The GDP in Argentina contracted 4 percent on quarter in the second quarter of 2018, following a downwardly revised 0.7 percent growth in Q1. It is the largest contraction since the last quarter of 2008. GDP Growth Rate in Argentina averaged 0.61 percent from 1993 until 2018, reaching an all time high of 5 percent in the third quarter of 2004 and a record low of -5.70 percent in the fourth quarter of 2001.
GDP Growth Rate in Argentina is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Argentina to stand at -1.10 in 12 months time. In the long-term, the Argentina GDP Growth Rate is projected to trend around 1.00 percent in 2020, according to our econometric models.