Argentina GDP Growth Rate

The Gross Domestic Product (GDP) in Argentina contracted 0.20 percent in the third quarter of 2013 over the previous quarter. GDP Growth Rate in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC). From 1993 until 2013, Argentina GDP Growth Rate averaged 1.0 Percent reaching an all time high of 3.7 Percent in March of 2003 and a record low of -5.7 Percent in December of 2001. Argentina is the third biggest economy in Latin America. After the 2001 crisis, Argentina returned to high growth rates, expanding on average 1.7 percent from 2003 to 2012 on a quarter over quarter basis. Yet, in 2009 and in 2012, the country was affected by global slowdown and the economy grew much below average. Argentina has abundant natural resources, a well-educated population and an export-oriented agricultural sector. Indeed, shipments of agricultural products have been the motor of Argentina´s growth in recent years. In addition, Argentina has been diversifying its industrial base and it has been experiencing a record growth in the automobile, textile and power sectors. Moreover, in 2011 Argentina became the world´s 5th biggest producer of wine. This page provides - Argentina GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.20 2.60 3.70 -5.70 1.57 | 2013/12 1993 - 2013 Percent Quarterly

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Argentina GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-15 07:00 PM Argentina
GDP Growth Rate QoQ
Q4 2012 1.3% 0.6%
2013-06-19 08:00 PM Argentina
GDP Growth Rate QoQ
Q1 2013 1.5% 1.5% (R) 0.86%
2013-09-20 09:30 PM Argentina
GDP Growth Rate QoQ
Q2 2013 2.6% 2.2% (R) 2.02%
2013-12-20 07:00 PM Argentina
GDP Growth Rate QoQ
Q3 2013 -0.2% 2.6% 2.78%
2014-06-23 08:00 PM Argentina
GDP Growth Rate QoQ
Q1 2014 1.42%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 493772.00 2013-08-15 494590.00 494590.00 228776.00 504671.92 2013-12-31 ARS Million [+]
Gross Fixed Capital Formation 117132.00 2013-08-15 113939.00 117203.00 25720.00 118468.55 2013-12-31 ARS Million [+]
GDP per capita 11601.63 2011-12-31 10749.32 11601.63 4943.28 11671.76 2012-12-31 USD [+]
GDP per capita PPP 17554.12 2011-12-31 15909.99 17554.12 7462.31 17685.98 2012-12-31 USD [+]
GDP Growth Rate -0.20 2013-09-30 2.60 3.70 -5.70 1.57 2013-12-31 Percent [+]
GDP Annual Growth Rate 5.50 2013-09-30 8.30 11.80 -16.30 4.20 2013-12-31 Percent [+]
GDP 474.90 2012-12-31 446.00 474.90 18.30 526.70 2013-12-31 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Argentina Consumer Price Index (CPI) at 113.03 Index Points  
Consumer Price Index (CPI) in Argentina increased to 113.03 Index Points in March of 2014 from 110.17 Index Points in February of 2014. Consumer Price Index (CPI) in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Inflation Rate MoM at 2.60 Percent  
The Consumer Price Index in Argentina increased 2.60 percent in March of 2014 over the previous month. Inflation Rate Mom in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Gold Reserves at 61.74 Tonnes  
Gold Reserves in Argentina remained unchanged at 61.74 Tonnes in the fourth quarter of 2013 from 61.74 Tonnes in the third quarter of 2013. Gold Reserves in Argentina is reported by the World Gold Council.
Argentina Crude Oil Production at 547.00 Thousands Barrels per Day  
Crude Oil Production in Argentina increased to 547 Thousands Barrels per Day in October of 2013 from 546 Thousands Barrels per Day in September of 2013. Crude Oil Production in Argentina is reported by the U.S. Energy Information Administration.
Argentina up to 15 Days Interbank Rate at 14.73 Percent  
Interbank Rate in Argentina decreased to 14.73 percent in February of 2014 from 16.15 percent in January of 2014. Interbank Rate in Argentina is reported by the Central Bank of Argentina.
Argentina Producer Prices at 767.38 Index Points  
Producer Prices in Argentina increased to 767.38 Index Points in February of 2014 from 727.17 Index Points in January of 2014. Producer Prices in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Terms of Trade at 138.10 Index Points  
Terms of Trade in Argentina increased to 138.10 Index Points in the fourth quarter of 2013 from 134.90 Index Points in the third quarter of 2013. Terms of Trade in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Tourist Arrivals at 1523221.00  
Tourist Arrivals in Argentina increased to 1523221 in the fourth quarter of 2013 from 1331817 in the third quarter of 2013. Tourist Arrivals in Argentina is reported by the Secretariat of Tourism, Argentina.
Argentina Unemployed Persons at 1068.82 Thousand  
The number of unemployed persons in Argentina decreased to 1068.82 Thousand in the fourth quarter of 2013 from 1156.82 Thousand in the third quarter of 2013. Unemployed Persons in Argentina is reported by the Mecon, Argentina.
Argentina Wage Index at 152.34 Index Points  
Wages in Argentina increased to 152.34 Index Points in February of 2014 from 149.17 Index Points in January of 2014. Wages in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
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