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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 - PowerPoint PPT Presentation
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Economic overview of the Province of Buenos AiresDirección Provincial de Estudios y Proyecciones Económicas (DPEPE) and Subsecretaría
de Coordinación con Estados y Organismos de Crédito Internacionales (SCEOCI)
Friday 17th, February 2012Ministerio 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• Between 2003 and 2010
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 subsequent recovery was also stronger
2003 2004 2005 2006 2007 2008 2009 2010-5%
0%
5%
10%
15%
10.6%
13.2%
10.7%
8.8%10.1%
6.2%
-3.5%
13.9%
Annu
al g
row
th r
ate
Diversified productive structure
Industry26.9%
Transport17.3%
Real Estate Ss.13.3%
Commerce12.0%
Construction5.8%Agriculture
4.3%Communitary Ss.
3.9%
Public Adm.3.2%
Education3.0%
Others10.4%
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
AgriculturePlanted area Production
Soy Wheat Sunflower Corn0
2,000
4,000
6,000
8,000
5,67
6
2,16
8
873
1,13
3
5,93
5
2,29
6
954 1,42
8
6,04
9
2,27
8
952 1,
516
09/10 Crop-year10/11 Crop-year11/12 Crop-year
Thou
sand
s of h
as
Soy Wheat Sunflower Corn0
5,000
10,000
15,000
20,000
17,0
55
5,63
8
1,51
9
8,12
9
15,4
65
8,87
4
2,11
4
8,22
7
8,37
4
09/10 Crop-year10/11 Crop-year11/12 Crop-year
Thou
sand
s of
tons
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
2002 2003 2004 2005 2006 2007 2008 2009 2010-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Annual growth rate (left axis)
Industrial GDP (right axis)
Annu
al g
row
th r
ate
Millions of constant pesos of 1999
2003/2011 Growth
92%
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
IndustryCar production
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011-100%
-50%
0%
50%
100%
150%
0
50
100
150
200
250
300
Annual growth rate(left axis)Car production (right axis)
Annu
al g
row
h ra
teThousands of units
2003/2011 Growth
361%
IndustryCrude steel production
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
80
90
100
110
120
130
140
150
Annual growth rate (left axis)
Crude steel production (right axis)
Annu
al g
row
th r
ate
Annual average (index 1999=100)
2003/2011 Growth
26%
IndustryFood production
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
80
580
1,080
1,580
2,080
2,580
Annual growth rate (left axis)
Poultry slaughter
Annu
al g
row
th r
ate Thousands of heads
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
60%
80
580
1,080
1,580
2,080
2,580
Annual growth rate (left axis)
Cookies and biscuits
Annu
al g
row
th r
ate
Annual average (index 1999=100)
2003/2011 Growth
193%2003/2011 Growth
183%
Construction
• It had a tremendous growth in the last decade tied to the economic boom and increased public investment
Construction
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
40
60
80
100
120
140
160
180
Annual growth rate (left axis)Cement disptaches (right axis)
Annu
al g
row
th r
ate
Annual average (index 1999=100)
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
40
50
60
70
80
90
100
110
120
130
140
Annual growth rate (left axis)Brick sales (right axis)
Annu
al g
row
th r
ate
Annual average (index 1999=100)
2003/2011 Growth
173%2003/2011 Growth
97%
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• 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
2003/2011 Growth
205%
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-30%
-20%
-10%
0%
10%
20%
30%
40%
0
5,000
10,000
15,000
20,000
25,000
30,000
Annual growth rate (left axis)Total exports (right axis)
Annu
al g
row
th r
ate
Millions of dollars (FO
B)
Buenos Aires exportsBy major items By destinations
Primary pro-ducts21.3%
Agricultural Manufactures
20.6%
Industrial Manu-factures52.2%
Fuel and Energy5.9%
Brazil36.7%
China6.0%
Chile5.8%
Uruguay3.9%
Alemania3.7%
USA3.5%
Others40.3%
ConsumptionDurables consumption
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-100%
-50%
0%
50%
100%
150%
0
50
100
150
200
250
300
Annual growth rate (left axis)Car registration (right axis)
Annu
al g
row
th r
ate Thousands of units
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-80%
-60%
-40%
-20%
0%
20%
40%
60%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Annual growth rate (left axis)Real estate business (right axis)
Annu
al g
row
th r
ate
Millions of current dollars
2003/2011 Growth
874%2003/2011 Growth
385%
ConsumptionNon-durables consumption
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-40%
-30%
-20%
-10%
0%
10%
20%
30%
40%
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Annual growth rate (left axis)Supermarket sales (right axis)
Annu
al g
row
th r
ate
Millions of constant pesos of 1999
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-80%
-60%
-40%
-20%
0%
20%
40%
60%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
Annual growth rate (left axis)Shopping centers sales (right axis)
Annu
al g
row
th r
ate
Millions of constant pesos of 1999
2003/2011 Growth
74%2003/2011 Growth
402%
Thank you very much for your attention
Economic overview of the Province of Buenos AiresDirección Provincial de Estudios y Proyecciones Económicas (DPEPE) and Subsecretaría
de Coordinación con Estados y Organismos de Crédito Internacionales (SCEOCI)
Friday 17th, February 2012Ministerio de Economía de la Provincia de Buenos Aires
La Plata - Buenos Aires - Argentina
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