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.