The economy of Argentina contracted 1.1 percent year-on-year in the fourth quarter of 2019, after declining 1.8 percent in the previous period. Output shrank further in construction (-8.3 percent vs -2.6 percent in Q3); and fishing (-19.5 percent vs -16.9 percent). Additionally, agricultural output growth slowed (1.1 percent vs 13.9 percent). Meantime, financial services (-8.6 percent vs -14.3 percent), and commercial (-2.6 percent vs -5.7 percent) shrank less. Also, output rebounded in
manufacturing (2.1 percent vs -4.8 percent) and utilities (3.5 percent vs -2.4 percent). On a quarterly basis, the GDP contracted 1 percent, following a 1 percent expansion in the prior period.
GDP Annual Growth Rate in Argentina averaged 2.21 percent from 1994 until 2019, reaching an all time high of 16.20 percent in the second quarter of 2010 and a record low of -16.30 percent in the first quarter of 2002. 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 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
GDP Annual Growth Rate in Argentina is expected to be -6.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Argentina to stand at -3.00 in 12 months time. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 1.10 percent in 2021 and 2.00 percent in 2022, according to our econometric models.