Argentina began an ambitious stabilisation effort after a difficult legacy of macroeconomic imbalances. According to the OECD, the reforms undertaken since late 2023 are starting to show results: inflation has dropped to levels not seen in years, and the fiscal consolidation that anchored that disinflation is considered to have played a decisive role.

Even so, the OECD notes fiscal policy will need continued fine-tuning to keep public finances sound over the medium and long term while still supporting growth. It also points to a pending, comprehensive tax reform — phasing out particularly distortionary taxes and broadening the income and consumption tax base — as a way to gain both efficiency and fairness, alongside a stronger, more modern tax administration to improve compliance.

On the labour side, the survey highlights that more flexible labour markets and lower social security contributions for low-income workers would cut the cost of formal employment and open up opportunities — complemented by training and education better aligned with what the labour market actually needs.

For the business environment specifically — the part most directly relevant to exporters and importers — the OECD's central message is to keep up reform momentum: continuing to lower barriers to both domestic and international competition, while improving the quality of public services and strengthening public-sector integrity. Together, these are identified as the levers most likely to boost investment and lift productivity growth.

Cite this content as:
OECD (2025), OECD Economic Surveys: Argentina 2025, OECD Publishing, Paris, https://doi.org/10.1787/27dd6e27-en.

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