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.