Argentina's economic activity estimator fell 1.2 percent year-on-year in December of 2022, swinging from the 2.6 percent rise in the previous month. It was the first contraction recorded since February 2021, led by weak performance in agriculture, livestock, hunting and forestry sector (-18% vs -7.5% in November). Economic activity contraction was also registered for manufacturing (-2.1% vs +1.6%), and construction (-1.7% vs +2.6%). Meantime, economic activity slowed for hotels and restaurants (+10.8% vs +20.5%) and transport (+0.7% vs 2.6%). On the other hand, activities expanded further in mining and quarrying (+10.8% vs +9.7%) and electricity, gas and water (+4.4% vs +4.1%). On a seasonally adjusted monthly basis, the Argentine economy contracted by 0.2 percent in December. source: Instituto Nacional de Estadística y Censos (INDEC)
Monthly GDP YoY in Argentina averaged 2.47 percent from 2005 until 2022, reaching an all time high of 29.50 percent in April of 2021 and a record low of -25.30 percent in April of 2020. This page includes a chart with historical data for Argentina Economic Activity Index. Argentina Monthly Economic Activity Estimator - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Monthly GDP YoY in Argentina is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Monthly Economic Activity Estimator is projected to trend around 1.00 percent in 2024 and 2.00 percent in 2025, according to our econometric models.