Macri's devaluation could have major impact on Argentine prices.

[forest444]

5. Sure. And besides the corruption, a country's GDP structure should also be considered.

Last edited Sat Dec 19, 2015, 07:29 PM - Edit history (1)

In the case of Equatorial Guinea, for example, fully 89% of its GDP is simply oil. Crude, unrefined oil. Private consumption (persons and businesses) is merely 17% of GDP. This, of course, is not the global norm.

In Argentina's case, 65% of GDP is private consumption; 17% fixed investment (construction, machinery, and technology). That's more like what you see in a typical developed or semi-developed economy.

Distribution should also be considered: in Argentina, 60% of the population is in the middle or upper class (Pew Research). But because most of Equatorial Guinea's GDP is oil income that goes anywhere except its people, 77% are poor according to their own poverty line definition. Same per capita GDP, in theory; vastly different outcomes