HIGH RISK
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
Swipe to view more
GDP | USD 450bn (World ranking 25, World Bank 2019) |
Population | 44.9mn (World ranking 31, World Bank 2019) |
Form of state | Presidential republic |
Head of state |
Alberto Fernández (President) |
Next elections |
2021, legislative |
18 December
As 2020 draws to a close and we release our updated forecasts, our economists were caught day dreaming of a world where their boldest wishes would come true.
18 December
The Covid-19 vaccine will supercharge global growth in 2021, but short-term headwinds, and a complete recovery only by 2022, will create transition risks.
24 September
A stop-and-go approach until the return to normal in 2022.
(% of total)
Exports | Rank | Imports |
---|---|---|
Brazil
16%
![]() |
1 |
![]() |
China
8%
![]() |
2 |
![]() |
United States
7%
![]() |
3 |
![]() |
Vietnam
4%
![]() |
4 |
![]() |
Chile
4%
![]() |
5 |
![]() |
(% of total)
Exports | Rank | Imports |
---|---|---|
Feedstuff for animals (excluding unmilled cereals)
19%
|
1 |
17%
Road vehicles
|
Road vehicles
13%
|
2 |
7%
Other industrial machinery and parts
|
Cereals and cereal preparations
9%
|
3 |
6%
Telecommunication and sound recording apparatus
|
Fixed vegetable oils and fats, crude, refined or fractionated
8%
|
4 |
6%
Electrical machinery, apparatus and appliances, n.e.s.
|
Oil seeds and oleaginous fruits
8%
|
5 |
6%
Gas, natural and manufactured
|
Low
Medium
Sensitive
High
Payments
Court proceedings
Insolvency proceedings
Payments
Court proceedings
Insolvency proceedings
Procedural delays are common and costs are high. Considering the inability of domestic courts to cope with the caseload in a timely manner, commencing legal action without having first conducted pre-legal action is unwise.
For insolvent debtors debt renegotiation mechanisms have been put in place, however in practice, liquidation remains the default procedure even though it is never in the interest of unsecured debtors.
Euler Hermes
Economic Research Team
research@eulerhermes.com
Georges Dib
Economist for Latin America, Spain and Portugal
georges.dib@eulerhermes.com