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. source: Instituto Nacional de Estadística y Censos (INDEC)
GDP Annual Growth Rate in Argentina averaged 2.08 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 May 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.