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.

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Argentina Monthly Economic Activity Estimator



Calendar GMT Actual Previous Consensus TEForecast
2023-01-24 07:00 PM Nov 2.6% 4.5% 3.4% 3.9%
2023-02-23 07:00 PM Dec -1.2% 2.6% 1% 0.8%
2023-03-29 07:00 PM Jan -1.2% 0.2% 3.4%

Argentina Monthly Economic Activity Estimator
In Argentina, the Monthly Economic Activity Estimator (EMAE) is a provisional indicator of the evolution of the GDP. Its calculation is structured in the aggregation of the added value at basic prices of each one of the economic activities plus the net taxes of subsidies to the products, using the weights of the national accounts.
Actual Previous Highest Lowest Dates Unit Frequency
-1.20 2.60 29.50 -25.30 2005 - 2022 percent Monthly
2014=100, NSA

News Stream
Argentina Economic Activity Contracts in December
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.
2023-02-23
Argentina's Economic Activity Growth Hits 21-Month Low
Argentina's economic activity estimator increased by 2.6 percent year-on-year in November of 2022, slowing from the 4.5 percent rise in the previous month. It was the slowest annual growth since February 2021, led by weaker performance of in most sectors. Economic activity slowdown was registered for mining and quarrying (+9.5% vs +12.8% in October), hotels and restaurants (+22.1% vs +27.8%), wholesale, retail and repairs sector (+3.5% vs 5.5%), and transport (+2.6% vs 6%), real estate activities, business and rental (+3.6 vs 3.8%) and manufacturing industry (+2.0% vs +3.9%). Meanwhile, activities declined for agriculture (-6.3% vs -0.2%), financial intermediation (-3.3% vs -1.8%) and fishing (-16.8% vs -29.6%). On a seasonally adjusted monthly basis, the Argentine economy contracted by 0.7 percent in November.
2023-01-24
Argentina Economic Activity Expands the Least in 1-1/2-Years
Argentina's economic activity estimator rose by 4.5 percent year-on-year in October of 2022, the least since February of 2021 and easing from the 4.8 percent increase in the previous month as extremely tight monetary conditions and soaring inflation weighed. Economic activity declined for agriculture (-0.3 percent vs 1 percent in September) and fishing (-29.6 percent vs –3.1 percent). Meanwhile, growth slowed for mining and quarrying (12.5 percent vs 14.2 percent), manufacturing (3.8 percent vs 4.1 percent), wholesale and retail trade (5.3 percent vs 6.9 percent), and construction (3.6 percent vs 5.3 percent). On a seasonally adjusted monthly basis, the Argentine economy contracted by 0.3 percent in October.
2022-12-21