Argentina GDP Annual Growth Rate

The GDP of Argentina contracted 3.5 percent year-on-year in Q3, matching expectations and compared to a downwardly revised 4.0 percent fall in Q2. The decline was mainly explained by: manufacturing (-6.6 percent vs -1.7 percent in Q2), retail (-8.9 percent vs -1.3 percent), and the agricultural sector (-5.2 percent vs -31.3 percent). On the expenditure side, private consumption contracted 4.5 percent (vs +0.6 percent in Q2) and government spending shrank 5.0 percent after declining 2.6 percent. Also, gross fixed capital plunged 11.2 percent (vs +2.9 percent). Exports fell 5.9 percent (vs -8.5 percent in Q2) and imports tumbled 10.2 percent (vs 3.1 percent). On a quarterly basis, GDP shrank 0.7 percent after an upwardly revised 4.1 percent dip in Q2 to fall into recession. GDP Annual Growth Rate in Argentina averaged 2.54 percent from 1994 until 2018, 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.

GDP Annual Growth Rate in Argentina is expected to be -1.60 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 -1.20 in 12 months time. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-03-21	07:00 PM	GDP Growth Rate YoY	3.9%	3.8%	3.6%	4.1%
2018-06-19	07:00 PM	GDP Growth Rate YoY	3.6%	3.9%	3.5%	3.4%
2018-09-19	08:00 PM	GDP Growth Rate YoY	-4.2%	3.9%	-4.2%	-5.3%
2018-12-18	07:00 PM	GDP Growth Rate YoY	-3.5%	-4.0%	-3.5%	-4.5%
2019-03-21	07:00 PM	GDP Growth Rate YoY		-3.5%		-2.7%
2019-06-19	07:00 PM	GDP Growth Rate YoY				-1.6%
2019-09-19	08:00 PM	GDP Growth Rate YoY				-1.7%

Argentina GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-0.70	-4.10	5.00	-5.70	percent	[+]
GDP Annual Growth Rate	-3.50	-4.00	16.20	-16.30	percent	[+]
GDP	637.59	554.90	637.59	16.60	USD Billion	[+]
GDP Constant Prices	695664.00	754524.00	791236.00	460369.00	ARS Million	[+]
Gross Fixed Capital Formation	138728.00	152171.00	164572.00	71794.00	ARS Million	[+]
GDP per capita	10398.09	10206.25	10780.02	5290.77	USD	[+]
GDP per capita PPP	18933.91	18584.58	19629.35	10815.72	USD	[+]
GDP From Agriculture	31154.29	72886.29	110971.40	27522.75	ARS Million	[+]
GDP From Construction	22914.16	22577.42	23914.29	14555.30	ARS Million	[+]
GDP From Manufacturing	117564.72	122276.47	138227.84	86448.02	ARS Million	[+]
GDP From Mining	21367.71	21529.45	26258.14	20573.98	ARS Million	[+]
GDP From Public Administration	32929.89	32927.03	33569.37	21071.47	ARS Million	[+]
GDP From Services	87629.89	94894.47	102946.34	58565.32	ARS Million	[+]
GDP From Transport	57101.01	59167.61	61431.98	28143.41	ARS Million	[+]
GDP From Utilities	12773.51	12730.54	12884.00	8556.64	ARS Million	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-3.50	-4.00	16.20	-16.30	1994 - 2018	percent	Quarterly

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Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.40	Dec/18	6.5	15.4 : 3.8	%
Indonesia	5.18	Dec/18	5.17	7.16 : 1.56	%
South Korea	3.10	Dec/18	2	20.8 : -7.3	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Saudi Arabia	2.50	Sep/18	1.61	24.2 : -20.7	%
Spain	2.40	Dec/18	2.4	5.6 : -4.3	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Canada	2.10	Sep/18	1.9	9.3 : -4.1	%
Netherlands	2.00	Dec/18	2.4	6.1 : -4.6	%
Singapore	1.90	Dec/18	2.4	19 : -8.8	%
Mexico	1.80	Dec/18	2.5	9 : -9.1	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
United Kingdom	1.30	Dec/18	1.6	9.7 : -6.1	%
Euro Area	1.20	Dec/18	1.6	5 : -5.5	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
France	0.90	Dec/18	1.3	12.6 : -3.8	%
Germany	0.60	Dec/18	1.1	7.2 : -6.8	%
Italy	0.10	Dec/18	0.6	10.3 : -7.2	%
Japan	0.00	Dec/18	0.1	9.4 : -8.8	%
Argentina	-3.50	Sep/18	-4	16.2 : -16.3	%