Argentina’s GDP expanded 11.9 percent year-on-year in the third quarter of 2021, easing from a 17.9 percent advance in the previous period and virtually in line with market expectations of a 12.0 percent increase. It was the third consecutive quarter of growth with low base effects fading gradually. The growth in gross fixed capital formation (21.2 vs 77.4 percent) and private consumption (12.1 vs 20.4 percent) eased but remained strong. Meanwhile, government spending accelerated to 11.5 percent from 8.9 percent. On the downside, the external sector had a negative contribution as imports (26.2 percent vs 36.8 percent) grew faster than exports (18.8 percent vs 6.3 percent). On a quarterly basis, Argentina’s GDP soared 4.1 percent, following an upwardly 0.9 percent drop in the previous period. source: Instituto Nacional de Estadística y Censos (INDEC)

GDP Growth Rate in Argentina averaged 0.53 percent from 1993 until 2021, reaching an all time high of 12.88 percent in the third quarter of 2020 and a record low of -15.47 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 January of 2022.

GDP Growth Rate in Argentina is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina GDP Growth Rate is projected to trend around 0.50 percent in 2022, according to our econometric models.

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Argentina GDP Growth Rate

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.08 -0.90 12.88 -15.47 1993 - 2021 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2021-09-21 07:00 PM Q2 -1.4% 2.8% 1.3%
2021-12-16 07:00 PM Q3 4.1% -0.9% 0.6%
2022-03-23 07:00 PM Q4 4.1%

Related Last Previous Unit Reference
GDP Growth Rate 4.08 -0.90 percent Sep/21
GDP Annual Growth Rate 11.90 17.90 percent Sep/21
GDP Constant Prices 687344.00 717953.00 ARS Million Sep/21
Gross Fixed Capital Formation 141199.00 134971.00 ARS Million Sep/21
GDP From Utilities 13395.51 12736.60 ARS Million Sep/21
GDP From Transport 49992.37 52694.39 ARS Million Sep/21
GDP From Services 91487.84 89303.55 ARS Million Sep/21
GDP From Public Administration 32777.44 31940.38 ARS Million Sep/21
GDP From Mining 21713.23 20269.95 ARS Million Sep/21
GDP From Manufacturing 119933.99 115618.74 ARS Million Sep/21
GDP From Construction 21715.97 19532.52 ARS Million Sep/21
GDP From Agriculture 34778.95 89195.22 ARS Million Sep/21
Economic Activity Index 12.80 11.80 percent Aug/21