Argentina’s economic activity fell 2.1% year-on-year in February 2026, marking the lowest since September 2024 and reversing a 1.9% expansion seen in January. Seven of the sectors tracked by the economic activity index declined, with manufacturing leading the drop at 8.7%, followed by wholesale, retail trade, and repairs at 7.0%. In contrast, fishing surged 14.8% and mining and quarrying rose 9.9%. On a seasonally adjusted basis, activity contracted 2.6% month-on-month. source: Instituto Nacional de Estadística y Censos (INDEC)

Monthly GDP YoY in Argentina decreased to -2.10 percent in February from 1.90 percent in January of 2026. Monthly GDP YoY in Argentina averaged 2.22 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Monthly GDP YoY in Argentina decreased to -2.10 percent in February from 1.90 percent in January of 2026. Monthly GDP YoY 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. In the long-term, the Argentina Monthly Economic Activity Estimator is projected to trend around 2.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-26 07:15 PM
Economic Activity YoY
Jan 1.9% 3.5% 1.6% 2.3%
2026-04-22 07:00 PM
Economic Activity YoY
Feb -2.1% 1.9% 0.4% 0.6%
2026-05-21 07:00 PM
Economic Activity YoY
Mar -2.1% 5.8%


Related Last Previous Unit Reference
Full Year GDP Growth 4.40 -1.70 percent Dec 2025
GDP 633.27 646.08 USD Billion Dec 2024
GDP Growth Rate YoY 2.10 3.30 percent Dec 2025
GDP Constant Prices 733789.00 737796.00 ARS Million Dec 2025
GDP from Agriculture 38843.00 35805.00 ARS Million Dec 2025
GDP from Construction 19018.00 20258.00 ARS Million Dec 2025
GDP from Manufacturing 112761.00 113883.00 ARS Million Dec 2025
GDP from Mining 30755.00 30885.00 ARS Million Dec 2025
GDP from Public Administration 349000.00 35037.00 ARS Million Dec 2025
GDP from Services 91872.00 92456.00 ARS Million Dec 2025
GDP from Transport 55633.00 55622.00 ARS Million Dec 2025
GDP from Utilities 12674.00 13163.00 ARS Million Dec 2025
GDP Growth Rate 0.60 0.30 percent Dec 2025
GDP per Capita 12667.03 12933.25 USD Dec 2024
GDP per Capita PPP 26547.05 27104.98 USD Dec 2024
Gross Fixed Capital Formation 138106.00 150487.00 ARS Million Dec 2025
Economic Activity YoY -2.10 1.70 percent Feb 2026


Argentina Monthly Economic Activity Estimator
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
-2.10 1.70 30.00 -24.40 2005 - 2026 percent Monthly
2014=100, NSA

News Stream
Argentina Economic Activity Contracts in February
Argentina’s economic activity fell 2.1% year-on-year in February 2026, marking the lowest since September 2024 and reversing a 1.9% expansion seen in January. Seven of the sectors tracked by the economic activity index declined, with manufacturing leading the drop at 8.7%, followed by wholesale, retail trade, and repairs at 7.0%. In contrast, fishing surged 14.8% and mining and quarrying rose 9.9%. On a seasonally adjusted basis, activity contracted 2.6% month-on-month.
2026-04-22
Argentina Monthly Economic Activity Expands in January
Argentina's economic activity rose 1.9% year-over-year in January 2026, with seasonally adjusted output up 0.4% from December. Ten of the sectors tracked posted annual gains. Fishing led at 50.8%, followed by agriculture, livestock, hunting, and forestry at 25.1% , which was also the largest positive contributor to annual growth. Mining and quarrying added 9.6%, with agriculture and mining combined contributing 1.7 percentage points to the annual expansion. Conversely, five sectors contracted year-over-year. Wholesale, retail trade, and repairs fell 3.2%, while electricity, gas, and water declined 3.0%. Manufacturing dropped 2.6% and public administration fell 1.6%, with these four sectors combined subtracting 0.9 percentage points from annual growth.
2026-03-26
Argentina Economic Activity Returns to Expansion
Argentina’s economic activity increased 3.5% year-on-year in December 2025, up from a 0.1% decline in November and marking a return to expansion. Growth was primarily driven by a significant strengthening in agriculture (32.2% vs 11.5%) alongside accelerated gains in mining (9.1% vs 7.3%) and utilities (10.7% vs 1.8%). Financial intermediation (14.1% vs 13.8%), real estate and business services (1.6% vs 0.5%), and transport and communications (1.8% vs 1.9%) also remained positive contributors. Furthermore, the construction (0.3% vs -2.5%) and education (0.3% vs 0.5%) sectors added to the expansion. Conversely, the recovery was limited by continued contractions in manufacturing (-3.9% vs -8.0%), trade (-1.3% vs -6.0%), and the public sector (-1.1% vs -1.1%), albeit at a softer rate. Additionally, hotels and restaurants moved into negative territory (-1.5% vs 0.8%). On a monthly, seasonally-adjusted basis, activity rose (1.8%), while the trend-cycle increased (0.3%).
2026-02-24