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. 2014-04-24

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 516436.45 2014-06-30 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 13713.73 2014-06-30 USD [+]
GDP per capita PPP 17554.12 2011-12-31 15909.99 17554.12 7462.31 21516.68 2014-06-30 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 18.30 545.94 2014-06-30 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 Money Market Rate at 14.73 Percent  
The benchmark interest rate in Argentina was last recorded at 14.73 percent.
Argentina Balance of Trade at 44.00 USD Million  
Argentina recorded a trade surplus of 44 USD Million in February of 2014. Balance of Trade in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Exports at 5393.00 USD Million  
Exports in Argentina increased to 5393 USD Million in February of 2014 from 5231 USD Million in January of 2014. Exports in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Imports at 5349.00 USD Million  
Imports in Argentina increased to 5349 USD Million in February of 2014 from 5196 USD Million in January of 2014. Imports in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Current Account at -1720.53 USD Million  
Argentina recorded a Current Account deficit of 1720.53 USD Million in the fourth quarter of 2013. Current Account in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Consumer Confidence at 36.69  
Consumer Confidence in Argentina increased to 36.69 in April of 2014 from 36.21 in March of 2014. Consumer Confidence in Argentina is reported by the Universidad Torcuato di Tella.
Argentina Capital Flows at -1880.26 USD Million  
Capital Flows in Argentina decreased to -1880.26 USD Million in the fourth quarter of 2013 from -1736 USD Million in the third quarter of 2013. Capital Flows in Argentina is reported by the Mecon, Argentina.
Argentina Capacity Utilization at 70.06 Percent  
Capacity Utilization in Argentina increased to 70.06 percent in February of 2014 from 63.70 percent in January of 2014. Capacity Utilization in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
Argentina Domestic Car Sales at 50.00 Thousand  
Car Registrations in Argentina decreased to 50 Thousand in March of 2014 from 55 Thousand in February of 2014. Car Registrations in Argentina is reported by the Asociación de Fábricas de Automotores (ADEFA).
Argentina Changes in Inventories at -24297.00 ARS Million  
Changes in Inventories in Argentina decreased to -24297 ARS Million in the third quarter of 2013 from -860 ARS Million in the second quarter of 2013. Changes in Inventories in Argentina is reported by the Mecon, Argentina.
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