The economy of Argentina shrank 16.2 percent on quarter in the three months ended in June 2020, following a downwardly revised 4.2% decline in the previous period. It was the sharpest contraction on record, as the coronavirus pandemic hit the economy.

GDP Growth Rate in Argentina averaged 0.34 percent from 1993 until 2020, reaching an all time high of 5 percent in the third quarter of 2004 and a record low of -16.20 percent in the second quarter of 2020. This page provides - Argentina GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Argentina GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)

GDP Growth Rate in Argentina is expected to be 6.50 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 0.40 in 12 months time. In the long-term, the Argentina GDP Growth Rate is projected to trend around 0.80 percent in 2021 and 1.00 percent in 2022, according to our econometric models.

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Argentina GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-16.20 -4.20 5.00 -16.20 1993 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-12-17 07:00 PM Q3 0.9% -0.7% 0.4%
2020-03-25 07:00 PM Q4 -1% 1% -0.7%
2020-06-23 07:00 PM Q1 -4.8% -0.9% -4.8%
2020-09-22 07:00 PM Q2 -16.2% -4.2% -16%
2020-12-18 07:00 PM Q3 -16.2% 6.5%

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.