Indicadores de Corto Plazo

Unidad de Medida Mes Nivel Variación

Mensual Anual Acumulada
Actividad1
Estimador Mensual Industrial (EMI) Base 2004=100 jul-14 150.8 -0.1% -0.7% -2.8%
Producción Industrial (FIEL) Base 2004=100 jul-14 162.6 2.2% -5.5% -4.2%
Estimador Mensual de Actividad Económica (EMAE) Base 1993=100 jun-14 210.9 0.3% 0.0% 0.3%
Utilización de la Capacidad Instalada en la Industria % jul-14 70.7 -0.4 -0.4 -1.9
Indicador Sintético de la Actividad de la Construcción (ISAC) Base 1997=100 jul-14 182.0 -2.4% -1.5% -2.3%
Índice Construya Base Junio 2002=100 ago-14 336.5 -3.2% -16.0% -4.4%
Indicador Sintético de Servicios Públicos (ISSP) Base 1996=100 jul-14 258.3 0.4% 4.4% 4.7%
2
Ventas en Supermercados mill. $ jul-14 14,737 -1.6% 1.2% 4.0%
2
Ventas en Centros de Compra mill. $ jul-14 2,671 -5.0% -5.8% 4.4%
Ventas de Automotores Unidades ago-14 51,112 9.1% -42.5% -4.6%
Producción de Automotores Unidades ago-14 45,787 -8.6% -34.5% -7.1%
Precios3
CER (IPCNu -INDEC-) Base Dic. 2006=100 ago-14 121.5 1.3% N/D 18.2%
p
Relevamiento de Precios Minoristas (Estudio Bein) Base Dic. 2006=100 ago-14 467.7 2.0% 34.5% 22.1%
Expectativas de Inflación próximos 12 meses (Mediana GBA, UTDT) Nivel en %; Var. en p.p. sep-14 40.0 10.0 10.0 10.0
Índice de Precios Internos al por Mayor (IPIM) Nivel General Base Dic. 2006=100 ago-14 245.7 1.4% 28.3% 22.2%
Índice del Costo de la Construcción (ICC) Base Dic. 2006=100 ago-14 428.7 1.1% 34.4% 28.1%
Tipo de Cambio Nominal (TCN) $/US$ ago-14 8.32 1.9% 49.0% 93.9%
5
Tipo de Cambio Real Multilateral (TCRM) $/Canasta jul-14 1.87 -0.7% 16.1% 13.2%
Salarios Nivel General Base Dic. 2006=100 jul-14 553.6 1.7% 27.3% 1.7%
4
Monetarias y Financieras
3
Reservas Internacionales mill. US$ ago-14 28,620 -383 -8,058 -1,980
Base Monetaria mill. $ ago-14 390,997 1.8% 19.8% 86.1%
M2 mill. $ ago-14 646,791 1.1% 24.4% 99.1%
Depósitos Sector Privado mill. $ ago-14 624,694 0.9% 30.9% 99.1%
Préstamos Sector Privado mill. $ ago-14 532,341 1.9% 23.0% 88.7%
3
Tasa de Interés: Plazo Fijo en $ a 30-44 días % ago-14 19.64 -0.53 4.43 5.01
3
Tasa de Interés: Pases Pasivos en $ a 7 días % ago-14 9.50 0.00 0.00 0.00
3
Anexo Estadístico

Tasa de Interés: BADLAR Bancos Privados en $ a 30-35 días % ago-14 21.18 -0.80 3.48 2.43
Sector Externo
Exportaciones mill. US$ ago-14 6,599 -6.4% -11.7% -10.2%
Importaciones mill. US$ ago-14 5,700 -3.7% -19.8% 0.1%
Balanza Comercial mill. US$ ago-14 899 -3.0% 113.6% -18.7%
Sector Público Nacional No Financiero
Recaudación Tributaria mill. $ ago-14 107,090 -6.9% 31.3% 34.2%
Superávit Primario mill. $ jul-14 768 N/D -4% 46%
Superávit Financiero mill. $ jul-14 -1,177 -93% -57% N/D
1
Para las variables de Actividad las variaciones mensuales corresponden a las de las series desestacionalizadas
2
Las variaciones corresponden a las ventas totales a precios constantes, deflactando con el Relevamiento de Precios Minoristas Estudio Bein & Asoc. para cada segmento (2004=100)
3
Variaciones acumuladas respecto a diciembre del año precedente
4
Para las Tasas de Interés las variaciones son en puntos porcentuales (p.p.) y los valores corresponden a los publicados por el Relevamiento de Expectativas de Mercado (REM) elaborado por el BCRA
5
Deflactado por Relevamiento de Precios Minoristas Estudio Bein
p
preliminar.

-1-
 Indicadores de Oferta y Demanda
(Var. % i.a.)
ago-13 sep-13 oct-13 nov-13 dic-13 ene-14 feb-14 mar-14 abr-14 may-14 jun-14 jul-14 ago-14
Indicadores de Oferta
Actividad Económica (EMAE) 5.0% 5.9% 3.2% 2.2% 2.7% 1.0% 0.9% -0.9% -0.7% -0.2% 0.0%
Industria INDEC (EMI) -0.4% -0.2% -0.5% -4.7% -5.4% -2.6% -0.5% -5.9% -4.0% -4.9% -0.3% -0.7%
Industria UIA Nivel General -0.1% 3.2% 1.7% -1.9% -0.8% 0.1% 0.2% -6.1% -3.7% -5.3% -1.0% -2.5%
Industria FIEL Nivel General 0% 6% 4% -3% 0% 2% 3% -10% -6% -8% -2% -6%
Construcción (ISAC) 11% 7% 6% 3% 5% 2% -6% -4% -3% -5% 1% -1%
Construcción (Índice Construya) 14.5% 16.9% 10.3% 12.9% 10.6% 11.0% 13.7% 0.1% -3.3% -10.3% -8.1% -14.9% -16.0%
Escrituras -19.4% -0.6% -1.8% -4.1% -1.1% -0.8% 16.2% -18.6% -1.9% -15.4% 19.8% -0.2%
Permisos de Edificación -21% -11% -13% 13% -10% 17% -5% 0% 0% 6% 8% 2%
Producción de Automotores (unidades) -12% 5% -5% -20% -26% -18% 0% -26% -22% -36% -20% -31% -35%
Producción de Automóviles (unidades) -17% 6% -7% -28% -40% -23% -9% -9% -31% -25% -42% -28% -36%
Cemento (Despachos Totales - cantidad) 25% 16% 16% 8% 15% 2% -4% -3% -7% -9% -3% -5% -7%
Importaciones de Bienes Intermedios (cantidades) -14% 2% -8% -13% -1% -4% 1% 3% -5% -5% 4% -9% -1%
Transporte de Carga (ISSP) 11% 4% -2% -2% -7% -33% -26% -18% -32% -13% -15% -16%
Indicadores de Demanda
Consumo
IVA DGI (deflactado por RPM EB) 2% 10% 14% 6% -6% 12% 8% -1% 13% -7% -9% -4% 0.3%
Ventas en Supermercados (Cantidades) 7% 2% 7% 11% 5% 8% 2% 2% 6% 7% 0.3% 1.2%
Ventas en Shoppings (Cantidades) 16% 7% 12% 16% 9% 18% 6% 6% 10% 4% -1% -6%
Consumo de Servicios Públicos (ISSP) 9% 8% 7% 6% 7% 6% 5% 4% 4% 5% 5% 4%
Consumo de Electricidad, Gas y Agua 2% 3% 2% -1% 6% 3% -1% 0% 1% 1% 2% 1%
Importaciones de Bienes de Consumo (cantidades) 20% 19% 7% 2% -5% -7% -5% -18% -16% -12% -1% -16% -11%
Ventas de automotores al mercado interno (unidades) 21% 30% 20% 7% 1% -19% -19% -36% -40% -41% -40% -33% -43%
Ventas de autos de producción nacional al mercado interno
-10% 7% 3% -4% -18% -25% -15% -32% -30% -25% -20% -17% -19%
Cemento (Despachos al mercado interno) 27% 17% 19% 9% 16% 3% -3% -2% -5% -8% -3% -5% -7%
Préstamos con Tarjetas (deflactado por RPM EB) 15% 14% 17% 16% 15% 14% 11% 8% 5% 4% 3% 0.1% -1.2%
Préstamos Personales (deflactado por RPM EB) 6% 7% 8% 7% 5% 3% -0.2% -4% -7% -9% -10% -11% -11%
Inversión
Importaciones de Bienes de Capital (cantidades) -6% -13% 11% -1% -7% -1% -1% -3% 7% -2% 19% 7% 8%
Gastos de Capital (deflactado por RPM EB) 23% 24% 47% 17% 11% 8% -3% -5% 14% -12% 15% 26%
Exportaciones Netas
Exportaciones (cantidades) 5% 9% 15% 12% -10% -5% -5% -12% -13% -16% -4% -6% -10%
Exportaciones de Automotores (unidades) -6% -9% -16% -25% -40% -19% 5% -31% -21% -39% -19% -39% -18%
Importaciones (cantidades) 1% 1% 1% -5% -7% -3% 2% -7% -13% -13% -6% -16% -16%
Importaciones de Automotores (unidades) 47% 49% 33% 16% 13% -16% -21% -39% -46% -50% -51% -43% -55%

-2-
 [Actividad y Empleo]
Indicadores Industriales
Cambio de base: Crecimientos comparados (Series Desestacionalizadas; Base 2006=100)
Var i.a. Variación acumulada 2004-2013: 142
Base vieja 1993=100: 76%
11 Base nueva 2004=100: 62,3% 138
Estudio Bein: 60,7%
9.2 9.2 9.1 9.2 134 EMI (INDEC) IPI - FIEL
8.5 8.5 8.7 8.9
9 9.2 8.5 8.8
8.6 130
8.4
8.0 126
7 6.8 7.0
122

5.3 118
5 4.9
4.0 114
Base nueva 2004=100
1.9
3.0 110
3 Base vieja 1993=100 3.1 0.9
Estudio Bein 106

1 0.8 0.9 102

0.1
98
2005 2006 2007 2008 2009 2010 2011 2012 2013
-1 94
90
-2.6 mar-06 ene-07 nov-07 sep-08 jul-09 may-10 mar-11 ene-12 nov-12 sep-13 jul-14
-3
Fuente: Estudio Bein & Asoc. en base a datos del INDEC Fuente: Estudio Bein & Asoc. en base a INDEC y FIEL.

PIB Mercado Laboral

(Var. % i.a.)
Tasa de Desempleo*
25% 45%
12%
Tasa de Subempleo
11%
10% Tasa de Empleo* (eje der.)

9% 43%
8% 20%
7%
6% 41%
5%
4% 15%
3%
2% 39%

1%
0% 10%
-1% Estudio Bein 37%
-2% INDEC Base 2004=100
-3% INDEC Base 1993=100
-4%
5% 35%
-5% IV-03 II-05 IV-06 II-08 IV-09 II-11 IV-12 II-14
I-05 III-05 I-06 III-06 I-07 III-07 I-08 III-08 I-09 III-09 I-10 III-10 I-11 III-11 I-12 III-12 I-13 III-13
*Corregida por Planes Jefas / Jefes de Hogar hasta el tercer trimestre del 2010.
Fuente: Estudio Bein & Asoc. en base a INDEC.
Fuente: Estudio Bein & Asoc. en base a INDEC.

[Precios y Salarios]
Precios Minoristas Precios Minoristas
(Var. % i.a.)
Var. % i.a. En p.p.
Diferencia Acumulada (eje der.)
41% 40% 240
25.5% 230
26% RPM GBA Estudio Bein
23.8% 38% 220
24% IPC GBA INDEC 22.9% 210
22.1% 35% IPC GBA INDEC
22% 200
19.6% 33% 190
20% RPM GBA Estudio Bein 19.0% 180
18% 30% 170
15.5% 160
16% 28% 150
14% 25% 140
12.5% 130
12% 10.9% 10.8%10.9% 23% 120
9.9% 9.5% 110
10% 8.5% 20% 100
8% 7.2% 7.7% 90
6.1% 18%
6% 80
3.1% 15% 70
4% 60
1.6% 13% 50
2% 0.7% 40
0.1% 0.3% 10%
0% 30
-0.7% 8% 20
-2% -1.5% 10
-1.8%
1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 5% 0
ene-07 sep-07 may-08 ene-09 sep-09 may-10 ene-11 sep-11 may-12 ene-13 sep-13 may-14
3.7%
Fuente: Estudio Bein & Asoc. en base a INDEC y Relevamientos Propios.
Fuente: Estudio Bein & Asoc. en base a INDEC y relevamientos propios.
IBS1
Salario Privado Registrado Salario Real
(Base dic-01 = 100) (Base Dic.-01=100)
150
170 145 Sector Privado Registrado
140 Nivel General
150 135
Sector Privado No Registrado
130
Sector Público
130 125
120
115
110
110
105
90
100
95
70
90
Salario Real
85
50 Salario en US$ deflactado por IPC USA
80
Productividad 75
30 Salario Costo (deflactado por precios mayoristas) 70
Salario en US$ 65
10
1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2001 2002 2003 2004 2005 2005 2006 2007 2008 2009 2010 2010 2011 2012 2013 2014

Fuente: Estudio Bein & Asoc. en base a INDEC. Fuente: Estudio Bein & Asoc. en base a INDEC.

-3-
 [Sector Público]
Sector Público Crecimiento de Recursos y Gasto
En Mill. de $
(Var % i.a. Promedio Móvil 3 Meses)
En % del PIB 65%
4%
Resultado Primario 50,000
47,000 55% Ingresos Totales (Sin Coparticipación) Gasto Primario (Sin Coparticipación)
3%
Resultado Financiero 44,000
41,000
2%
Intereses (eje der.) 38,000
45%
35,000
1%
32,000
29,000
0% 35%
26,000
23,000
-1% 20,000
17,000 25%
-2% 14,000
11,000
-3% 8,000 15%
5,000
-4% 2,000
5%
1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 (p) Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14

Fuente: Estudio Bein & Asoc. en base a INDEC. Fuente: Estudio Bein & Asoc. en base a INDEC.

DG15
Deuda Pública
Deuda 1
160% 220.000
(en % del PIB )
Intra Sector Público

En % del PIB* 70% Organismos Internacionales

140% 200.000
60.6% Club de París
En Mill de US$ (eje der.)
60% 54.3% Neta de obligaciones con el Sector Público y OI
120% 180.000 8.3%
50% 11.4% 46.0%
11.4%
100% 160.000 40.7% 40.9%
40% 5.8% 10.7% 37.7% 36.1%
32.6% 33.2% 33.4%
80% 140.000 4.6% 18.6%
30% 16.1% 25.6%
16.6%
17.0% 19.0% 20.7%
60% 120.000 20% 38.7% 3.6% 4.5%
35.1% 3.8%
29.1% 3.4% 3.5%
3.1% 3.1%
40% 100.000 10% 16.4% 11,9%
16.0% 14.3% 11.0% 10.0% 8.5% 10.2%
0%
20% 80.000
2005 2006 2007 2008 2009 2010 2011 2012 2013 (p) 2014 (p)
1995199619971998199920002001200220032004200520062007 20082009201020112012 1
El cálculo del PIB se efectua considerando el tipo de cambio promedio anual.
* PIB Corregido Estudio Bein.
Fuente: Estudio Bein & Asoc. en base a INDEC. Fuente: Estudio Bein & Asoc. en base a Subsec. de Financiamiento e INDEC

[Sector Externo y Monetarias]

Sector Externo Sector Externo
En % del PIB En Mill. de US$ Var. % i.a. 2007=100

18% 88.000 80% 130

Cuenta Corriente 128
70%
80.000 126
15% Balanza Comercial 60% 124
72.000
50% 122
Exportaciones (eje der.)
12% 64.000 120
40%
Importaciones (eje der.) 118
56.000 30% 116
9%
20% 114
48.000
112
6% 10% 110
40.000
0% 108
3% 32.000 106
-10%
104
24.000 -20% 102
0% 100
16.000 -30%
Exportaciones 98
-40%
-3% 8.000 Importaciones 96
-50% Términos del Intercambio (eje der.) 94
1995 1997 1999 2001 2003 2005 2007 2009 2011 2013
Jul-10 Nov-10 Mar-11 Jul-11 Nov-11 Mar-12 Jul-12 Nov-12 Mar-13 Jul-13 Nov-13 Mar-14 Jul-14
* Anualizado.
Fuente: Estudio Bein & Asoc. en base a INDEC.
Fuente: Estudio Bein & Asoc. en base a INDEC.

Reservas Internacionales - Composición1

TCRM EB1 Mill. de US$
(dic-01 = 1)
56,000
3.0

2.8 51,000

2.6 46,000
2.4
41,000
2.16
2.2
36,000
2.0
1.86
1.8 31,000
1.62 Totales
1.6 26,000
Netas de BIS
1.4 Netas de BIS y encajes
TCRM EB TCRB Dólar
1.26 21,000
1.2
TCRM portafolio promedio TCRB Real
16,000
1.0
ago-08 ago-09 ago-10 ago-11 ago-12 ago-13 ago-14
0.8
ago-02 ago-04 ago-06 ago-08 ago-10 ago-12 ago-14 1: Estimada
*Por encajes, en este caso, se considera la diferencia entre depósitos y préstamos.

Fuente: Estudio Bein & Asoc. Fuente: Estudio Bein & Asoc. en base a BCRA.

-4-
 TG4
TG4

Tasa Implícita NDF peso/dólar (NY) Tipo de Cambio Nominal y Tasa Badlar Bancos Privados
(en %) $/US$ %
110 8.3 30
8.0
100
1 año 7.7
90 25
1 mes 7.4
80 7.1
6.8 20
70
6.5
60 6.2
15
50 5.9
5.6
40
5.3 10
30 5.0
20 4.7
Tipo de cambio nominal 5
4.4
10 Badlar Bancos Privados
4.1
0 3.8 0
ene- abr- jul- oct- ene- abr- jul- oct- ene- abr- jul- oct- ene- ago-11 nov-11 feb-12 may-12 ago-12 nov-12 feb-13 may-13 ago-13 nov-13 feb-14 may-14 ago-14
11 11 11 11 12 12 12 12 13 13 13 13 14
Fuente: Estudio Bein & Asociados en base a Bloomberg
Fuente: Estudio Bein & Asociados en base a BCRA
M18
T4

Adelantos Transitorios del BCRA

Tipo de cambio
(en mill. de $)
(cotización en $) Límite
15.0
Marginal 220,000
14.0
Contado con Liquidación 200,000
13.0
Tipo de Cambio de Referencia 180,000
12.0
160,000
11.0
140,000
10.0
120,000
9.0
100,000
8.0
80,000
7.0
60,000
6.0
40,000
5.0
20,000
4.0
ago-12 nov-12 feb-13 may-13 ago-13 nov-13 feb-14 may-14 ago-14 0
ago-09 feb-10 ago-10 feb-11 ago-11 feb-12 ago-12 feb-13 ago-13 feb-14 ago-14
Fuente: Estudio Bein & Asoc. en base a Reuters.
Fuente: Estudio Bein & Asoc. en base a BCRA
C1 MG15

Mercado Cambiario
Indice Merval
(Promedio móvil 4 semanas desde ene-10, en mill. de US$)
(en puntos)
800 12,000
700
600 Merval en $
10,000 Merval CCL
500
400
300 8,000
200
100
0 6,000

-100 5,407
-200 Liquidación del CIARACEC 4,000 3,632
-300 Compra de Divisas del BCRA

-400
-500 2,000
890 520
-600
IV mar IV sep 10 IV mar IV sep 11 III mar III sep 12 III mar III sep 13 II mar II sep 14
0
ago-08 may-09 feb-10 nov-10 ago-11 may-12 feb-13 nov-13 ago-14
Fuente: Estudio Bein & Asoc. en base a CIARACEC y BCRA
Fuente: Estudio Bein & Asoc. en base a Bloomberg

-5-
 PIB (INDEC) INDUSTRIA CONSTRUCCIÓN SERVICIOS PÚBLICOS COMERCIO
1 Utilización de Cemento Centros de Compra
4 Automotores Supermercados
EMAE EMI la ISAC Despachos al ISSP (Shopping Centers)
Ventas al 2
Capacidad Merc. Int. Ventas Totales Ventas Totales
Producción Mercado Exportaciones 4
Base 1993=100 Base 2004=100 Instalada Base 2004=100 Miles de Tn. Base 2004=100 Base 2004=100 Base 2004=100
Interno
3 3
s.o. s.e. s.o. s.e. Unidades % s.o. s.e. s.o. s.o. s.e. Precios Corrientes Precios Constantes Precios Corrientes Precios Constantes
2007 151.9 151.9 125.8 126.4 544,647 564,926 316,410 74.0% 147.9 123.8 9,581.9 140.9 140.8 135 135.4 88.6 104.3
2008 162.2 132.0 132.5 597,086 611,769 351,092 74.8% 154.6 139.3 9,724.4 156.7 171 105.1
2009 163.5 132.6 132.7 512,924 487,142 322,495 73.6% 151.5 137.0 9,215.0 169.6 190 113.5
2010 178.5 145.5 680,000 698,299 447,955 77.7% 168.1 10,163.9 188.4 221 148.0
2011 194.3 155.0 828,771 883,350 506,715 78.7% 182.3 11,363.4 209.3 259 176.0
2012 198.0 152.4 764,495 830,058 413,472 74.5% 177.0 10,450.6 225.0 297 197.6
2013 199.4 154.5 766,545 825,187 411,323 72.7% 185.2 11,682.6 241.8 353 197.6
Variaciones p.p.
2008 6.8% 4.9% 9.6% 8.3% 11.0% 0.8 4.5% 1.5% 11.2% 26.6% 18.6%
2009 0.8% 0.5% -14.1% -20.4% -8.1% -1.3 -2.0% -5.2% 8.2% 10.8% 8.0%
2010 9.2% 9.7% 32.6% 43.3% 38.9% 4.1 11.0% 10.3% 11.1% 16.4% 30.4%
2011 8.9% 6.5% 21.9% 26.5% 13.1% 1.1 8.4% 11.8% 11.1% 17.1% 18.9%
Indicadores de Actividad

2012 1.9% -1.7% -7.8% -6.0% -18.4% -4.2 -2.9% -8.0% 7.5% 14.7% 12.3%
2013 0.7% 1.4% 0.3% -0.6% -0.5% -1.8 4.6% 11.8% 7.5% 18.8% 0.0%
Acum 2014 #¡DIV/0! #¡DIV/0! -24.8% -35.0% -24.8%
ene-13 184.4 202.4 138.7 156.5 44,061 58,070 24,195 65.6% 173.2 177.6 913.3 239.3 234.5 623.2 145.0 554.9 198.1
feb-13 186.9 203.5 138.2 154.2 52,911 67,696 24,646 71.5% 169.2 184.2 839.2 220.5 234.5 606.2 141.3 556.4 197.9
mar-13 205.0 205.3 156.2 156.5 79,031 77,185 41,591 72.7% 183.5 189.4 938.9 238.0 235.9 675.8 157.5 708.0 242.2
abr-13 217.6 208.2 158.4 159.2 75,496 85,533 40,864 75.9% 186.9 185.9 975.1 234.3 239.2 627.7 146.3 657.5 220.8
may-13 230.6 210.3 157.9 160.3 79,590 85,646 49,594 73.3% 193.5 188.0 1015.9 234.9 239.5 652.1 149.6 773.5 254.0
jun-13 210.9 208.9 147.3 160.1 63,461 88,541 42,621 71.5% 175.6 188.6 931.1 232.6 242.1 710.4 158.6 929.8 302.3
jul-13 210.3 207.0 151.9 160.6 71,895 81,425 39,289 71.1% 184.7 187.0 1015.2 247.4 243.9 717.3 157.4 917.7 294.0
ago-13 210.7 208.0 156.6 158.2 69,922 88,922 33,528 73.0% 193.9 184.9 1079.3 247.3 244.4 748.1 160.1 849.6 268.4
sep-13 205.6 207.9 156.0 156.9 71,928 85,300 36,489 75.2% 190.8 184.9 1051.4 244.8 244.6 709.5 150.3 781.2 239.0
oct-13 207.6 207.0 162.9 159.1 75,604 81,358 42,873 75.4% 202.5 184.9 1151.4 252.5 246.4 758.9 158.8 920.5 277.9
nov-13 211.5 207.1 156.7 153.7 62,186 75,274 33,733 75.3% 193.6 181.6 1062.1 248.6 245.9 809.3 165.0 851.0 253.3
dic-13 211.7 207.2 153.4 152.6 44,922 88,967 23,872 72.1% 174.4 183.9 927.7 261.1 249.3 1019.2 200.2 1,402.6 414.7
ene-14 214.2 206.4 135.1 155.1 36,156 46,766 19,570 63.7% 176.8 181.1 931.7 252.7 247.3 842.4 157.1 788.8 233.0
feb-14 217.0 205.8 137.5 155.4 52,941 54,793 25,991 70.1% 159.8 174.6 802.6 231.9 246.9 799.6 144.5 735.9 210.2
mar-14 215.1 203.9 147.0 152.6 58,319 49,747 28,787 67.9% 175.8 178.1 911.0 248.3 247.1 917.8 161.2 939.4 255.6
abr-14 214.0 202.9 152.0 154.0 59,165 51,346 32,479 73.0% 182.1 184.7 905.6 242.8 248.7 900.2 155.5 930.1 243.7
may-14 213.6 203.9 150.2 153.7 50,938 50,648 30,130 70.8% 184.6 180.0 929.2 246.4 251.2 951.8 160.6 1,033.6 265.4
jun-14 213.6 204.5 146.9 156.9 50,904 53,131 34,418 71.1% 176.7 187.6 899.3 243.7 253.2 961.3 159.1 1,169.9 300.4
jul-14 150.8 156.7 49,324 54,184 24,085 70.7% 182.0 183.1 967.7 258.3 254.3 968.7 159.3 1,078.6 276.9
ago-14 45,787 51,112 27,442 1004.0
Acum 2013 536,367 633,018 296,328 7,708
Acum 2014 403,534 411,727 222,902 7,351
Variaciones i.a. m/m i.a. m/m i.a. i.a. i.a. i.a. ; p.p. i.a. m/m i.a. i.a. m/m i.a. i.a. i.a. i.a.
ene-13 3.6% 0.4% 0.2% 0.6% 4.9% -7.7% -8.2% -2.0 -1.9% 0.9% 4.4% 7.1% 0.9% 24.2% -1.2% 17.2% -0.3%
feb-13 2.7% 0.5% -4.4% -1.5% -2.3% 6.0% -15.3% -3.8 1.0% 3.7% 7.1% 6.0% 0.0% 22.5% -1.2% 18.1% 0.5%
mar-13 2.9% 0.9% 0.2% 1.5% 16.8% 13.4% 43.1% -2.6 -2.9% 2.8% -3.5% 6.2% 0.6% 27.7% 7.4% 38.1% 17.8%
abr-13 8.6% 1.4% 1.7% 1.7% 37.8% 30.1% 34.2% -3.0 11.4% -1.8% 22.1% 9.0% 1.4% 16.4% -1.3% 8.4% -6.5%
Series Estadísticas

may-13 9.2% 1.0% 5.1% 0.7% 32.2% 32.3% 73.1% 0.2 7.4% 1.1% 14.3% 7.2% 0.1% 28.1% 8.7% 38.4% 18.6%
jun-13 6.9% -0.7% 3.9% -0.1% 19.8% 22.1% 42.6% -0.5 2.1% 0.3% 2.8% 8.3% 1.1% 28.3% 7.8% 30.2% 11.2%
jul-13 5.7% -0.9% 2.6% 0.3% 9.1% 22.2% 37.9% -0.2 6.5% -0.8% 11.3% 8.6% 0.7% 24.5% 3.5% 31.1% 11.1%
ago-13 5.0% 0.5% -0.4% -1.5% -12.2% 20.8% -6.5% -1.0 10.7% -1.1% 25.4% 8.8% 0.2% 28.7% 6.7% 36.6% 15.8%
sep-13 5.9% 0.0% -0.2% -0.8% 4.7% 29.9% -8.7% -0.6 7.4% 0.0% 15.9% 7.8% 0.1% 22.8% 2.0% 25.6% 6.6%
oct-13 3.2% -0.4% -0.5% 1.4% -4.8% 20.3% -16.4% -1.0 6.2% 0.0% 16.2% 7.2% 0.7% 27.3% 6.9% 32.0% 11.7%
nov-13 2.2% 0.0% -4.7% -3.4% -20.2% 6.9% -24.6% -3.2 2.9% -1.8% 8.1% 5.9% -0.2% 33.8% 10.6% 37.7% 16.4%
dic-13 2.7% 0.0% -5.4% -0.7% -26.4% 0.7% -39.9% -3.7 5.3% 1.3% 14.7% 7.4% 1.4% 32.1% 5.2% 30.5% 8.9%
ene-14 1.2% -0.4% -2.6% 1.6% -17.9% -19.5% -19.1% -1.9 2.1% -1.5% 2.0% 5.6% -0.8% 35.2% 8.3% 42.1% 17.6%
feb-14 1.3% -0.3% -0.5% 0.2% 0.1% -19.1% 5.5% -1.4 -5.6% -3.6% -4.4% 5.2% -0.2% 31.9% 2.3% 32.3% 6.2%
mar-14 -0.9% -0.9% -5.9% -1.8% -26.2% -35.5% -30.8% -4.8 -4.2% 2.0% -3.0% 4.3% 0.1% 35.8% 2.4% 32.7% 5.5%
abr-14 -0.5% -0.5% -4.0% 0.9% -21.6% -40.0% -20.5% -2.9 -2.6% 3.7% -7.1% 3.6% 0.6% 43.4% 6.3% 41.5% 10.4%
may-14 -0.2% 0.5% -4.9% -0.2% -36.0% -40.9% -39.2% -2.5 -4.6% -2.5% -8.5% 4.9% 1.0% 46.0% 7.4% 33.6% 4.5%
jun-14 0.0% 0.3% -0.3% 2.1% -19.8% -40.0% -19.2% -0.4 0.6% 4.2% -3.4% 4.8% 0.8% 35.3% 0.3% 25.8% -0.6%
jul-14 -0.7% -0.1% -31.4% -33.5% -38.7% -0.4 -1.5% -2.4% -4.7% 4.4% 0.4% 35.0% 1.2% 17.5% -5.8%
ago-14 -34.5% -42.5% -18.2% -7.0%
1
FUENTE: ADEFA (Asociación de Fábricas de Automotores).
2
FUENTE: AFCP (Asociación de Fabricantes de Cemento Portland).
3
A partir de 2007 deflactado por Relevamiento de Precios Minoristas Estudio Bein & Asoc.
4
Dado el cambio de base y la no publicación de la nueva serie, empalmamos con regla de tres simple a partir de enero 2010
s.o.: Serie Original
s.e.: Serie Desestacionalizada

-6-
 Relevamiento de Precios Minoristas (ESTUDIO BEIN) TIPO DE CAMBIO1

RPM GBA RPM Resto GBA CBA CBT

2 Real Multilateral (TCRM)
Nominal (TCN)
Nivel General Estacionales Regulados Nivel General Bienes Servicios (Deflactado por RPM Estudio Bein)

Base Abril 2008=100 $/US$ $/Canasta

var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. Valor (en $) var i.a. Valor (en $) var i.a. Nivel var. m/m var i.a. Nivel var. m/m var i.a.
2007 19.6% 36.7% 6.4% 23.3% 18.8% 30.4% $ 654.2 41.5% $ 1,413.1 40.8% 3.140 2.6% 2.302 -2.3%
2008 19.0% 15.1% 9.9% 21.3% 20.4% 22.6% $ 763.9 16.8% $ 1,685.6 19.3% 3.423 9.0% 2.140 -7.0%
2009 15.5% 22.9% 18.0% 13.9% 15.5% 11.6% $ 939.3 23.0% $ 2,100.2 24.6% 3.807 11.2% 2.116 -1.1%
2010 22.9% 18.4% 11.3% 25.7% 27.4% 23.2% $ 1,323.5 40.9% $ 2,865.2 36.4% 3.978 4.5% 2.000 -5.5%
2011 22.1% 28.8% 18.9% 21.4% 19.6% 24.1% $ 1,702.1 28.6% $ 3,767.8 31.5% 4.289 7.8% 1.919 -5.5%
2012 23.8% 31.8% 23.9% 22.4% 22.4% 22.3% $ 2,261.3 32.9% $ 5,073.7 34.7% 4.880 13.8% 1.660 -5.5%
2013 25.5% 21.4% 21.0% 27.0% 27.0% 26.9% $ 2,958.7 30.8% $ 6,716.3 32.4% 6.319 29.5% 1.631 -5.5%
ene-13 2.5% 25.2% 4.3% 33.4% 5.8% 30.0% 1.7% 22.9% 1.9% 23.4% 1.4% 22.3% $ 2,308.4 32.1% $ 5,241.2 34.9% 4.949 1.4% 14.5% 1.622 0.1% -7.8%
feb-13 1.2% 24.9% -1.4% 25.1% 0.2% 27.3% 1.9% 24.5% 0.7% 23.3% 3.7% 26.3% $ 2,301.0 27.3% $ 5,227.9 30.5% 5.011 1.3% 15.3% 1.644 1.4% -8.3%
mar-13 1.0% 22.5% -0.1% 24.0% 0.0% 27.0% 1.3% 21.5% 0.0% 18.4% 3.1% 26.1% $ 2,278.1 20.3% $ 5,184.1 23.8% 5.084 1.5% 16.8% 1.646 0.1% -4.7%
Indicadores de Precios I

abr-13 1.0% 21.5% -0.2% 23.5% 1.4% 25.7% 1.2% 20.5% 0.6% 16.3% 1.9% 26.8% $ 2,256.1 18.3% $ 5,143.9 22.2% 5.088 0.1% 15.7% 1.654 0.5% -2.6%
may-13 1.1% 21.5% 0.1% 25.4% 1.6% 27.3% 1.2% 19.9% 1.1% 16.0% 1.4% 25.5% $ 2,261.4 17.1% $ 5,156.0 20.7% 5.240 3.0% 17.7% 1.653 0.0% 0.4%
jun-13 2.0% 22.0% -0.6% 20.0% 0.8% 28.0% 2.7% 21.5% 3.0% 17.6% 2.3% 27.3% $ 2,293.9 14.5% $ 5,276.0 19.1% 5.329 1.7% 18.5% 1.613 -2.4% 0.4%
jul-13 2.4% 22.7% 4.2% 19.9% 0.8% 26.4% 2.3% 22.6% 2.1% 18.7% 2.5% 28.3% $ 2,384.7 17.5% $ 5,460.9 21.2% 5.441 2.1% 19.5% 1.585 -1.7% -1.1%
ago-13 2.0% 22.7% 3.2% 23.1% 1.6% 23.2% 1.8% 22.5% 2.6% 19.6% 0.7% 26.7% $ 2,484.9 18.4% $ 5,665.5 21.4% 5.581 2.6% 21.1% 1.579 -0.4% -1.8%
sep-13 1.3% 22.4% 3.5% 23.5% 1.3% 23.6% 0.9% 22.0% 1.4% 20.0% 0.3% 25.0% $ 2,562.8 21.6% $ 5,868.9 25.1% 5.737 2.8% 22.9% 1.631 3.3% 0.1%
oct-13 2.1% 22.4% 3.8% 25.2% 1.1% 21.9% 1.9% 22.0% 1.5% 19.0% 2.5% 26.3% $ 2,655.6 23.1% $ 6,054.7 26.0% 5.848 1.9% 23.6% 1.662 1.9% 2.3%
nov-13 2.5% 23.3% 0.8% 18.1% 3.2% 23.3% 2.8% 24.4% 3.8% 22.9% 1.3% 26.6% $ 2,803.0 23.4% $ 6,362.7 25.4% 6.015 2.9% 25.4% 1.635 -1.6% 1.7%
dic-13 3.8% 25.5% 2.1% 21.4% 1.6% 21.0% 4.5% 27.0% 5.6% 27.0% 2.9% 26.9% $ 2,958.7 30.8% $ 6,716.3 32.4% 6.319 5.1% 29.5% 1.654 1.1% 2.2%
ene-14 4.4% 27.7% 3.7% 20.7% 14.8% 31.4% 3.0% 28.6% 3.0% 28.4% 2.9% 28.8% $ 2,897.8 25.5% $ 6,578.0 25.5% 7.097 12.3% 43.4% 1.767 6.8% 9.0%
feb-14 3.2% 30.3% 4.6% 28.1% 2.7% 34.8% 3.1% 30.0% 4.5% 33.3% 0.9% 25.4% $ 3,070.9 33.5% $ 6,970.9 33.3% 7.857 10.7% 56.8% 1.895 7.2% 15.2%
mar-14 3.0% 32.9% 2.2% 31.1% 2.2% 37.7% 3.3% 32.5% 1.3% 35.0% 6.3% 29.1% $ 3,164.7 38.9% $ 7,183.8 38.6% 7.931 1.0% 56.0% 1.887 -0.4% 14.6%
abr-14 2.0% 34.2% -1.7% 29.1% 3.3% 40.4% 2.5% 34.3% 2.1% 37.0% 3.0% 30.6% $ 3,134.6 38.9% $ 7,115.7 38.3% 8.001 0.9% 57.2% 1.901 0.7% 14.9%
may-14 1.9% 35.3% -1.9% 26.6% 6.0% 46.4% 1.9% 35.2% 2.0% 38.2% 1.8% 31.2% $ 3,139.5 38.8% $ 7,126.6 38.2% 8.043 0.5% 53.5% 1.885 -0.8% 14.1%
jun-14 1.6% 34.7% 0.9% 28.6% 2.4% 48.7% 1.6% 33.7% 1.4% 36.1% 1.8% 30.6% $ 3,197.6 39.4% $ 7,258.6 37.6% 8.126 1.0% 52.5% 1.873 -0.7% 16.1%
jul-14 2.2% 34.5% 3.0% 27.0% 3.8% 53.3% 1.7% 33.0% 1.1% 34.8% 2.6% 30.6% $ 3,258.1 36.6% $ 7,395.9 35.4% 8.161 0.4% 50.0% 1.849 -1.3% 16.6%
ago-14 2.0% 34.5% -0.7% 22.2% 2.1% 54.1% 2.4% 33.8% 2.1% 34.1% 2.8% 33.4% $ 3,342.3 34.5% $ 7,586.9 33.9% 8.316 1.9% 49.0%
1
Datos a diciembre para los niveles y variaciones anuales.
2
Según Comunicación "A" 3500 del BCRA.

-7-
 Relevamiento de Precios Minoristas ESTUDIO BEIN1
Transporte y
Nivel General Alimentos y Bebidas Indumentaria Vivienda Equipamiento del Hogar Salud Esparcimiento Educación Bienes y Servicios Varios
Comunicaciones
var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a.
2006 9.8% 10.5% 14.6% 10.8% 8.4% 7.8% 6.1% 10.7% 19.9% 5.4%
2007 19.6% 28.2% 12.2% 13.5% 11.1% 23.3% 11.2% 13.9% 28.8% 11.2%
2008 19.0% 23.4% 6.6% 14.7% 23.4% 17.8% 12.6% 15.1% 34.4% 16.2%
2009 15.5% 16.2% 12.2% 15.1% 18.4% 13.6% 13.8% 15.7% 16.5% 18.0%
2010 22.9% 31.3% 14.6% 16.7% 17.0% 21.7% 10.1% 20.8% 23.8% 18.5%
2011 22.1% 24.3% 17.4% 19.5% 18.8% 24.9% 16.7% 19.1% 27.9% 22.6%
2012 23.8% 27.7% 15.3% 19.5% 20.1% 17.3% 24.1% 25.6% 24.0% 17.2%
2013 25.2% 27.7% 15.3% 19.5% 20.1% 17.3% 24.1% 25.6% 24.0% 17.2%
ene-12 1.4% 21.6% 1.3% 22.8% -2.1% 17.6% 0.7% 19.3% 0.4% 18.3% 4.5% 24.9% 1.1% 16.0% 3.5% 21.9% 0.1% 27.2% 0.7% 23.6%
feb-12 1.4% 21.6% 2.1% 23.8% -1.4% 18.0% 1.0% 16.3% 0.9% 20.3% 0.0% 20.0% 2.3% 17.1% 1.6% 24.6% 0.2% 26.7% 1.3% 20.2%
mar-12 2.9% 22.9% 4.6% 27.1% 5.0% 18.1% 2.1% 17.9% 0.8% 20.6% 0.0% 19.2% 0.4% 16.8% -1.2% 24.8% 9.5% 23.0% 2.3% 19.4%
Indicadores de Precios II

abr-12 1.8% 22.9% 1.6% 27.0% 4.0% 17.4% 0.7% 17.8% 0.0% 19.3% 0.6% 18.8% 1.6% 16.8% 3.3% 26.0% 5.0% 23.1% 3.2% 20.6%
may-12 1.1% 22.9% 0.7% 27.1% 0.6% 13.7% 2.7% 19.7% 0.7% 17.9% 2.7% 21.9% 0.4% 15.3% -0.8% 24.8% 4.9% 23.1% 1.4% 21.6%
jun-12 1.5% 22.9% 2.2% 27.5% 1.0% 13.3% 0.7% 17.6% 0.6% 18.0% 1.4% 23.6% 0.6% 14.8% 2.5% 25.2% 0.2% 23.1% 0.0% 20.4%
jul-12 1.8% 23.0% 1.7% 26.3% -2.1% 13.6% 2.9% 22.7% 1.2% 18.5% 0.1% 23.6% 1.7% 14.7% 7.1% 26.6% 0.3% 23.1% 1.6% 19.5%
ago-12 1.9% 22.9% 2.1% 25.9% -0.8% 14.1% 0.8% 22.7% 1.0% 19.0% 1.2% 17.1% 5.8% 20.1% 1.1% 27.5% 0.1% 23.0% 2.4% 18.9%
sep-12 1.5% 23.1% 1.9% 26.4% 7.2% 15.0% 0.8% 20.4% 1.0% 20.0% 1.0% 17.7% 1.0% 20.1% 0.6% 27.2% 0.2% 22.7% 0.8% 19.3%
oct-12 2.1% 24.2% 3.1% 28.7% 1.9% 14.8% 0.7% 17.9% 1.0% 20.3% 2.0% 19.7% 1.7% 21.8% 0.8% 25.8% 0.4% 23.2% 1.3% 20.6%
nov-12 1.8% 24.3% 2.2% 28.2% 1.0% 15.1% 0.8% 15.8% 0.0% 18.9% 1.6% 21.6% 2.6% 24.9% 2.0% 27.6% 1.0% 23.8% 0.7% 17.9%
dic-12 2.0% 23.8% 1.0% 27.7% 0.5% 15.3% 3.9% 19.5% 11.2% 20.1% 1.1% 17.3% 2.9% 24.1% 2.7% 25.6% 0.4% 24.0% 0.4% 17.2%
ene-13 2.5% 25.2% 2.0% 28.5% -1.8% 15.6% 0.8% 19.5% 0.5% 20.2% 3.5% 16.2% 7.2% 31.6% 5.6% 28.1% 0.1% 24.0% 2.1% 18.9%
feb-13 1.2% 24.9% 0.7% 26.7% -1.0% 16.1% 7.0% 26.6% 1.9% 21.3% 1.9% 18.4% 0.1% 28.8% 0.4% 26.6% 1.0% 25.0% 0.3% 17.6%
mar-13 1.0% 22.5% -0.4% 20.6% 4.9% 16.0% 0.7% 24.9% 0.3% 20.7% 0.1% 18.5% 0.1% 28.5% -0.1% 28.1% 18.5% 35.3% 0.4% 15.5%
abr-13 1.0% 21.5% 0.3% 19.0% 3.5% 15.5% 0.7% 24.8% 0.1% 20.7% 0.5% 18.4% 1.3% 28.1% 1.2% 25.5% 6.5% 37.2% 0.4% 12.4%
may-13 1.1% 21.5% 0.8% 19.1% 0.9% 15.9% 1.6% 23.5% 1.3% 21.5% 0.8% 16.3% 1.1% 29.1% 2.3% 29.4% 0.2% 31.1% 2.6% 13.8%
jun-13 2.0% 22.0% 2.5% 19.4% 1.0% 15.9% 0.9% 23.6% 1.4% 22.5% 3.4% 18.6% 1.2% 29.9% 2.1% 28.8% 0.2% 31.1% 2.4% 16.5%
jul-13 2.4% 22.7% 2.8% 20.6% -1.7% 16.4% 1.4% 21.9% 1.6% 22.9% 2.1% 20.9% 0.7% 28.5% 6.3% 27.8% 3.4% 35.2% 1.0% 15.9%
ago-13 2.0% 22.7% 3.1% 21.8% -0.5% 16.8% 1.4% 22.5% 0.5% 22.2% 0.0% 19.6% 2.3% 24.3% 2.0% 29.0% 0.5% 35.8% 0.5% 13.7%
sep-13 1.3% 22.4% 1.5% 21.4% 8.3% 18.0% 0.8% 22.5% 0.5% 21.6% 1.0% 19.6% 0.7% 23.9% -0.4% 27.7% 0.2% 35.8% 2.2% 15.2%
oct-13 2.1% 22.4% 2.2% 20.3% 2.1% 18.2% 0.9% 22.7% 0.1% 20.6% 6.8% 25.1% 0.9% 22.9% 1.8% 28.9% 0.3% 35.6% 2.6% 16.7%
nov-13 2.5% 23.3% 4.1% 22.5% 1.8% 19.1% 0.9% 22.8% 0.5% 21.1% 0.0% 23.2% 3.4% 23.8% 2.0% 28.9% 0.2% 34.6% 0.1% 16.0%
dic-13 3.8% 25.5% 5.2% 27.6% 1.4% 20.2% 1.7% 20.1% 12.5% 22.6% 1.0% 23.1% 1.5% 22.1% 2.7% 29.0% 0.2% 34.4% 3.6% 19.7%
ene-14 4.4% 27.7% 1.1% 26.5% -1.4% 20.7% 0.8% 20.2% 1.5% 23.9% 10.9% 31.9% 20.0% 36.6% 8.7% 32.8% 0.1% 34.5% 0.8% 18.2%
feb-14 3.2% 30.3% 4.1% 30.8% 0.5% 22.5% 1.0% 13.5% 6.6% 29.6% 1.3% 31.1% 2.6% 40.0% 3.8% 37.2% 0.4% 33.6% 4.6% 23.2%
mar-14 3.0% 32.9% 2.1% 34.1% 8.0% 26.1% 4.0% 17.1% -0.7% 28.4% 3.0% 34.9% 1.8% 42.4% -0.5% 36.7% 20.8% 36.2% 2.1% 25.3%
abr-14 2.0% 34.2% 1.8% 36.1% 3.2% 25.7% 3.7% 20.6% 0.9% 29.5% 0.6% 35.0% 1.7% 43.0% 3.6% 40.0% 3.5% 32.4% 0.2% 25.1%
may-14 1.9% 35.3% 1.8% 37.4% 1.5% 26.5% 6.1% 26.0% 0.4% 28.3% 0.6% 34.7% 1.0% 42.8% -0.1% 36.7% 0.0% 32.1% 10.5% 34.7%
jun-14 1.6% 34.7% 1.9% 36.6% -0.6% 24.5% 4.2% 30.1% 0.9% 27.6% 1.5% 32.2% 1.5% 43.3% 0.6% 34.8% 0.0% 31.8% 0.6% 32.3%
jul-14 2.2% 34.5% 1.9% 35.4% -2.6% 23.3% 5.8% 35.8% 0.7% 26.6% 1.7% 31.7% 2.8% 46.2% 4.1% 32.1% 0.3% 27.9% 1.0% 32.2%
ago-14 2.0% 34.5% 2.4% 34.5% -0.3% 23.5% 5.4% 41.2% 0.5% 26.6% 2.9% 35.5% 0.1% 43.1% -0.1% 29.3% 0.1% 27.4% 4.1% 37.0%
1
Difiere del índice publicado por el INDEC a partir de enero de 2007

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 COSTO de la
PRECIOS MINORISTAS (INDEC) CANASTA BASICA (INDEC) PRECIOS MAYORISTAS (INDEC)
CONSTRUCCIÓN
IPC GBA IPIM ICC
Alimentaria (CBA) Total (CBT)
Nivel General Estacionales Regulados Resto Nivel General Productos Primarios Manufacturados Índice Nivel General

Base Abril 2008=100 $ Base 1993=100 Base 1993=100

var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a.
2003 3.7% 6.0% 4.7% 3.1% 0.0% -0.4% 2.0% 1.4% 3.9% 10.1%
2004 6.1% 5.8% 5.1% 6.4% 2.5% 3.4% 7.9% 1.4% 10.2% 11.7%
2005 12.3% 14.2% 3.7% 14.2% 15.0% 12.4% 10.6% 21.4% 8.3% 21.0%
2006 9.8% 18.3% 2.7% 10.2% 7.7% 8.2% 7.2% 6.1% 7.5% 18.0%
2007 8.5% -7.5% 8.1% 10.7% 6.7% 6.2% 14.6% 12.9% 15.3% 21.4%
2008 7.2% 0.0% 5.4% 8.9% 0.4% 2.6% 8.8% -0.1% 11.4% 15.0%
2009 7.7% 10.5% 10.2% 6.7% 8.5% 10.0% 10.3% 16.5% 9.5% 10.9%
2010 10.9% 19.1% 5.2% 11.5% 20.1% 16.3% 14.6% 18.1% 13.6% 21.5%
2011
dic-11 9.5% 18.1% 7.1% 9.2% 9.7% 12.1% 12.7% 13.8% 12.7% 17.3%
ene-13 1.1% 11.1% -1.4% 14.6% 5.3% 18.2% 0.4% 11.0% 0.2% 12.4% 1.4% 14.9% 1.0% 13.2% 1.9% 13.8% 0.7% 13.2% 0.4% 20.0%
Indicadores de Precios III

feb-13 0.5% 10.8% -1.4% 14.5% 0.6% 18.0% 0.7% 10.7% 0.1% 11.2% 0.2% 14.0% 1.1% 13.3% 1.0% 12.6% 1.0% 13.7% 0.7% 19.2%
mar-13 0.7% 10.6% 0.1% 12.5% 0.4% 18.2% 0.9% 10.6% 0.5% 9.9% 0.7% 13.1% 1.0% 13.1% 1.3% 12.1% 1.0% 13.6% 2.9% 21.6%
abr-13 0.7% 10.5% 0.9% 11.2% 1.0% 18.9% 0.6% 10.3% 0.1% 8.6% 0.3% 12.3% 1.0% 12.9% 0.6% 12.6% 1.0% 13.1% 0.6% 14.7%
may-13 0.7% 10.3% -0.3% 8.8% 0.6% 19.1% 0.8% 10.3% -0.2% 7.5% -0.2% 10.8% 1.3% 13.1% 0.4% 12.6% 1.6% 13.5% 0.7% 18.9%
jun-13 0.8% 10.5% 0.5% 6.9% 0.4% 19.3% 1.0% 10.8% 0.9% 7.2% 1.6% 11.4% 1.3% 13.5% 1.0% 12.6% 1.5% 14.1% 7.3% 18.9%
jul-13 0.9% 10.6% 2.2% 7.3% 0.5% 19.4% 0.9% 10.9% 1.4% 7.6% 1.2% 11.2% 1.1% 13.7% 1.0% 13.4% 1.2% 14.0% -0.1% 17.1%
ago-13 0.8% 10.5% 2.6% 8.1% 0.5% 17.5% 0.7% 11.2% 1.1% 7.2% 0.5% 9.8% 1.1% 13.8% 1.7% 14.1% 0.9% 13.8% 2.0% 17.9%
sep-13 0.8% 10.5% 2.4% 8.5% 0.2% 17.0% 0.8% 11.2% 0.2% 6.1% 0.6% 9.0% 1.1% 13.8% 1.4% 13.8% 0.9% 13.7% 2.3% 20.1%
oct-13 0.9% 10.5% 3.4% 9.8% 0.3% 17.0% 0.7% 11.1% 1.2% 6.5% 1.0% 9.2% 1.1% 13.9% 1.7% 14.5% 0.9% 13.6% 0.5% 20.4%
nov-13 0.9% 10.5% 0.2% 9.3% 0.9% 14.7% 1.0% 11.7% 1.3% 7.4% 0.9% 9.4% 1.2% 14.2% 2.4% 16.7% 0.8% 13.1% 0.8% 19.8%
dic-13 1.4% 10.9% 1.1% 10.7% 1.0% 12.2% 1.6% 10.6% 2.3% 9.5% 1.9% 10.6% 1.5% 14.8% 0.6% 16.1% 1.7% 13.9% 1.2% 20.9%
ene-14 (1) 3.7% 13.8% nd nd nd nd nd nd nd nd nd nd 5.0% 19.2% 8.0% 23.0% 3.8% 17.4% 1.8% 22.6%
feb-14 3.4% 17.1% nd nd nd nd nd nd nd nd nd nd 5.1% 24.0% 5.8% 28.8% 4.5% 21.4% 4.0% 26.5%
mar-14 2.6% 19.2% nd nd nd nd nd nd nd nd nd nd 2.4% 25.8% 1.5% 29.2% 2.8% 23.6% 1.7% 25.1%
abr-14 1.8% 20.5% nd nd nd nd nd nd nd nd nd nd 1.7% 26.7% 0.5% 29.0% 2.2% 25.0% 7.8% 34.1%
may-14 1.4% 21.4% nd nd nd nd nd nd nd nd nd nd 1.9% 27.5% 2.3% 31.5% 1.9% 25.4% 1.8% 35.6%
jun-14 1.3% 21.9% nd nd nd nd nd nd nd nd nd nd 1.5% 27.7% 1.7% 32.4% 1.6% 25.4% 0.9% 27.5%
jul-14 1.4% 22.5% nd nd nd nd nd nd nd nd nd nd 1.3% 27.9% 1.1% 32.5% 1.5% 25.8% 4.7% 33.6%
ago-14 1.3% 23.2% nd nd nd nd nd nd nd nd nd nd 1.4% 28.3% 1.5% 32.2% 1.4% 26.5% 1.1% 34.4%
(1) A partir de enero de 2014 el INDEC publica el IPCNu, con alcance nacional y una menor subestimación en relación a lo ocurrido desde principios de 2007. Sólo publica la variación mensual, por lo que las variaciones interanuales corresponden al empalme simple con la serie anterior.

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 1
PRECIOS MATERIAS PRIMAS SELECCIONADAS
3 3 3 3 3 3 3 3 3
Poroto de Soja Aceite de Soja Pellets de Soja Maíz Trigo Petróleo Crudo Aluminio Carne vacuna Cobre IPMP
Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Precio $/bbl var i.a. Precio $/mt var i.a. Precio c/kg var i.a. Precio $/mt var i.a. Indice var i.a
Base 1995=100
2003 327 34.6% 625 8.3% 270 45.2% 109 -0.4% 161 -9.3% 29 18.7% 1,508 9.9% 244 35.8% 2,055 29.9% 98 20.5%
2004 260 -20.5% 567 -9.3% 193 -28.5% 94 -13.5% 157 -2.7% 42 44.7% 1,814 20.3% 261 6.9% 3,123 52.0% 93 -5.3%
2005 256 -1.6% 560 -1.2% 200 3.6% 95 1.7% 161 2.9% 55 30.6% 2,051 13.1% 258 -1.2% 4,269 36.7% 103 10.5%
2006 300 17.3% 675 20.5% 232 16.0% 165 72.5% 210 30.2% 58 5.6% 2,703 31.8% 268 3.9% 7,029 64.7% 122 18.3%
2007 489 63.0% 1,138 68.6% 397 71.1% 171 4.1% 322 53.5% 91 57.1% 2,507 -7.2% 260 -2.8% 6,967 -0.9% 180 47.5%
2008 378 -22.7% 824 -27.6% 323 -18.6% 164 -4.4% 227 -29.5% 54 -40.9% 1,852 -26.1% 254 -2.6% 3,717 -46.6% 121 -32.5%
2009 450 19.0% 935 13.5% 401 24.1% 165 0.5% 206 -9.0% 75 38.7% 2,180 17.7% 280 10.5% 6,982 87.8% 153 26.2%
2010 547 21.6% 1,322 41.4% 433 8.0% 250 52.1% 307 48.6% 90 20.2% 2,351 7.8% 374 33.7% 9,147 31.0% 188 22.7%
2011 474 -13.3% 1,204 -8.9% 342 -21.0% 259 3.3% 269 -12.2% 104 15.8% 2,022 -14.0% 419 11.9% 7,565 -17.3% 175 -6.6%
2012 607 28.1% 1,163 -3.4% 580 69.6% 309 19.3% 348 29.4% 101 -2.9% 2,087 3.2% 432 3.0% 7,967 5.3% 219 24.8%
2013 568 -6.4% 989 -15.0% 564 -2.8% 197 -36.0% 292 -16.2% 106 4.3% 1,740 -16.6% 411 -4.8% 7,215 -9.4%
Variaciones Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Precio $/mt var i.a. Indice var i.a.
ene-13 592 18.9% 1,190 -2.3% 538 46.6% 303 11.1% 336 22.0% 105 -1.8% 2,038 -5.0% 431 2.6% 8,047 0.1% 213 16.7%
Indicadores de Precios IV

feb-13 596 16.4% 1,175 -6.4% 535 38.2% 303 8.3% 319 14.8% 108 -4.5% 2,054 -7.0% 428 0.1% 8,061 -4.5% 212 11.8%
mar-13 511 -5.9% 1,116 -13.3% 520 23.5% 309 10.1% 310 9.1% 103 -13.0% 1,910 -12.6% 423 -1.0% 7,646 -9.7% 204 3.6%
abr-13 495 -13.9% 1,095 -16.4% 484 4.5% 280 2.2% 308 15.8% 99 -13.0% 1,862 -9.2% 426 0.6% 7,234 -12.7% 194 -4.0%
may-13 497 -13.3% 1,073 -11.9% 543 9.5% 296 9.7% 320 20.9% 99 -4.5% 1,832 -8.7% 420 2.2% 7,249 -8.9% 201 0.2%
jun-13 524 -7.6% 1,041 -11.8% 558 10.7% 298 11.6% 313 13.5% 100 9.9% 1,815 -4.0% 387 -4.4% 7,000 -5.7% 202 1.6%
jul-13 509 -23.1% 995 -19.7% 563 -6.3% 280 -16.1% 305 -11.9% 105 8.8% 1,770 -5.7% 390 -2.2% 6,907 -8.9% 198 -12.1%
ago-13 516 -24.6% 999 -20.2% 526 -18.3% 239 -28.1% 305 -12.6% 108 2.8% 1,818 -1.5% 388 -3.9% 7,193 -4.3% 191 -17.9%
sep-13 556 -17.0% 1,024 -20.2% 566 -12.4% 207 -35.3% 308 -13.0% 109 2.4% 1,761 -14.7% 388 -2.4% 7,159 -11.5% 193 -17.6%
oct-13 544 -11.8% 987 -16.0% 580 -3.5% 202 -37.2% 326 -9.1% 105 1.9% 1,815 -8.1% 393 -2.0% 7,203 -10.7% 192 -14.1%
nov-13 553 -6.1% 996 -12.2% 566 -2.2% 199 -38.1% 307 -15.0% 103 1.4% 1,748 -10.3% 404 -4.9% 7,071 -8.3% 189 -13.4%
dic-13 568 -6.4% 989 -15.0% 564 -2.8% 197 -36.0% 292 -16.2% 106 4.3% 1,740 -16.6% 411 -4.8% 7,215 -9.4% 188 -14.0%
ene-14 566 -4.4% 943 -20.8% 567 5.4% 198 -34.6% 276 -17.9% 102 -2.9% 1,727 -15.3% 414 -3.9% 7,291 -9.4% 187 -12.5%
feb-14 590 -1.0% 983 -16.3% 592 10.7% 209 -30.9% 292 -8.3% 105 -2.6% 1,695 -17.5% 419 -2.1% 7,149 -11.3% 194 -8.5%
mar-14 500 -2.2% 1,002 -10.2% 584 12.3% 222 -28.1% 324 4.5% 104 1.4% 1,705 -10.7% 437 3.4% 6,650 -13.0% 192 -6.0%
abr-14 516 4.2% 999 -8.8% 566 16.9% 222 -20.5% 325 5.4% 105 6.1% 1,811 -2.7% 422 -1.0% 6,674 -7.7% 191 -1.7%
may-14 521 4.8% 965 -10.1% 579 6.6% 217 -26.5% 335 4.7% 106 6.3% 1,751 -4.4% 428 2.0% 6,891 -4.9% 191 -5.0%
jun-14 515 -1.7% 936 -10.1% 553 -0.9% 202 -32.2% 307 -2.2% 108 8.7% 1,839 1.4% 441 14.1% 6,821 -2.6% 185 -8.3%
jul-14 480 -5.7% 888 -10.8% 502 -10.8% 183 -34.6% 280 -7.9% 105 -0.1% 1,948 10.1% 502 28.7% 7,113 3.0% 174 -12.1%
ago-14 460 -10.9% 857 -14.2% 510 -3.0% 176 -26.1% 263 -13.7% 100 -7.5% 2,030 11.7% 572 47.3% 7,002 -2.7%
1
En base a datos del Banco Mundial, excepto IPMP, elaborado por el BCRA
3
Precios y variaciones interanuales tomadas dic-dic
Descripción de las series utilizadas:
Soybean meal (any origin), Argentine 45/46% extraction, c.i.f. Rotterdam; prior to 1990, US 44%
Soybean oil (Dutch), crude, f.o.b. ex-mill
Soybeans (US), c.i.f. Rotterdam
Maize (US), no. 2, yellow, f.o.b. US Gulf ports
Aluminum (LME) London Metal Exchange, unalloyed primary ingots, high grade, minimum 99.7% purity, cash until December 2004; thereafter settlement price
Copper (LME), grade A, minimum 99.9935% purity, cathodes and wire bar shapes, settlement price
Wheat (US), no. 1, hard red winter, ordinary protein, export price delivered at the Gulf port for prompt or 30 days shipment
Crude oil (spot), average spot price of Brent, Dubai and West Texas Intermediate, equally weighed
Steel products (8) index 1990=100

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 SALARIOS
Nominal Real (Nivel General) ; Deflactado por:
1
Nivel General Sector Priv. - Registrado Sector Priv. - No registrado Sector Publico RPM Estudio Bein IPIM US$ CBA
2 2 2 2
Indice var i.a. Indice var i.a. Indice var i.a. Indice var i.a. var. m/m var i.a. var i.a. var i.a. var i.a.
2006 188.3 18.9% 226.0 19.4% 157.9 20.6% 145.4 16.3% 8.2% 10.9% 17.1% 10.4%
2007 231.0 22.7% 271.3 20.0% 196.0 24.1% 186.8 28.4% 2.6% 7.1% 19.6% -13.3%
2008 282.7 22.4% 321.6 18.6% 269.5 37.5% 226.3 21.2% 2.9% 12.5% 12.3% 4.8%
2009 329.9 16.7% 377.2 17.3% 327.6 21.5% 252.2 11.4% 1.0% 5.8% 4.9% -5.1%
2010 416.9 26.3% 487.6 29.3% 403.6 23.2% 307.2 21.8% 2.8% 10.3% 20.9% -10.3%
2011 539.6 29.5% 662.1 35.8% 535.8 32.8% 336.9 9.7% 6.0% 14.9% 20.1% 0.7%
2012 671.8 24.5% 826.0 24.8% 715.3 33.5% 396.8 17.8% 0.5% 10.0% 9.4% -6.3%
Indicadores de Precios V

2013 845.6 24.5% 1033.9 24.8% 913.2 33.5% 500.7 17.8% 0.3% 9.7% -2.8% -3.8%
Variaciones var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var. m/m var i.a. var i.a. var i.a. var i.a.
ene-12 1.0% 28.4% 0.8% 34.7% 2.7% 31.1% 0.0% 9.2% -0.4% 5.6% 14.1% 18.4% -0.1%
feb-12 1.3% 28.6% 1.3% 35.1% 2.2% 30.4% 0.1% 9.2% -0.2% 5.8% 14.2% 19.0% -1.6%
mar-12 1.6% 28.8% 1.4% 34.9% 2.4% 31.6% 1.3% 9.6% -1.3% 4.8% 14.2% 19.5% -3.4%
abr-12 2.8% 30.1% 2.5% 35.1% 2.0% 31.2% 4.9% 14.9% 1.0% 5.8% 15.1% 20.2% -1.0%
may-12 2.3% 29.3% 3.8% 34.8% 1.1% 29.7% 0.1% 14.3% 1.2% 5.2% 14.5% 18.6% -2.9%
jun-12 2.0% 27.1% 2.0% 31.7% 1.6% 26.5% 2.2% 15.0% 0.4% 3.4% 12.7% 15.8% -6.4%
jul-12 2.5% 25.3% 2.8% 29.2% 3.8% 28.1% 1.2% 13.0% 0.7% 1.9% 11.1% 13.6% -6.1%
ago-12 2.1% 25.4% 2.0% 28.0% 2.8% 30.4% 2.1% 14.5% 0.2% 2.0% 11.2% 13.4% -7.7%
sep-12 1.3% 24.8% 1.2% 26.0% 1.9% 31.8% 1.4% 16.0% -0.2% 1.4% 10.5% 12.3% -7.1%
oct-12 1.4% 24.9% 1.3% 26.2% 1.8% 32.7% 1.2% 15.5% -0.7% 0.6% 10.5% 11.5% -7.8%
nov-12 2.3% 25.7% 2.4% 27.4% 3.5% 31.8% 1.3% 16.9% 0.5% 1.1% 11.2% 11.6% -7.6%
dic-12 1.4% 24.5% 1.0% 24.8% 3.6% 33.5% 0.8% 17.8% -0.6% 0.5% 10.0% 9.4% -6.3%
ene-13 0.6% 24.0% 0.8% 24.7% 0.6% 30.7% 0.3% 18.1% -1.9% -0.9% 9.5% 8.3% -6.1%
feb-13 0.7% 23.3% 0.8% 24.1% 1.2% 29.4% 0.2% 18.2% -0.5% -1.3% 8.9% 6.9% -3.1%
mar-13 2.6% 24.5% 1.3% 23.9% 2.4% 29.4% 5.6% 23.3% 1.6% 1.6% 10.1% 6.6% 3.4%
abr-13 2.1% 23.7% 1.6% 23.0% 3.2% 30.8% 2.5% 20.5% 1.1% 1.8% 9.6% 6.9% 4.5%
may-13 3.7% 25.3% 4.9% 24.3% 1.3% 31.2% 2.8% 23.7% 2.6% 3.2% 10.7% 6.4% 7.0%
jun-13 2.1% 25.4% 2.7% 25.1% 1.8% 31.4% 1.0% 22.2% 0.1% 2.8% 10.5% 5.9% 9.5%
jul-13 2.3% 25.1% 2.6% 24.8% 1.8% 28.9% 2.1% 23.3% -0.1% 2.0% 10.0% 4.7% 6.5%
ago-13 1.9% 24.8% 1.9% 24.7% 1.0% 26.7% 2.6% 23.8% -0.1% 1.8% 9.7% 3.1% 5.4%
sep-13 2.4% 26.1% 1.7% 25.4% 2.4% 27.3% 3.8% 26.7% 1.0% 3.0% 10.8% 2.6% 3.7%
oct-13 1.3% 26.0% 1.3% 25.3% 2.3% 28.0% 0.7% 26.2% -0.8% 3.0% 10.6% 1.9% 2.4%
nov-13 2.4% 26.1% 2.3% 25.1% 5.5% 30.5% 0.6% 25.2% -0.1% 2.3% 10.5% 0.6% 2.2%
dic-13 1.2% 25.9% 1.0% 25.2% 1.3% 27.7% 1.6% 26.2% -2.5% 0.3% 9.7% -2.8% -3.8%
ene-14 1.7% 27.3% 1.2% 25.7% 2.5% 30.1% 2.4% 28.8% -2.5% -0.4% 6.7% -11.3% ND
feb-14 2.1% 29.1% 1.5% 26.6% 2.2% 31.4% 3.4% 32.9% -1.1% -0.9% 4.1% -17.7% ND
mar-14 2.9% 29.5% 1.7% 27.0% 4.7% 34.4% 4.3% 31.3% -0.1% -2.6% 3.0% -17.0% ND
abr-14 5.0% 33.0% 6.6% 33.2% 3.2% 34.4% 2.8% 31.7% 2.9% -0.9% 5.0% -15.4% ND
may-14 3.1% 32.3% 2.3% 29.9% 6.6% 41.4% 2.4% 31.2% 1.2% -2.2% 3.8% -13.8% ND
jun-14 3.0% 33.5% 2.1% 29.2% 3.7% 44.1% 4.4% 35.7% 1.4% -0.9% 4.5% -12.4% ND
jul-14 3.4% 35.0% 4.1% 31.2% 3.3% 46.2% 2.0% 35.5% 1.2% 0.4% 5.5% -10.0% ND
2 Indice: Indice en base 2001=100, en Diciembre de cada año

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Indicadores Fiscales I

RECURSOS TRIBUTARIOS (en Mde $)

DGI

Totales IVA Créditos y Débitos

Total1 Ganancias IVA Bruto2 Bienes Personales Combustibles en Cuenta
3 DGI DGA
Total Corriente
2006 154,038 82,494 33,624 50,367 47,104 30,075 20,292 2,077 6,573 11,686
2007 205,514 104,985 42,855 66,659 62,669 39,260 27,399 2,492 7,466 15,065
2008 277,275 131,239 53,646 86,115 80,229 50,393 35,722 3,375 9,694 19,495
2009 304,930 153,319 55,552 91,117 87,386 61,394 29,723 4,041 11,593 20,561
2010 409,899 205,095 76,652 120,051 116,386 76,711 43,340 5,147 15,269 26,885
2011 540,134 273,952 108,598 158,066 154,237 100,402 57,664 5,892 18,131 36,179
2012 679,799 360,160 138,440 193,067 190,496 133,816 59,251 7,263 25,785 43,931
2013 858,832 457,530 183,599 251,743 249,006 170,384 81,359 10,296 31,010 56,515
Variaciones
2006 25.9% 21.7% 19.9% 27.0% 27.8% 27.7% 25.9% 14.6% 9.2% 23.9%
2007 33.4% 27.3% 27.5% 32.3% 33.0% 30.5% 35.0% 20.0% 13.6% 28.9%
2008 34.9% 25.0% 25.2% 29.2% 28.0% 28.4% 30.4% 35.4% 29.8% 29.4%
2009 10.0% 16.8% 3.6% 5.8% 8.9% 21.8% -16.8% 19.7% 19.6% 5.5%
2010 34.4% 33.8% 38.0% 31.8% 33.2% 24.9% 45.8% 27.4% 31.7% 30.8%
2011 31.8% 33.6% 41.7% 31.7% 32.5% 30.9% 33.0% 14.5% 18.7% 34.6%
2012 25.9% 31.5% 27.5% 22.1% 23.5% 33.3% 2.8% 23.3% 42.2% 21.4%
2013 26.3% 27.0% 32.6% 30.4% 30.7% 27.3% 37.3% 41.8% 20.3% 28.6%
ene-13 65,683 32,782 12,507 19,171 19,128 13,317 5,854 166 1,398 4,131
feb-13 60,888 33,370 12,755 18,592 18,235 12,710 5,882 651 2,466 3,999
mar-13 60,278 31,510 11,688 18,620 18,358 13,130 5,490 178 1,949 4,068
abr-13 67,630 30,271 11,046 18,881 18,509 11,833 7,049 556 2,699 4,030
may-13 77,755 44,080 21,102 20,674 20,323 13,827 6,847 2,785 2,306 4,803
jun-13 74,696 44,233 21,914 19,990 19,730 13,811 6,179 1,418 2,510 4,492
jul-13 80,298 38,725 15,649 21,766 21,562 14,898 6,868 783 2,361 5,090
ago-13 75,865 39,873 15,661 22,521 22,341 14,809 7,712 1,085 2,727 5,037
sep-13 71,805 38,127 14,078 22,307 22,094 15,383 6,925 322 2,923 4,931
oct-13 74,292 39,818 14,859 23,178 23,077 15,486 7,692 1,041 2,708 5,201
nov-13 73,583 41,766 15,272 23,363 23,256 16,528 6,835 288 2,712 5,460
dic-13 76,060 42,975 17,068 22,680 22,393 14,653 8,026 1,024 4,252 5,275
ene-14 90,307 45,974 18,372 27,521 27,221 19,130 8,391 266 1,661 5,748
feb-14 81,173 44,796 18,009 25,822 24,672 17,856 7,966 974 3,149 5,628
mar-14 78,710 40,792 14,938 25,535 25,529 17,192 8,343 305 2,626 5,258
abr-14 92,737 42,433 15,793 27,516 27,294 17,971 9,545 688 2,435 5,675
may-14 105,071 60,085 29,250 25,974 25,771 17,416 8,558 3,944 2,993 6,528
jun-14 101,186 57,909 29,295 25,544 25,368 16,866 8,678 1,905 3,504 6,044
jul-14 107,090 52,428 21,930 28,400 28,000 19,262 9,137 1,047 3,656 6,926
ago-14 99,648 56,489 22,816 28,431 28,191 19,981 8,450 1,430 3,977 6,796
Acum. 2013 563,093 294,844 122,322 160,215 158,186 108,334 51,881 7,622 18,415 35,648
Acum. 2014 755,922 400,904 170,403 214,744 212,046 145,675 69,069 10,558 24,000 48,603
Var. i.a.
ene-13 24.3% 26.9% 31.6% 23.8% 26.4% 20.1% 33.1% 38.7% 21.1% 27.0%
feb-13 28.8% 31.6% 44.2% 33.9% 32.8% 27.1% 51.6% 29.5% 22.2% 24.6%
mar-13 24.6% 29.5% 50.4% 33.3% 33.6% 32.0% 36.4% 48.1% 7.6% 20.5%
abr-13 36.8% 24.8% 47.9% 34.7% 33.2% 13.6% 96.0% 68.2% 32.3% 27.2%
may-13 27.4% 24.8% 41.8% 30.9% 28.6% 24.3% 46.3% 36.0% 23.2% 31.0%
jun-13 27.3% 27.5% 36.7% 28.4% 28.2% 25.2% 36.1% 53.0% 47.6% 19.7%
jul-13 31.0% 34.5% 42.4% 35.6% 38.8% 38.6% 29.6% 60.4% -4.8% 41.8%
ago-13 25.5% 22.0% 27.9% 33.2% 32.1% 25.4% 51.2% 37.3% 17.0% 29.7%
sep-13 25.2% 26.7% 30.0% 32.8% 31.6% 34.4% 29.5% 46.2% 23.8% 25.8%
oct-13 23.6% 27.9% 19.0% 32.0% 31.4% 39.4% 19.3% 34.5% 24.4% 41.7%
nov-13 21.3% 27.6% 10.8% 27.3% 30.5% 30.8% 19.6% 43.3% 20.6% 32.9%
dic-13 22.2% 22.9% 25.5% 21.4% 23.1% 17.6% 29.0% 38.1% 18.4% 21.6%
ene-14 37.5% 40.2% 46.9% 43.6% 42.3% 43.7% 43.3% 60.4% 18.7% 39.2%
feb-14 33.3% 34.2% 41.2% 38.9% 35.3% 40.5% 35.4% 49.7% 27.7% 40.8%
mar-14 30.6% 29.5% 27.8% 37.1% 39.1% 30.9% 52.0% 71.1% 34.7% 29.2%
abr-14 37.1% 40.2% 43.0% 45.7% 47.5% 51.9% 35.4% 23.8% -9.8% 40.8%
may-14 35.1% 36.3% 38.6% 25.6% 26.8% 26.0% 25.0% 41.6% 29.8% 35.9%
jun-14 35.5% 30.9% 33.7% 27.8% 28.6% 22.1% 40.5% 34.3% 39.6% 34.5%
jul-14 33.4% 35.4% 40.1% 30.5% 29.9% 29.3% 33.0% 33.6% 54.9% 36.1%
ago-14 31.3% 41.7% 45.7% 26.2% 26.2% 34.9% 9.6% 31.8% 45.8% 34.9%
1
Incluye Internos Coparticipados, Premios de Juegos, Transferencias de Inmuebles, Ganancia Mínima Presunta, Intereses Pagados, Otros Coparticipados,
Sellos, Monotributo, Automotores gasoleros, Adicional cigarrillos, Radiodifusión para TV, AM Y FM, Impuestos al Capital de Cooperativas, Internos Seguros y Otros menores. Excluye Reintegros.
2
Incluye Devoluciones
3
Excluye Devoluciones

- 12 -
Indicadores Fiscales II
RECURSOS TRIBUTARIOS (en Mde $) CLASIFICACIÓNPRESUPUESTARIA(en Mde $)
Sistema de Seguridad Social Comercio Exterior
Administración Contribuciones No
Aportes Contribuciones Derechos de Derechos de Provincias5
Total1 Total2 Nacional Seguridad Social4 Presupuestarios6
Personales Patronales Exportación Importación
2006 30,033 10,731 18,154 41,511 14,712 5,019 86,773 22,765 34,717 5,753
2007 43,554 14,323 24,175 56,974 20,450 6,859 103,893 34,351 54,676 6,860
2008 62,112 23,243 33,167 83,784 36,055 8,818 141,704 48,958 68,809 9,904
2009 75,743 28,779 40,887 71,839 32,042 7,700 145,495 73,367 75,149 10,920
2010 100,078 37,603 54,656 103,992 45,547 11,427 197,678 96,700 100,992 14,532
2011 134,220 51,468 75,314 131,962 54,163 14,677 257,305 129,131 134,855 18,842
2012 175,590 69,544 101,039 144,049 61,316 16,640 315,743 168,297 170,240 25,519
2013 229,767 91,582 133,550 171,536 55,465 23,551 384,177 220,408 222,417 31,830
Variaciones
2006 41.8% 34.1% 42.4% 24.4% 19.4% 32.8% 23.1% 44.3% 23.4% 18.8%
2007 45.0% 33.5% 33.2% 37.3% 39.0% 36.7% 19.7% 50.9% 57.5% 19.2%
2008 42.6% 62.3% 37.2% 47.1% 76.3% 28.6% 36.4% 42.5% 25.8% 44.4%
2009 21.9% 23.8% 23.3% -14.3% -11.1% -12.7% 2.7% 49.9% 9.2% 10.3%
2010 32.1% 30.7% 33.7% 44.8% 42.2% 48.4% 35.9% 31.8% 34.4% 33.1%
2011 34.1% 36.9% 37.8% 26.9% 18.9% 28.4% 30.2% 33.5% 33.5% 29.7%
2012 30.8% 35.1% 34.2% 9.2% 13.2% 13.4% 22.7% 30.3% 26.2% 35.4%
2013 30.9% 31.7% 32.2% 19.1% -9.5% 41.5% 21.7% 31.0% 30.6% 24.7%
ene-13 21,442 8,487 12,313 11,458 2,974 1,770 27,091 20,572 16,021 1,999
feb-13 16,266 6,442 9,585 11,253 2,813 1,674 26,957 15,569 16,018 2,344
mar-13 16,805 6,653 9,701 11,963 3,995 1,653 26,696 16,095 15,282 2,206
abr-13 18,594 7,260 10,914 18,765 8,809 1,851 31,942 17,826 15,231 2,632
may-13 18,438 7,403 10,640 15,237 5,400 1,969 35,314 17,683 21,972 2,786
jun-13 17,584 7,159 10,371 12,880 4,123 1,694 33,954 16,860 21,232 2,650
jul-13 25,832 10,244 15,081 15,741 5,658 2,221 33,654 24,740 18,913 2,991
ago-13 18,492 7,401 10,690 17,500 6,869 1,989 35,848 17,728 19,466 2,824
sep-13 18,626 7,428 10,828 15,052 5,188 2,043 32,865 17,863 18,410 2,667
oct-13 19,424 7,632 11,289 15,050 3,957 2,389 33,431 18,616 19,501 2,745
nov-13 19,148 7,691 11,103 12,669 2,680 2,267 32,679 18,356 19,790 2,758
dic-13 19,116 7,781 11,036 13,969 2,999 2,030 33,747 18,501 20,580 3,231
ene-14 28,176 11,399 16,469 16,157 4,005 2,545 37,910 27,297 22,658 2,442
feb-14 21,011 8,357 12,302 15,366 3,950 2,257 36,271 20,221 21,750 2,931
mar-14 20,881 8,334 12,195 17,036 5,343 2,116 35,622 20,128 20,204 2,756
abr-14 22,207 8,723 13,193 28,098 14,514 2,531 46,820 21,481 21,411 3,026
may-14 23,306 9,092 13,506 21,367 8,790 2,564 49,636 22,580 29,168 3,687
jun-14 22,464 8,975 13,122 20,814 8,548 2,253 48,166 21,456 27,871 3,693
jul-14 32,061 13,004 18,779 22,602 9,363 2,699 47,102 30,700 25,065 4,223
ago-14 24,269 9,715 13,989 18,891 6,634 2,534 46,018 23,067 26,362 4,201
Acum. 2013 153,453 61,050 89,294 114,796 40,641 14,822 251,455 147,072 144,135 20,431
Acum. 2014 194,374 77,599 113,555 160,330 61,145 19,499 347,545 186,929 194,489 26,959
Var. i.a.
ene-13 31.3% 31.9% 31.9% 7.3% -35.7% 42.6% 16.9% 31.5% 29.1% 24.7%
feb-13 30.6% 32.4% 33.8% 18.7% -32.4% 57.4% 24.3% 30.5% 35.0% 29.5%
mar-13 31.1% 32.4% 33.5% 6.7% -29.5% 44.9% 15.3% 31.1% 36.8% 24.5%
abr-13 39.4% 42.8% 39.0% 58.4% 25.4% 114.1% 36.4% 39.5% 35.4% 32.5%
may-13 35.7% 36.9% 36.9% 25.7% -6.4% 64.3% 19.7% 35.6% 33.5% 37.2%
jun-13 29.8% 33.1% 32.8% 23.3% -0.9% 33.3% 22.8% 30.0% 32.5% 30.8%
jul-13 38.4% 38.6% 38.7% 13.6% -15.8% 68.4% 23.2% 38.2% 38.2% 24.1%
ago-13 27.6% 29.0% 29.0% 31.7% 15.1% 16.9% 23.3% 27.6% 27.9% 23.9%
sep-13 28.8% 27.8% 31.0% 17.4% -0.3% 28.0% 21.2% 28.7% 29.5% 22.8%
oct-13 26.9% 26.7% 28.2% 10.0% -12.0% 34.4% 21.0% 27.0% 25.1% 22.0%
nov-13 24.8% 24.9% 26.6% 0.6% -37.4% 29.7% 17.3% 24.8% 25.1% 22.0%
dic-13 25.4% 25.0% 24.9% 16.2% -7.4% 18.2% 19.9% 26.7% 24.4% 10.6%
ene-14 31.4% 34.3% 33.8% 41.0% 34.7% 43.7% 39.9% 32.7% 41.4% 22.2%
feb-14 29.2% 29.7% 28.3% 36.6% 40.4% 34.9% 34.6% 29.9% 35.8% 25.1%
mar-14 24.3% 25.3% 25.7% 42.4% 33.7% 28.0% 33.4% 25.1% 32.2% 24.9%
abr-14 19.4% 20.2% 20.9% 49.7% 64.8% 36.7% 46.6% 20.5% 40.6% 15.0%
may-14 26.4% 22.8% 26.9% 40.2% 62.8% 30.2% 40.6% 27.7% 32.8% 32.3%
jun-14 27.8% 25.4% 26.5% 61.6% 107.3% 33.0% 41.9% 27.3% 31.3% 39.3%
jul-14 24.1% 26.9% 24.5% 43.6% 65.5% 21.5% 40.0% 24.1% 32.5% 41.2%
ago-14 31.2% 31.3% 30.9% 7.9% -3.4% 27.4% 28.4% 30.1% 35.4% 48.8%
1
Incluye Facilidades de Pago y Monotributo Previsional. Excluye Sistema de Capitalización y Rezagos, Transitorios y Otros SIJP.
2
Incluye Tasa Estadística y diferencia entre Recaudación y pagos del Factor de Convergencia.
3
Incluye Sistema de Capitalización y Rezagos, Transitorios y Otros SIJP.
4
Netas de Asignaciones Familiares Compensables.
5
56,66% de Coparticipados (Netos), 56,66% del 93,73% de Bienes Personales, 30% de Monotributo Impositivo, y sumas fijas por Pacto Fiscal y Ganancias.
6
Fondo Solidario de Redistribución, Impuesto sobre el Gasoil y GLP, Tasa de Infraestructura Hídrica, Recargo Consumo de Gas y Gastos AFIP.

- 13 -
 SECTOR PÚBLICO NACIONAL (en M de $)
Ingresos Gastos Recursos del Gasto Primario
Resultado Resultado Corrientes Gasto Primario SPNF sin sin
Primario Financiero Recursos de transferencias transferencias
Total sin
s/Priv. s/Priv. Capital Total Remunera- Bienes y Transferencias Gasto de Intereses automáticas a automáticas a
Privatizaciones Total Tributarios Otros Total Jubilaciones Coparticipación
s/Priv. ciones Servicios Sector Priv. Capital provincias provincias
2006 23,158 11,616 158,514 158,216 149,832 8,384 298 146,898 135,350 14,325 4,859 32,190 17,640 16,460 34,413 11,542 119,063 95,899
2007 25,670 9,248 219,251 219,026 209,313 9,714 224 210,003 193,536 18,615 6,411 50,461 28,323 23,549 44,076 16,423 164,025 138,310
2008 32,529 14,655 287,060 286,387 271,179 15,208 673 272,406 254,509 24,687 8,073 64,552 45,336 27,623 53,557 17,874 219,052 186,501
2009 17,278 -7,139 335,848 335,686 302,933 32,753 162 342,986 318,525 33,777 11,460 83,240 52,476 40,858 55,694 24,417 260,207 242,883
2010 25,082 3,035 451,810 451,650 408,565 43,085 160 448,775 426,672 48,313 15,380 107,068 75,889 51,857 73,051 22,047 350,456 325,318
2011 4,920 -30,664 568,974 568,919 531,817 37,102 56 599,638 564,047 61,196 20,673 147,085 103,586 61,644 110,583 35,584 434,842 429,915
2012 -4,375 -55,565 720,612 720,401 674,152 46,229 211 776,176 724,901 79,133 25,051 204,617 119,473 72,219 122,081 51,190 550,401 554,690
2013 -22,479 -64,478 939,794 939,462 855,957 83,504 332 1,003,995 961,817 101,643 35,760 272,066 153,907 104,108 159,452 41,998 718,188 740,212
Variaciones en M de $ en M de $
2006 3,535 2,237 25.4% 25.3% 24.2% 49.8% 81.8% 25.5% 26.8% 26.3% 3.9% 29.3% 20.0% 64.5% 22.6% 12.7% 26.5% 28.7%
2007 2,512 -2,369 38.3% 38.4% 39.7% 15.9% -24.7% 43.0% 43.0% 29.9% 31.9% 56.8% 60.6% 43.1% 28.1% 42.3% 37.8% 44.2%
Indicadores Fiscales III

2008 6,859 5,407 30.9% 30.8% 29.6% 56.6% 200.0% 29.7% 31.5% 32.6% 25.9% 27.9% 60.1% 17.3% 21.5% 8.8% 33.5% 34.8%
2009 -15,251 -21,794 17.0% 17.2% 11.7% 115.4% -76.0% 25.9% 25.2% 36.8% 42.0% 29.0% 15.7% 47.9% 4.0% 36.6% 18.8% 30.2%
2010 7,804 10,174 34.5% 34.5% 34.9% 31.5% -0.8% 30.8% 34.0% 43.0% 34.2% 28.6% 44.6% 26.9% 31.2% -9.7% 34.7% 33.9%
2011 -20,163 -33,699 25.9% 26.0% 30.2% -13.9% -65.3% 33.6% 32.2% 26.7% 34.4% 37.4% 36.5% 18.9% 51.4% 61.4% 24.1% 32.2%
2012 -9,295 -24,901 26.7% 26.6% 26.8% 24.6% 279.1% 29.4% 28.5% 29.3% 21.2% 39.1% 15.3% 17.2% 10.4% 43.9% 26.6% 29.0%
2013 -18,104 -8,913 30.4% 30.4% 27.0% 80.6% 57.7% 29.4% 32.7% 28.4% 42.7% 33.0% 28.8% 44.2% 30.6% -18.0% 30.5% 33.4%
ene-13 816 -1,583 66,912 66,912 65,297 1,615 0 68,479 66,081 7,842 2,752 18,518 9,206 7,312 11,835 2,398 51,103 50,272
feb-13 204 -526 64,447 64,446 59,433 5,013 1 64,973 64,243 7,185 2,327 17,223 10,135 6,759 11,468 730 48,395 48,191
mar-13 438 -3,576 66,669 66,665 58,773 7,892 4 70,245 66,231 6,931 2,308 20,084 10,329 6,502 10,936 4,014 51,622 51,183
abr-13 1,446 -3,066 71,255 71,232 69,243 1,989 23 74,310 69,798 7,231 2,499 19,981 11,047 7,946 11,169 4,512 55,725 54,269
may-13 1,667 -660 80,890 80,889 78,827 2,063 1 81,529 79,201 6,969 2,587 21,396 10,769 9,509 14,830 2,328 58,929 57,240
jun-13 156 -4,379 85,145 85,142 74,313 10,829 3 89,501 84,966 7,469 2,688 28,757 11,367 8,166 14,864 4,535 64,081 63,903
jul-13 804 -2,725 86,164 86,163 81,112 5,051 1 88,866 85,338 10,480 3,007 20,842 15,570 8,626 13,731 3,529 67,163 66,337
ago-13 912 -751 81,872 81,869 75,268 6,601 2 82,605 80,942 8,504 3,236 20,644 13,243 8,957 13,988 1,663 62,397 61,466
sep-13 413 -4,842 87,396 87,122 71,543 15,579 274 91,946 86,691 8,808 3,263 23,723 15,794 10,064 13,309 5,255 69,138 68,433
oct-13 -2,758 -7,280 85,841 85,839 74,835 11,005 2 93,106 88,585 8,595 3,552 23,552 15,620 11,252 14,238 4,522 66,186 68,930
nov-13 -6,679 -9,469 79,101 79,100 72,055 7,045 1 88,550 85,759 8,718 3,187 24,724 15,178 8,798 14,738 2,791 59,560 66,218
dic-13 -19,898 -25,621 84,101 84,082 75,258 8,824 20 109,706 103,982 12,912 4,354 32,624 15,650 10,216 14,346 5,724 63,890 83,770
ene-14 798 -3,052 96,439 96,439 91,372 5,067 0 99,479 95,628 10,507 4,355 24,825 15,934 10,091 17,279 3,851 73,327 72,516
feb-14 -5,627 -7,762 84,532 84,531 80,862 3,670 1 92,275 90,140 10,125 3,722 24,426 16,234 8,554 15,422 2,135 62,873 68,482
mar-14 3,570 -4,366 93,162 93,161 77,914 15,247 1 97,511 89,575 9,440 3,124 25,679 16,263 8,170 15,111 7,936 73,010 69,423
abr-14 672 -4,277 100,727 100,725 93,069 7,656 2 104,984 100,036 9,988 3,483 26,068 17,613 12,121 15,865 4,948 79,427 78,735
may-14 3,076 -1,158 112,275 112,272 104,694 7,578 3 113,424 109,190 9,691 3,325 27,253 18,277 11,256 19,647 4,235 82,972 79,887
jun-14 -287 -16,677 127,362 127,358 100,881 26,477 4 144,066 127,676 11,594 4,109 38,535 22,830 12,645 19,223 16,390 99,682 99,996
jul-14 768 -1,177 119,352 119,347 107,641 11,707 5 120,535 118,590 15,054 4,494 28,260 18,599 14,632 17,955 1,945 94,285 93,522
Acum. 2013 5,531 -16,514 521,482 521,449 486,998 34,451 33 537,904 515,859 54,107 18,169 146,800 78,423 54,820 88,833 22,045 397,018 391,395
Acum. 2014 2,970 -38,468 733,849 733,833 656,432 77,402 16 772,273 730,835 76,399 26,611 195,045 125,750 77,469 120,503 41,438 565,575 562,561
Var. i.a. en M de $ en M de $
ene-13 193 1,233 25.4% 25.4% 25.1% 42.9% -97.6% 21.9% 25.3% 28.7% 28.0% 35.0% 5.7% 20.4% 15.8% -30.2% 25.5% 25.4%
feb-13 -493 -621 35.3% 35.3% 27.9% 322.6% -71.9% 36.6% 36.8% 30.6% 43.1% 33.5% 39.7% 33.8% 57.0% 21.1% 34.5% 36.6%
mar-13 -410 -1,183 23.6% 23.6% 20.3% 55.4% 95.5% 24.7% 24.7% 16.2% 14.4% 28.0% 15.9% 12.4% 35.6% 23.9% 21.3% 22.7%
abr-13 384 -1,203 38.0% 37.9% 43.0% -37.9% 1426.7% 38.9% 38.0% 29.5% 44.0% 36.4% 28.7% 45.3% 39.3% 54.3% 37.1% 37.1%
may-13 -722 -768 30.0% 30.0% 30.0% 29.6% -37.5% 31.3% 32.4% 21.0% 42.0% 32.4% 12.4% 59.9% 31.4% 2.0% 29.2% 32.5%
jun-13 882 -612 27.9% 28.0% 28.1% 27.1% -95.5% 27.2% 26.2% 18.8% 21.5% 28.6% 2.2% 48.1% 32.1% 49.2% 26.5% 24.4%
jul-13 275 159 37.1% 37.2% 33.6% 137.6% -89.4% 35.3% 37.0% 31.8% 44.2% 34.9% 38.1% 41.2% 42.6% 3.4% 36.6% 36.4%
ago-13 136 -768 32.1% 32.1% 26.7% 157.1% -27.3% 33.3% 32.2% 36.3% 48.5% 29.1% 30.1% 50.8% 30.5% 118.9% 33.1% 33.3%
sep-13 -122 -2,252 41.8% 41.3% 27.8% 174.4% 12966.7% 43.1% 41.8% 50.0% 54.0% 37.4% 49.9% 51.9% 27.6% 68.2% 45.4% 45.6%
oct-13 -3,419 -3,229 30.0% 30.0% 23.2% 108.2% 25.0% 33.0% 35.6% 19.7% 43.5% 33.9% 45.0% 79.7% 24.5% -4.0% 31.9% 39.3%
nov-13 -5,955 -7,196 24.2% 24.2% 19.2% 116.7% -43.7% 34.3% 33.1% 26.5% 57.2% 38.9% 50.5% 44.9% 25.3% 80.0% 24.4% 36.3%
dic-13 -8,852 7,528 21.8% 22.0% 20.8% 33.4% -82.2% 7.4% 29.8% 31.8% 67.3% 30.3% 25.6% 38.8% 19.8% -74.1% 21.4% 31.6%
ene-14 -17 -1,470 44.1% 44.1% 39.9% 213.8% 0.0% 45.3% 44.7% 34.0% 58.2% 34.1% 73.1% 38.0% 46.0% 60.6% 43.5% 44.2%
feb-14 -5,831 -7,235 31.2% 31.2% 36.1% -26.8% 11.1% 42.0% 40.3% 40.9% 59.9% 41.8% 60.2% 26.6% 34.5% 192.3% 29.9% 42.1%
mar-14 3,131 -791 39.7% 39.7% 32.6% 93.2% -76.7% 38.8% 35.2% 36.2% 35.3% 27.9% 57.4% 25.6% 38.2% 97.7% 41.4% 35.6%
abr-14 -774 -1,211 41.4% 41.4% 34.4% 284.9% -91.3% 41.3% 43.3% 38.1% 39.4% 30.5% 59.4% 52.6% 42.0% 9.7% 42.5% 45.1%
may-14 1,409 -498 38.8% 38.8% 32.8% 267.4% 200.0% 39.1% 37.9% 39.1% 28.5% 27.4% 69.7% 18.4% 32.5% 81.9% 40.8% 39.6%
jun-14 -443 -12,298 49.6% 49.6% 35.8% 144.5% 42.9% 61.0% 50.3% 55.2% 52.8% 34.0% 100.8% 54.8% 29.3% 261.4% 55.6% 56.5%
jul-14 -36 1,548 38.5% 38.5% 32.7% 131.8% 400.0% 35.6% 39.0% 43.7% 49.5% 35.6% 19.5% 69.6% 30.8% -44.9% 40.4% 41.0%

- 14 -
 BASE MONETARIA (en M de $) DEPÓSITOS (en M de $)

Circulación BASE
Monetaria Cuenta MONETARIA Totales en Privados en
AMPLIA Cuenta Caja de 1 Privados en 1
Total Corriente Totales 2 Plazos fijos Totales en $ US$ (en mill. Públicos Privados 3 US$ (en mill.
(en M de $) corriente ahorro $
en el BCRA de US$) de US$)
En Público En Entidades

2007 84,629 57,106 5,362 22,161 84,629 184,830 46,102 31,480 76,177 165,340 6,251 47,957 136,873 119,036 5,721
2008 100,093 66,774 7,073 26,246 100,093 221,225 54,689 36,532 92,386 194,987 8,284 59,629 161,596 138,426 7,317
2009 105,537 72,582 8,794 24,160 105,537 245,125 64,687 38,923 88,458 202,889 11,300 68,347 176,778 141,583 9,415
2010 123,681 90,767 11,401 27,712 123,681 312,063 76,500 47,938 118,550 255,313 14,488 94,147 217,915 175,734 10,775
2011 180,792 124,084 16,790 39,915 180,792 413,561 98,197 65,127 171,748 350,122 15,374 125,344 288,217 234,837 12,914
2012 243,909 168,300 20,342 55,265 243,909 504,771 126,598 86,598 223,902 455,109 10,979 143,899 360,873 316,537 9,812
2013 317,648 220,944 23,883 72,820 317,648 642,406 162,524 119,012 290,680 596,362 8,429 176,205 466,201 427,551 7,080
Variaciones
2007 30.1% 26.5% 18.5% 44.1% 30.1% 24.0% 18.5% 16.0% 30.6% 23.6% 25.5% 21.3% 25.0% 23.5% 33.7%
2008 18.3% 16.9% 31.9% 18.4% 18.3% 19.7% 18.6% 16.0% 21.3% 17.9% 32.5% 24.3% 18.1% 16.3% 27.9%
2009 5.4% 8.7% 24.3% -7.9% 5.4% 10.8% 18.3% 6.5% -4.3% 4.1% 36.4% 14.6% 9.4% 2.3% 28.7%
2010 17.2% 25.1% 29.6% 14.7% 17.2% 27.3% 18.3% 23.2% 34.0% 25.8% 28.2% 37.7% 23.3% 24.1% 14.4%
2011 46.2% 36.7% 47.3% 44.0% 46.2% 32.5% 28.4% 35.9% 44.9% 37.1% 6.1% 33.1% 32.3% 33.6% 19.8%
2012 34.9% 35.6% 21.2% 38.5% 34.9% 22.1% 28.9% 33.0% 30.4% 30.0% -28.6% 14.8% 25.2% 34.8% -24.0%
2013 30.2% 31.3% 17.4% 31.8% 30.2% 27.3% 28.4% 37.4% 29.8% 31.0% -23.2% 22.5% 29.2% 35.1% -27.8%
Indicadores Monetarios I

ene-13 298,282 207,714 23,454 67,112 298,282 587,559 160,062 107,317 252,524 540,095 9,594 165,750 421,809 383,387 7,766
feb-13 292,390 206,094 23,343 62,951 292,390 589,578 143,513 109,176 270,811 544,459 9,009 163,251 426,327 388,517 7,549
mar-13 297,163 205,321 23,562 68,277 297,163 596,320 146,682 110,243 275,241 552,818 8,552 164,009 432,310 394,675 7,398
abr-13 297,658 205,380 22,673 69,603 297,658 604,317 151,275 110,180 277,778 561,127 8,381 165,292 439,025 401,527 7,277
may-13 300,486 208,389 21,161 70,935 300,486 618,070 153,874 109,135 289,948 574,589 8,305 172,635 445,435 407,845 7,180
jun-13 311,003 214,502 23,657 72,842 311,003 630,095 159,708 117,127 286,412 585,849 8,301 172,207 457,888 420,501 7,014
jul-13 323,597 226,678 23,147 73,770 323,597 640,100 159,920 125,024 287,340 594,932 8,303 169,272 470,828 433,148 6,927
ago-13 326,429 229,481 23,321 73,625 326,429 658,102 167,879 122,576 299,697 613,269 8,034 180,890 477,211 439,256 6,801
sep-13 329,769 231,388 22,936 75,443 329,769 673,696 171,842 124,792 306,896 626,935 8,150 184,687 489,009 449,900 6,817
oct-13 335,078 234,463 23,809 76,803 335,078 688,263 171,785 127,303 314,671 640,511 8,168 188,861 499,402 459,510 6,823
nov-13 338,343 234,779 25,571 77,991 338,343 702,764 172,763 125,070 315,499 654,132 8,090 194,577 508,188 467,949 6,694
dic-13 361,580 247,137 29,957 84,484 361,580 720,011 190,978 140,203 311,337 667,625 8,263 193,025 526,986 484,402 6,717
ene-14 368,236 252,115 28,623 87,496 368,236 746,837 224,302 137,932 297,269 684,958 8,756 209,753 537,084 487,587 7,004
feb-14 347,707 245,000 27,778 74,927 347,707 755,654 200,430 131,325 329,928 686,124 8,843 207,148 548,506 492,414 7,134
mar-14 351,349 240,603 28,225 82,520 351,349 753,117 186,001 132,649 341,019 686,550 8,399 196,313 556,804 503,263 6,756
abr-14 354,170 239,846 29,465 84,857 354,170 768,340 191,077 131,853 350,182 702,235 8,262 196,266 572,075 519,263 6,601
may-14 353,311 239,916 27,117 86,276 353,311 780,575 200,970 133,579 350,064 713,836 8,302 192,145 588,430 532,006 7,019
jun-14 366,004 249,617 28,182 88,205 366,004 797,736 215,126 147,262 337,677 727,740 8,613 193,770 603,966 546,309 7,095
jul-14 383,944 266,742 28,392 88,810 383,944 806,888 210,255 163,014 334,285 736,892 8,579 187,915 618,973 561,652 7,025
ago-14 390,997 270,697 29,546 90,754 390,997 819,226 217,102 158,992 334,944 750,993 8,205 194,532 624,694 566,579 6,988
Var. i.a.
ene-13 35.2% 38.5% 15.2% 33.4% 35.2% 28.7% 32.4% 42.1% 35.4% 35.4% -28.2% 23.9% 30.7% 41.7% -35.8%
feb-13 40.7% 38.7% 16.4% 60.6% 40.7% 26.9% 26.7% 42.7% 34.7% 33.8% -32.2% 21.0% 29.2% 39.9% -37.2%
mar-13 37.4% 37.7% 20.3% 43.5% 37.4% 26.3% 28.7% 42.5% 32.8% 33.3% -35.2% 22.0% 27.9% 38.2% -38.3%
abr-13 34.9% 36.5% 11.6% 39.6% 34.9% 25.7% 32.2% 39.4% 30.8% 32.7% -36.1% 23.6% 26.5% 36.3% -38.9%
may-13 34.3% 35.1% 16.8% 38.1% 34.3% 26.0% 27.4% 37.6% 33.7% 32.3% -34.0% 25.1% 26.4% 35.4% -37.7%
jun-13 31.3% 31.4% 21.2% 34.6% 31.3% 28.2% 28.1% 37.8% 32.4% 31.9% -21.2% 24.6% 29.7% 35.6% -26.7%
jul-13 28.4% 29.5% 16.8% 28.8% 28.4% 27.3% 22.1% 33.9% 33.4% 29.7% -14.2% 20.2% 30.1% 34.4% -20.2%
ago-13 26.6% 28.5% 16.2% 24.4% 26.6% 27.6% 24.8% 34.9% 30.8% 29.7% -13.4% 22.0% 29.9% 33.5% -18.6%
sep-13 26.0% 28.1% 12.9% 24.4% 26.0% 27.9% 35.2% 35.8% 24.3% 29.4% -9.3% 22.1% 30.3% 33.3% -15.8%
oct-13 26.3% 27.5% 19.4% 25.2% 26.3% 28.9% 33.6% 38.8% 24.7% 30.4% -9.7% 23.5% 31.0% 33.7% -14.1%
nov-13 24.4% 25.9% 20.9% 21.1% 24.4% 27.5% 24.4% 33.2% 24.3% 29.2% -13.2% 21.7% 29.9% 32.3% -14.1%
dic-13 23.8% 24.0% 20.4% 24.4% 23.8% 26.1% 26.4% 33.9% 25.1% 27.1% -12.0% 20.2% 28.4% 30.1% -13.4%
ene-14 23.5% 21.4% 22.0% 30.4% 23.5% 27.1% 40.1% 28.5% 17.7% 26.8% -8.7% 26.5% 27.3% 27.2% -9.8%
feb-14 18.9% 18.9% 19.0% 19.0% 18.9% 28.2% 39.7% 20.3% 21.8% 26.0% -1.8% 26.9% 28.7% 26.7% -5.5%
mar-14 18.2% 17.2% 19.8% 20.9% 18.2% 26.3% 26.8% 20.3% 23.9% 24.2% -1.8% 19.7% 28.8% 27.5% -8.7%
abr-14 19.0% 16.8% 30.0% 21.9% 19.0% 27.1% 26.3% 19.7% 26.1% 25.1% -1.4% 18.7% 30.3% 29.3% -9.3%
may-14 17.6% 15.1% 28.2% 21.6% 17.6% 26.3% 30.6% 22.4% 20.7% 24.2% 0.0% 11.3% 32.1% 30.4% -2.2%
jun-14 17.7% 16.4% 19.1% 21.1% 17.7% 26.6% 34.7% 25.7% 17.9% 24.2% 3.8% 12.5% 31.9% 29.9% 1.2%
jul-14 18.6% 17.7% 22.7% 20.4% 18.6% 26.1% 31.5% 30.4% 16.3% 23.9% 3.3% 11.0% 31.5% 29.7% 1.4%
ago-14 19.8% 18.0% 26.7% 23.3% 19.8% 24.5% 29.3% 29.7% 11.8% 22.5% 2.1% 7.5% 30.9% 29.0% 2.7%
13-ago-14 393,385 272,019 30,395 90,971 393,385 813,687 217,056 155,701 341,518 746,070 8,173 192,830 620,857 563,011 6,992
14-ago-14 391,905 271,449 29,779 90,677 391,905 815,602 219,853 153,988 345,984 748,151 8,150 195,683 619,919 562,135 6,982
15-ago-14 391,070 271,466 29,038 90,566 391,070 815,589 218,905 153,734 348,046 748,146 8,145 196,392 619,197 561,417 6,978
19-ago-14 394,347 269,981 29,893 94,473 394,347 815,047 219,194 150,795 347,379 747,172 8,193 197,562 617,485 559,651 6,981
20-ago-14 389,970 268,131 30,301 91,538 389,970 812,363 219,331 146,354 349,339 744,409 8,192 198,911 613,452 555,543 6,981
21-ago-14 396,753 267,748 29,468 99,537 396,753 824,256 227,864 147,005 352,529 755,895 8,184 207,889 616,367 558,071 6,979
22-ago-14 396,608 267,923 28,051 100,634 396,608 824,808 227,171 146,941 353,561 755,929 8,176 211,856 612,951 554,182 6,976
25-ago-14 393,013 267,099 29,075 96,838 393,013 827,455 231,296 145,536 352,106 758,683 8,175 214,330 613,125 554,473 6,972
26-ago-14 393,358 266,293 31,130 95,934 393,358 830,719 235,743 146,836 351,377 761,724 8,203 215,933 614,787 556,179 6,968
27-ago-14 387,972 266,371 31,963 89,638 387,972 828,930 233,846 148,295 349,846 760,054 8,192 210,859 618,071 559,511 6,965
28-ago-14 385,478 266,846 31,491 87,141 385,478 843,285 243,786 155,557 344,701 774,413 8,194 220,030 623,255 564,696 6,967
29-ago-14 389,193 269,095 30,852 89,246 389,193 844,739 227,107 166,920 351,051 775,977 8,182 207,842 636,897 578,388 6,962
01-sep-14 405,966 271,120 30,478 104,368 405,966 840,986 226,346 167,891 348,659 772,169 8,184 203,665 637,321 578,670 6,975
02-sep-14 406,699 272,113 30,478 104,107 406,699 837,593 222,977 167,423 349,192 768,418 8,225 199,088 638,504 579,750 6,986
03-sep-14 404,958 273,127 30,335 101,495 404,958 833,179 218,614 166,362 350,783 764,045 8,217 194,011 639,167 580,399 6,985
04-sep-14 407,032 274,967 30,162 101,901 407,032 829,434 207,516 172,410 351,850 760,380 8,219 187,275 642,159 583,464 6,986
05-sep-14 406,292 277,652 29,059 99,580 406,292 823,911 203,595 172,074 351,666 754,529 8,248 186,129 637,783 579,008 6,987
08-sep-14 405,704 279,035 28,965 97,703 405,704 817,939 205,958 164,483 346,711 748,440 8,254 182,267 635,672 576,791 6,993
09-sep-14 400,542 277,870 30,105 92,566 400,542 817,627 206,477 161,858 348,753 748,356 8,238 185,054 632,573 573,830 6,986
10-sep-14 395,835 277,235 29,162 89,437 395,835 818,468 210,678 159,416 348,038 749,408 8,217 187,984 630,484 571,812 6,981
11-sep-14 401,958 276,432 28,982 96,542 401,958 827,302 217,630 158,743 350,680 758,319 8,210 197,469 629,833 571,160 6,983
12-sep-14 402,105 275,944 28,564 97,596 402,105 828,362 216,885 159,029 352,757 759,540 8,191 198,289 630,074 571,443 6,978
1
Corresponde a depósitos de titulares residentes en el país (sector público y sector privado), excluyendo los depósitos del sector financiero.
2
Neto de FUCO
3
Incluyen Boden contabilizado

- 15 -
Indicadores Monetarios II
PRÉSTAMOS al Sector Privado (en M de $) TIPO DE
CAMBIO
Totales En $ En US$ Adelantos Documentos Hipotecarios Prendarios Personales Tarjetas Otros NOMINAL
($/US$)
2007 88,007 74,247 13,619 12,504 26,727 12,151 4,784 16,897 9,091 5,430 3.1154
2008 118,951 100,622 18,117 15,788 34,095 16,595 7,075 25,365 13,165 6,329 3.1624
2009 133,164 112,050 21,105 17,298 36,621 18,789 7,345 28,320 15,982 7,867 3.7292
2010 160,418 136,733 23,500 19,303 45,621 19,433 8,150 34,022 22,016 10,628 3.9123
2011 236,333 199,581 36,745 26,681 74,140 23,696 13,222 48,748 32,691 16,690 4.1297
2012 319,221 284,030 35,133 40,345 87,807 31,285 18,986 66,270 48,454 25,810 4.5504
2013 421,350 395,741 25,621 54,547 110,977 39,766 26,937 86,680 68,985 33,605 5.4702
Variaciones
2007 39.7% 38.6% 44.4% 29.4% 40.6% 28.8% 56.3% 69.9% 43.2% 9.8% 1.3%
2008 35.2% 35.5% 33.0% 26.3% 27.6% 36.6% 47.9% 50.1% 44.8% 16.6% 1.5%
2009 11.9% 11.4% 16.5% 9.6% 7.4% 13.2% 3.8% 11.6% 21.4% 24.3% 17.9%
2010 20.5% 22.0% 11.3% 11.6% 24.6% 3.4% 10.9% 20.1% 37.8% 35.1% 4.9%
2011 47.3% 46.0% 56.4% 38.2% 62.5% 21.9% 62.2% 43.3% 48.5% 57.0% 5.6%
2012 35.1% 42.3% -4.4% 51.2% 18.4% 32.0% 43.6% 35.9% 48.2% 54.6% 10.2%
2013 32.0% 39.3% -27.1% 35.2% 26.4% 27.1% 41.9% 30.8% 42.4% 30.2% 20.2%
ene-13 375,345 348,426 26,919 48,536 100,927 36,377 22,859 75,697 60,523 30,068 4.9486
feb-13 381,324 354,048 27,276 50,610 99,962 36,831 23,424 77,741 62,869 29,570 5.0111
mar-13 386,351 359,912 26,439 51,469 100,874 37,357 23,968 79,830 62,999 29,838 5.0840
abr-13 393,553 366,815 26,738 52,288 102,134 37,724 24,569 81,584 63,852 31,066 5.0883
may-13 403,828 376,833 26,995 52,681 104,865 38,355 25,468 83,838 65,775 32,867 5.2399
jun-13 412,917 386,348 26,568 52,249 108,025 39,247 26,565 85,749 67,166 33,912 5.3292
jul-13 423,319 397,633 25,686 55,377 111,682 40,230 27,387 86,682 66,646 35,322 5.4409
ago-13 432,845 408,070 24,774 57,266 112,906 40,844 28,045 88,692 69,973 35,123 5.5814
sep-13 444,658 420,091 24,567 59,447 116,671 41,461 28,854 91,125 71,315 35,788 5.7371
oct-13 455,669 431,446 24,223 59,768 120,096 42,028 29,816 94,166 74,260 35,542 5.8482
nov-13 465,984 442,219 23,765 57,967 122,215 42,777 30,837 96,579 79,518 36,108 6.0149
dic-13 480,410 457,046 23,364 56,932 128,831 43,915 31,425 98,484 82,929 37,833 6.3192
ene-14 494,390 468,880 25,511 58,776 132,639 44,999 31,888 99,674 87,835 38,729 7.0967
feb-14 503,828 474,945 28,883 61,081 134,393 45,326 32,554 101,126 91,038 38,290 7.8565
mar-14 503,651 475,162 28,489 62,822 132,332 45,568 32,557 101,360 90,526 38,500 7.9313
abr-14 504,229 473,673 30,556 62,581 133,298 45,703 32,377 101,948 89,989 38,334 8.0013
may-14 510,668 478,005 32,662 64,836 133,574 45,981 32,072 102,780 92,452 38,988 8.0427
jun-14 516,917 483,145 33,772 66,234 135,056 46,376 32,025 103,863 93,123 40,237 8.1255
jul-14 522,321 487,982 34,340 70,340 137,550 46,918 31,826 104,120 89,755 41,818 8.1606
ago-14 532,341 497,285 35,056 71,740 139,736 47,130 31,994 106,079 92,958 42,705 8.3164
Var. i.a.
ene-13 30.9% 41.8% -34.5% 57.0% 16.0% 28.4% 33.9% 28.6% 41.8% 41.1% 14.5%
feb-13 31.2% 42.3% -35.0% 52.6% 15.7% 27.8% 35.5% 29.7% 46.2% 37.5% 15.3%
mar-13 30.8% 41.6% -36.0% 45.6% 18.1% 27.4% 37.1% 30.4% 42.0% 38.1% 16.8%
abr-13 31.4% 42.2% -35.6% 48.0% 19.1% 26.6% 38.6% 30.4% 41.8% 37.6% 15.7%
may-13 32.6% 42.9% -33.9% 42.5% 23.4% 26.5% 41.9% 31.3% 44.2% 35.6% 17.7%
jun-13 32.3% 41.0% -30.3% 30.7% 28.7% 28.0% 44.8% 31.6% 40.4% 32.5% 18.5%
jul-13 32.3% 39.3% -25.5% 30.6% 30.4% 29.0% 46.2% 31.1% 40.1% 27.1% 19.5%
ago-13 32.3% 38.0% -21.0% 28.0% 32.6% 28.4% 45.9% 30.6% 41.6% 24.0% 21.1%
sep-13 32.7% 37.5% -16.9% 29.2% 34.6% 27.5% 45.6% 30.6% 39.4% 25.0% 22.9%
oct-13 33.6% 37.8% -13.5% 31.0% 34.7% 26.5% 45.4% 32.0% 42.8% 23.0% 23.6%
nov-13 32.3% 36.0% -12.1% 25.2% 32.4% 25.4% 44.2% 31.6% 43.6% 24.5% 25.4%
dic-13 31.2% 34.8% -13.7% 20.2% 31.1% 24.5% 40.8% 31.2% 44.5% 26.0% 29.5%
ene-14 31.7% 34.6% -5.2% 21.1% 31.4% 23.7% 39.5% 31.7% 45.1% 28.8% 43.4%
feb-14 32.1% 34.1% 5.9% 20.7% 34.4% 23.1% 39.0% 30.1% 44.8% 29.5% 56.8%
mar-14 30.4% 32.0% 7.8% 22.1% 31.2% 22.0% 35.8% 27.0% 43.7% 29.0% 56.0%
abr-14 28.1% 29.1% 14.3% 19.7% 30.5% 21.1% 31.8% 25.0% 40.9% 23.4% 57.2%
may-14 26.5% 26.8% 21.0% 23.1% 27.4% 19.9% 25.9% 22.6% 40.6% 18.6% 53.5%
jun-14 25.2% 25.1% 27.1% 26.8% 25.0% 18.2% 20.6% 21.1% 38.6% 18.6% 52.5%
jul-14 23.4% 22.7% 33.7% 27.0% 23.2% 16.6% 16.2% 20.1% 34.7% 18.4% 50.0%
ago-14 23.0% 21.9% 41.5% 25.3% 23.8% 15.4% 14.1% 19.6% 32.8% 21.6% 49.0%
13-ago-14 530,220 495,075 35,145 73,201 139,962 47,053 31,934 105,545 90,543 41,982 8.2732
14-ago-14 530,157 495,049 35,108 73,220 140,361 47,083 31,931 105,779 89,789 41,994 8.2762
15-ago-14 529,660 494,750 34,910 72,672 140,883 47,148 31,998 105,960 88,968 42,030 8.2803
19-ago-14 529,865 494,954 34,911 72,653 140,586 47,137 31,986 106,172 89,224 42,106 8.2845
20-ago-14 530,579 495,606 34,973 72,726 139,933 47,125 31,991 106,487 90,335 41,982 8.2952
21-ago-14 530,526 495,402 35,124 72,160 140,064 47,145 31,980 106,734 90,443 41,999 8.3530
22-ago-14 533,202 497,836 35,366 72,354 141,010 47,159 32,007 106,965 91,568 42,138 8.4245
25-ago-14 534,926 499,644 35,282 72,902 141,380 47,172 32,024 107,135 92,147 42,166 8.4125
26-ago-14 535,876 500,583 35,293 72,363 141,191 47,205 32,049 107,330 93,649 42,089 8.4110
27-ago-14 536,916 501,831 35,085 71,358 141,632 47,274 32,097 107,207 95,240 42,107 8.4077
28-ago-14 538,009 502,985 35,024 71,568 141,568 47,262 32,115 107,178 96,021 42,297 8.4052
29-ago-14 539,641 504,588 35,053 70,556 143,192 47,248 32,149 107,152 97,084 42,260 8.4040
01-sep-14 539,592 504,746 34,846 71,889 143,200 47,280 32,179 106,875 95,853 42,315 8.4087
02-sep-14 539,187 504,604 34,583 71,048 141,929 47,281 32,238 107,070 97,276 42,346 8.4103
03-sep-14 538,288 503,700 34,588 70,745 142,434 47,283 32,247 107,177 96,190 42,213 8.4135
04-sep-14 538,942 504,772 34,170 71,288 142,418 47,320 32,285 107,243 96,129 42,259 8.4018
05-sep-14 538,216 504,046 34,170 70,256 143,223 47,335 32,215 107,342 95,711 42,135 8.4120
08-sep-14 537,704 503,611 34,093 70,704 142,982 47,326 32,203 107,364 94,971 42,154 8.4200
09-sep-14 536,951 503,114 33,837 71,379 142,627 47,313 32,227 107,495 93,831 42,078 8.4087
10-sep-14 536,830 503,153 33,677 72,184 142,721 47,292 32,225 107,636 92,861 41,911 8.4045
11-sep-14 537,249 503,623 33,626 73,300 142,962 47,393 32,265 107,872 91,434 42,023 8.4023
12-sep-14 536,346 502,687 33,659 72,456 143,495 47,406 32,224 108,094 90,559 42,111 8.4022

- 16 -
 M2 (en M de $) TASAS
Plazo Fijo 30-44 días Lebac Nobac (pesos tasa variable) RESERVAS LIQUIDACION COMPRA DE
Badlar Call
$ US$ Pases (stock en M DE DIVISAS DIVISAS DEL
Circulante Cuenta Caja de Bancos Bancos
Total Pasivos de US$) CIARACEC BCRA
en Público Corriente Ahorro Bancos Entre 1 1 mes 6 meses Privados Privados
Total General Total General Total 1 Total 7 días
Privados Bancos Priv. 1 año 2 años
2007 134,688 57,106 46,102 31,480 8.25 1.21 8.62 10.06 8.62 8.67 7.47 10.54 8.62 46,176 17,578 10,474
2008 157,996 66,774 54,689 36,532 11.61 1.45 11.86 13.53 10.04 9.68 9.29 12.04 11.43 46,386 21,835 -1,018
2009 176,201 72,582 64,687 38,923 11.75 0.98 11.76 12.38 10.21 10.37 10.44 - 14.38 47,967 16,199 3,300
2010 215,219 90,767 76,500 47,938 9.32 0.33 9.47 10.13 9.09 9.03 9.50 11.13 12.98 52,145 22,229 11,805
2011 287,421 124,084 98,197 65,127 10.91 0.30 11.30 13.37 9.97 9.77 9.50 - 12.16 46,331 25,033 3,335
2012 381,512 168,300 126,598 86,598 12.28 0.49 11.92 13.84 9.79 9.44 9.50 - 12.98 43,245 22,955 9,200
2013 502,496 220,944 162,524 119,012 15.14 0.49 15.10 16.96 13.11 12.69 9.50 - 15.78 30,554 22,538 -5,310
Variaciones en % en p.p. en M de US$
2007 21.1% 26.5% 18.5% 16.0% 1.56 0.35 1.61 1.09 1.47 1.48 1.92 3.64 0.34 14,140 5,302 -3,533
2008 17.3% 16.9% 18.6% 16.0% 3.36 0.24 3.24 3.48 1.42 1.02 1.81 1.50 2.81 209 4,257 -11,492
2009 11.5% 8.7% 18.3% 6.5% 0.14 -0.48 -0.10 -1.15 0.17 0.69 1.15 2.95 1,582 -5,637 4,317
2010 22.1% 25.1% 18.3% 23.2% -2.43 -0.65 -2.29 -2.25 -1.13 -1.34 -0.94 -1.41 4,177 6,030 8,506
2011 33.5% 36.7% 28.4% 35.9% 1.60 -0.03 1.83 3.24 0.89 0.74 0.00 -0.81 -5,814 2,804 -8,470
2012 32.7% 35.6% 28.9% 33.0% 1.37 0.19 0.62 0.47 -0.18 -0.32 0.00 0.82 -3,086 -2,078 5,865
2013 31.7% 31.3% 28.4% 37.4% 2.86 -0.01 3.18 3.12 3.31 3.24 0.00 2.79 -12,691 -417 -14,510
ene-13 475,057 207,714 160,062 107,317 12.90 0.62 13.04 15.14 10.85 10.12 9.50 13.98 42,531 1,284 99
Indicadores Monetarios III

feb-13 458,786 206,094 143,513 109,176 13.09 0.59 12.50 14.76 11.02 10.36 9.50 13.90 41,609 949 -169
mar-13 462,276 205,321 146,682 110,243 13.51 0.55 13.19 14.83 12.02 11.34 9.50 14.58 40,446 1,755 -188
abr-13 466,840 205,380 151,275 110,180 13.97 0.52 14.50 15.08 11.58 11.21 9.50 14.51 39,532 3,046 598
may-13 471,417 208,389 153,874 109,135 14.61 0.52 14.88 15.73 13.72 14.12 9.50 16.50 38,551 3,277 391
jun-13 491,372 214,502 159,708 117,127 15.07 0.50 15.22 16.58 13.22 12.39 9.50 16.45 37,005 2,489 541
jul-13 511,623 226,678 159,920 125,024 14.97 0.49 15.65 17.24 13.62 13.25 9.50 16.75 37,049 2,336 -129
ago-13 520,007 229,481 167,879 122,576 15.21 0.48 14.79 17.70 12.09 11.84 9.50 16.67 36,678 2,381 -345
sep-13 528,021 231,388 171,842 124,792 15.57 0.46 15.18 18.00 12.22 11.84 9.50 16.51 34,741 1,805 -1,161
oct-13 533,556 234,463 171,785 127,303 16.27 0.40 16.91 18.74 12.24 11.64 9.50 16.46 33,232 1,548 -2,014
nov-13 532,661 234,779 172,763 125,070 15.84 0.38 16.79 19.05 15.32 14.87 9.50 16.55 30,799 1,109 -2,009
dic-13 578,340 247,137 190,978 140,203 17.65 0.34 18.55 20.18 19.39 19.28 9.50 16.44 30,599 1,230 -924
ene-14 614,350 252,115 224,302 137,932 18.86 0.45 19.19 21.69 16.16 14.66 9.50 23.47 2.50 27,748 1,069 -1,753
feb-14 576,756 245,000 200,430 131,325 20.99 1.01 22.43 25.58 14.64 12.19 9.50 29.53 2.50 27,546 1,892 1,662
mar-14 559,254 240,603 186,001 132,649 21.41 1.07 22.48 26.17 19.05 17.85 9.50 29.41 2.50 27,007 1,669 477
abr-14 562,778 239,846 191,077 131,853 21.67 1.10 22.80 26.28 15.01 13.83 9.50 28.96 2.50 28,220 3,175 2,446
may-14 574,466 239,916 200,970 133,579 21.29 1.09 21.75 24.66 16.91 15.75 9.50 27.37 2.50 28,542 2,976 907
jun-14 612,006 249,617 215,126 147,262 20.92 1.05 20.73 23.02 21.48 20.66 9.50 27.40 2.50 29,278 2,494 771
jul-14 640,011 266,742 210,255 163,014 20.17 1.02 20.04 21.98 15.50 13.45 9.50 27.33 2.50 29,003 2,791 763
ago-14 646,791 270,697 217,102 158,992 19.64 0.99 19.99 21.18 15.46 13.40 9.50 27.33 2.50 28,620 1,577 -99
Var. i.a. en % en p.p. en M de US$
ene-13 37.2% 38.5% 32.4% 42.1% 0.41 0.27 0.63 -0.92 1.23 0.88 0.00 -4,064 -417 -972
feb-13 35.6% 38.7% 26.7% 42.7% 0.89 0.24 0.55 0.63 1.59 1.31 0.00 -5,059 -273 -1,111
mar-13 35.7% 37.7% 28.7% 42.5% 1.83 0.19 2.07 1.96 2.34 2.23 0.00 -6,845 -15 -1,752
abr-13 35.8% 36.5% 32.2% 39.4% 2.28 0.10 3.05 2.90 2.16 2.18 0.00 -8,312 809 -1,057
may-13 33.0% 35.1% 27.4% 37.6% 3.35 0.10 3.80 4.02 4.41 5.09 0.00 -8,426 634 -1,006
jun-13 31.8% 31.4% 28.1% 37.8% 3.61 0.00 3.95 4.43 3.68 3.17 0.00 -9,343 187 -192
jul-13 28.1% 29.5% 22.1% 33.9% 3.39 -0.08 3.92 4.05 3.99 3.88 0.00 -9,770 -251 -480
ago-13 28.7% 28.5% 24.8% 34.9% 3.56 -0.07 3.64 3.77 2.28 2.25 0.00 -8,474 287 -451
sep-13 32.1% 28.1% 35.2% 35.8% 3.62 -0.10 3.58 3.73 2.31 2.15 0.00 -10,269 77 -1,278
oct-13 32.0% 27.5% 33.6% 38.8% 3.65 -0.21 4.00 3.83 2.07 1.86 0.00 -12,042 -147 -2,041
nov-13 27.1% 25.9% 24.4% 33.2% 3.70 -0.27 3.86 3.75 5.08 4.98 0.00 -14,439 -332 -2,149
dic-13 27.1% 24.0% 26.4% 33.9% 3.95 -0.28 5.12 4.81 8.62 8.93 0.00 -12,691 -307 -2,022
ene-14 29.3% 21.4% 40.1% 28.5% 5.96 -0.17 6.15 6.55 5.31 4.55 0.00 -14,782 -215 -1,852
feb-14 25.7% 18.9% 39.7% 20.3% 7.90 0.42 9.93 10.82 3.62 1.83 0.00 -14,063 943 1,831
mar-14 21.0% 17.2% 26.8% 20.3% 7.90 0.53 9.29 11.34 7.02 6.50 0.00 -13,438 -86 665
abr-14 20.6% 16.8% 26.3% 19.7% 7.70 0.58 8.29 11.20 3.42 2.63 0.00 -11,312 129 1,847
may-14 21.9% 15.1% 30.6% 22.4% 6.68 0.58 6.87 8.93 3.19 1.63 0.00 -10,009 -300 517
jun-14 24.6% 16.4% 34.7% 25.7% 5.85 0.55 5.51 6.44 8.26 8.27 0.00 -7,727 5 230
jul-14 25.1% 17.7% 31.5% 30.4% 5.20 0.52 4.38 4.74 1.88 0.20 0.00 -8,046 455 892
ago-14 24.4% 18.0% 29.3% 29.7% 4.43 0.51 5.20 3.48 3.37 1.56 0.00 -8,058 -804 246
13-ago-14 644,776 272,019 217,056 155,701 20.44 1.07 20.44 21.25 21.14 20.29 9.50 28,970 20
14-ago-14 645,291 271,450 219,853 153,988 18.61 0.82 17.94 21.13 23.70 22.87 9.50 28,971 -19
15-ago-14 644,105 271,466 218,905 153,734 16.63 0.76 13.88 21.13 26.86 26.49 9.50 28,953 12
19-ago-14 639,971 269,982 219,194 150,795 20.62 1.04 20.69 21.19 26.88 26.54 9.50 28,952 29
20-ago-14 633,817 268,132 219,331 146,354 20.74 0.94 20.63 21.19 19.69 19.90 9.50 28,923 -28
21-ago-14 642,617 267,748 227,864 147,005 20.84 1.03 20.50 21.19 11.60 11.23 9.50 28,859 -14
22-ago-14 642,036 267,924 227,171 146,941 19.58 0.74 18.81 21.13 11.55 10.96 9.50 28,781 -93
25-ago-14 643,931 267,099 231,296 145,536 19.32 1.01 19.06 20.94 10.25 9.49 9.50 28,675 -93
26-ago-14 648,873 266,294 235,743 146,836 20.27 1.01 20.50 21.00 9.79 9.42 9.50 28,587 -78
27-ago-14 648,512 266,371 233,846 148,295 19.82 0.87 19.25 21.00 10.20 9.80 9.50 28,606 16
28-ago-14 666,189 266,846 243,786 155,557 20.85 0.87 20.75 21.00 11.08 9.62 9.50 28,635 -32
29-ago-14 663,122 269,095 227,107 166,920 19.52 1.01 19.50 20.75 12.39 10.98 9.50 28,620 52
01-sep-14 665,357 271,120 226,346 167,891 19.73 0.87 19.75 21.06 18.79 17.69 9.50 28,614 0
02-sep-14 662,514 272,114 222,977 167,423 20.33 1.71 20.81 20.88 17.39 16.33 9.50 28,551 -28
03-sep-14 658,104 273,128 218,614 166,362 18.64 0.75 18.13 20.50 16.18 15.25 9.50 28,507 -65
04-sep-14 654,894 274,968 207,516 172,410 20.40 1.30 20.38 21.00 12.32 11.20 9.50 28,471 268
05-sep-14 653,322 277,653 203,595 172,074 20.05 0.90 19.50 20.56 12.48 11.06 9.50 28,385 -56
08-sep-14 649,477 279,036 205,958 164,483 20.10 0.97 19.94 20.38 13.04 11.70 9.50 28,337 24
09-sep-14 646,206 277,871 206,477 161,858 20.01 1.04 19.50 20.50 12.83 11.61 9.50 28,432 23
10-sep-14 647,330 277,236 210,678 159,416 19.24 0.64 18.81 20.44 14.11 12.92 9.50 28,414 1
11-sep-14 652,806 276,433 217,630 158,743 18.04 1.07 15.56 20.56 13.78 12.93 9.50 28,412 57
12-sep-14 651,859 275,945 216,885 159,029 19.80 1.13 19.50 20.13 12.82 11.97 9.50 28,393 5
1
Solo considera días hábiles

- 17 -
 EXPORTACIONES IMPORTACIONES
TÉRMINOS
Vehículos BALANZA
Productos Combustibles Bienes Bienes Combustibles Piezas y Acces. Bienes DEL
Valor Precio Cantidad MOA MOI Valor Precio Cantidad Automotores COMERCIAL
Primarios y Energía de Capital Intermedios y Lubricantes p/ Bs. de Capital de Consumo INTERCAMBIO
de Pasajeros

M de US$ M de US$ M de US$ M de US$ M de US$ Base 1997=100

2006 46,546 108.0 163.8 8,643 15,274 14,855 7,775 34,154 98.1 114.6 8,385 11,894 1,730 6,137 3,849 2,038 12,393 110.1
2007 55,980 120.6 176.6 12,380 19,270 17,408 6,868 44,707 104.4 141.3 10,534 15,457 2,841 7,895 5,141 2,711 11,273 115.5
2008 70,018 151.7 176.6 16,144 23,925 22,097 7,841 57,462 115.3 163.9 12,738 20,018 4,387 9,977 6,367 3,728 12,557 131.6
2009 55,672 130.4 164.3 9,283 21,338 18,713 6,386 38,780 102.2 126.2 8,687 12,563 2,627 7,209 5,070 2,512 16,892 127.6
2010 68,133 135.3 193.9 15,142 22,661 23,816 6,515 56,502 109.3 170.3 11,647 17,687 4,474 11,459 6,611 4,482 11,632 123.7
2011 83,950 156.5 205.5 20,214 28,192 28,915 6,629 73,937 119.8 202.7 13,970 21,794 9,413 14,919 8,040 5,592 10,014 130.7
2012 80,927 158.3 197.4 19,188 27,668 27,599 6,850 68,508 120.1 188.3 11,874 19,996 9,267 14,396 7,293 5,383 12,419 131.8
2013 81,660 155.3 204.5 19,194 29,786 28,684 5,312 73,657 122.8 198.5 12,684 19,553 11,401 15,464 7,475 7,081 8,003 126.4
Variaciones en M de US$
2006 15.3% 7.8% 6.7% 6.6% 16.2% 23.9% 8.7% 19.1% 3.2% 15.4% 19.6% 14.6% 12.0% 26.3% 21.7% 27.2% 693 4.5%
2007 20.3% 11.6% 7.8% 43.2% 26.2% 17.2% -11.7% 30.9% 6.4% 23.3% 25.6% 30.0% 64.2% 28.6% 33.6% 33.0% -1,120 4.9%
2008 25.1% 25.8% 0.0% 30.4% 24.2% 26.9% 14.2% 28.5% 10.5% 16.0% 20.9% 29.5% 54.4% 26.4% 23.8% 37.5% 1,284 13.9%
2009 -20.5% -14.0% -7.0% -42.5% -10.8% -15.3% -18.6% -32.5% -11.4% -23.0% -31.8% -37.2% -40.1% -27.7% -20.4% -32.6% 4,335 -3.0%
2010 22.4% 3.7% 18.0% 63.1% 6.2% 27.3% 2.0% 45.7% 7.0% 35.0% 34.1% 40.8% 70.3% 59.0% 30.4% 78.4% -5,260 -3.1%
2011 23.2% 15.7% 6.0% 33.5% 24.4% 21.4% 1.8% 30.9% 9.6% 19.0% 19.9% 23.2% 110.4% 30.2% 21.6% 24.8% -1,618 5.6%
2012 -3.6% 1.2% -3.9% -5.1% -1.9% -4.6% 3.3% -7.3% 0.3% -7.1% -15.0% -8.2% -1.6% -3.5% -9.3% -3.7% 2,405 0.9%
2013 0.9% -1.9% 3.6% 0.0% 7.7% 3.9% -22.4% 7.5% 2.3% 5.4% 6.8% -2.2% 23.0% 7.4% 2.5% 31.5% -4,416 -4.1%
Acum. 2014 -10.2% -24.5% 2.6% -13.6% -16.2% -10.4% 4.0% -4.3% -8.3% -17.5% -11.0% -43.5% -502
ene-13 5,572 149.8 168.9 1,328 1,772 2,054 511 5,358 120.3 177.3 993 1,590 681 1,052 650 407 214 124.5
feb-13 5,649 152.3 171.8 1,404 1,916 2,103 320 5,175 116.2 175.1 896 1,504 597 1,125 589 501 474 131.0
mar-13 6,245 152.9 175.0 1,725 1,688 2,309 523 5,434 119.7 179.8 839 1,455 811 1,286 609 408 811 127.8
Indicadores del Sector Externo I

abr-13 7,372 160.9 201.7 2,415 2,568 2,297 286 6,378 121.6 219.5 960 1,694 1,075 1,388 633 650 994 132.4
may-13 8,501 168.1 222.9 2,426 2,855 2,335 885 7,063 124.4 227.9 1,140 1,793 1,391 1,453 642 627 1,438 135.2
jun-13 7,583 163.0 215.5 2,109 2,704 2,293 478 6,368 132.9 187.2 894 1,524 1,555 1,251 521 607 1,215 122.7
jul-13 7,398 161.3 215.6 1,974 2,682 2,344 397 7,022 133.1 212.4 1,086 1,774 1,358 1,450 672 666 376 121.2
ago-13 7,474 155.7 234.5 2,023 2,947 2,415 349 7,107 132.1 212.0 1,076 1,673 1,548 1,453 637 760 367 117.8
sep-13 6,846 155.1 215.2 1,411 2,864 2,317 403 6,130 116.7 207.9 1,171 1,697 610 1,389 646 599 716 132.8
oct-13 7,144 142.6 240.1 1,088 2,789 2,945 448 6,550 111.6 229.4 1,268 1,798 664 1,489 707 614 594 127.8
nov-13 6,609 151.3 223.6 597 2,794 3,023 415 5,912 123.1 195.4 1,253 1,612 553 1,214 638 638 697 122.8
dic-13 5,267 150.6 169.2 694 2,207 2,249 297 5,160 122.3 157.5 1,108 1,439 558 914 531 604 107 123.1
ene-14 5,231 145.3 160.4 804 2,159 1,794 474 5,196 120.3 172.0 1,035 1,573 520 1,020 626 405 35 120.8
feb-14 5,393 150.8 163.2 924 1,946 2,052 471 5,349 116.2 178.6 928 1,483 852 1,141 557 372 44 129.7
mar-14 5,253 146.8 154.0 995 1,671 2,063 523 5,211 123.3 167.3 830 1,500 949 1,160 505 250 42 119.1
abr-14 6,398 159.3 175.5 1,619 2,731 1,725 322 5,472 119.1 191.0 966 1,577 932 1,106 546 327 926 133.7
may-14 7,117 166.4 187.3 1,725 2,986 2,063 343 5,858 119.4 198.3 1,039 1,614 1,175 1,104 534 372 1,259 139.4
jun-14 7,387 166.3 206.9 1,823 3,075 2,018 471 6,008 134.2 176.0 1,108 1,514 1,528 983 519 336 1,379 123.9
jul-14 6,723 156.5 202.7 1,955 2,554 1,991 222 5,920 133.1 178.4 1,156 1,592 1,270 1,071 559 252 803 117.5
ago-14 6,599 152.6 211.1 1,791 2,513 1,979 316 5,700 126.8 178.1 1,134 1,600 1,040 1,045 561 300 899 120.3
Acum. 2013 55,794 15,404 19,132 18,150 3,749 49,905 7,884 13,007 9,016 10,458 4,953 4,626 5,889
Acum. 2014 50,101 11,636 19,635 15,685 3,142 44,714 8,196 12,453 8,266 8,630 4,407 2,614 5,387
Var. i.a. en M de US$
ene-13 -0.9% 4.0% -8.0% 9.0% -3.7% -7.4% -19.2% 0.0% 4.0% -3.0% -17.1% -5.7% 74.0% 7.2% -1.7% -4.0% -54 0.0%
feb-13 -5.9% 0.0% -6.0% -7.8% -10.3% 13.0% -44.6% 8.8% 3.0% 7.0% 0.7% 3.0% 33.0% 18.6% 15.6% 6.0% -772 -2.9%
mar-13 0.8% -2.0% -6.0% 14.6% -11.4% 3.2% -4.7% 4.5% 2.0% 3.0% 0.0% -6.7% 64.3% -1.6% 22.3% -14.2% -187 -3.9%
abr-13 9.8% 0.0% 12.0% 42.7% 20.3% 6.5% -60.9% 31.2% -4.0% 38.0% 39.7% 21.4% 23.1% 35.0% 43.9% 57.8% -859 4.2%
may-13 14.6% 3.0% 10.0% 28.3% -1.5% 13.2% 55.8% 16.9% -3.0% 21.0% 52.4% 2.2% 4.7% 22.7% 8.6% 53.7% 61 6.2%
jun-13 8.2% 2.0% 6.0% 18.1% 7.2% 3.0% 0.8% 4.4% 1.0% 4.0% 4.9% -8.4% 6.7% 15.8% -2.6% 25.2% 305 1.0%
jul-13 -3.2% 1.0% 1.0% -12.4% 6.9% -3.0% -14.8% 10.3% 0.0% 10.0% 15.5% -2.4% 7.2% 15.3% 2.8% 64.5% -901 1.0%
ago-13 -2.9% -4.0% 5.0% 4.9% 5.5% -0.2% -37.6% 12.6% 12.0% 1.0% -0.1% -7.6% 103.4% -0.3% -10.9% 67.4% -1,022 -14.3%
sep-13 0.8% -6.0% 9.0% -4.8% 21.5% -2.5% -30.0% 3.8% 3.0% 1.0% -5.1% 2.8% -8.7% 6.9% 4.0% 47.5% -172 -8.7%
oct-13 3.8% -8.0% 15.0% -19.3% 20.5% 12.4% -25.2% 3.7% 2.0% 1.0% 11.6% -6.5% 36.3% -1.8% -5.0% 27.9% 27 -9.8%
nov-13 -0.5% -8.0% 12.0% -52.8% 22.2% 19.3% -25.5% 1.4% 7.0% -5.0% 9.2% -8.9% 6.3% -5.8% -8.1% 60.7% -114 -14.0%
dic-13 -16.3% -4.0% -10.0% -46.4% 12.0% -8.9% -47.0% -5.5% 2.0% -7.0% -1.7% -4.4% -2.6% -12.7% -15.7% 7.1% -728 -5.9%
ene-14 -6.1% -3.0% -5.0% -39.5% 21.8% -12.7% -7.2% -3.0% 0.0% -3.0% 4.2% -1.1% -23.6% -3.0% -3.7% -0.5% -179 -3.0%
feb-14 -4.5% -1.0% -5.0% -34.2% 1.6% -2.4% 47.2% 3.4% 0.0% 2.0% 3.6% -1.4% 42.7% 1.4% -5.4% -25.7% -430 -1.0%
mar-14 -15.9% -4.0% -12.0% -42.3% -1.0% -10.7% 0.0% -4.1% 3.0% -7.0% -1.1% 3.1% 17.0% -9.8% -17.1% -38.7% -769 -6.8%
abr-14 -13.2% -1.0% -13.0% -33.0% 6.3% -24.9% 12.6% -14.2% -2.0% -13.0% 0.6% -6.9% -13.3% -20.3% -13.7% -49.7% -68 1.0%
may-14 -16.3% -1.0% -16.0% -28.9% 4.6% -11.6% -61.2% -17.1% -4.0% -13.0% -8.9% -10.0% -15.5% -24.0% -16.8% -40.7% -179 3.1%
jun-14 -2.6% 2.0% -4.0% -13.6% 13.7% -12.0% -1.5% -5.7% 1.0% -6.0% 23.9% -0.7% -1.7% -21.4% -0.4% -44.6% 164 1.0%
jul-14 -9.1% -3.0% -6.0% -1.0% -4.8% -15.1% -44.1% -15.7% 0.0% -16.0% 6.4% -10.3% -6.5% -26.1% -16.8% -62.2% 427 -3.0%
ago-14 -11.7% -2.0% -10.0% -11.5% -14.7% -18.1% -9.5% -19.8% -4.0% -16.0% 5.4% -4.4% -32.8% -28.1% -11.9% -60.5% 532 2.1%

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Indicadores del Sector Externo II

COMERCIO CON BRASIL

% sobre % sobre Saldo

Exportaciones Importaciones
el total el total Bilateral

M de US$ M de US$ M de US$

2006 8,054 17.3% 11,720 34.3% -3,666
2007 10,410 18.6% 14,417 32.2% -4,007
2008 13,257 18.9% 17,606 30.6% -4,349
2009 11,282 20.3% 12,785 33.0% -1,503
2010 14,435 21.2% 18,523 32.8% -4,088
2011 16,906 20.1% 22,709 30.7% -5,803
2012 16,444 20.3% 17,998 26.3% -1,554
2013 16,463 20.2% 19,055 25.9% -2,592
Variaciones p.p. p.p. en M de US$
2006 29.1% 1.9 18.2% -0.3 11
2007 29.3% 1.3 23.0% -2.1 -341
2008 27.3% 0.3 22.1% -1.6 -342
2009 -14.9% 1.3 -27.4% 2.3 2,845
2010 27.9% 0.9 44.9% -0.2 -2,585
2011 17.1% -1.0 22.6% -2.1 -1,715
2012 -2.7% 0.2 -20.7% -4.4 4,249
2013 0.1% -0.2 5.9% -0.4 -1,038
Acum. 2014 -18.7% -21.1% 459
ene-13 1,275 22.9% 1,398 26.1% -123
feb-13 1,429 25.3% 1,290 24.9% 139
mar-13 1,464 23.4% 1,397 25.7% 67
abr-13 1,591 21.6% 1,766 27.7% -175
may-13 1,496 17.6% 1,826 25.9% -330
jun-13 1,543 20.3% 1,644 25.8% -101
jul-13 1,485 20.1% 1,866 26.6% -382
ago-13 1,280 17.1% 1,253 17.6% 27
sep-13 1,163 17.0% 1,915 31.2% -753
oct-13 1,383 19.4% 1,822 27.8% -439
nov-13 1,178 17.8% 1,509 25.5% -331
dic-13 1,176 22.3% 1,368 26.5% -192
ene-14 981 18.8% 1,207 23.2% -225
feb-14 1,094 20.3% 1,165 21.8% -71
mar-14 1,218 23.2% 1,183 22.7% 36
abr-14 1,264 19.8% 1,284 23.5% -20
may-14 1,273 17.9% 1,297 22.1% -24
jun-14 1,204 16.3% 1,272 21.2% -68
jul-14 1,193 17.7% 1,171 19.8% 22
ago-14 1,169 17.7% 1,237 21.7% -68
Acum. 2013 11,563 12,441 -878
Acum. 2014 9,397 9,815 -419
Var. i.a. p.p. p.p. en M de US$
ene-13 -5.5% -1.1 -2.4% -0.6 -40
feb-13 50.9% 9.5 -24.2% -10.8 894
mar-13 12.9% 2.5 -2.1% -1.7 197
abr-13 17.8% 1.5 30.7% -0.1 -174
may-13 9.0% -0.9 13.1% -0.9 -88
jun-13 47.1% 5.4 25.4% 4.3 161
jul-13 11.3% 2.6 25.3% 3.2 -226
ago-13 -19.1% -3.4 -24.9% -8.8 112
sep-13 -12.1% -2.5 29.4% 6.2 -596
oct-13 -17.0% -4.8 12.2% 2.1 -481
nov-13 -26.7% -6.4 -2.8% -1.1 -385
dic-13 -24.9% -2.6 1.6% 1.9 -413
ene-14 -23.0% -4.1 -13.7% -2.9 -102
feb-14 -23.5% -5.0 -9.7% -3.2 -210
mar-14 -16.8% -0.2 -15.4% -3.0 -31
abr-14 -20.6% -1.8 -27.3% -4.2 155
may-14 -14.9% 0.3 -29.0% -3.7 306
jun-14 -21.9% -4.0 -22.6% -4.6 33
jul-14 -19.6% -2.3 -37.3% -6.8 404
ago-14 -8.7% 0.6 -1.3% 4.1 -95

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Indicadores del Mercado Laboral
Mercado de Trabajo
1
Anual Trimestrales
2009 2010 2011 2012 2013 II-13 III-13 IV-13 I-14 II-14
2
Niveles
Población Urbana 36,441 36,876 37,317 37,762 38,105 37,984 38,105 38,213 38,314 38,438
PEA 16,872 16,881 17,196 17,484 17,566 17,663 17,566 17,425 17,241 17,220
Empleo Total 15,451 15,651 16,036 16,275 16,347 16,371 16,347 16,317 16,015 15,913
Empleo Total Corregido3 15,415 - - - - - - - - -
Empleo Pleno 13,713 14,250 14,568 14,702 14,819 14,658 14,819 14,958 14,619 14,295
Subocupación 1,738 1,401 1,468 1,574 1,528 1,713 1,528 1,359 1,397 1,619
Subocupación Demandante 1,164 928 1,017 1,119 1,019 1,183 1,019 889 948 1,171
Subocupación No Demandante 574 473 451 455 509 530 509 470 448 448
Desempleo 1,413 1,231 1,160 1,206 1,195 1,272 1,195 1,115 1,224 1,292
Desempleo Corregido3 1,417 - - - - - - - - -
Planes de Empleo4 4 - - - -
Asalariados 11,635 12,082 12,412 12,516 12,522 12,393 12,522 12,515 12,284 12,110
Asalariados sin Dto. Jubilatorio 4,200 4,072 4,245 4,330 4,333 4,276 4,333 4,193 4,029 4,008
Puestos de Trabajo según SIJP 7,147 7,415 7,777 7,833 - - - - - -
Remuneración Bruta según SIJP 3,824 4,843 6,342 - - - - - - -
Salario Mínimo, Vital y Móvil (mensual) 1,440 1,740 2,300 2,670 3,300 2,875 3,300 3,300 3,600 3,600
Variación i.a.
Población Urbana 430 435 440 446 450 448 450 451 450 454
PEA 307 9 314 288 -94 321 -94 -59 -100 -443
Empleo Total 110 200 385 240 43 306 43 42 37 -458
Empleo Total Corregido3 146 - - - - - - - - -
Empleo Pleno -120 536 318 134 86 223 86 256 28 -363
Subocupación 230 -337 67 105 -43 83 -43 -214 9 -95
Subocupación Demandante 170 -236 88 102 -76 22 -76 -230 -6 -12
Subocupación No Demandante 60 -101 -21 3 33 62 33 16 15 -82
Desempleo 198 -182 -71 47 -148 23 -148 -91 -146 20
Desempleo Corregido3 175 - - - - - - - - -
Planes de Empleo4 -24 - - - - - - - - -
Asalariados -86 448 329 104 179 135 179 -1 12 -283
Asalariados sin Dto. Jubilatorio -230 -128 173 86 -49 47 -49 -138 102 -267
Generación Puestos de Trabajo según SIJP -31 268 362 - - - - - - -
Tasas
Actividad 46.3 45.8 46.1 46.3 46.1 46.5 46.1 45.6 45.0 44.8
Empleo 42.4 42.4 43.0 43.1 42.9 43.1 42.9 42.7 41.8 41.4
Empleo Total Corregido3 42.3 - - - - - - - - -
Subempleo 10.3 8.3 8.5 9.0 8.7 9.7 8.7 7.8 8.1 9.4
Subempleo Demandante 6.9 5.5 5.9 6.4 5.8 6.7 5.8 5.1 5.5 6.8
Subempleo No Demandante 3.4 2.8 2.6 2.6 2.9 3.0 2.9 2.7 2.6 2.6
Desempleo 8.4 7.3 6.7 6.9 6.8 7.2 6.8 6.4 7.1 7.5
Desempleo Corregido3 8.4 - - - - - - - - -
Planes de Empleo/Ocupados 0.0 - - - - - - - - -
Asalariados 75.3 77.2 77.4 76.9 76.6 75.7 76.6 76.7 76.7 76.1
Asalariados sin Dto. Jubilatorio 36.1 33.7 34.2 34.6 34.6 34.5 34.6 33.5 32.8 33.1
Elasticidad Empleo-Producto -1.2 0.15 0.49 1.23 0.05 0.3 0.1 0.1 0.1 1.3
Variación i.a.
Población Urbana 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2
PEA 1.9 0.1 1.9 1.7 -0.5 1.9 -0.5 -0.3 -0.6 -2.5
Empleo Total 0.7 1.3 2.5 1.5 0.3 1.9 0.3 0.3 0.2 -2.8
Empleo Total Corregido3 1.0 - - - - - - - - -
Empleo Pleno -0.9 3.9 2.2 0.9 0.6 1.5 0.6 1.7 0.2 -2.5
Subocupación 15.3 -19.4 4.8 7.2 -2.8 5.1 -2.8 -13.6 0.7 -5.5
Subocupación Demandante 17.1 -20.2 9.5 10.0 -6.9 1.9 -6.9 -20.6 -0.6 -1.1
Subocupación No Demandante 11.7 -17.6 -4.5 0.7 6.8 13.2 6.8 3.5 3.4 -15.5
Desempleo 16.3 -12.9 -5.8 4.0 -11.0 1.9 -11.0 -7.6 -10.6 1.6
Desempleo Corregido3 14.1 - - - - - - - - -
Planes de Empleo4 -85.1 - - - - - - - - -
Asalariados -0.7 3.8 2.7 0.8 1.5 1.1 1.5 -0.0 0.1 -2.3
Asalariados sin Dto. Jubilatorio -5.2 -3.1 4.3 2.0 -1.1 1.1 -1.1 -3.2 2.6 -6.2
Generación Puestos de Trabajo según SIJP -0.4 3.8 4.9 - - - - - - -
Fuente: Estudio Bein & Asoc. en base a datos del INDEC y del Ministerio de Trabajo, Empleo y Seguridad Social.
Nota Metodológica 1: A partir del I trim 2003 la EPH puntual fue reemplazada por la EPH continua. Para mayor información,
ver el documento "La nueva Encuesta Permanente de Hogares de Argentina. 2003" en http://www.indec.mecon.gov.ar
(ingrese por la Búsqueda temática al capítulo trabajo e ingresos, submenú Empleo y desempleo, renglón Metodología)
Nota Medológica 2: Por cambios en la muestra y por datos preliminares en el III trim 07 y IV trim 07 los niveles se calculan
tomando la tasa promedio.
1 Datos fin de período

2 Niveles ampliados a la Población Urbana.

3 Recálculo de tasas básicas considerando como desocupados a los ocupados cuya ocupación principal proviene de un Plan Jefas/Jefes de Hogar. Esto implica asumir que, en caso de no

tener un Plan Jefas y Jefes de Hogar, la totalidad de estas personas serían desocupadas y estarían, por lo tanto, incluidas en la PEA. En el caso del 1º trimestre de 2003 no se aplico el
4 Se hace referencia a los Planes Jefes y Jefas de Hogar. En el caso del 1º trimestre de 2003 no se aplico el módulo sobre Plan Jefas y Jefes, por lo cual se refiere a todos los planes de

empleo. En los siguientes trimestres, los planes Jefas y Jefes representan más del 90% de los planes.

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 Anuales2 Trimestrales
(En millones de US$.-)
2007 2008 2009 2010 2011 2012 2013 I-13 II-13 III-13 IV-13
Deuda Pública Total (incluyendo Holdouts) 151,611 152,888 154,229 167,006 181,590 208,945 214,467 206,708 207,685 212,714 214,467
Deuda Total (a+b) 144,729 145,975 147,119 164,330 178,963 197,464 202,630 195,294 196,143 201,009 202,630
en % del PIB 5 47.3 42.5 45.8 42.4 38.4 38.9 35.0 38.0 36.7 35.9 35.0
a) Deuda Externa6 64,900 55,733 55,007 61,145 60,585 60,171 60,800 58,979 58,361 59,199 60,800
en % del total 44.8 38.2 37.4 37.2 33.9 30.5 30.0 30.2 29.8 29.5 30.0
en % de las Reservas Internacionales 140.5 120.2 114.7 117.3 130.6 139.0 198.7 145.8 157.7 170.4 198.7
b) Deuda Interna 79,829 90,242 92,112 103,185 118,378 137,293 141,900 136,315 137,781 141,811 141,900
Indicadores de Deuda

en % del total 55.2 61.8 62.6 62.8 66.1 69.5 70.0 69.8 70.2 70.5 70.0
Deuda Ajustable por CER 56,949 53,437 37,430 38,057 37,065 35,124 28,425 34,285 33,225 31,391 28,425
en % del total 39.3 36.6 25.4 23.2 20.7 17.8 14.0 17.6 16.9 15.6 14.0
Deuda Mediano y Largo Plazo 128,772 125,655 126,021 142,074 155,204 168,277 177,177 169,327 169,912 176,202 177,177
Títulos Públicos 85,404 84,878 87,863 111,712 123,558 127,970 134,130 127,363 127,211 134,050 134,130
Moneda Nacional 31,780 30,907 33,965 34,751 35,080 33,398 32,618 33,618 33,715 33,016 32,618
Moneda Extrajera 53,624 53,971 53,899 67,180 79,571 86,915 95,942 86,430 86,627 94,702 95,942
Préstamos 43,368 40,777 38,158 30,362 31,646 40,307 43,048 41,963 42,701 42,152 43,048
Préstamos Garantizados 13,037 11,995 4,541 4,425 4,121 3,753 3,035 3,609 3,497 3,331 3,035
Organismos Internacionales 15,050 14,769 16,209 16,958 17,935 18,335 19,394 18,222 18,510 18,723 19,394
Organismos Oficiales (Club de París y otros bilaterales) 1,907 1,275 1,749 1,479 1,410 849 767 773 699 687 767
Deuda Garantizada Bogar 11,849 11,027 10,088 9,781 8,907 7,657 5,571 7,316 6,869 6,331 5,571
Banca Comercial 1,165 1,453 5,102 6,055 6,586 7,273 4,702 7,193 6,851 4,555 4,702
Otros Acreedores 359 258 468 1,030 1,179 1,138 959 1,112 1,002 980 959
Deuda corto plazo 10,467 13,981 14,853 15,927 17,518 23,078 19,517 20,078 20,380 18,820 19,517
Adelantos transitorios BCRA 6,774 7,700 9,626 11,615 15,597 17,778 17,252 17,070 17,535 16,301 17,252
Letras del Tesoro3 1,955 4,090 2,767 3,961 1,333 5,244 2,208 2,952 2,788 2,463 2,208
Pagarés del Tesoro 1,739 2,191 2,460 352 88 56 56 56 56 56 56
Atrasos (Club de París y resto) 5,489 6,339 6,245 6,330 6,241 6,108 5,936 5,889 5,851 5,987 5,936
Capital 4,433 5,236 5,153 5,247 5,194 5,071 4,906 4,885 4,847 4,956 4,906
Interés 1,056 1,103 1,092 1,083 1,047 1,038 1,030 1,004 1,004 1,031 1,030
Intereses Capitalizados - - - - - - -
- - - - -
Holdouts4 6,882 6,913 7,109 2,676 2,627 11,482 11,838 11,414 11,543 11,704 11,838
1
Saldos brutos (con activos financieros)
2
Los datos anuales consideran el stock de deuda al 31/12 de cada año
3
Incluye las letras del Tesoro que tienen vencimiento en el año 2007 y 2008.
4
Se evaluan los Holdouts en base a la quita realizada al momento del canje.
5
Para el cálculo del ratio deuda a PIB se considera el PIB promedio de los últimos 4 trimestres y el tipo de cambio del último mes del período.
6
Los datos a partir del IV trim 07 se estiman desde el balance de pagos ya que los mismos dejaron de publicarse

- 21 -