
90,831
5,204
2014
-
En millones de USD
EXPO. COMPARADAS
Export. de Bs. (INDEC)
Export. de Bs. (BCRA)
Diferencia
Export. de Serv. (INDEC)
Export. de Serv. (BCRA)
Diferencia
Export. De Bs. Y Serv. (INDEC)
Export. De Bs. Y Serv. (BCRA)
Diferencia
Diferencia
100,000
10,000
80,000
8,000
60,000
6,000
40,000
4,000
20,000
2,000
0
0
2009
2010
2011
2012
2013
Diferencia
150,000
15,000
100,000
10,000
50,000
5,000
0
0
2009
2010
2011
2012
2013
RESUMEN ESTADISTICO
2014 | 1er Trimestre
600,000
PBI-C
PBI
15%
500,000
10%
400,000
5%
300,000
0%
200,000
-5%
100,000
-10%
-15%
PBI-C
En millones de ARS.
160
EMI
ISAC
IGA
INDICE LIDER
140
120
100
80
60
40
20
Jul-12
Jan-13
Jul-13
Jan-14
Jun-12
Dec-12
Jun-13
Dec-13
Jul-11
Jan-12
Dec-11
Jul-10
Jan-11
Jan-10
Jul-09
Jul-08
Jan-09
Jul-07
Jan-08
Jul-06
Jan-07
Jul-05
Jan-06
Jan-05
Jul-04
Jul-03
Jan-04
Jul-02
Jan-03
Jul-01
Jan-02
Jul-00
Jan-01
Jan-00
Jul-99
Jul-98
Jan-99
Jan-98
90,000
IMPORTACIONES [FOB]
EXPORTACIONES NETAS
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
Jun-11
Dec-10
Jun-10
Jun-09
Dec-09
Jun-08
Dec-08
Jun-07
Dec-07
Jun-06
Dec-06
Dec-05
Jun-05
Dec-04
Jun-04
Dec-03
Jun-03
Dec-02
Jun-02
Dec-01
Jun-01
Dec-00
Jun-00
Dec-99
Jun-99
Dec-98
0
-10,000
RESUMEN ESTADISTICO
2014 | 1er Trimestre
RESERVAS
Reservas
Depsitos Bancarios
Depsitos del Gob. Nac.
Deuda Multilateral
CEDINES
Reservas Netas
Var. Reservas
Var. Reservas Netas
Var. Reservas (%)
Var. Reservas Netas (%)
2010
52,200
9,800
2,700
1,300
0
38,400
-
2011
46,400
5,700
700
5,300
0
34,700
-5,800
-3,700
-11.1%
-9.6%
2012
43,300
8,500
1,400
4,300
0
29,100
-3,100
-5,600
-6.7%
-16.1%
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
30,600
27,000
10,700
8,000
1,900
430
2,200
1,844
300
300
15,500
16,426
-12,700
-13,600
-29.3%
-46.7%
-
Feb-14
27,500
8,700
200
1,800
200
16,600
-
Mar-14
27,000
8,000
400
1,800
300
16,500
-500
-100
-1.8%
-0.6%
En millones de USD.
RESERVAS
RESERVAS NETAS
Reservas
60,000
0%
50,000
-5%
30,000
20,000
-10%
-15%
30,000
-20%
-20%
20,000
-30%
10,000
-40%
-25%
10,000
-30%
-35%
2010
2011
VARIACION DE RESERVAS
Variacin
Compra de Divisas
Organismos Internacionales
Otras Op. del Sector Pblico
Efectivo Mnimo
Otros
2012
2013
2010
4,200
11,800
300
-1,200
-900
-5,800
0%
40,000
-10%
40,000
Reservas Netas
50,000
-50%
2010
2011
-5,900
3,300
500
6,100
-6,400
-9,400
2012
-3,100
9,200
100
-3,400
900
-9,900
2011
2012
2013
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
-12,700
-3,592
-5,300
386
700
-355
1,100
-866
200
-2,857
-9,400
99
Feb-14
-200
1,660
-180
-120
-2,240
680
Mar-14
-540
480
-150
-490
-690
310
En millones de USD.
14,000
VARIACION DE RESERVAS
12,000
10,000
15,000
8,000
6,000
10,000
4,000
5,000
2,000
0
-2,000
2010
2011
2013
-5,000
Efectivo Mnimo
Organismos Internacionales
Compra de Divisas
Variacin
2010
2011
2012
2013
-10,000
-4,000
-15,000
-6,000
-8,000
2012
Otros
En millones de USD.
-20,000
En millones de USD.
RESUMEN ESTADISTICO
2014 | 1er Trimestre
2010
2011
2012
2013
88,600
84,200
99,900 110,500
46,200
67,100 127,700 182,600
64,000 110,700 164,700 279,700
110,200 177,800 292,400 462,300
-4,400
15,700
10,600
20,900
60,600
54,900
46,700
54,000 115,000
-5.0%
18.6%
10.6%
45.2%
90.3%
43.0%
73.0%
48.8%
69.8%
Mar
Jun
Sep
Dec
2014-T1 2014-T2 2014-T3 2014-T4
Feb-14 Mar-14
177,900
- 162,500 177,900
189,100
- 182,700 189,100
343,700
- 338,000 343,700
532,800
- 520,700 532,800
15,400
6,400
5,700
9.5%
3.5%
1.7%
En millones de ARS.
LEBACS
Lebacs
120,000
20%
500,000
100,000
15%
400,000
80,000
10%
60,000
5%
40,000
0%
20,000
-5%
-10%
2010
2011
En millones de ARS.
BASE MONETARIA
Variacin
Compra de divisas
Sector Pblico
Pases
Ttulos BCRA
Otros
2012
2013
2010
14,900
5,100
11,100
-800
-300
-200
2011
24,900
10,700
12,000
2,900
-300
-400
Prestamos al Tesoro
300,000
200,000
100,000
0
2010
2011
En millones de ARS.
2012
38,700
5,400
14,500
15,700
3,100
0
80%
70%
60%
50%
40%
30%
20%
10%
0%
2012
2013
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
40,400
4,200
-5,800
3,600
21,800
10,900
15,300 -18,200
6,300
9,000
2,800
-1,100
Feb-14
-19,100
12,900
-3,700
2,000
-27,300
-3,000
Mar-14
4,200
3,600
10,900
-18,200
9,000
-1,100
En millones de ARS.
12,000
Otros
10,000
8,000
50,000
6,000
40,000
4,000
Ttulos BCRA
Pases
Compra de divisas
Variacin
20,000
0
2010
2011
-4,000
2012
2013
10,000
0
-6,000
-8,000
Sector Pblico
30,000
2,000
-2,000
En millones de ARS.
-10,000
2010
2011
2012
2013
En millones de ARS.
RESUMEN ESTADISTICO
2014 | 1er Trimestre
BCRA | BALANCE
ACTIVOS
Reservas
Oro y divisas
Colocaciones real. en div
Otros
18,400
189,300
-200
Ttulos Pblicos
Adelantos T. al Gob. Nac.
Crditos al Sist. Financiero
Ap. a Org. Int. [x Gob. Nac.]
Otros
PASIVOS
Base Monetaria
45,100
154,300
200
24,800
187,900
200
30,000
169,000
500
45,900
170,100
300
37,300
179,500
1,900
45,900
170,100
2,700
364,600
182,700
4,900
22,300
25,400
635,000
344,800
364,300
189,100
4,900
27,800
46,800
741,800
349,000
270,200
74,600
266,200
82,800
Circulacin
Cuentas Corrientes en ARS
124,535
35,900
173,100
49,900
237,000
70,300
39,100
10,500
900
88,600
24,600
2,800
5,200
84,200
6,700
69,400
64,000
0
12,200
3,400
-4,000
1,400
1,700
99,900 110,500 177,900
88,600
0
84,200
0
36,165
38,600
3.9758
55,900
37,300
4.3032
Ttulos en ARS
Ttulos en USD
Otros
PATRIMONIO NETO
Tipo de Cambio
99,900
0
289,200
88,000
110,500
0
266,200
82,800
68,400
64,000
1,900
3,400
1,700
1,700
162,500 177,900
5,700
172,200
4,300
158,200
99,300
44,900 145,800
61,400 107,300 109,800
4.9173
6.5180
8.0098
5,700
172,200
55,700 145,800
183,600 109,800
7.8782
8.0098
En millones de ARS
ACTIVOS
800,000
PASIVOS
Reservas
Ttulos Pblicos
Base Monetaria
Otros
Titulos BCRA
Otros
800,000
600,000
600,000
400,000
400,000
200,000
200,000
0
2010
2011
En millones de ARS
2012
-200,000
2013
2010
2011
2012
2013
En millones de ARS
1,000,000
500,000
0
-500,000
Jan
Feb
Mar
Apr
May
Jun
Jul
Mar
Aug
Jun
Sep
Sep
Oct
Dec
Nov
Dec
2011
-1,000,000
2012
-1,500,000
2013
-2,000,000
2014
-2,500,000
-3,000,000
-3,500,000
En miles de USD
RESUMEN ESTADISTICO
2014 | 1er Trimestre
2010
2011
2012
38,600
37,300
61,400
46,200
67,100 127,700
64,000 110,700 164,700
-71,600 -140,500 -231,000
2013
107,300
182,600
279,700
-355,000
Mar
Jun
Sep
Dec
2014-T1 2014-T2 2014-T3 2014-T4
Feb-14 Mar-14
109,800
183,600 109,800
189,100
182,700 189,100
343,700
338,000 343,700
-423,000
-337,100 -423,000
En millones de ARS
EVOLUCION HISTORICA DE RESERVAS (MILES DE USD)
Reservas (USD)
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
Jan-14
Jan-13
Jan-12
Jan-11
Jan-10
Jan-09
Jan-08
Jan-07
Jan-06
Jan-05
Jan-04
Jan-03
Jan-02
Jan-01
Jan-00
Jan-99
Jan-98
$0
60,000,000
Reservas (USD)
20,000,000
15,000,000
50,000,000
10,000,000
40,000,000
5,000,000
30,000,000
20,000,000
-5,000,000
10,000,000
-10,000,000
-15,000,000
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
200,000,000
180,000,000
600,000,000
250%
500,000,000
200%
160,000,000
140,000,000
400,000,000
150%
120,000,000
100,000,000
80,000,000
300,000,000
100%
200,000,000
50%
100,000,000
0%
60,000,000
40,000,000
20,000,000
0
RESUMEN ESTADISTICO
2014 | 1er Trimestre
3 | SISTEMA FINANCIERO
AGREGADOS MONETARIOS
BM [Base Monetaria]
M2
Multiplicador [M2]
Var. BM
Var. M2
Var. BM (%)
Var. M2 (%)
Mar
Jun
Sep
Dec
2010
2011
2012
2013 2014-T1 2014-T2 2014-T3 2014-T4
Feb-14 Mar-14
160,400 222,900 307,400 377,200 349,000
344,800 349,000
317,600 392,400 530,000 662,400
605,400
1.98
1.76
1.72
1.76
1.76
62,500
84,500
69,800
4,200
74,800 137,600 132,400
39.0%
37.9%
22.7%
1.2%
23.6%
35.1%
25.0%
-
En miles de ARS
NIVEL Y VARICION DE LA BASE MONETARIA
Var. BM (%)
BM [Base Monetaria]
NIVEL Y VARICION DE M2
45%
700,000
350,000
40%
600,000
300,000
35%
400,000
200,000
150,000
25%
400,000
20%
300,000
15%
100,000
0
2010
2011
En miles de ARS
DEPOSITOS | NOMINAL
Depsitos [ARS]
Depsitos Sec. Pub.
Depsitos Gob. Nacional
Depsitos Provincias y Mun.
Depsitos Otros Entes Of.
Depsitos [USD]
Depsitos Sec. Pub.
Depsitos Gob. Nacional
Depsitos Provincias y Mun.
Depsitos Otros Entes Of.
2012
40%
35%
30%
25%
20%
15%
200,000
10%
50,000
M2
500,000
30%
250,000
Var. M2 (%)
5%
100,000
0%
2013
10%
5%
0%
2010
Mar En miles de
2011
Sep
2012
Dec
2013
2010
2011
2012
2013 2014-T1 2014-T2 2014-T3 2014-T4
Feb-14 Mar-14
316,000 410,200 562,700 717,400 723,700
516,000 516,000
108,000 139,700 180,900 224,000 220,800
13,100
13,100
58,300
35,500
14,200
87,300
40,500
11,900
101,700
59,800
19,400
119,000
79,300
25,700
135,900
83,600
1,300
9,400
2,400
1,300
9,400
2,400
1,300
502,900 502,900
61,200
56,800
81,600
8,400
76,700
73,400
110,000
10,400
103,100
100,900
164,300
13,500
125,200
132,400
218,600
17,200
118,400
129,200
238,300
17,000
118,400
129,200
238,300
17,000
118,400
129,200
238,300
17,000
63,917
17,400
57,314
5,000
49,012
9,800
55,800 814,200
10,700
13,100
69,200
13,100
69,200
13,100
15,600
1,000
800
2,900
1,300
800
7,600
1,500
700
9,400
2,400
1,300
9,400
2,400
1,300
9,400
2,400
1,300
46,517
52,314
39,212
45,100 801,100
17
19,800
24,600
2,100
14
23,100
26,800
2,400
12
15,300
21,500
2,400
7,500
1,900
1,300
56,100
56,100
0
17,000
25,700
2,400
0
22,800
30,500
747,800
0
22,800
30,500
2,800
0
22,800
30,500
2,800
0
0
0.0%
0.0%
10
RESUMEN ESTADISTICO
2014 | 1er Trimestre
3 | SISTEMA FINANCIERO
DEPOSITOS EN ARS
800,000
DEPOSITOS EN USD
Depsitos [ARS]
Depsitos [USD]
70,000
700,000
60,000
600,000
50,000
500,000
40,000
400,000
30,000
300,000
200,000
20,000
100,000
10,000
0
2010
2011
En miles de ARS
2012
0
2010
2011
En miles de ARS
2013
2012
DEPOSITOS | REAL
Depsitos en ARS
Depsitos Sector Publico
2010
100.0
100.0
2011
105.8
105.4
2012
115.6
108.8
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
114.8
102.8
104.9
91.7
100.0
100.0
100.0
122.0
93.0
68.3
113.3
109.4
88.7
103.2
113.0
91.5
100.0
106.0
119.2
102.1
105.3
109.9
100.9
109.4
115.3
130.7
104.4
PRESTAMOS | NOMINAL
Total [ARS]
Adelantos
Documentos
Hipotecarios
Prendarios
Personales
Tarjetas
Otros
Total [USD]
Adelantos
Documentos
Hipotecarios
Prendarios
Personales
Tarjetas
Otros
2013
Feb-14
75.7
5.6
Mar-14
73.3
5.4
104.6
105.7
4.1
7.5
3.1
4.2
7.2
3.0
4.1
120.0
108.5
112.1
108.5
103.5
117.9
135.5
103.5
86.8
102.1
131.0
90.8
89.7
105.4
135.4
93.8
86.8
102.1
131.0
90.8
Mar
Jun
Sep
Dec
2010
2011
2012
2013 2014-T1 2014-T2 2014-T3 2014-T4
Feb-14 Mar-14
161,700 241,000 339,200 457,100 475,200
475,100 475,200
22,000
30,900
47,300
56,700
62,400
60,700
62,400
33,800
51,100
76,200 111,400 110,600
112,900 110,600
19,900
26,800
34,500
43,100
44,600
44,300
44,600
9,400
16,400
22,100
31,300
32,400
32,400
32,400
39,400
58,100
75,100
98,500 101,400
101,100 101,400
26,400
39,900
56,400
80,700
88,200
88,200
88,200
10,800
17,800
27,600
35,400
35,600
35,500
35,600
7,200
9,500
5,500
3,700
3,600
3,600
3,600
100
100
100
0
100
0
100
6,300
8,100
4,500
2,800
2,700
2,700
2,700
200
200
200
100
100
100
100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
200
200
400
300
400
300
500
900
500
400
400
400
400
11
RESUMEN ESTADISTICO
2014 | 1er Trimestre
3 | SISTEMA FINANCIERO
Mar
500,000
10,000
400,000
8,000
300,000
6,000
200,000
4,000
100,000
2,000
0
2010
2011
PRESTAMOS [REAL]
Total [ARS]
Adelantos
Documentos
Hipotecarios
Prendarios
Personales
Tarjetas
Otros
2012
2010
100
100
100
100
100
100
100
100
0
2010
2013
Jun
Sep
Dec
2011
2012
2013
2011
121
114
123
110
142
120
123
134
2012
136
140
146
113
153
124
139
166
Feb-14
136
128
155
103
160
119
155
152
Mar-14
132
127
147
101
155
115
150
148
2011
9.50
14.54
18.75
14.30
2012
9.50
13.70
15.37
14.97
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
9.50
9.50
17.67
21.41
20.18
26.17
17.79
30.40
Feb-14
9.50
20.99
25.58
30.36
Mar-14
9.50
21.41
26.17
30.40
TASAS [ARS]
Pases Pasivos, BCRA
Plazo Fijo (30-44D)
BADLAR Bcos. Privados
Lebac 12M
10
9
8
7
6
5
4
3
2
1
0
2010
25
2010
9.50
9.56
11.08
12.81
PASES PASIVOS
2011
2012
2013
20
18
16
14
12
10
8
6
4
2
0
2010
2013
20
18
16
14
12
10
8
6
4
2
0
2010
20
15
10
5
0
2010
2011
2012
2011
2012
2013
LEBAC 12M
2011
2012
2013
12
Jan-98
Jun-98
Nov-98
Apr-99
Sep-99
Feb-00
Jul-00
Dec-00
May-01
Oct-01
Mar-02
Aug-02
Jan-03
Jun-03
Nov-03
Apr-04
Sep-04
Feb-05
Jul-05
Dec-05
May-06
Oct-06
Mar-07
Aug-07
Jan-08
Jun-08
Nov-08
Apr-09
Sep-09
Feb-10
Jul-10
Dec-10
May-11
Oct-11
Mar-12
Aug-12
Jan-13
Jun-13
Nov-13
Jan-98
Jun-98
Nov-98
Apr-99
Sep-99
Feb-00
Jul-00
Dec-00
May-01
Oct-01
Mar-02
Aug-02
Jan-03
Jun-03
Nov-03
Apr-04
Sep-04
Feb-05
Jul-05
Dec-05
May-06
Oct-06
Mar-07
Aug-07
Jan-08
Jun-08
Nov-08
Apr-09
Sep-09
Feb-10
Jul-10
Dec-10
May-11
Oct-11
Mar-12
Aug-12
Jan-13
Jun-13
Nov-13
800,000,000
180
80,000,000
Jan-98
Jun-98
Nov-98
Apr-99
Sep-99
Feb-00
Jul-00
Dec-00
May-01
Oct-01
Mar-02
Aug-02
Jan-03
Jun-03
Nov-03
Apr-04
Sep-04
Feb-05
Jul-05
Dec-05
May-06
Oct-06
Mar-07
Aug-07
Jan-08
Jun-08
Nov-08
Apr-09
Sep-09
Feb-10
Jul-10
Dec-10
May-11
Oct-11
Mar-12
Aug-12
Jan-13
Jun-13
Nov-13
RESUMEN ESTADISTICO
2014 | 1er Trimestre
3 | SISTEMA FINANCIERO
700,000,000
600,000,000
500,000,000
400,000,000
300,000,000
200,000,000
100,000,000
160
140
120
100
80
60
40
20
DEPOSITOS EN USD
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000
10,000,000
13
RESUMEN ESTADISTICO
2014 | 1er Trimestre
2011
17.3%
9.5%
22.7%
4.3032
4.7400
10.2%
8.2%
15.4%
20.0%
10
10.0%
40%
20%
2012
Jan-14
0%
Sep-13
2013
INFLACION ACUMULADA
2011
30%
100%
60%
Jan-13
May-13
2012
TC Blue
Sep-12
2011
TC
80%
Jan-10
May-10
0.0%
2010
Brecha
15
Jan-12
May-12
30.0%
IPC [Congreso]
Sep-11
IPC [oficial]
Jan-11
May-11
2010
15.4%
10.9%
25.3%
3.9758
4.1075
3.3%
-
Sep-10
INFLACION
Deflactor del PBI
IPC [oficial]
IPC [Congreso]
TC [oficial]
TC [blue]
Spread
Deval. TC [oficial]
Deval. TC [blue]
2013
2014
BM
600
20%
400
10%
200
M2
IPC-C
0
Jan-98
Feb-99
Mar-00
Apr-01
May-02
Jun-03
Jul-04
Aug-05
Sep-06
Oct-07
Nov-08
Dec-09
Jan-11
Feb-12
Mar-13
0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010
30.0
35.1
2011
25.0
34.4
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
30.0
30.0
30.0
30.0
30.0
35.3
38.6
37.5
37.5
37.5
2012
30.0
37.2
Feb-14
35.0
41.3
Mar-14
30.0
38.6
50
Promedio
40
30
20
10
Mar-14
Dec-13
Sep-13
Jun-13
Mar-13
Dec-12
Sep-12
Jun-12
Dec-11
Mar-12
Sep-11
Jun-11
Mar-11
Dec-10
Jun-10
Sep-10
Mar-10
Sep-09
Dec-09
Jun-09
Dec-08
Mar-09
Sep-08
Jun-08
Mar-08
Dec-07
Jun-07
Sep-07
Mar-07
Dec-06
14
RESUMEN ESTADISTICO
2014 | 1er Trimestre
2010
409,900
252,900
76,700
116,400
26,900
32,900
100,100
37,600
54,700
7,800
56,900
11,200
45,500
200
-
2011
540,200
337,100
108,600
154,200
36,200
38,100
134,200
51,500
75,300
7,400
68,900
14,400
54,200
300
130,300
84,200
34,100
12,000
31.8%
33.3%
34.1%
21.1%
2012
679,600
426,200
138,400
190,500
43,900
53,400
175,500
69,500
101,000
5,000
77,900
16,300
61,300
300
139,400
89,100
41,300
9,000
25.8%
26.4%
30.8%
13.1%
2010
100
100
100
100
100
100
100
100
100
100
100
100
100
100
2011
107
109
115
108
110
94
109
112
112
77
99
105
97
122
2012
108
109
117
106
106
105
114
120
120
42
89
95
87
97
Mar-14
Jun-14
Sep-14 Dec-14
2014-T1 2014-T2 2014-T3 2014-T4
393,400
303,100
51,300
77,400
14,500
159,900
70,100
28,100
41,000
1,000
20,200
6,800
13,300
100
-
Feb-14
81,170
53,960
18,010
24,670
5,630
5,650
21,010
8,360
12,300
350
6,200
2,210
3,950
40
-
Mar-14
78,700
50,370
14,940
25,530
5,260
4,640
20,880
8,330
12,200
350
7,450
2,070
5,340
40
-2,470
-3,590
-130
1,250
-3.0%
-6.7%
-0.6%
20.2%
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
106
43
110
54
121
30
108
30
106
24
94
218
116
31
123
34
123
34
30
6
70
16
104
27
62
13
101
22
Feb-14
-
Mar-14
-
2013
858,700
550,000
183,600
249,000
56,500
60,900
229,700
91,600
133,500
4,600
79,000
23,100
55,500
400
179,100
123,800
54,200
1,100
26.4%
29.0%
30.9%
101.4%
En millones de ARS.
Total
Impuestos
Seguridad Social
Comercio Exterior
800,000
80%
600,000
60%
400,000
40%
200,000
20%
0
2010
2011
2012
Impuestos
Seguridad Social
2010
2011
Comercio Exterior
100%
2013
0%
2012
2013
15
RESUMEN ESTADISTICO
2014 | 1er Trimestre
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
717,860 136,190
404,460
78,120
229,890
49,340
59,260
4,870
24,250
3,860
691,650 131,390
137,440
28,710
272,070
49,250
198,350
40,270
2010
350,290
206,250
100,960
32,130
10,950
301,780
63,440
107,070
101,990
2011
434,790
264,010
133,680
23,390
13,710
412,010
81,890
147,090
133,950
2012
550,190
329,550
174,390
28,760
17,490
544,180
104,210
204,620
155,970
25,600
75,890
500
29,370
103,590
990
35,470
119,470
1,030
43,090
154,110
1,150
29,280
48,510
190
45,640
3,060
49,080
22,780
60
53,510
-30,670
79,380
6,010
210
61,780
-55,560
83,790
26,210
60
90,750
-64,480
2010
-
2011
24.1%
28.0%
32.4%
-27.2%
25.2%
36.5%
29.1%
37.4%
31.3%
2012
26.5%
24.8%
30.5%
23.0%
27.6%
32.1%
27.3%
39.1%
16.4%
Al Sector Pblico
Al Sector Privado
Otros
14.7%
36.5%
98.0%
20.8%
15.3%
4.0%
21.5%
29.0%
11.7%
Otros
Resultado Operativo
Recursos de Capital
Gastos de Capital
Resultado Financiero
67.6%
-53.0%
17.2%
-1102%
61.7%
-73.6%
15.5%
81.2%
5.6%
336.1%
46.9%
16.1%
Al Sector Pblico
Al Sector Privado
Otros
Otros
Resultado Operativo
Recursos de Capital
Gastos de Capital
Resultado Financiero
Jan-14
73,330
40,020
28,240
3,120
1,950
68,030
14,860
24,820
19,970
Feb-14
62,870
38,100
21,100
1,750
1,920
63,340
13,850
24,430
20,290
7,970
32,170
130
3,950
15,930
90
4,020
16,230
40
13,160
4,800
0
15,620
-10,820
8,380
5,300
0
8,330
-3,030
4,770
-470
0
7,300
-7,770
Jan-14
-
Feb-14
-14.3%
-4.8%
-25.3%
-43.9%
-1.5%
-6.9%
-6.8%
-1.6%
1.6%
1.8%
1.9%
-55.6%
- -43.1%
- -108.9%
- -12.4%
- 156.4%
En millones de ARS.
BASE CAJA
800,000
Ingresos Corrientes
Resultado Operativo
Gastos Corrientes
Resultado Financiero
600,000
400,000
200,000
0
2010
-200,000
2011
2012
2013
16
RESUMEN ESTADISTICO
2014 | 1er Trimestre
Mar
Jun
Sep
Dec
2013 2014-T1 2014-T2 2014-T3 2014-T4
104
17
99
17
115
22
93
7
112
16
116
20
110
20
128
21
98
18
2010
100
100
100
100
100
100
100
100
100
2011
101
104
108
59
102
111
105
112
107
2012
102
104
112
58
104
117
107
124
99
Al Sector Pblico
Al Sector Privado
Otros
100
100
100
94
111
161
90
102
134
85
103
116
Otros
Resultado Operativo
Recursos de Capital
Gastos de Capital
Resultado Financiero
100
100
100
100
100
137
38
26
96
-817
176
8
72
88
-1,179
145
27
16
101
-1,066
Jan-14
10
9
14
5
9
11
11
11
9
Feb-14
8
9
10
3
8
10
10
11
9
14
19
12
7
10
9
7
10
4
20
4
0
15
-159
14
5
0
9
-48
8
0
0
7
-118
Jan-14
-3,030
-9,300
-3,100
-15,430
-2.8%
-5.6%
Feb-14
-7,770
-9,300
-4,900
-21,970
-2.8%
-5.6%
2010
3,060
-16,100
-32,100
-45,140
0.2%
-3.1%
En millones de pesos. El deficit fiscal sobre el PBI Nominal es en base a las estimaciones del Congreso Nacional.
RESULTADO FINANCIERO | VALORES
Resultado Financiero
50,000
0
2010
-50,000
2011
2012
2%
0%
2013
2010
2011
2012
2013
-2%
-100,000
-150,000
-4%
-200,000
-6%
PRESION FISCAL | % PBI NOMINAL
Presin Fiscal [PBI oficial]
PRESION FISCAL
Presin Fiscal [PBI oficial]
Nacin
Impuesto Inflacionario
Presin Fiscal [PBI privado]
Nacin
Impuesto Inflacionario
2010
30.9%
28.4%
2.5%
33.2%
30.5%
2.7%
2011
31.7%
29.3%
2.4%
34.9%
32.3%
2.6%
2012
34.5%
31.4%
3.1%
38.6%
35.1%
3.5%
50%
40%
30%
20%
10%
0%
2010
2011
2012
17
RESUMEN ESTADISTICO
2014 | 1er Trimestre
6 | MERCADO LABORAL
DESEMPLEO
Total
Total sin GBA
Regin Gran Buenos Aires
Ciudad de Buenos Aires
Partidos del GBA
Regin Cuyo
Gran Mendoza
Gran San Juan
San Luis [El Chorrillo]
Regin Noreste
Corrientes
Formosa
Gran Resistencia
Posadas
Regin Noroeste
Gran Catamarca
Gran Tucumn [Taf Viejo]
Jujuy [Palpal]
La Rioja
Salta
Sgo. del Estero [La Banda]
Regin Pampeana
Baha Blanca [Cerri]
Concordia
Gran Crdoba
Gran La Plata
Gran Rosario
Gran Paran
Gran Santa Fe
Mar del Plata [Batn]
Ro Cuarto
Santa Rosa [Toay]
S. Nicols [V. Constitucin]
Regin Patagnica
Com. Rivadavia [Rada Tilly]
Neuqun [Plottier]
Ro Gallegos
Ushuaia [Ro Grande]
Rawson [Trelew]
Viedma [C. de Patagones]
2008
7.3
6.9
7.7
5.5
8.5
4.3
4.0
6.3
1.1
3.4
5.6
2.3
2.4
2.2
8.2
8.4
9.7
4.3
6.4
11.9
3.1
7.9
9.8
5.5
7.6
7.4
7.7
5.8
9.1
10.1
5.8
3.9
8.4
5.0
3.7
6.0
2.3
4.3
4.1
9.8
2009
8.4
7.5
9.1
7.8
8.7
5.8
5.8
7.0
2.7
4.9
6.7
2.0
4.0
5.9
9.3
10.2
11.8
6.7
8.4
9.8
5.2
9.3
11.0
7.5
9.1
6.8
10.8
8.6
11.9
8.7
8.1
3.0
8.9
7.2
5.6
7.2
2.7
8.7
8.3
11.5
2010
7.3
6.4
8.0
6.2
8.7
4.2
3.8
6.7
0.8
3.0
3.7
2.3
0.9
5.0
6.6
8.5
5.6
4.1
6.8
9.2
5.5
7.6
6.9
4.2
7.5
5.7
7.8
11.0
8.8
8.7
8.7
2.3
7.8
5.3
3.6
5.6
2.5
7.3
7.0
5.2
2011
6.7
5.6
7.7
5.8
8.3
3.0
3.0
3.6
1.3
3.4
5.8
2.2
3.7
0.9
5.3
7.5
3.1
5.4
3.4
7.9
6.3
6.9
7.8
5.1
6.1
5.6
8.1
8.5
5.7
7.7
7.6
1.8
8.8
4.9
2.9
7.1
2.1
5.0
5.6
3.4
2012
6.9
5.8
7.7
7.4
7.9
3.9
3.6
5.5
2.0
2.6
2.5
2.0
2.1
3.6
5.3
6.2
3.9
4.2
3.9
7.2
6.7
7.3
6.6
2.9
7.7
4.9
8.6
7.8
6.9
9.5
6.2
1.4
6.1
4.1
4.2
3.2
4.1
4.9
3.7
6.4
2010
100.0
100.0
2011
76.5
88.1
2012
56.3
88.7
Jan-14
47.9
84.2
Feb-14
48.7
83.9
18
Jan-00
100
50
0
Jun-10
Jan-10
Aug-09
Mar-09
Oct-08
May-08
Dec-07
Jul-07
Feb-07
Sep-06
Apr-06
Nov-05
Jul-12
Dec-12
May-13
Oct-13
Jul-12
Dec-12
May-13
Oct-13
Feb-12
150
Sep-11
200
Feb-12
250
Apr-11
300
Sep-11
350
Nov-10
400
Apr-11
Nov-10
Jun-10
Jan-10
Aug-09
Mar-09
Oct-08
May-08
Dec-07
Jul-07
Feb-07
Sep-06
Apr-06
Jun-05
Jan-05
Aug-04
Mar-04
Oct-03
May-03
Dec-02
Jul-02
Feb-02
Sep-01
Apr-01
Nov-00
20
Nov-05
Jun-05
Jan-05
Aug-04
Jan-00
Jun-00
120
Mar-04
450
Oct-03
May-03
Dec-02
Jul-02
Feb-02
Sep-01
Apr-01
Nov-00
Jun-00
RESUMEN ESTADISTICO
2014 | 1er Trimestre
6 | MERCADO LABORAL
18
16
14
12
10
0
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
100
80
60
40
20
19
RESUMEN ESTADISTICO
2014 | 1er Trimestre
7 | INTERNACIONAL
2003
1.8
8.8
8.8
1.1
4.0
3.9
1.4
4.3
4.0
0.8
-7.8
1.5
0.9
-0.4
3.7
0.0
3.1
3.9
7.3
3.9
10.0
7.9
1.7
2.8
2.1
2.8
2004
5.8
9.0
9.0
5.7
6.0
5.3
4.3
4.1
5.0
5.0
18.3
2.6
2.5
1.2
4.2
1.7
3.3
3.2
7.6
4.9
10.1
7.9
2.4
3.8
3.2
4.1
2005
4.3
9.2
9.2
3.2
5.6
4.7
3.0
2.1
6.8
7.5
10.3
2.2
1.8
0.7
6.1
0.9
3.6
3.2
8.8
4.4
11.3
9.3
1.3
3.4
2.7
3.6
2006
5.3
8.5
8.5
4.0
4.4
6.7
5.0
4.8
7.7
4.1
9.9
3.4
2.5
3.7
5.5
2.2
4.1
2.8
8.7
5.2
12.7
9.3
1.7
2.7
3.0
4.1
2007
5.4
8.7
8.7
6.1
5.2
6.9
3.1
5.4
8.9
6.5
8.8
3.2
2.3
3.3
5.0
1.7
3.5
3.4
9.0
6.1
14.2
9.8
2.2
1.8
2.6
4.0
2008
3.9
6.8
3.7
5.2
3.3
3.5
1.4
6.4
9.8
7.2
5.3
0.4
-0.1
1.1
-2.2
-1.2
0.9
-0.8
3.9
3.0
9.6
3.9
-1.0
-0.3
0.1
1.4
2009
-1.6
0.9
-3.1
-0.3
-1.0
1.7
-4.7
-4.0
0.9
2.2
-3.2
-4.5
-3.1
-5.1
-6.4
-5.5
-3.8
-5.2
7.7
0.4
9.2
8.5
-5.5
-2.8
-3.6
-2.1
2010
5.6
9.2
8.8
7.5
5.8
4.0
5.1
13.1
8.8
8.9
-1.5
2.1
1.7
4.0
-1.1
1.7
-0.2
1.7
9.1
6.9
10.4
10.3
4.7
2.5
2.9
4.1
2011
4.2
8.9
6.3
2.7
5.9
6.6
4.0
4.3
6.9
6.5
4.2
1.6
2.0
3.3
2.2
0.5
0.1
1.1
6.3
3.9
9.3
6.6
-0.6
1.8
1.7
2.9
2012
2.9
1.9
0.4
0.9
5.6
4.2
3.8
-1.2
6.3
3.9
5.6
-0.4
0.0
0.7
0.2
-2.5
-1.6
0.3
4.9
4.3
7.8
4.7
2.0
2.8
1.5
2.4
2003
8,300
9,300
8,000
11,700
6,800
11,500
4,500
5,800
8,500
7,800
25,700
28,600
30,500
36,500
28,000
26,300
31,600
1,800
6,000
3,400
2,000
29,400
42,100
28,500
8,300
2004
8,700
10,000
8,300
12,200
7,100
11,800
4,500
6,000
9,000
9,100
26,300
29,100
30,900
37,300
28,200
26,700
32,400
2,000
6,300
3,700
2,100
30,100
43,300
29,300
8,700
2005
9,000
10,800
8,500
12,800
7,300
12,000
4,600
6,300
9,600
9,900
26,800
29,500
31,100
38,800
28,300
27,200
33,200
2,100
6,700
4,100
2,200
30,400
44,300
29,900
8,900
2006
9,400
11,700
8,700
13,200
7,700
12,500
4,700
6,800
10,000
10,700
27,600
30,000
32,300
39,800
28,700
27,900
33,900
2,200
7,100
4,600
2,400
31,000
45,100
30,600
9,300
2007
9,800
9,200
13,700
8,100
12,700
4,900
7,300
10,600
11,400
28,500
30,500
33,400
40,600
29,000
28,300
34,800
2,400
7,600
5,200
2,600
31,600
45,400
31,200
9,600
2008
10,100
9,600
14,100
8,200
12,700
5,100
7,900
11,400
11,800
28,500
30,300
33,800
38,900
28,500
28,100
34,300
2,500
8,000
5,700
2,700
31,300
44,900
31,000
9,800
2009
9,800
9,500
13,800
8,200
12,000
4,800
7,900
11,600
11,200
27,200
29,200
32,200
36,100
26,700
26,800
32,200
2,600
8,100
6,200
2,900
29,600
43,200
29,700
9,600
2010
10,300
10,100
14,400
8,400
12,400
5,300
8,500
12,600
10,900
27,600
29,500
33,500
35,500
27,100
26,600
32,500
2,800
8,700
6,800
3,100
31,000
44,000
30,400
10,000
2011
10,700
10,300
15,100
8,900
12,700
5,400
9,000
13,300
11,200
28,000
30,000
34,600
36,100
27,100
26,500
32,600
3,000
9,200
7,400
3,300
30,800
44,400
30,800
10,200
2012
10,900
10,300
15,800
9,100
13,100
5,300
9,400
13,800
11,600
28,000
29,800
35,500
36,100
26,900
26,100
32,500
3,100
9,600
8,000
3,400
31,400
45,300
31,200
10,400
20
RESUMEN ESTADISTICO
2014 | 1er Trimestre
7 | INTERNACIONAL
CRECIMIENTO % M2
Argentina [oficial]
Brazil
Chile
Colombia
Mexico
Paraguay
Peru
Uruguay
Venezuela, RB
Francia
Alemania
Irlanda
Italia
Espaa
Reino Unido
China
India
Japn
United States
2003
29.6
20.5
-0.5
10.6
9.3
10.9
-2.1
15.2
64.1
8.4
2.4
22.5
4.1
13.6
9.8
19.2
13.0
0.5
4.5
2004
21.4
16.6
9.6
19.2
13.0
15.1
3.3
-3.0
40.1
7.8
3.8
37.7
7.4
19.4
9.8
14.9
16.7
0.6
5.7
2005
21.5
18.5
11.2
17.6
10.0
11.1
17.1
0.0
52.4
7.1
4.0
36.6
8.3
29.7
13.8
16.7
15.6
0.5
8.2
2006
20.3
18.0
19.2
18.0
6.7
10.7
12.1
11.6
75.3
9.6
4.1
22.7
9.8
27.2
14.1
22.1
21.6
-0.7
9.0
2007
24.5
18.7
18.8
17.4
10.1
29.9
24.1
3.8
28.8
13.2
5.4
6.3
18.4
19.2
15.8
16.7
22.3
0.6
11.7
2008
8.1
17.8
0.2
18.5
8.9
34.6
22.9
28.6
26.0
7.9
4.7
-15.6
12.4
8.6
17.8
17.8
20.5
0.7
8.2
2009
17.0
16.3
-4.7
8.1
11.5
21.0
2.7
-2.6
28.8
1.5
-1.3
0.6
7.9
4.1
-0.1
28.4
18.0
2.1
5.1
2010
33.1
15.8
7.7
11.5
12.8
19.0
21.7
22.1
28.0
5.7
0.1
-19.7
10.5
0.8
4.0
18.9
17.8
2.0
-2.7
2011
26.0
18.5
22.9
18.9
10.0
16.1
9.6
18.0
54.5
9.1
1.5
-9.8
2.6
-3.3
-4.4
17.3
16.1
2.9
6.7
2012
34.8
15.9
10.3
16.1
10.1
11.8
13.8
10.0
56.4
1.1
-0.9
-3.5
6.6
-6.9
0.8
14.4
11.0
2.2
4.9
INFLACION | DEFLACTOR
Latino America y Caribe
Argentina
Brazil
Chile
Colombia
Mexico
Paraguay
Peru
Uruguay
Venezuela, RB
Unin Europea
Francia
Alemania
Irlanda
Italia
Espaa
Reino Unido
Asia, Sur
Asia, Este y Pacfico
China
India
Japn
United States
OECD
Mundo
2003
5.4
10.5
13.7
5.9
6.8
6.0
12.2
2.8
16.5
34.9
3.1
2.0
1.1
3.7
3.1
4.2
2.2
4.2
2.6
2.6
3.9
-1.7
2.0
2.8
3.7
2004
6.3
9.2
8.0
7.5
7.3
7.6
9.0
6.2
10.1
34.0
2.5
1.7
1.1
2.4
2.4
4.0
2.4
5.0
4.0
6.9
5.7
-1.4
2.7
2.6
5.6
2005
5.8
8.8
7.2
7.6
5.6
5.3
10.1
3.0
0.7
29.6
2.5
1.9
0.6
2.4
1.8
4.3
2.0
6.0
4.2
3.9
4.2
-1.3
3.2
2.4
5.3
2006
5.8
13.4
6.2
12.8
5.8
5.8
6.1
7.2
6.5
17.9
2.8
2.1
0.3
3.3
1.7
4.1
2.9
7.3
4.2
3.8
6.4
-1.1
3.1
2.7
5.5
2007
6.6
14.3
5.9
4.8
5.0
5.0
9.8
2.2
9.4
15.4
3.2
2.6
1.6
1.7
2.4
3.3
2.3
7.1
4.5
7.6
5.8
-0.9
2.7
2.9
5.6
2008
7.9
19.1
8.3
0.5
7.6
6.0
9.3
2.5
8.0
30.1
3.0
2.5
0.8
-2.9
2.5
2.4
3.2
8.7
6.3
7.8
8.7
-1.3
2.0
2.8
7.9
2009
3.0
10.0
7.2
3.8
3.4
3.5
2.0
2.6
4.9
7.8
1.3
0.7
1.2
-3.8
2.1
0.1
2.2
6.3
1.3
-0.6
6.1
-0.5
0.8
1.3
2.3
2010
4.7
15.4
8.2
8.8
3.9
4.1
6.1
4.3
4.8
45.9
1.0
1.0
1.0
-1.5
0.4
0.1
3.1
8.1
3.6
6.7
9.0
-2.2
1.2
1.2
4.3
2011
5.7
17.3
7.0
3.4
7.0
4.9
9.8
4.8
8.0
28.1
2.0
1.3
1.2
0.7
1.4
0.0
2.3
8.7
4.0
7.8
8.5
-1.9
2.0
1.9
5.6
2012
3.6
15.3
5.3
1.8
2.6
3.6
4.6
1.6
8.8
14.1
1.7
1.5
1.5
0.7
1.7
0.0
1.7
6.9
1.9
1.8
7.2
-0.9
1.7
1.7
3.2
21
RESUMEN ESTADISTICO
2014 | 1er Trimestre
7 | INTERNACIONAL
Dec-03
Dec-04
Dec-05
Dec-06
Dec-07
Dec-08
Dec-09
Dec-10
Dec-11
Dec-12
INFLACION | IPC
Latino America y Caribe
Argentina [oficial]
Argentina [Congreso]
Brazil
Chile
Colombia
Mexico
Paraguay
Peru
Uruguay
Venezuela, RB
Unin Europea
Francia
Alemania
Irlanda
Italia
Espaa
Reino Unido
Asia, Sur
Asia, Este y Pacfico
China
India
Japn
United States
OECD
Mundo
2003
4.5
3.7
3.7
14.7
7.1
4.5
14.2
2.3
19.4
2.1
2.1
1.0
3.5
2.7
3.0
1.4
4.7
2.5
1.2
3.8
-0.2
2.3
2.1
3.3
2004
4.4
6.1
6.1
6.6
5.9
4.7
4.3
3.7
9.2
2.3
2.1
1.7
2.2
2.2
3.0
1.3
7.5
3.0
3.9
3.8
0.0
2.7
2.2
3.6
2005
4.7
12.3
12.3
6.9
5.0
4.0
6.8
1.6
4.7
2.5
1.7
1.5
2.4
2.0
3.4
2.0
7.0
2.9
1.8
4.2
-0.3
3.4
2.3
4.1
2006
4.3
9.8
9.8
4.2
4.3
3.6
9.6
2.0
6.4
2.6
1.7
1.6
3.9
2.1
3.5
2.3
7.0
3.7
1.5
6.1
0.2
3.2
2.3
4.4
2007
5.5
8.5
25.7
3.6
5.5
4.0
8.1
1.8
8.1
2.6
1.5
2.3
4.9
1.8
2.8
2.3
7.5
4.2
4.8
6.4
0.1
2.9
2.4
5.0
2008
8.4
7.2
23.0
5.7
7.0
5.1
10.2
5.8
7.9
4.2
2.8
2.6
4.1
3.4
4.1
3.6
11.6
7.7
5.9
8.4
1.4
3.8
4.1
9.0
2009
2.8
7.7
14.8
4.9
4.2
5.3
2.6
2.9
7.1
27.1
1.0
0.1
0.3
-4.5
0.8
-0.3
2.2
4.9
1.4
-0.7
10.9
-1.3
-0.4
0.9
2.9
2010
3.9
10.9
25.3
5.0
1.4
2.3
4.2
4.7
1.5
6.7
28.2
1.7
1.5
1.1
-0.9
1.5
1.8
3.3
7.6
3.1
3.3
12.0
-0.7
1.6
1.8
3.5
2011
5.1
9.5
22.7
6.6
3.3
3.4
3.4
8.3
3.4
8.1
26.1
3.3
2.1
2.1
2.6
2.7
3.2
4.5
9.9
5.3
5.4
8.9
-0.3
3.2
3.3
5.0
2012
4.1
10.8
25.5
5.4
3.0
3.2
4.1
3.7
3.7
8.1
21.1
2.7
2.0
2.0
1.7
3.0
2.4
2.8
9.4
2.7
2.7
9.3
0.0
2.1
2.5
3.7
DESEMPLEO
Latino America y Caribe
Argentina
Brazil
Chile
Colombia
Mexico
Paraguay
Peru
Uruguay
Venezuela, RB
Unin Europea
Francia
Alemania
Irlanda
Italia
Espaa
Reino Unido
Asia, Sur
Asia, Este y Pacfico
China
India
Japn
United States
OECD
Mundo
2003
9.0
16.1
9.7
8.5
12.0
3.0
7.9
6.4
8.1
16.8
9.0
8.6
9.3
4.5
8.9
11.5
4.9
4.5
4.9
4.3
4.1
5.2
6.1
7.0
6.4
2004
8.3
12.6
8.9
8.8
11.9
3.7
7.4
5.2
9.2
15.0
9.2
9.2
10.3
4.5
7.9
11.1
4.7
4.3
4.9
4.3
3.9
4.7
5.6
6.9
6.3
2005
8.0
10.6
9.3
8.0
11.3
3.5
5.8
5.2
8.9
11.4
8.9
8.9
11.1
4.3
7.7
9.3
4.7
4.7
4.7
4.1
4.4
4.4
5.2
6.6
6.1
2006
7.3
10.1
8.4
7.7
10.5
3.2
6.7
4.6
10.6
9.3
8.2
8.8
10.3
4.4
6.8
8.6
5.5
4.5
4.5
4.0
4.3
4.1
4.7
6.1
5.8
2007
7.0
8.5
8.1
7.1
12.0
3.4
5.6
4.5
9.2
7.5
7.2
8.0
8.6
4.6
6.1
8.4
5.4
4.1
4.2
3.8
3.9
3.9
4.7
5.7
5.5
2008
6.6
7.8
7.1
7.8
13.2
3.5
5.6
4.5
7.6
6.9
7.0
7.4
7.5
6.0
6.7
11.5
5.4
4.3
4.6
4.4
4.2
4.0
5.9
6.0
5.7
2009
7.5
8.6
8.3
9.7
12.0
5.2
6.5
4.4
7.3
7.8
8.9
9.1
7.7
12.0
7.8
18.1
7.8
4.2
4.6
4.4
3.9
5.0
9.3
8.2
6.2
2010
7.3
7.7
7.9
8.1
11.6
5.2
5.7
4.0
6.8
8.6
9.6
9.3
7.1
13.9
8.4
20.2
7.8
3.8
4.4
4.2
3.5
5.0
9.7
8.4
6.1
2011
6.6
7.2
6.7
7.1
10.8
5.3
5.6
3.9
6.0
8.3
9.6
9.2
5.9
14.6
8.4
21.8
7.9
3.8
4.3
4.3
3.4
4.5
9.0
8.0
5.9
2012
6.6
7.2
6.9
6.4
10.4
4.9
6.3
4.0
6.0
7.8
10.5
9.9
5.4
14.7
10.7
25.2
7.9
3.8
4.5
4.5
3.4
4.3
8.1
8.0
5.9
22
RESUMEN ESTADISTICO
2014 | 1er Trimestre
7 | INTERNACIONAL
2003
23.3
0.7
41.5
37.1
49.3
32.2
57.5
33.6
21.4
33.5
11.8
24.6
-
2004
33.3
26.2
0.9
41.2
40.0
51.1
34.4
47.7
32.0
20.5
33.7
12.7
25.4
-
2005
32.2
24.6
2.1
42.1
40.6
52.5
33.3
48.3
24.5
21.0
39.6
39.6
33.3
11.8
25.5
-
2006
28.6
22.6
2.2
42.7
41.5
55.7
31.4
48.5
21.7
22.2
33.0
10.0
25.1
-
2007
25.3
20.8
2.4
40.6
39.7
56.0
29.1
46.8
20.4
23.7
32.0
10.0
24.0
-
2008
27.8
18.9
1.5
36.7
37.0
51.8
27.0
45.1
17.9
24.0
33.3
10.6
22.7
-
2009
24.8
15.7
1.7
33.5
34.9
44.9
28.9
44.1
23.7
24.4
28.5
16.3
22.4
-
2010
27.5
17.7
2.1
39.1
39.8
46.9
48.7
48.0
36.6
32.6
36.3
38.2
37.6
29.0
29.3
-
2011
26.2
16.0
1.8
41.7
41.1
47.6
58.6
51.3
41.6
33.4
39.4
31.3
30.9
-
2012
27.8
14.6
1.7
42.2
39.9
45.2
61.2
52.4
44.5
34.7
38.5
29.3
30.1
-
2004
3.1
2.7
2.7
7.1
2.6
3.2
0.5
2.3
2.4
1.3
1.7
1.6
-0.4
-5.9
1.0
2.4
2.6
0.9
2.0
3.2
0.8
0.2
1.2
1.3
1.7
2005
2.9
2.9
1.8
5.6
7.0
2.8
0.1
3.2
4.8
1.9
5.4
4.2
1.5
23.2
1.1
2.7
10.9
1.0
1.8
4.6
0.9
0.1
1.1
2.6
2.9
2006
2.4
2.6
1.8
4.7
4.1
2.1
1.8
3.8
7.7
0.1
4.8
3.9
1.9
9.9
2.1
3.4
8.7
2.2
2.7
4.6
2.1
-0.1
2.1
3.1
3.4
2007
3.4
2.5
3.3
7.2
4.6
3.0
0.8
5.1
5.8
1.1
6.1
3.6
0.9
23.1
1.9
5.8
8.4
2.1
3.3
4.5
2.0
0.5
2.3
4.1
4.2
2008
3.3
3.0
3.1
8.4
4.2
2.5
1.4
5.3
7.1
0.4
4.6
2.3
0.5
8.8
-1.1
4.9
9.7
3.3
2.8
3.8
3.5
0.6
2.3
3.1
3.5
2009
2.2
1.3
1.9
7.5
3.0
1.9
0.3
4.9
5.3
-0.8
2.2
1.0
1.1
23.9
1.9
1.3
0.2
2.3
2.0
2.6
2.6
0.3
1.1
1.6
2.1
2010
2.6
2.1
2.5
7.1
2.4
2.2
1.8
5.4
5.6
0.5
1.9
1.5
0.9
18.2
-0.3
3.3
2.7
1.5
2.9
4.1
1.6
0.0
1.7
1.7
2.3
2011
3.1
2.4
2.9
9.1
4.0
2.0
0.5
4.5
5.9
1.2
2.6
1.5
1.2
10.5
1.3
2.2
1.5
1.8
3.0
3.8
1.9
0.0
1.6
2.0
2.5
2012
3.3
2.6
3.4
11.2
4.2
1.3
1.4
6.0
5.8
0.6
1.8
1.1
0.8
19.4
0.3
2.7
2.3
1.2
2.6
3.1
1.3
0.0
1.3
1.5
2.1
IED (% PBI)
Latino America y Caribe
Argentina
Brazil
Chile
Colombia
Mexico
Paraguay
Peru
Uruguay
Venezuela, RB
Unin Europea
Francia
Alemania
Irlanda
Italia
Espaa
Reino Unido
Asia, Sur
Asia, Este y Pacfico
China
India
Japn
United States
OECD
Mundo
2003
2.4
1.3
1.8
5.5
1.8
2.6
0.4
2.2
3.5
2.4
2.3
2.4
1.3
14.1
1.1
2.9
1.5
0.7
1.3
3.0
0.7
0.1
0.6
1.3
1.5
23
RESUMEN ESTADISTICO
2014 | 1er Trimestre
7 | INTERNACIONAL
2003
14.7
14.4
18.3
13.4
2.4
2.4
2.4
2.4
2.4
2.4
2.4
18.3
10.7
3.3
3.4
4.8
8.3
2004
11.9
13.3
4.9
11.4
10.2
9.2
9.7
11.2
12.3
2.5
2.5
2.5
2.5
2.5
2.5
2.5
19.5
9.8
29.0
3.3
3.2
4.4
8.3
2005
10.6
12.4
4.9
11.9
9.2
8.4
9.2
9.9
12.8
2.3
2.3
2.3
2.3
2.3
2.3
2.3
15.6
9.2
17.0
3.3
3.2
3.8
8.0
2006
10.7
12.2
2.2
11.3
8.0
7.2
8.6
9.6
12.3
2.4
2.4
2.4
2.4
2.4
2.4
2.4
14.1
8.9
3.5
3.1
4.2
7.3
2007
10.8
12.3
2.0
10.8
8.0
8.5
9.5
12.3
2.4
2.4
2.4
2.4
2.4
2.4
2.4
13.7
8.6
4.2
2.9
3.7
7.1
2008
9.8
13.2
1.4
10.7
6.7
8.4
3.9
9.5
11.9
2.3
2.3
2.3
2.3
2.3
2.3
2.3
13.2
8.4
10.0
3.7
3.2
3.5
7.1
2009
13.0
13.4
6.0
10.7
5.7
8.1
3.8
9.7
12.2
2.2
2.2
2.2
2.2
2.2
2.2
2.2
13.7
8.2
11.5
3.3
3.0
3.7
6.9
2010
11.4
13.4
4.9
11.2
7.4
8.1
4.8
9.6
13.1
1.9
1.9
1.9
1.9
1.9
1.9
1.9
10.3
7.7
2.6
2.9
3.2
6.2
2011
9.8
13.6
6.8
8.5
3.2
9.6
11.8
1.5
1.5
1.5
1.5
1.5
1.5
1.5
7.9
2.5
2.8
-
2012
9.7
13.9
5.5
8.4
9.8
11.8
1.5
1.5
1.5
1.5
1.5
1.5
1.5
13.2
2.4
2.8
3.2
6.8
24
RESUMEN ESTADISTICO
2014 | 1er Trimestre
8 | FUENTES
INDEC
MECON
IGA
BCRA
Balance Semanal
Informe Monetario Semanal
Panorama Monetario y Financiero
Balance Consolidado de Bancos
Balance Consolidado del Sistema Financiero
Balance Consolidado de Entidades Financieras
Indice de Tipo de Cambio Real Multilateral
UTDT
WORLD BANK
25
RESUMEN ESTADISTICO
2014 | 1er Trimestre
INFORMACION DE CONTACTO
Nicolas Cachanosky
ncachano@msudenver.edu
+1 (303) 556-3218
+1 (303) 556-3966
www.ncachanosky.com
http://puntodevistaeconomico.wordpress.com
@n_cachanosky
Documentos
A Proposal of Monetary Reform for Argentina: Flexible Dollarization with
Free Banking
-with Adrian O. Ravier (Universidad Francisco Marroqun)
-versin en espaol
-english version
26