Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Cost to start a business
According to the World Bank, the average cost of starting a business in Argentina is 5% of income per capita, down from 23% in 2013. Regulatory reforms and public funding aimed at promoting entrepreneurial projects have helped reduce establishment costs.
Financial stability
Despite an ongoing economic recession and the increasing risk of a sovereign debt crisis, financial stability in Argentina has been satisfactory. Basel indicators like the minimum capital adequacy ratio and the domestic credit-to-GDP gap are at satisfactory levels. The long-term impacts of the COVID-19 pandemic is a concern.
Transparency in public procurement
Argentina's public procurement notices are made available online and tender documents transparently detail procurement procedures. The transparency of the process encourages more participation and competition, which can drive value for money.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Permits:
Cost to start a business
Financial markets:
Financial stability
Procurement:
Transparency in public procurement
Opportunities to Grow
Market sounding and/or assessment
According to the World Bank, there is no formal requirement for a market sounding process. Adding one could allow the government to determine if there is an interest from investors and lenders to provide commercial financing for projects.
Dealing with construction permits
According to the World Bank, it takes an average of 318 days to deal with construction permits. As most infrastructure projects require construction approval, expediting this process could encourage investment in infrastructure and help reduce delays.
Stocks traded
At 0.9% of GDP, Argentina’s value of stocks traded is far lower than the Upper Middle Income Countries’ average of 26% of GDP. As this indicator measures the liquidity of equities, it is important to infrastructure investors to know they can exit investments at appropriate points.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Planning:
Market sounding and/or assessment
Permits:
Dealing with construction permits
Financial markets:
Stocks traded
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Argentina
Upper-middle Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
10,617 USD
Population45.8 million persons
68.3 (0-100 best)
Infrastructure investment2.3% of GDP
Infrastructure gap1.5% of GDP
445.5 USD billion
GDP growth rate-3.1%
GDP per capita growth rate-15.2%
Gini coefficient41.2 (0-100 worst)
Gross Government Debt93.0% of GDP
Inflation rate54.4%
Summary credit rating12.0 (0-100 best)
Unemployment rate10.0%
Urbanisation ratio92.0% of total population
Road connectivity94.5 (0-100 best)
3.6 (1-7 best)
Efficiency of train services2.7 (1-7 best)
Efficiency of air transport services4.4 (1-7 best)
Efficiency of seaport services3.9 (1-7 best)
Electricity access98.8% of population
Electricity supply quality13.0% of output lost
Exposure to unsafe drinking water8.2% of population
Reliability of water supply5.3 (1-7 best)
Digital Adoption Index0.7 (0-1 best)
Mobile-broadband subscriptions80.7 per 100 population
Fixed-broadband Internet subscriptions19.1 per 100 population