Argentina GDP Grows Less Than Expected in Q1

Argentina’s economy grew by 3.3% year-on-year in the September quarter of 2025, falling short of expectations of 3.5% and slowing from an upwardly revised 6.4% increase in the previous quarter. The slowdown was driven by renewed weakness across several key sectors, with manufacturing production contracting (-2.4% vs. 6.9% in Q2) and wholesale and retail trade slowing markedly (0.6% vs. 10.3%). Growth in agriculture also cooled significantly (0.8% vs. 4.8%) as the post drought rebound faded, while utilities remained in contraction (-0.8% vs. -1.1%). By contrast, some areas showed resilience, with transportation and communications accelerating slightly (1.8% vs. 1.4%) and financial intermediation posting strong gains (28.4% vs. 26.7%). On a quarterly basis, Argentina’s GDP rose 0.3%, reversing a 0.1% contraction in the previous period.

Argentina’s economy grew by 6.3% year-on-year in the June quarter of 2025, falling short of expectations of a 6.5% expansion and accelerating from a 5.8% increase in the previous quarter. This marks the fastest rate of expansion since Q2 2022, driven by accelerated expansion in the agriculture sector (4.8% vs. 3.7% in Q1) as the effects of a historic drought that severely impacted grain production began to subside. Manufacturing production (6.9% vs. 0.7%), wholesale and retail trade (10.3% vs. 2.5%), transportation and communications (1.4% vs. 2%), and financial intermediation (26.7% vs. 8.4%) also posted gains. However, declines were recorded in utilities (-1.1% vs. -1%). On a quarterly basis, Argentina's GDP fell by 0.1%, following a 1.1% expansion in the previous period.

Argentina’s economy grew by 5.8% year-on-year in the March quarter of 2025, below the 6.1% analysts had expected and extending the recovery that began with a 2.6% expansion in Q4 2024 after six straight quarters of contraction. The rebound was led by agriculture (3.7% vs. 1.6% in Q4 2024) as the effects of last year’s historic drought eased, alongside robust gains in construction (6.1% vs. -12.4%), manufacturing (5.1% vs. 0.7%), wholesale and retail trade (7.3% vs. 2.5%), transportation (2.6% vs. 2.0%) and financial intermediation (27.2% vs. 8.4%). On a quarter-on-quarter basis, GDP rose 0.8%, following a 2.0% gain in Q4.