Argentina’s economic activity fell 1.7% year-on-year in August 2026, following a 1.4% decline in July and missing forecasts for a 0.3% increase. Ten of the 15 sectors surveyed contracted, with fishing posting the steepest decline, at 15.7%. Manufacturing fell 3.2%, while wholesale and retail trade and repairs declined 3.5%. Financial intermediation dropped 3.8%, transport and communications fell 2.9%, and taxes declined 4.2%. In contrast, five sectors recorded annual growth, led by mining and quarrying, which rose 11.1%, followed by electricity, gas and water, up 4.3%, and hotels and restaurants, which increased 3.1%. On a monthly basis, the EMAE rose 0.1% in seasonally adjusted terms, following a 2.9% decline in July. source: Instituto Nacional de Estadística y Censos (INDEC)

Monthly GDP YoY in Argentina decreased to -1.70 percent in August from -1.40 percent in July of 2026. Monthly GDP YoY in Argentina averaged 2.21 percent from 2005 until 2026, reaching an all time high of 30.00 percent in April of 2021 and a record low of -24.40 percent in April of 2020. This page includes a chart with historical data for Argentina Economic Activity Index. Argentina Monthly Economic Activity Estimator YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Monthly GDP YoY in Argentina decreased to -1.70 percent in August from -1.40 percent in July of 2026. Monthly GDP YoY in Argentina is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Monthly Economic Activity Estimator YoY is projected to trend around 2.10 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-24 07:00 PM
Economic Activity YoY
Jul -1.4% 3.1% 1.8% 3.5%
2026-10-21 07:00 PM
Economic Activity YoY
Aug -1.7% -1.4% 0.3% -0.9%
2026-11-24 07:00 PM
Economic Activity YoY
Sep -1.7% -0.8%


Related Last Previous Unit Reference
Full Year GDP Growth 4.40 -1.70 percent Dec 2025
GDP 683.10 638.37 USD Billion Dec 2025
GDP Growth Rate YoY 2.00 2.30 percent Jun 2026
GDP Constant Prices 792800.34 726163.28 ARS Million Jun 2026
GDP from Agriculture 97139.89 49146.00 ARS Million Jun 2026
GDP from Construction 18998.08 20193.74 ARS Million Jun 2026
GDP from Manufacturing 106823.39 99446.79 ARS Million Jun 2026
GDP from Mining 34220.00 31866.26 ARS Million Jun 2026
GDP from Public Administration 34280.68 34580.87 ARS Million Jun 2026
GDP from Services 95230.33 90261.71 ARS Million Jun 2026
GDP from Transport 57999.42 55278.58 ARS Million Jun 2026
GDP from Utilities 13356.11 13467.74 ARS Million Jun 2026
GDP Growth Rate -0.60 0.70 percent Jun 2026
GDP per Capita 13287.12 12774.35 USD Dec 2025
GDP per Capita PPP 27846.60 26771.97 USD Dec 2025
Gross Fixed Capital Formation 130870.00 124666.00 ARS Million Jun 2026
Economic Activity YoY -1.70 -1.40 percent Aug 2026


Argentina Monthly Economic Activity Estimator YoY
In Argentina, the Monthly Economic Activity Estimator (EMAE) is a provisional indicator of the evolution of the GDP. Its calculation is structured in the aggregation of the added value at basic prices of each one of the economic activities plus the net taxes of subsidies to the products, using the weights of the national accounts.
Actual Previous Highest Lowest Dates Unit Frequency
-1.70 -1.40 30.00 -24.40 2005 - 2026 percent Monthly
2014=100, NSA

News Stream
Argentina’s EMAE Contracts for Second Straight Month
Argentina’s economic activity fell 1.7% year-on-year in August 2026, following a 1.4% decline in July and missing forecasts for a 0.3% increase. Ten of the 15 sectors surveyed contracted, with fishing posting the steepest decline, at 15.7%. Manufacturing fell 3.2%, while wholesale and retail trade and repairs declined 3.5%. Financial intermediation dropped 3.8%, transport and communications fell 2.9%, and taxes declined 4.2%. In contrast, five sectors recorded annual growth, led by mining and quarrying, which rose 11.1%, followed by electricity, gas and water, up 4.3%, and hotels and restaurants, which increased 3.1%. On a monthly basis, the EMAE rose 0.1% in seasonally adjusted terms, following a 2.9% decline in July.
2026-10-21
Argentina Economic Activity Falls in July
Argentina’s economic activity fell 1.4% year-over-year in July 2026, following an upwardly revised 3.1% increase in June and marking the first annual contraction since February. The decline was led by wholesale and retail trade and repairs, which fell 5.1%, while manufacturing dropped 4.6%, together subtracting 1.3 percentage points from overall activity. Construction declined 3.3%, while administration and defense and transport and communications both fell 1.5%. In contrast, seven of the 15 sectors surveyed recorded growth, led by fishing, which surged 424.5%, followed by mining and quarrying at 8.4%. Hotels and restaurants rose 2.5%, electricity, gas and water increased 1.9%, while agriculture, livestock, hunting and forestry gained 0.7%. On a monthly basis, the EMAE dropped 2.9% in seasonally adjusted terms, although the trend-cycle component increased 0.2%.
2026-09-24
Argentina Economic Activity Growth Accelerates in June
Argentina’s economic activity rose 2.7% year-over-year in June 2026, following an upwardly revised 0.4% increase in May. Twelve of the 15 sectors surveyed recorded annual growth, led by fishing (247.6%) and mining and quarrying (15.6%). Agriculture, livestock, hunting and forestry also increased 4.6%. In contrast, administration and defense and compulsory social security plans declined 1.5%, while utilities fell 0.4% and education decreased 0.1%. On a monthly basis, the Monthly Economic Activity Estimate rose 0.8%.
2026-08-20