The Gross Domestic Product (GDP) in Argentina contracted 5.80 percent in the first quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Argentina averaged 2.31 percent from 1994 until 2019, 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 -2.40 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 -1.70 in 12 months time. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.