The economy of Argentina contracted 4.2 percent year-on-year in the second quarter of 2018, matching expectations and compared to an upwardly revised 3.9 percent expansion in the first quarter. It was the sharpest decline since the third quarter of 2014. Output contracted mostly in: agriculture (-31.6% vs 1.4% in Q1) after one of the worst droughts in years affected production of soy and corn; fishing (-13.7% vs 13.2%); manufacturing (-1.8% vs 3.7%); wholesale and retail trade (-1.6% vs 6.0%) and transport and communications (-3.8% vs 1.0%). In contrast, financial activity accelerated (8.7% vs 5.8%). On the expenditure side, private consumption slowed (0.3% vs 4.3%) while government spending (-2.1% vs -1.2%) and fixed investment (-7.5% vs 6.4%) declined. Also, exports fell 7.5 percent (vs 6.4% in Q1) while imports rose 2.7 percent (15.6% in Q1). On a quarterly basis, GDP shrank 4.0 percent after a downwardly revised 0.7 percent expansion in the first quarter. 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 -3.90 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 -1.80 in 12 months time. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

Argentina GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-20 07:30 PM GDP Growth Rate YoY 4.2% 2.9% 4.3% 4.3%
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 -4.2% -4.2% -4.5%
2019-03-21 07:00 PM GDP Growth Rate YoY -3.90%
2019-06-19 07:00 PM GDP Growth Rate YoY -1.30%


Argentina GDP Last Previous Highest Lowest Unit
GDP Growth Rate -4.00 0.70 5.00 -5.70 percent [+]
GDP Annual Growth Rate -4.20 3.90 16.20 -16.30 percent [+]
GDP 637.59 554.90 637.59 16.60 USD Billion [+]
GDP Constant Prices 752791.00 710170.00 791236.00 460369.00 ARS Million [+]
Gross Fixed Capital Formation 152509.00 151316.00 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 72515.85 37177.40 110971.40 27522.75 ARS Million [+]
GDP From Construction 22625.17 23588.77 23914.29 14555.30 ARS Million [+]
GDP From Manufacturing 122173.79 113894.82 138227.84 86448.02 ARS Million [+]
GDP From Mining 21492.29 21095.14 26258.14 20573.98 ARS Million [+]
GDP From Public Administration 32911.98 33196.43 33569.37 21071.47 ARS Million [+]
GDP From Services 94549.65 93684.11 102946.34 58565.32 ARS Million [+]
GDP From Transport 59099.23 58217.92 61431.98 28143.41 ARS Million [+]
GDP From Utilities 12688.83 12867.95 12884.00 8556.64 ARS Million [+]


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. 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-4.20 3.90 16.20 -16.30 1994 - 2018 percent Quarterly




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Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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