The economy of Argentina shrank 5.4 percent year-on-year in the first quarter of 2020, after declining 1.1 percent in the previous period. It was the sharpest contraction in a year, amid the coronavirus pandemic. Output shrank further in manufacturing (-6.5% vs -1.9% in Q4 2019); wholesale & retail trade (-6.5% vs -2.8%); construction (-20.8% vs -4.9%) and fishing (-30.4% vs -19.5%). Additionally, output contracted in transportation & communication (-5.4% vs 0.1%); real estate (-2% vs 0.7%) and agriculture (-6.2% vs 1.2%). On the expenditure side, private consumption fell 6.6 percent, faster than a 2.1 percent drop in Q4 2019; and gross fixed investment slumped 18.3 percent, after declining 8.5 percent. Meantime, public spending decreased 0.7 percent, less than a 1.6 percent fall. Exports plunged 18.3 percent (vs -8.5% in Q4) and imports dropped 16 percent (vs -19% in Q4). On a quarterly basis, the GDP shrank 4.8%, following a downwardly revised 0.9% contraction in the prior period.

GDP Annual Growth Rate in Argentina averaged 2.15 percent from 1994 until 2020, reaching an all time high of 16.20 percent in the second quarter of 2010 and a record low of -16.30 percent in the first quarter of 2002. 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 August of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)

GDP Annual Growth Rate in Argentina is expected to be -8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Argentina to stand at -1.50 in 12 months time. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 3.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Argentina GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-5.40 -1.10 16.20 -16.30 1994 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-09-19 07:00 PM Q2 0.6% -5.8% -5.7% -3%
2019-12-17 07:00 PM Q3 -1.7% 0% -2.4%
2020-03-25 07:00 PM Q4 -1.1% -1.8% -2.1%
2020-06-23 07:00 PM Q1 -5.4% -1.1% -5.4% -5.4%
2020-09-22 07:00 PM Q2 -5.4% -14%
2020-12-18 07:00 PM Q3 -8%
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News Stream
Argentina Economy Shrinks the Most in a Year
The economy of Argentina shrank 5.4 percent year-on-year in the first quarter of 2020, after declining 1.1 percent in the previous period. It was the sharpest contraction in a year, amid the coronavirus pandemic. Output shrank further in manufacturing (-6.5% vs -1.9% in Q4 2019); wholesale & retail trade (-6.5% vs -2.8%); construction (-20.8% vs -4.9%) and fishing (-30.4% vs -19.5%). Additionally, output contracted in transportation & communication (-5.4% vs 0.1%); real estate (-2% vs 0.7%) and agriculture (-6.2% vs 1.2%). On the expenditure side, private consumption fell 6.6 percent, faster than a 2.1 percent drop in Q4 2019; and gross fixed investment slumped 18.3 percent, after declining 8.5 percent. Meantime, public spending decreased 0.7 percent, less than a 1.6 percent fall. Exports plunged 18.3 percent (vs -8.5% in Q4) and imports dropped 16 percent (vs -19% in Q4). On a quarterly basis, the GDP shrank 4.8%, following a downwardly revised 0.9% contraction in the prior period.
2020-06-23
Argentina Economy Shrinks 1.1% YoY in Q4
The economy of Argentina contracted 1.1 percent year-on-year in the fourth quarter of 2019, after declining 1.8 percent in the previous period. Output shrank further in construction (-8.3 percent vs -2.6 percent in Q3); and fishing (-19.5 percent vs -16.9 percent). Additionally, agricultural output growth slowed (1.1 percent vs 13.9 percent). Meantime, financial services (-8.6 percent vs -14.3 percent), and commercial (-2.6 percent vs -5.7 percent) shrank less. Also, output rebounded in manufacturing (2.1 percent vs -4.8 percent) and utilities (3.5 percent vs -2.4 percent). On a quarterly basis, the GDP contracted 1 percent, following a 1 percent expansion in the prior period.
2020-03-25
Argentina Economy Shrinks 1.7% YoY, Grows 0.9% QoQ
The economy of Argentina shrank 1.7 percent year-on-year in the third quarter of 2019, after stalling in the previous period. Output contracted further in financial intermediation (-14.2 percent vs -13.5 percent in Q2); fishing (-17.1 percent vs -3.3 percent) and other social & personal services (-2.4 percent vs -1.4 percent). Additionally, growth slowed in transport & communication (0.2 percent vs 1.1 percent); agriculture (12.2 percent vs 42.1 percent) and domestic services (4.9 percent vs 5.5 percent). Meanwhile, output shrank less in trade (-5.5 percent vs -9.6 percent); manufacturing (-4.7 percent vs -7.3 percent); construction (-4.8 percent vs -5 percent); and utilities (-2.4 percent vs -6.7 percent). Also, growth accelerated in social services & health (0.4 percent vs 0.1 percent); public administration services (0.5 percent vs 0.3 percent); education (0.9 percent vs 0.6 percent) and mining (3 percent vs 1.2 percent). On a quarterly basis, the GDP expanded 0.9 percent.
2019-12-17
Argentina Economy Returns to Growth in Q2
The economy of Argentina expanded 0.6 percent year-on-year in the second quarter of 2019, following a 5.8 contraction in the previous period. It was the first annual growth rate since Q1 2018, driven by agriculture, livestock & forestry (46% vs 8.2% in Q1); mining & quarrying (1.1% vs -0.9%); and transport & communications (0.9% vs -4.4%). Also, output shrank less in manufacturing (-6.7% vs -10.9%); construction (-5.6% vs -6.2%); wholesale & retail trade (-9.3% vs -12.7%); hotels & restaurants (-2.1% vs -2.8%); public administration & defense (-0.1% vs -0.6%); and other services (-1.7% vs -2.1%). On a quarterly basis, the GDP contracted 0.3 percent, after stalling in Q1. The modest economic growth comes ahead presidential elections in October 27th, after a defeat for President Macri in the primary vote, which led to a further rise in inflation and a sharp decline in the currency.
2019-09-19

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.