Argentinian GDP expanded by 6.9% in the second quarter of 2022, beating estimates of 6.5% and following a 6.0% gain in the previous quarter. The most significant increases in demand components occurred in the gross fixed capital formation (18.8 percent YoY) and in the activity sectors of hotels and restaurants (53.9%), fishing (24.1%), and mines and quarries (15.5%). Still, imports increased 23.1% YoY compared to a 9.3% gain in exports. On a quarterly basis, the economy grew 1.0%, easing slightly from the upwardly revised previous quarter’s 1.2% growth. source: Instituto Nacional de Estadística y Censos (INDEC)
GDP Annual Growth Rate in Argentina averaged 2.17 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 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 November of 2022.
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.