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. source: Instituto Nacional de Estadística y Censos (INDEC)

GDP Annual Growth Rate in Argentina averaged 1.94 percent from 1994 until 2021, reaching an all time high of 17.90 percent in the second quarter of 2021 and a record low of -19 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

GDP Annual Growth Rate in Argentina is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 3.50 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Argentina GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
17.90 2.90 17.90 -19.00 1994 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-16 07:00 PM Q3 -10.2% -19.0% -10.7% -10.2%
2021-03-23 07:00 PM Q4 -4.3% -10.1% -10.7% -4.5%
2021-06-23 07:00 PM Q1 2.5% -4.3% 2.4% 2.3%
2021-09-21 07:00 PM Q2 17.9% 2.9% 17.3% 21%
2021-12-17 07:00 PM Q3 17.9%
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News Stream
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.
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.
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.
2021-03-23
Argentina GDP Shrinks 10.2% YoY in Q3
The economy of Argentina shrank 10.2% year-on-year in the third quarter of 2020, following a downwardly revised 19% decline in the previous period and matching market expectations. The slower contraction rate follows the sharpest decline on record, as the economy began to recover from the coronavirus pandemic. Output shrank at a slower pace in manufacturing (-5.3% vs -20.8% in Q2); wholesale & retail trade (-2.1% vs -16.9%); construction (-27.0% vs -52.1%); transportation & communication (-21.7% vs -22.5%), real estate (-5.8% vs -14.3%, public administration (-9.7% vs -12.8%), mining (-12.8% vs -18.3%), and agriculture (-2.5% vs -10.7%). On the expenditure side, private consumption plunged 14.7 percent, gross fixed investment slumped 10.3%, and public spending decreased 6.5 percent. On a quarterly basis, GDP rebounded a sharp 12.8% following a 16.2 percent drop.
2020-12-16

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.