The economy of Argentina shrank 5.8 percent year-on-year in the first quarter of 2019, following a downwardly revised 6.1 decline in the previous period. It was the second biggest contraction since the second quarter of 2009, as output shrank for manufacturing (-10.8 percent vs -11.9 percent), transport & communication (-4.0 percent vs -4.9 percent), utilities (-5.2 percent vs -2.7 percent), and financial services (-10.3 percent vs -3.7 percent). In contrast, primary activity jumped 7.7 percent after a 15.3 percent decline. On a quarterly basis, the GDP fell 0.2 percent after an upwardly revised 1.3 percent contraction in the prior quarter. GDP Growth Rate in Argentina averaged 0.55 percent from 1993 until 2019, reaching an all time high of 5 percent in the third quarter of 2004 and a record low of -5.70 percent in the fourth quarter of 2001.

GDP Growth Rate in Argentina is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Argentina to stand at 0.60 in 12 months time. In the long-term, the Argentina GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.

Argentina GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-19 08:00 PM GDP Growth Rate QoQ Q2 -4.0% 0.7% -2.2%
2018-12-18 07:00 PM GDP Growth Rate QoQ Q3 -0.7% -4.1% -1.0%
2019-03-21 07:00 PM GDP Growth Rate QoQ Q4 -1.2% -0.5% -0.4%
2019-06-19 07:00 PM GDP Growth Rate QoQ Q1 -0.2% -1.3% -0.8%
2019-09-19 08:00 PM GDP Growth Rate QoQ Q2 -0.2% 0.2%
2019-12-18 07:00 PM GDP Growth Rate QoQ Q3 0.4%


Argentina GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 -1.30 5.00 -5.70 percent [+]
GDP Annual Growth Rate -5.80 -6.20 16.20 -16.30 percent [+]
GDP 518.50 642.70 642.70 18.30 USD Billion [+]
GDP Constant Prices 666751.00 679263.00 791236.00 460369.00 ARS Million [+]
Gross Fixed Capital Formation 112858.00 120426.00 164572.00 71794.00 ARS Million [+]
GDP per capita 10040.13 10404.26 10883.32 5323.49 USD [+]
GDP per capita PPP 18282.09 18945.14 19817.45 11372.82 USD [+]
GDP From Agriculture 39914.28 35455.93 110971.40 27522.75 ARS Million [+]
GDP From Construction 22012.20 20476.78 23914.29 14555.30 ARS Million [+]
GDP From Manufacturing 99191.28 113389.56 138227.84 86448.02 ARS Million [+]
GDP From Mining 20849.88 21165.19 26258.14 20576.13 ARS Million [+]
GDP From Public Administration 33277.70 33145.25 33451.08 21071.47 ARS Million [+]
GDP From Services 81358.93 84744.67 102946.34 58565.32 ARS Million [+]
GDP From Transport 55968.54 55373.31 61027.37 28143.41 ARS Million [+]
GDP From Utilities 12201.53 11740.91 12868.77 8556.64 ARS Million [+]


Argentina GDP Growth Rate

Argentina is the third biggest economy in Latin America. Shipments of agricultural products have been the motor of Argentina´s growth in recent years. In addition, Argentina has been diversifying its industrial base and it has been experiencing a record growth in the automobile, textile and power sectors. This page provides - Argentina GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Argentina GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -1.30 5.00 -5.70 1993 - 2019 percent Quarterly




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


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