Argentina’s GDP expanded by 5.9 percent year-on-year in the third quarter of 2022, slightly above market forecasts of 5.8 percent but sowing from the upwardly revised 7.1 percent advance in the previous quarter. Household consumption rose by 10.2 percent, easing from the 10.9 percent jump in the previous quarter and more than offsetting the 0.1 percent contraction in government expenditure, which swung from the 5 percent increase in the second quarter. Meantime, the expansion in gross fixed capital formation slowed to 14 percent from 19.1 percent. Also, net foreign demand contributed negatively to the GDP, as imports soared by 21 percent while exports shrank by 4.6 percent. On a quarter-on-quarter basis, the GDP grew by 1.7 percent, picking up from the downwardly revised 1 percent growth in the second quarter. source: Instituto Nacional de Estadística y Censos (INDEC)

GDP Annual Growth Rate in Argentina averaged 2.20 percent from 1994 until 2022, reaching an all time high of 18.10 percent in the second quarter of 2021 and a record low of -19.00 percent in the second quarter of 2020. 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 February of 2023.

GDP Annual Growth Rate in Argentina is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 2.00 percent in 2023, according to our econometric models.

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Argentina GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-20 07:00 PM Q2 6.9% 6% 6.5% 5.8%
2022-12-15 07:00 PM Q3 5.9% 7.1% 5.8% 3.7%
2023-03-22 07:00 PM Q4 5.9% 4%


Related Last Previous Unit Reference
GDP Growth Rate 1.70 1.01 percent Sep 2022
GDP Annual Growth Rate 5.90 7.10 percent Sep 2022
GDP Constant Prices 727598.00 768729.00 ARS Million Sep 2022
Gross Fixed Capital Formation 159885.00 160865.00 ARS Million Sep 2022
Full Year GDP Growth 10.30 -9.90 percent Dec 2021
GDP from Utilities 12900.73 13357.03 ARS Million Sep 2022
GDP from Transport 54466.72 58863.53 ARS Million Sep 2022
GDP from Services 98360.58 99050.87 ARS Million Sep 2022
GDP from Public Administration 35045.48 35036.77 ARS Million Sep 2022
GDP from Mining 24815.41 23988.05 ARS Million Sep 2022
GDP from Manufacturing 128077.84 125030.84 ARS Million Sep 2022
GDP from Construction 22693.63 20926.46 ARS Million Sep 2022
GDP from Agriculture 34609.85 84508.54 ARS Million Sep 2022
Economic Activity Index 12.80 11.80 percent Aug 2021

Argentina GDP Annual Growth Rate
Argentina is the third largest economy in Latin America. The services sector is the most important and accounts for 64 percent of total GDP. The biggest segments within Services are: wholesale and retail trade and repairs (14 percent of total GDP); transport, warehousing and communications (12.2 percent); real estate (12 percent); education, health and social services (7.2 percent) and financial intermediation (7 percent). Industry constitutes 25 percent of the GDP and the largest segments within this sector are: manufacturing (16 percent of total GDP); construction (5 percent) and electricity, water and gas distribution (3 percent). The government fuels 7 percent of the GDP and the agriculture and fishing sector accounts for the remaining 4 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
5.90 7.10 18.10 -19.00 1994 - 2022 percent Quarterly

News Stream
Argentina GDP Expands More than Expected in Q3
Argentina’s GDP expanded by 5.9 percent year-on-year in the third quarter of 2022, slightly above market forecasts of 5.8 percent but sowing from the upwardly revised 7.1 percent advance in the previous quarter. Household consumption rose by 10.2 percent, easing from the 10.9 percent jump in the previous quarter and more than offsetting the 0.1 percent contraction in government expenditure, which swung from the 5 percent increase in the second quarter. Meantime, the expansion in gross fixed capital formation slowed to 14 percent from 19.1 percent. Also, net foreign demand contributed negatively to the GDP, as imports soared by 21 percent while exports shrank by 4.6 percent. On a quarter-on-quarter basis, the GDP grew by 1.7 percent, picking up from the downwardly revised 1 percent growth in the second quarter.
2022-12-15
Argentina GDP Grows More Than Expected in Q2
Argentinian GDP expanded by 6.9% in the second quarter of 2022, beating estimates of 6.5% and following a 6.0% gain in the previous quarter. The most significant increases in demand components occurred in the gross fixed capital formation (18.8 percent YoY) and in the activity sectors of hotels and restaurants (53.9%), fishing (24.1%), and mines and quarries (15.5%). Still, imports increased 23.1% YoY compared to a 9.3% gain in exports. On a quarterly basis, the economy grew 1.0%, easing slightly from the upwardly revised previous quarter’s 1.2% growth.
2022-09-20
Argentina GDP Growth Slows More Than Expected in Q1
Argentina’s GDP expanded 6 percent year-on-year in the first quarter of 2022, easing from an upwardly revised 8.9 percent growth in the previous period and missing market expectations of a 6.1 percent rise. Slowdown was observed in all divisions: household consumption (9.3 percent vs 10 percent in Q3); government expenditure (6.5 percent vs 11.8 percent); and gross fixed capital formation (12.7 percent vs 14.7 percent). Also, net external demand contributed negatively as imports jumped 28.1 percent on year (vs 22.1 percent in Q3) while exports rose by a softer 9.3 percent (vs 22.5 percent). On a quarterly basis, the economy grew 0.9 percent, slowing sharply from an upwardly revised 1.9 percent growth in Q4.
2022-06-23