Economic overview of the Province of
Buenos Aires
Dirección Provincial de Estudios y Proyecciones Económicas
(DPEPE) and Subsecretaría de Coordinación con Estados y
Organismos de Crédito Internacionales (SCEOCI)
Friday 17th, February 2012
Ministerio de Economía de la Provincia de Buenos Aires
La Plata - Buenos Aires - Argentina
The Province of Buenos Aires
•
•
•
•
•
•
Is the biggest and most important province of Argentina
It occupies 11% of the total land area
Accounts for 39% of the population
Contributes 36% of Argentina's GDP
Generates 48% of the country's industrial production
Participates with 33% of exports
Buenos Aires GDP growth
16%
13.2%
14%
Annual growth rate
12%
10.7%
10.6%
10%
10.1%
8.8%
8%
6.2%
6%
4%
2%
0%
-2%
-4%
-6%
2003
2004
2005
2006
2007
2008
• Between 2003 and 2010
13.9%
the province grew 94%,
mainly due to its
industrial profile
• 2009 global crisis stalled
deeper in the province
than in the rest of the
country,
but
the
-3.5%
subsequent recovery was
2009 2010
also stronger
Diversified productive structure
Real Estate Ss.
13.3%
Commerce
12.0%
Construction
5.8%
Agriculture
4.3%
Communitary Ss.
3.9%
Public Adm.
3.2%
Education
3.0%
Transport
17.3%
Others
10.4%
Industry
26.9%
Agriculture
• Although agriculture represents only 4.3% of the
GDP, it is a significant sector for the Province of
Buenos Aires because of its productive
linkages and importance in exports
• The major crops of the Province are soy, corn,
wheat and sunflower
• 86% of total sown area in the province goes
to these crops
Agriculture
10/11 Crop-year
1,519
2,114
5,000
8,129
8,227
11/12 Crop-year
5,638
8,874
8,374
10,000
1,133
1,428
1,516
2,000
09/10 Crop-year
15,000
Thousands of tons
11/12 Crop-year
873
954
952
4,000
20,000
10/11 Crop-year
2,168
2,296
2,278
Thousands of has
6,000
09/10 Crop-year
5,676
5,935
6,049
8,000
Production
17,055
15,465
Planted area
0
0
Soy
Wheat
Sunflower
Corn
Soy
Wheat
Sunflower
Corn
Agriculture
• Among these, soy is the most important crop
• Production destination (beans and oil) is mainly
China
• Soy witnessed a remarkable growth in recent
years, replacing traditional crops like wheat
Industry
• It is the most important economic sector of the
Province, representing 27% of Buenos Aires’ GPD
• Argentina’s domestic industry is located primarily
in the industrial belt of the Province of Buenos
Aires (which represents 48% of the domestic
industry)
Industry
• It has been one of the most dynamic sectors of
the province
2003/2011 Growth
92%
40,000
20%
35,000
15%
30,000
10%
25,000
5%
20,000
0%
15,000
-5%
10,000
-10%
Annual growth rate (left axis)
Industrial GDP (right axis)
-15%
5,000
0
2002 2003 2004 2005 2006 2007 2008 2009 2010
Millions of constant pesos of 1999
Annual growth rate
25%
Industry
• Within industry, automotive, steel and food were
the most dynamic sectors
• Because of its share in national production (66%),
another remarkable sector of the Province is oil
processing
Industry
Car production
80%
361%
500
450
400
350
40%
300
20%
250
200
0%
-20%
-40%
150
100
Annual growth rate (left axis)
Car production (right axis)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
50
0
Thousands of units
Annual % change
60%
2003/2011 Growth
Industry
Crude steel production
2003/2011 Growth
40%
26%
140
Annual growth rate
20%
130
10%
120
0%
110
-10%
100
-20%
-30%
Annual growth rate (left axis)
90
Crude steel production (right axis)
-40%
80
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Annual average (index 1999=100)
30%
150
Industry
Food production
2003/2011 Growth
2003/2011 Growth
193%
30%
2,580
2,580
-20%
Annual growth rate (left axis)
-30%
Cookies and biscuits
580
80
2011
-40%
2010
2011
2010
2009
2008
2007
2006
2005
2004
2003
80
2002
-40%
-10%
2009
Poultry slaughter
1,080
2008
580
0%
2007
-30%
10%
2006
Annual growth rate (left axis)
1,580
2005
-20%
20%
2004
1,080
30%
2003
-10%
2,080
2002
1,580
0%
Thousands of heads
10%
40%
Annual growth rate
2,080
Annual average (index 1999=100)
50%
20%
Annual growth rate
183%
60%
Construction
• It had a tremendous growth in the last decade
tied to the economic boom and increased public
investment
Construction
2003/2011 Growth
2003/2011 Growth
2011
2010
2009
2008
2007
2006
2005
2004
40
2003
-40%
70
-20%
Annual growth rate (left axis)
Brick sales (right axis)
-30%
60
50
-40%
40
2011
Cement disptaches (right axis)
80
-10%
2010
-30%
60
90
0%
2009
Annual growth rate (left axis)
100
10%
2008
80
-20%
110
20%
2007
100
-10%
120
2006
0%
30%
2005
120
130
2004
10%
40%
2003
140
2002
Annual growth rate
20%
140
Annual average (index 1999=100)
160
Annual average (index 1999=100)
30%
97%
50%
Annual growth rate
180
2002
173%
40%
Destination of production
• The export sector has been one of the most
dynamic in the last years
• In addition, domestic consumption has also been
significantly strengthened, including both
durables and non-durables goods
Buenos Aires exports
2003/2011 Growth
205%
40%
30,000
25,000
20%
20,000
10%
15,000
0%
10,000
-10%
Annual growth rate (left axis)
-20%
5,000
Total exports (right axis)
2011
2010
2009
2008
2007
2006
2005
2004
2003
0
2002
-30%
Millions of dollars (FOB)
Annual growth rate
30%
• Between 2003 and 2011
the Province’s exports
grew 205%
• More than a half are
manufactured goods
• Buenos Aires exports to
China rose near 500%
since 2002, and its share
in Province’s total exports
doubled
Buenos Aires exports
By major items
Industrial
Manufactures
52.2%
By destinations
Fuel and
Energy
5.9%
Brazil
36.7%
China
6.0%
Primary
products
21.3%
Chile
5.8%
Uruguay
3.9%
Alemania
3.7%
USA
3.5%
Agricultural
Manufactures
20.6%
Others
40.3%
Consumption
Durables consumption
2003/2011 Growth
60%
250
40%
3,000
-40%
2,000
Annual growth rate (left axis)
-60%
Real estate business (right axis)
1,000
2011
2010
2009
0
2008
-80%
2007
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
0
-20%
2006
50
4,000
2005
Annual growth rate (left axis)
Car registration (right axis)
5,000
0%
2004
100
6,000
20%
2003
150
8,000
7,000
2002
200
385%
Millions of current dollars
300
Annual growth rate
874%
140%
120%
100%
80%
60%
40%
20%
0%
-20%
-40%
-60%
-80%
Thousands of units
Annual growth rate
2003/2011 Growth
Consumption
Non-durables consumption
2003/2011 Growth
2,000
2011
2010
2009
2008
2007
2006
2005
2004
2003
0
2002
-40%
Annual growth rate (left axis)
-60%
500
Shopping centers sales (right axis)
-80%
0
2011
Annual growth rate (left axis)
Supermarket sales (right axis)
-30%
1,000
2010
4,000
-40%
2009
-20%
1,500
2008
6,000
-20%
2007
-10%
2,000
2006
8,000
2005
0%
2,500
0%
2004
10,000
2003
10%
3,000
20%
Annual growth rate
12,000
3,500
Millions of constant pesos of 1999
Millions of constant pesos of 1999
20%
402%
40%
14,000
2002
74%
30%
Annual growth rate
2003/2011 Growth
Thank you very much for your
attention
Economic overview of the Province of
Buenos Aires
Dirección Provincial de Estudios y Proyecciones Económicas
(DPEPE) and Subsecretaría de Coordinación con Estados y
Organismos de Crédito Internacionales (SCEOCI)
Friday 17th, February 2012
Ministerio de Economía de la Provincia de Buenos Aires
La Plata - Buenos Aires - Argentina
Descargar

Economic Overview of the Province of Buenos Aires