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Argentina GDP Expands Less Than Expected in Q4
Argentina’s economy grew by 2.1% year-on-year in the December quarter of 2025, falling short of expectations for a 2.2% expansion and slowing from a 3.3% increase in the previous quarter. The slowdown was driven by renewed weakness across several key sectors with manufacturing production still in contraction (-2.2% vs. -2.4% in Q3) and wholesale and retail trade shrinking markedly (-5.0% vs. 0.6%). In contrast some areas still drove expansion with growth in agriculture surging significantly (16.1% vs. 0.8%) as the post drought rebound intensified while utilities remained in contraction (-0.7% vs. -0.8%). Transportation and communications also accelerated slightly (2.2% vs. 1.8%) and financial intermediation posted strong gains (17.2% vs. 28.4%). On a quarterly basis Argentina’s GDP rose 0.6% continuing a 0.3% increase in the previous period.
Published on 2026-03-20

Argentina GDP Growth Misses Expectations in Q3
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.
Published on 2025-12-16

Argentina GDP Growth Misses Expectations in Q2
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.
Published on 2025-09-17

Argentina GDP Grows Less Than Expected in Q1
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.
Published on 2025-06-23

Argentina's Economy Rebounds with 2% Growth in Q4
Argentina’s economy grew by 2% year-on-year in the December quarter of 2024, surpassing expectations of a 1.7% expansion and recovering from a 2.1% contraction in the previous quarter. This growth marks an end to six consecutive quarters of economic decline, driven by a rebound in the agriculture sector (1.6% vs. -2% in Q3) as the effects of a historic drought that severely impacted grain production began to subside. Manufacturing production (0.7% vs. -6.2% in Q3), wholesale and retail trade (2.5% vs. -5.8%), transportation (2% vs. -0.3%), and financial intermediation (8.4% vs. -2%) also posted gains. However, declines were recorded in construction (-12.4% vs. -15.2%) and utilities (-1% vs. +0.6%). On a quarterly basis, Argentina's GDP grew by 1.1%, following a 3.9% expansion in the previous period.
Published on 2025-03-19

Argentina GDP Shrinks for Sixth Straight Quarter
Argentina’s economy contracted by 2.1% year-on-year in the third quarter of 2024, worsening from a 1.7% decline in the previous quarter but outperforming expectations of a 2.6% drop. This marked the sixth consecutive quarter of contraction, driven by a sharp slowdown in the agriculture sector (13.2% vs 80.2% in Q2) as the rebound effects from a historic drought that had severely impacted grain production began to fade. Conversely, declines in manufacturing production (-5.9% vs -17.4% in Q2), construction (-14.9% vs -22.2%), wholesale, retail trade and repairs (-6.1% vs -15.7%), and financial intermediation (-1.8% vs -9.8%) eased. On a quarterly basis, Argentina's GDP rebounded by 3.9%, following a 1.7% decline in the previous period.
Published on 2024-12-16

Argentina GDP Contracts for the 5th Consecutive Quarter
Argentina’s economy shrank by 1.7% year-on-year in the first quarter of 2024, improving from a 5.1% decline in the previous quarter, but below expectations of a 1.4% decline. This marked the fifth consecutive quarter of contraction, driven by sharp declines in manufacturing production (-17.4% vs -13.7% in Q1), construction (-22.2% vs -19.7%), wholesale, retail trade and repairs (-15.7% vs -8.7%), while financial intermediation (-9.8% vs -13%) fell at a slower rate. Conversely, the agriculture sector surged (80.2% vs 10.2%), rebounding further from a historic drought that had previously impacted grain production. On a quarterly basis, Argentina's GDP fell by 1.7%, following a 2.6% decline in the previous period.
Published on 2024-09-18

Argentina GDP Shrinks the Most Since Q2 2023
Argentina’s economy shrank by 5.1% year-on-year in the first quarter of 2024, marking the sharpest contraction since the second quarter of 2023 and slumping further from a 1.2% decline in the previous quarter. This marked the fourth consecutive quarter of contraction, driven by sharp declines in manufacturing production (-13.7% vs -6% in Q4), construction (-19.7% vs -0.8%), wholesale, retail trade and repairs (-8.7% vs -3.9%), and financial intermediation (-13% vs -4.4%). Conversely, the agriculture sector grew (+10.2% vs +6%), rebounding from a historic drought that had previously impacted grain production. On a quarterly basis, Argentina's GDP fell by 2.6%, following a 2.5% decline in the previous period.
Published on 2024-06-24

Argentina GDP Contracts Further
Argentina’s economy shrank by 1.4 percent year-on-year in the three months to December of 2023, compared to market expectations of 1.5 percent contraction and accelerating from a 0.8 percent decline in the September quarter. It was the third straight quarter of contraction led by a sharp fall in manufacturing production (-6% vs -3.6% in Q3); wholesale, retail and trade repairs (-3.9% vs 0.9%) and electricity, water and gas (-5.1% vs 2.5%). On the other hand, the agriculture sector advanced (+6% vs -7.6%) following a historic drought which impacted grain production. On a quarterly basis, Argentina GDP dropped by 1.9% in the fourth quarter after advancing by 2.2% in the previous period.
Published on 2024-03-20

Argentina GDP Contracts for 2nd Quarter
Argentina’s GDP contracted by 0.8 percent year-on-year in the third quarter of 2023, more than market forecasts of 0.7 percent and slowing from a 4.9 percent decline in the previous quarter. It marked the second consecutive contraction as a historic drought continued to impact grain production. The agriculture sector led with a sharp contraction (-7.6% vs -40.2% in Q2), followed by construction (-0.1% vs 1.8%), manufacturing (-3.7% vs -1%), transport and communications (-0.2% vs -3.7%), and financial services (-1% vs -3%). While expansions eased for mining (5.9% vs 6.3%).
Published on 2023-12-15

Argentina GDP Growth Shrinks for the 1st Time Since 2020
Argentina’s GDP contracted by 4.9 percent year-on-year in the second quarter of 2023, more than market forecasts of 4.8 percent and easing from a 1.3 percent growth in the previous quarter. It marked the first contraction since Q4 2020 as a historic drought has hammered grain production. The agriculture sector led with a sharp contraction (-40.2% vs -11.9% in Q1), followed by transport and communications (-3.7% vs 6.5%), and electricity, gas and water (-6.3% to 0.08% . While expansions eased for construction (1.8% vs 3.2%); hotels and restaurants (6.4% vs 8.5%); and mining (6.3% vs 11.9%).
Published on 2023-09-19

Argentina GDP Growth Eases the Most since 2020
Argentina’s GDP expanded by 1.3 percent year-on-year in the first quarter of 2023, below market forecasts of 1.5 percent and easing from a downwardly revised 1.5 percent growth in the previous quarter. It marked the lowest growth since Q4 2020 as a historic drought that has hammered grains production. The agriculture sector (-11.9% vs -13%) contracted further. while expansions eased for construction (3.2% vs 2.6% in Q4); hotels and restaurants (8.5% vs 22.8%); and transport and communications (6.5% vs 4.8%). On the other hand, mining (11.9% vs 10.9%) and electricity, gas and water (up 0.08% to 4.8%) recorded sharper growths.
Published on 2023-06-22

Argentina GDP Growth Slows in Q4
Argentina’s GDP expanded by 1.9 percent year-on-year in the fourth quarter of 2022, above market forecasts of 1.7 percent but slowing from 5.9 percent growth in the previous quarter. Expansions were recorded for mining (up 0.36% to 11.1%); hotels and restaurants (up 0.26% to 20%); and electricity, gas and water (up 0.08% to 4.8%). On the other hand, contractions were seen for the agriculture sector (down 0.55% to 10.3%). On a quarter-on-quarter basis, the GDP shrank by 1.5 percent, after a downwardly revised 1.4 percent growth in the third quarter.
Published on 2023-03-22

Argentina GDP Expands More than Expected in Q3
Argentina’s GDP expanded by 5.9 percent year-on-year in the third quarter of 2022, slightly above market forecasts of 5.8 percent but sowing from the upwardly revised 7.1 percent advance in the previous quarter. Household consumption rose by 10.2 percent, easing from the 10.9 percent jump in the previous quarter and more than offsetting the 0.1 percent contraction in government expenditure, which swung from the 5 percent increase in the second quarter. Meantime, the expansion in gross fixed capital formation slowed to 14 percent from 19.1 percent. Also, net foreign demand contributed negatively to the GDP, as imports soared by 21 percent while exports shrank by 4.6 percent. On a quarter-on-quarter basis, the GDP grew by 1.7 percent, picking up from the downwardly revised 1 percent growth in the second quarter.
Published on 2022-12-15

Argentina GDP Grows More Than Expected in Q2
Argentinian GDP expanded by 6.9% in the second quarter of 2022, beating estimates of 6.5% and following a 6.0% gain in the previous quarter. The most significant increases in demand components occurred in the gross fixed capital formation (18.8 percent YoY) and in the activity sectors of hotels and restaurants (53.9%), fishing (24.1%), and mines and quarries (15.5%). Still, imports increased 23.1% YoY compared to a 9.3% gain in exports. On a quarterly basis, the economy grew 1.0%, easing slightly from the upwardly revised previous quarter’s 1.2% growth.
Published on 2022-09-20

Argentina GDP Growth Slows More Than Expected in Q1
Argentina’s GDP expanded 6 percent year-on-year in the first quarter of 2022, easing from an upwardly revised 8.9 percent growth in the previous period and missing market expectations of a 6.1 percent rise. Slowdown was observed in all divisions: household consumption (9.3 percent vs 10 percent in Q3); government expenditure (6.5 percent vs 11.8 percent); and gross fixed capital formation (12.7 percent vs 14.7 percent). Also, net external demand contributed negatively as imports jumped 28.1 percent on year (vs 22.1 percent in Q3) while exports rose by a softer 9.3 percent (vs 22.5 percent). On a quarterly basis, the economy grew 0.9 percent, slowing sharply from an upwardly revised 1.9 percent growth in Q4.
Published on 2022-06-23

Argentina GDP Growth Slows More Than Expected in Q4
Argentina’s GDP expanded 8.6 percent year-on-year in the fourth quarter of 2021, easing from an 11.9 percent advance in the previous period and below market expectations of 8.7 percent. Household consumption (11.4 percent vs 12.1 percent in Q3), government expenditure (10.7 percent vs 11.3 percent) and gross fixed capital formation (13 percent vs 21 percent) all slowed down. Meanwhile, net external demand contributed positively to growth, as exports jumped 23 percent (vs 18.9 percent in Q3) while imports rose at a softer 20.5 percent (vs 26.5 percent). On a quarterly basis, the economy grew 1.5 percent, slowing from a downwardly revised 4 percent increase in Q3. Considering full 2021, Argentina's economy expanded 10.3 percent.
Published on 2022-03-23

Argentina GDP Grows More Than Expected in Q2
Argentina’s GDP expanded 17.9 percent year-on-year in the second quarter of 2021, following an upwardly revised 2.9 percent advance in the previous period and above market expectations of a 17.3 percent rise. Gross fixed capital formation expanded at a much faster rate (76.6 percent vs 38.7 percent in Q1) and both private consumption (21.9 percent vs -1.7 percent) and government spending (8.2 percent vs -0.1 percent) rebounded. Regarding net trade, exports rose 6.3 percent (vs -1.7 percent in Q1) while imports went up 17.9 percent (vs 2.9 percent in Q1). On a quarterly basis, Argentina’s GDP contracted 1.4 percent, following a 2.8 percent rise in the previous period.
Published on 2021-09-21

Argentina GDP Rebounds More Than Expected
The economy of Argentina advanced 2.5 percent year-on-year in the first quarter of 2021, rebounding from a 4.3 percent contraction in the previous period and above market expectations of a 2.4 percent expansion. Gross fixed capital formation expanded at a much faster rate (38.4 percent vs 15.8 percent in Q4) while private consumption declined at a softer pace (-0.7 percent vs -8.6 percent). Meanwhile, government spending declined (-0.5 percent vs 0.8 percent). Regarding net trade, exports rose 1.2 percent (from -32.4 percent in Q4) while imports went up 18.8 percent (from -2.6 percent in Q4). On a quarterly basis, Argentina’s GDP expanded 2.6 percent, following a 4.4 percent rise in the previous period.
Published on 2021-06-23

Argentina GDP Shrinks Less than Expected
Argentina’s Gross Domestic Product (GDP) dropped 4.3 percent on an annual basis in the fourth quarter of 2020 after shrinking a revised 10.1 percent in the previous three months and compared to market expectations of a 10.7 percent contraction. The decline was mainly explained by an 8.1 percent contraction in private consumption, contrasting with a 2.6 percent drop in public spending. In contrast, gross fixed investment surged 15.9 percent after falling 9 percent in Q3. Meanwhile, exports sank 32.5 percent whereas imports declined 2.8 percent. On a quarterly basis, GDP expanded 4.5 percent following a 13.1 percent rebound in the third quarter. For the whole 2020, GDP fell 9.9 percent after a 2.1 percent decline in 2019.
Published on 2021-03-23