Argentina’s GDP expanded 6 percent year-on-year in the first quarter of 2022, easing from an upwardly revised 8.9 percent growth in the previous period and missing market expectations of a 6.1 percent rise. Slowdown was observed in all divisions: household consumption (9.3 percent vs 10 percent in Q3); government expenditure (6.5 percent vs 11.8 percent); and gross fixed capital formation (12.7 percent vs 14.7 percent). Also, net external demand contributed negatively as imports jumped 28.1 percent on year (vs 22.1 percent in Q3) while exports rose by a softer 9.3 percent (vs 22.5 percent). On a quarterly basis, the economy grew 0.9 percent, slowing sharply from an upwardly revised 1.9 percent growth in Q4. source: Instituto Nacional de Estadística y Censos (INDEC)

GDP Annual Growth Rate in Argentina averaged 2.12 percent from 1994 until 2022, reaching an all time high of 18.10 percent in the second quarter of 2021 and a record low of -19 percent in the second quarter of 2020. This page provides the latest reported value for - Argentina GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Annual Growth Rate in Argentina is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 2.00 percent in 2023, according to our econometric models.

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Argentina GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-23 07:00 PM Q4 8.6% 11.9% 8.7% 7.3%
2022-06-23 07:00 PM Q1 6% 8.9% 6.1% 5.8%
2022-09-20 07:00 PM Q2 6% 0.6%


Related Last Previous Unit Reference
GDP Growth Rate 0.90 1.90 percent Mar 2022
GDP Annual Growth Rate 6.00 8.90 percent Mar 2022
GDP Constant Prices 691652.00 697670.00 ARS Million Mar 2022
Gross Fixed Capital Formation 146724.00 148131.00 ARS Million Mar 2022
Full Year GDP Growth 10.30 -9.90 percent Dec 2021
GDP From Utilities 12942.28 12277.92 ARS Million Mar 2022
GDP From Transport 53261.09 51653.33 ARS Million Mar 2022
GDP From Services 90190.06 93984.02 ARS Million Mar 2022
GDP From Public Administration 34914.50 34660.92 ARS Million Mar 2022
GDP From Mining 22656.31 22698.39 ARS Million Mar 2022
GDP From Manufacturing 108992.73 123185.50 ARS Million Mar 2022
GDP From Construction 22467.32 21123.99 ARS Million Mar 2022
GDP From Agriculture 39792.67 36918.42 ARS Million Mar 2022
Economic Activity Index 12.80 11.80 percent Aug 2021

Argentina GDP Annual Growth Rate
Argentina is the third largest economy in Latin America. The services sector is the most important and accounts for 64 percent of total GDP. The biggest segments within Services are: wholesale and retail trade and repairs (14 percent of total GDP); transport, warehousing and communications (12.2 percent); real estate (12 percent); education, health and social services (7.2 percent) and financial intermediation (7 percent). Industry constitutes 25 percent of the GDP and the largest segments within this sector are: manufacturing (16 percent of total GDP); construction (5 percent) and electricity, water and gas distribution (3 percent). The government fuels 7 percent of the GDP and the agriculture and fishing sector accounts for the remaining 4 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
6.00 8.90 18.10 -19.00 1994 - 2022 percent Quarterly

News Stream
Argentina GDP Growth Slows More Than Expected in Q1
Argentina’s GDP expanded 6 percent year-on-year in the first quarter of 2022, easing from an upwardly revised 8.9 percent growth in the previous period and missing market expectations of a 6.1 percent rise. Slowdown was observed in all divisions: household consumption (9.3 percent vs 10 percent in Q3); government expenditure (6.5 percent vs 11.8 percent); and gross fixed capital formation (12.7 percent vs 14.7 percent). Also, net external demand contributed negatively as imports jumped 28.1 percent on year (vs 22.1 percent in Q3) while exports rose by a softer 9.3 percent (vs 22.5 percent). On a quarterly basis, the economy grew 0.9 percent, slowing sharply from an upwardly revised 1.9 percent growth in Q4.
2022-06-23
Argentina GDP Growth Slows More Than Expected in Q4
Argentina’s GDP expanded 8.6 percent year-on-year in the fourth quarter of 2021, easing from an 11.9 percent advance in the previous period and below market expectations of 8.7 percent. Household consumption (11.4 percent vs 12.1 percent in Q3), government expenditure (10.7 percent vs 11.3 percent) and gross fixed capital formation (13 percent vs 21 percent) all slowed down. Meanwhile, net external demand contributed positively to growth, as exports jumped 23 percent (vs 18.9 percent in Q3) while imports rose at a softer 20.5 percent (vs 26.5 percent). On a quarterly basis, the economy grew 1.5 percent, slowing from a downwardly revised 4 percent increase in Q3. Considering full 2021, Argentina's economy expanded 10.3 percent.
2022-03-23
Argentina GDP Grows More Than Expected in Q2
Argentina’s GDP expanded 17.9 percent year-on-year in the second quarter of 2021, following an upwardly revised 2.9 percent advance in the previous period and above market expectations of a 17.3 percent rise. Gross fixed capital formation expanded at a much faster rate (76.6 percent vs 38.7 percent in Q1) and both private consumption (21.9 percent vs -1.7 percent) and government spending (8.2 percent vs -0.1 percent) rebounded. Regarding net trade, exports rose 6.3 percent (vs -1.7 percent in Q1) while imports went up 17.9 percent (vs 2.9 percent in Q1). On a quarterly basis, Argentina’s GDP contracted 1.4 percent, following a 2.8 percent rise in the previous period.
2021-09-21