Argentina’s GDP expanded by 1.9 percent year-on-year in the fourth quarter of 2022, above market forecasts of 1.7 percent but slowing from 5.9 percent growth in the previous quarter. Expansions were recorded for mining (up 0.36% to 11.1%); hotels and restaurants (up 0.26% to 20%); and electricity, gas and water (up 0.08% to 4.8%). On the other hand, contractions were seen for the agriculture sector (down 0.55% to 10.3%). On a quarter-on-quarter basis, the GDP shrank by 1.5 percent, after a downwardly revised 1.4 percent growth in the third 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 June of 2023.
GDP Annual Growth Rate in Argentina is expected to be 0.90 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 2024, according to our econometric models.