Argentina GDP Growth Rate
The Gross Domestic Product (GDP) in Argentina contracted 0.80 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Argentina averaged 0.83 Percent from 1993 until 2014, reaching an all time high of 5.10 Percent in the second quarter of 2010 and a record low of -5.70 Percent in the fourth quarter of 2001. GDP Growth Rate in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC).
||1993 - 2014
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.