Politics, Business & Culture in the Americas
Summit of the Americas

Argentina and Alberto Fernández: An Overview



This article is adapted from AQ’s special report on the Summit of the Americas. Click here for the full list of countries.

Argentina

President: Alberto Fernández

Term: 2019-2023

Fernández has tried to navigate a difficult economy while confronting tensions within his Peronist coalition, including pointed criticism from Vice President Cristina Fernández de Kirchner. Rising poverty and chronically high inflation at around 50% contributed to a setback for the Peronists in the 2021 legislative elections, and complicated negotiations for a debt restructuring with the International Monetary Fund. Currency restrictions are in place to prevent further devaluation of the peso. Fernández has sought cordial relations with the United States while also deepening ties with Russia and China during state visits to both countries in 2022, joining China’s Belt and Road Initiative and welcoming Chinese investment in a nuclear power plant, railways and lithium mining. Beef and soy exports to China have fueled bilateral trade in recent years, but recent droughts will affect grain output and dent economic growth in 2022.

To facilitate comparisons among these 10 countries,
the data is color-coded:   
High performing   
Middle performing   
Low performing

Governance

President’s approval rating* 24%
Capacity to Combat Corruption Index ranking (out of 15 Latin American countries) 6
Share of adults who support democracy* 69%
Military expenditure as % GDP 0.6%

Economy

Performance:   
High   
Middle   
Low
Projected GDP growth 2022 2.5%
Projected inflation 2022 51.1%
Total trade as % of GDP 30%
Unemployment 9.4%
Share of labor force in informal economy 37.8%
Share of population living in extreme poverty 6.3%

Society

Performance:   
High   
Middle   
Low
Population (millions) 45.6
Homicide rate (per 100,000 people) 4.6
Annual carbon dioxide emissions (millions of tons) 157
Share of public social spending on education 7%
Global press freedom ranking (out of 180 countries) 69

Brazil | Chile | Colombia | Dominican Republic | Ecuador | Guatemala | Mexico | Peru | Venezuela

*NOTES: Approval rating updated May 6. Support for democracy reflects percentage who agree that democracy is preferable to any other form of government.

Sources: Approval rating: Management & Fit (April); support for democracy: Latin American Public Opinion Project (2021); Capacity to Combat Corruption Index (2022); military expenditure: Stockholm International Peace Institute (2021); GDP, inflation, unemployment: Bloomberg (March); total trade: World Bank (2020); informal labor force: Inter-American Development Bank (2020); poverty, population, education spending: Economic Commission for Latin America and the Caribbean (2020); Reporters Without Borders Press Freedom Index (2021); homicide rate: InSight Crime (2020); CO2 emissions: Global Carbon Project (2020). NOTE: Informal labor force is for urban population only.

ABOUT THE AUTHOR

Sweigart is an editor at Americas Quarterly and a policy manager at the Americas Society/Council of the Americas.

Tags: Alberto Fernández, Argentina
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