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.