The economy of Argentina shrank 6.2 percent year-on-year in the fourth quarter of 2018, following an upwardly revised 3.7 decline in the previous period. It was the biggest contraction since the second quarter of 2009, as output shrank for finance intermediation (-3.7 percent vs 5.7 percent in Q3); real estate (-1 percent vs 0.8 percent) and utilities (-2.7 percent vs 0.9 percent). Also output contracted further for manufacturing (-11.9 percent vs -7.5 percent); construction (-9.5 percent vs -1.0 percent); wholesale & retail trade (-13.5 percent vs -9.2 percent); mining (-2.4 percent vs -0.1 percent); hotels & restaurants (-3 percent vs -2.6 percent); transport & communication (-4.9 percent vs -3.6 percent) and public administration & defence (-0.9 percent vs -0.7 percent). On a quarterly basis, the GDP fell 1.2 percent after a downwardly revised 0.5 percent contraction in the prior quarter. In 2018, the economy contracted 2.5 percent compared to a 2.7 percent growth in 2017. GDP Annual Growth Rate in Argentina averaged 2.54 percent from 1994 until 2018, reaching an all time high of 16.20 percent in the second quarter of 2010 and a record low of -16.30 percent in the first quarter of 2002.

GDP Annual Growth Rate in Argentina is expected to be -2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Argentina to stand at 0.60 in 12 months time. In the long-term, the Argentina GDP Annual Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.

Argentina GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-19 07:00 PM GDP Growth Rate YoY 3.6% 3.9% 3.5% 3.4%
2018-09-19 08:00 PM GDP Growth Rate YoY -4.2% 3.9% -4.2% -5.3%
2018-12-18 07:00 PM GDP Growth Rate YoY -3.5% -4.0% -3.5% -4.5%
2019-03-21 07:00 PM GDP Growth Rate YoY -6.2% -3.7% -6.4% -3.3%
2019-06-19 07:00 PM GDP Growth Rate YoY -6.2% -5.7%
2019-09-19 08:00 PM GDP Growth Rate YoY -2.8%
2019-12-18 07:00 PM GDP Growth Rate YoY -1.4%


Argentina GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.20 -0.50 5.00 -5.70 percent [+]
GDP Annual Growth Rate -6.20 -3.70 16.20 -16.30 percent [+]
GDP 637.59 554.90 637.59 16.60 USD Billion [+]
GDP Constant Prices 679263.00 694578.00 791236.00 460369.00 ARS Million [+]
Gross Fixed Capital Formation 120426.00 140202.00 164572.00 71794.00 ARS Million [+]
GDP per capita 10398.09 10206.25 10780.02 5290.77 USD [+]
GDP per capita PPP 18933.91 18584.58 19629.35 10815.72 USD [+]
GDP From Agriculture 35455.93 31600.83 110971.40 27522.75 ARS Million [+]
GDP From Construction 20476.78 22874.73 23914.29 14555.30 ARS Million [+]
GDP From Manufacturing 113389.56 117405.04 138227.84 86448.02 ARS Million [+]
GDP From Mining 21165.19 21356.90 26258.14 20576.13 ARS Million [+]
GDP From Public Administration 33145.25 33029.11 33451.08 21071.47 ARS Million [+]
GDP From Services 84744.67 86943.57 102946.34 58565.32 ARS Million [+]
GDP From Transport 55373.31 56922.33 61027.37 28143.41 ARS Million [+]
GDP From Utilities 11740.91 12699.67 12868.77 8556.64 ARS Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-6.20 -3.70 16.20 -16.30 1994 - 2018 percent Quarterly




Country Last Previous
China 6.40 Mar/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -6.20 Dec/18


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