The economy of Argentina shrank 10.2% year-on-year in the third quarter of 2020, following a downwardly revised 19% decline in the previous period and matching market expectations. The slower contraction rate follows the sharpest decline on record, as the economy began to recover from the coronavirus pandemic. Output shrank at a slower pace in manufacturing (-5.3% vs -20.8% in Q2); wholesale & retail trade (-2.1% vs -16.9%); construction (-27.0% vs -52.1%); transportation & communication (-21.7% vs -22.5%), real estate (-5.8% vs -14.3%, public administration (-9.7% vs -12.8%), mining (-12.8% vs -18.3%), and agriculture (-2.5% vs -10.7%). On the expenditure side, private consumption plunged 14.7 percent, gross fixed investment slumped 10.3%, and public spending decreased 6.5 percent. On a quarterly basis, GDP rebounded a sharp 12.8% following a 16.2 percent drop. source: Instituto Nacional de Estadística y Censos (INDEC)

GDP Annual Growth Rate in Argentina averaged 1.83 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 -19.10 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 February of 2021.

GDP Annual Growth Rate in Argentina is expected to be 2.60 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 5.50 in 12 months time. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 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
-10.20 -19.10 16.20 -19.10 1994 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
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 -19.1% -5.2% -19.6% -19%
2020-12-16 07:00 PM Q3 -10.2% -19.0% -10.7% -10.2%
2021-03-23 07:00 PM Q4 -10.2% -7%
2021-06-23 07:00 PM Q1
2021-09-21 07:00 PM Q2
2021-12-17 07:00 PM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Argentina GDP Shrinks 10.2% YoY in Q3
The economy of Argentina shrank 10.2% year-on-year in the third quarter of 2020, following a downwardly revised 19% decline in the previous period and matching market expectations. The slower contraction rate follows the sharpest decline on record, as the economy began to recover from the coronavirus pandemic. Output shrank at a slower pace in manufacturing (-5.3% vs -20.8% in Q2); wholesale & retail trade (-2.1% vs -16.9%); construction (-27.0% vs -52.1%); transportation & communication (-21.7% vs -22.5%), real estate (-5.8% vs -14.3%, public administration (-9.7% vs -12.8%), mining (-12.8% vs -18.3%), and agriculture (-2.5% vs -10.7%). On the expenditure side, private consumption plunged 14.7 percent, gross fixed investment slumped 10.3%, and public spending decreased 6.5 percent. On a quarterly basis, GDP rebounded a sharp 12.8% following a 16.2 percent drop.
2020-12-16
Argentina Economy Shrinks the Most on Record in Q2
The economy of Argentina shrank 19.1% year-on-year in the second quarter of 2020, following a downwardly revised 5.2% decline in the previous period and compared with market expectations of a 19.6% drop. It was the sharpest contraction on record, as the coronavirus pandemic hit the economy. Output shrank further in manufacturing (-20.8% vs -6.3% in Q1); wholesale & retail trade (-16.9% vs -5.9%); construction (-52.1% vs -19.8%); transportation & communication (-22.5% vs -5.2%), and real estate (-14.3% vs -1.9% and agriculture (-10.7% vs -5.2%). Also, output contracted in public administration (-12.8% vs 0.3%) and mining (-18.3% vs 0.3%). On the expenditure side, private consumption plunged 22.3 percent; and gross fixed investment slumped 38.4%, and public spending decreased 10.1 percent. On a quarterly basis, the GDP tumbled a record 16.2%, after contracting a downwardly revised 4.2% in the prior period.
2020-09-22
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 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.