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. source: Instituto Nacional de Estadística y Censos (INDEC)
GDP Annual Growth Rate in Argentina averaged 2.12 percent from 1994 until 2022, reaching an all time high of 18.10 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 June of 2022.
GDP Annual Growth Rate in Argentina is expected to be 0.60 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 2.00 percent in 2023, according to our econometric models.