Argentina’s GDP contracted 1.4 percent on quarter in the three months to June 2021 following an upwardly revised 2.8 percent expansion in the previous period. source: Instituto Nacional de Estadística y Censos (INDEC)

GDP Growth Rate in Argentina averaged 0.50 percent from 1993 until 2021, reaching an all time high of 12.90 percent in the third quarter of 2020 and a record low of -15.50 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 2021.

GDP Growth Rate in Argentina is expected to be 2.50 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 1.30 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Argentina GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-06-23 07:00 PM Q1 2.6% 4.4% 1.5%
2021-09-21 07:00 PM Q2 -1.4% 2.8% 1.3%
2021-12-17 07:00 PM Q3 -1.4%

Argentina Last Unit Reference Previous Highest Lowest
GDP Growth Rate -1.40 percent Jun/21 2.80 12.90 -15.50
GDP Annual Growth Rate 17.90 percent Jun/21 2.90 17.90 -19.00
GDP Constant Prices 717953.00 ARS Million Jun/21 648176.00 791236.00 460369.00
Gross Fixed Capital Formation 134971.00 ARS Million Jun/21 129386.00 164572.00 71794.00
Economic Activity Index 12.80 percent Aug/21 11.80 29.50 -25.30
GDP From Utilities 12736.60 ARS Million Jun/21 12298.79 12871.22 8556.64
GDP From Transport 52694.39 ARS Million Jun/21 47043.31 61030.16 28143.41
GDP From Services 89303.55 ARS Million Jun/21 84351.97 102946.34 58565.32
GDP From Public Administration 31940.38 ARS Million Jun/21 32024.79 33921.06 21071.47
GDP From Mining 20269.95 ARS Million Jun/21 19856.81 26258.14 17788.98
GDP From Manufacturing 115618.74 ARS Million Jun/21 103274.40 138227.84 86448.02
GDP From Construction 19532.52 ARS Million Jun/21 21196.48 23914.29 10605.32
GDP From Agriculture 89195.22 ARS Million Jun/21 39562.45 110971.40 27522.75

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.