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RESUMEN ESTADISTICO

NICOLAS CACHANOSKY
METROPOLITAN STATE UNIVERSITY OF DENVER

April, 2014

CONTENIDOS
Cuentas Nacionales

p. 2

Banco Central de la Repblica Argentina

p. 6

Sistema Financiero

p. 10

Inflacin y Tipo de Cambio

p. 14

Resumen Fiscal

p.15

Mercado Laboral e Indicadores Sociales

p. 18

Internacional

p. 20

Fuentes

p. 25

Datos de Contacto

p. 26

Sitio web: http://puntodevistaeconomico.wordpress.com/resumen-estadistico-argentina

RESUMEN ESTADISTICO
2014 | 1er Trimestre

1 | CUENTAS NACIONALES Y ACTIVIDAD ECONOMICA

PBI [OFICIAL] | VALORES


PBI
PBI Sector Privado
Consumo
Gasto Publico
Inversin
Exportaciones netas

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

PBI [OFICIAL] | CAMBIO %


PBI
PBI Sector Privado
Consumo
Gasto Publico
Inversin
Exportaciones netas

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%

En miles de millones de ARS (Base 1993)


PBI REAL (BASE 1993) | DEMANDA
Consumo

600
500

Inversin

Discrepancia Estadstica

PBI REAL (BASE 1993) | TASA DE CRECIMIENTO

Gasto Publico

PBI Sector Privado

Exportaciones netas

20%

400
200
0

-100

Importaciones

PBI

Inversin

Consumo

Exportaciones

10%

300
100

Gasto Publico

0%
2010

2011

ACT. ECON. | VALORES


Sector Bienes
Agricutlura, ganaderia, otros
Pesca
Minas y Canteras
Manufacturas
Electricidad, Agua y Gas
Construccin
Sector Servicios
Comercio
Hoteles y Restaurantes
Transp., Almac. y Comunicac.
Intermediacin Financiera
Actividades Inmobiliarias
Adm. Pblica y Defensa
Enseanza, Serv. Soc. y Salud
Otras Act. Sociales y Domest.
Bienes + Servicios
Servicios de Int. Financiera
Valor Agregado Bruto
Impuesto al Valor Agregado
Impuesto a las Importaciones
PBI

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

ACT. ECON. | CRECIMIENTO


Sector Bienes
Agricutlura, ganaderia, otros
Pesca
Minas y Canteras
Manufacturas
Electricidad, Agua y Gas
Construccin
Sector Servicios
Comercio
Hoteles y Restaurantes
Transp., Almac. y Comunicac.
Intermediacin Financiera
Actividades Inmobiliarias
Adm. Pblica y Defensa
Enseanza, Serv. Soc. y Salud
Otras Act. Sociales y Domest.
Bienes + Servicios
Servicios de Int. Financiera
Valor Agregado Bruto
Impuesto al Valor Agregado
Impuesto a las Importaciones
PBI

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%

En miles de millones de ARS (Base 1993)

RESUMEN ESTADISTICO
2014 | 1er Trimestre

1 | CUENTAS NACIONALES Y ACTIVIDAD ECONOMICA

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

INDICE DE TERMINOS DEL INTERCAMBIO

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

INDICE DE TIPO DE CAMBIO MULTILATERAL (DIC 2001 = 100)

Jan-91

450
400
350
300
250
200
150
100
50
0

RESUMEN ESTADISTICO
2014 | 1er Trimestre

1 | CUENTAS NACIONALES Y ACTIVIDAD ECONOMICA

EXPORT. E IMPORT. DE BIENES


Exportaciones [FOB]
Productos Primarios
MOA
MOI
Combustibles y Energia
Importaciones [CIF]
Bienes de Capital
Bienes Intermedios
Combustibles
Accesorios Para Bs. de Cap.
Otros
Fletes y Seguros
Importaciones [FOB]
Exportaciones Netas
Exportaciones [FOB]
Productos Primarios
MOA
MOI
Combustibles y Energia
Importaciones [CIF]
Bienes de Capital
Bienes Intermedios
Combustibles
Accesorios Para Bs. de Cap.
Otros
Fletes y Seguros
Importaciones [FOB]
Exportaciones Netas

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

2013 2014-T1 2014-T2 2014-T3 2014-T4


83,026
75,250
7,776
14,415
8,397
6,018
97,441
83,647
13,794

En millones de USD. INDEC: Monto devengado. BCRA: Base caja.


Export. de Bs. (INDEC)

Export. De Bs. Y Serv. (INDEC)

Export. de Bs. (BCRA)

Export. De Bs. Y Serv. (BCRA)

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

1 | CUENTAS NACIONALES Y ACTIVIDAD ECONOMICA

PBI REAL [OFICIAL Y CONGRESO]


PBI

600,000

TASA DE CRECIMIENTO PBI

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.

EMAE, EMI, ISAC [ENE 2007 = 100]


EMAE

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

EXPORTACIONES E IMPORTACIONES DE BIENES


EXPORTACIONES [FOB]

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

2 | BANCO CENTRAL DE LA REPUBLICA ARGENTINA

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

Var. Reservas (%)

Var. 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

VAR. RESERVAS POR COMPRA DE DIVISAS

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

Otras Op. del Sector Pblico

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

2 | BANCO CENTRAL DE LA REPUBLICA ARGENTINA

LEBACS Y PREST. AL GOB.


Lebacs
Adelantos Transitorios
Notas Intransferibles
Prestamos al Tesoro
Var. Lebacs
Var. Ad. Transitorios
Var. Prest. al Tesoro
Var. Lebacs (%)
Var. Ad. Transitorios (%)
Var. Prest. al Tesoro (%)

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

PRESTAMOS AL TESOSO NACIONAL

Var. Lebacs (%)

Var. Prest. al Tesoro (%)

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

VAR. BASE MONETARIA POR COMPRA DE DIVISAS

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

VARIACION BASE MONETARIA

En millones de ARS.

-10,000

2010

2011

2012

2013

En millones de ARS.

RESUMEN ESTADISTICO
2014 | 1er Trimestre

2 | BANCO CENTRAL DE LA REPUBLICA ARGENTINA


Mar
Jun
Sep
Dec
2010
2011
2012
2013 2014-T1 2014-T2 2014-T3 2014-T4
Feb-14 Mar-14
374,300 433,000 570,600 722,900 851,600
818,600 851,600
207,500 199,600 212,900 199,500 216,300
218,700 218,700

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

84,200 127,200 190,600 301,800 364,300


46,200
67,100 127,700 182,600 189,100
1,500
2,100
3,700
4,900
4,900
8,400
9,200
10,900
15,700
27,800
26,500
27,800
24,800
18,400
49,200
335,700 395,700 509,200 615,600 741,800
160,435 223,000 307,300 377,200 349,000

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

Cta. Cte. en otras monedas


Depsitos del Gob. Nac.
Obligaciones con Org. Int.
Titulos BCRA

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

Cta. Cte. en otras monedas

Adelantos T. al Gob. Nac.

Crditos al Sist. Financiero

Depsitos del Gob. Nac.

Obligaciones con Org. Int.

Ap. a Org. Int. [x Gob. Nac.]

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

VARIACION MENSUAL DE RESERVAS

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

2 | BANCO CENTRAL DE LA REPUBLICA ARGENTINA

BCRA | PAT. NETO AJUSTADO


Patrimonio Neto
Adelantos Transitorios
Letras Intransferibles
Patrimonio Neto Ajustado

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

Reservas Netas (USD)

$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

NIVEL Y VARIACION DE RESERVAS (MILES DE USD)


Var. Reservas

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

PRESTAMOS LA TESORO (MILES DE ARS)

200,000,000

Prestamos del BCRA al Tesoro (%) [eje


derecho]
Prestamos del BCRA al Tesoro

LEBACS (MILES DE ARS)

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

2002 2004 2006 2008 2010 2012 2014

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 Sec. Priv.


Depsitos Cta. Cte.
Depsitos Caja de Ahorro
Depsitos Plazo Fijo
Depsitos, otros

Depsitos [USD]
Depsitos Sec. Pub.
Depsitos Gob. Nacional
Depsitos Provincias y Mun.
Depsitos Otros Entes Of.

Depsitos Sec. Priv.


Depsitos Cta. Cte.
Depsitos Caja de Ahorro
Depsitos Plazo Fijo
Depsitos, otros

Var. Dep. Privados ARS


Var. Dep. Privados USD
Var. Dep. Privados ARS (%)
Var. Dep. Privados USD (%)

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

208,000 270,500 381,800 493,400 502,900

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

62,500 111,300 111,600


5,797 -13,102
5,888
30.0%
41.1%
29.2%
12.5% -25.0%
15.0%

0
0
0.0%
0.0%

En miles de ARS y USD

10

RESUMEN ESTADISTICO
2014 | 1er Trimestre

3 | SISTEMA FINANCIERO
DEPOSITOS EN ARS

800,000

DEPOSITOS EN USD

Depsitos [ARS]

Depsitos [USD]

Depsitos Sec. Pub.

Depsitos Sec. Pub.

Depsitos Sec. Priv.

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

Depsitos Sec. Priv.

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

Depsitos Gob. Nacional


Depsitos Provincias y Mun.
Depsitos Otros Entes Of.

100.0
100.0
100.0

122.0
93.0
68.3

113.3
109.4
88.7

103.2
113.0
91.5

Depsitos Sector Privado

100.0

106.0

119.2

Depsitos Cta. Cte.


100.0
Depsitos Caja de Ahorro
100.0
Depsitos Plazo Fijo
100.0
Depsitos, otros
100.0
2011 = 100. Ajustado con IPC-C [IPC Congreso]

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

En millones de ARS y USD

11

RESUMEN ESTADISTICO
2014 | 1er Trimestre

3 | SISTEMA FINANCIERO
Mar
500,000

PRESTAMOS EN ARS (EN MILLONES)

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

PRESTAMOS EN USD (EN MILLONES)

2011

2012

2013

2011
121
114
123
110
142
120
123
134

2012
136
140
146
113
153
124
139
166

2013 2014-T1 2014-T2 2014-T3 2014-T4


143
132
130
127
167
147
110
101
168
155
126
115
155
150
166
148

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

2011 = 100. Ajustado con IPC-C [IPC Congreso]

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

BADLAR (BANCOS PRIVADOS)

20
15
10
5
0
2010

2011

2012

PLAZO FIJO (30-44D)

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

TOTAL DEPOSITOS [ARS]

DEPOSITOS EN ARS | NOMINAL

Dep. Sector Publico [ARS]

Dep. Sector Publico [USD]

Dep. Sector Privado [ARS]

Dep. Sector Privado [ARS]

Dep. Sector Privado [USD]

Dep. Sector Publico [ARS]

700,000,000

600,000,000

500,000,000

400,000,000

300,000,000

200,000,000

100,000,000

DEPOSITOS EN ARS | REAL (DIC 2007 = 100, AJUSTADO CON IPC-C)


TOTAL DEPOSITOS [ARS]

160

140

120

100

80

60

40

20

DEPOSITOS EN USD

TOTAL DEPOSITOS [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

4 | INFLACION Y TIPO DE CAMBIO


Mar
Jun
Sep
Dec
2012
2013 2014-T1 2014-T2 2014-T3 2014-T4
Feb-14 Mar-14
15.3%
16.4%
16.4%
16.4%
16.4%
10.8%
10.9%
10.0%
7.2%
10.0%
25.5%
28.4%
12.7%
9.1%
12.7%
4.9173
6.5180
8.0098
7.8782
8.0098
6.8000 10.0000 11.8000
11.8000 11.8000
38.3%
53.4%
47.3%
49.8%
47.3%
14.3%
32.6%
1.7%
43.5%
47.1%
0.0%

2011
17.3%
9.5%
22.7%
4.3032
4.7400
10.2%
8.2%
15.4%

IPC, IPC-C [CONGRESO]

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%

TC, TC [BLUE], BRECHA CAMBIARIA

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]

BM, M2, IPC-C

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

ENC. DE EXPECTATIVAS INFL.


Mediana
Promedio

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

ENCUESTA DE EXPECTATIVAS INFLACIONARIAS [UTDT]


Mediana

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

5 | RESUMEN FISCAL [NIVEL NACION]

RECURSOS TRIB. | NOMINAL


Total
Impuestos
Ganancias
IVA
Creditos y Dbitos
Otros
Seguridad Social
Aportes Personales
Contribuciones Patronales
Otros
Comercio Exterior
Importaciones
Exportaciones
Otros
Var. Rec. Tributarios
Var. Impuestos
Var. Seguridad Social
Var. Comercio Exterior
Var. Rec. Tributarios (%)
Var. Impuestos (%)
Var. Seguridad Social (%)
Var. Comercio Exterior (%)

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.

RECURSOS TRIB. | REAL


Total
Impuestos
Ganancias
IVA
Creditos y Dbitos
Otros
Seguridad Social
Aportes Personales
Contribuciones Patronales
Otros
Comercio Exterior
Importaciones
Exportaciones
Otros

2011 = 100. Ajustado con IPC-C [IPC Congreso]


RECURSOS TRIBUTARIOS | VALORES
1,000,000

Total

Impuestos

Seguridad Social

Comercio Exterior

RECURSOS TRIBUTARIOS | CONTRIBUCION

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

5 | RESUMEN FISCAL [NIVEL NACION]

BASE CAJA | NOMINAL


Ingresos Corrientes
Ingresos Tributarios
Seguridad Social
Rentas de la Propiedad
Otros
Gastos Corrientes
Gastos Operativos
Seguridad Social
Transferencias

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 | VARIACION


Ingresos Corrientes
Ingresos Tributarios
Seguridad Social
Rentas de la Propiedad
Otros
Gastos Corrientes
Gastos Operativos
Seguridad Social
Transferencias

2013 2014-T1 2014-T2 2014-T3 2014-T4


30.5%
22.7%
31.8%
106.1%
38.7%
27.1%
31.9%
33.0%
27.2%
-

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

5 | RESUMEN FISCAL [NIVEL NACION]

BASE CAJA | REAL


Ingresos Corrientes
Ingresos Tributarios
Seguridad Social
Rentas de la Propiedad
Otros
Gastos Corrientes
Gastos Operativos
Seguridad Social
Transferencias

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%

2011 = 100. Ajustado con IPC-C [IPC Congreso]

BASE CAJA | CORRECCION


Resultado Financiero
Transferencias ANSES
Transferencias BCRA
Resultado Financiero Aj.
Resultado Fciero. (% PBI-C)
Resultado Fciero. Aj. (% PBI-C)

2010
3,060
-16,100
-32,100
-45,140
0.2%
-3.1%

######## ######## ######## ########


2011
2012
2013 2014-T1 2014-T2 2014-T3 2014-T4
-30,670 -55,560 -64,480
-22,700 -22,800 -24,400
-23,400 -28,800 -59,300
-76,770 -107,160 -148,180
-1.8%
-2.9%
-2.8%
-4.2%
-4.9%
-5.6%

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 | % PBI NOMINAL

Resultado Financiero

50,000
0
2010
-50,000

Resultado Fciero. (% PBI-C)

Resultado Financiero Aj.

2011

2012

Resultado Fciero. Aj. (% PBI-C)

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%

Presin Fiscal [PBI privado]

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

2013 2014-T1 2014-T2 2014-T3 2014-T4


6.4
6.3
6.5
4.4
7.2
4.9
4.5
7.2
1.3
2.2
4.4
2.3
0.6
1.2
5.5
6.4
4.9
5.0
3.4
8.0
4.0
7.8
8.7
5.5
8.8
5.2
7.9
6.2
6.3
11.7
7.2
1.1
5.7
5.5
5.0
7.8
3.8
4.7
3.9
4.3
-

INDICE DE DDA. LABORAL


Capital y GBA [UTDT]
Rosario y Gran Rosario [UTDT]

2010
100.0
100.0

2011
76.5
88.1

2012
56.3
88.7

######## ######## ######## ########


2013 2014-T1 2014-T2 2014-T3 2014-T4
47.9
84.2

Jan-14
47.9
84.2

Feb-14
48.7
83.9

Diciembre 2011 = 100

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

INDICE DE DEMANDA LABORAL | ROSARIO Y G. ROSARIO [UTDT]

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

DESEMPLEO | AJUSTE ILO

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

INDICE DE DEMANDA LABORAL | CABA Y GBA [UTDT]

100

80

60

40

20

19

RESUMEN ESTADISTICO
2014 | 1er Trimestre

7 | INTERNACIONAL

PBI REAL | CRECIMIENTO


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
GDP per capita PPP (2005)
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
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

DESEMPLEO | LARGO PLAZO


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
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

Como porcentage de la tasa de desempleo.

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

TARIFAS PROMEDIO SIMPLE


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
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

PBI Real (1993) [Demanda y Oferta]


PBI Real (1993) [Actividad Economica]
EMAE
EMI
ISAC
Exportacin e Importacin de Bienes
Valor, Precio, y Cant. de Exportaciones e Importaciones
Empleo y Desempleo

MECON

Cuenta Ahorro [Base Caja]


Recaudacin Tributaria

OJF & ASOCIADOS

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

Indice de Confianza al Consumidor


Encuesta de Expectativas de Inflacion
Indice de Demanda Laboral
Indice Lider

WORLD BANK

World Development Indicators

25

RESUMEN ESTADISTICO
2014 | 1er Trimestre

INFORMACION DE CONTACTO
Nicolas Cachanosky

Assistant Professor of Economics


Department of Economics | School of Business
Metropolitan State University of Denver
Campus Box 77, P.O. Box 173362
Denver, CO 80217
www.msudenver.edu/economics
email:
phone:
fax:
website:
blog:
twitter:

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

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