Argentina GDP Grows Less Than Expected in Q1

Argentina’s economy grew by 5.8% year-on-year in the March quarter of 2025, below the 6.1% analysts had expected and extending the recovery that began with a 2.6% expansion in Q4 2024 after six straight quarters of contraction.

The rebound was led by agriculture (3.7% vs.

1.6% in Q4 2024) as the effects of last year’s historic drought eased, alongside robust gains in construction (6.1% vs.

-12.4%), manufacturing (5.1% vs.

0.7%), wholesale and retail trade (7.3% vs.

2.5%), transportation (2.6% vs.

2.0%) and financial intermediation (27.2% vs.

8.4%).

On a quarter-on-quarter basis, GDP rose 0.8%, following a 2.0% gain in Q4.