Argentina GDP Annual Growth Rate 1994-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Argentina expanded 0.40 percent in the fourth quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Argentina averaged 3.35 percent from 1994 until 2014, reaching an all time high of 12.10 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 reported by the Instituto Nacional de Estadística y Censos (INDEC).

      Forecast
Argentina GDP Annual Growth Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.00 12.10 -16.30 1994 - 2014 percent Quarterly
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 - Argentina GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Argentina GDP Annual Growth Rate - was last refreshed on Thursday, May 28, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-09-24 10:30 PM Q2 0.0% 0.3% (R) -0.3% 1.79%
2014-12-29 07:00 PM Q3 -0.8% 0.0% -0.8% -0.38%
2015-03-20 07:00 PM Q4 0.4% 0% (R) 0.3% 0.2%
2015-06-26 08:00 PM Q1 0.4% 0.36%
2015-09-24 10:30 PM Q2 1.17%
2015-12-28 08:00 PM Q3 2.25%


Argentina's Economy Expands 0.4% in Q4


Argentine GDP grew 0.4 percent in the fourth quarter of 2014 compared to the same quarter of the previous year, bringing the full year expansion to 0.5 percent. Figures for the three months to September of 2014 were revised, showing a stagnation.

In the last three months of 2014, exports fell by 11.9 percent year-on-year hurt by lower international prices of commodities and weaker demand in Brazil. Imports decreased by 11.5 percent as the countries’ authorities restricted the amount of dollars available to businesses. Gross fixed capital formation dropped by 9.7 percent and private consumption contracted by 1.2 percent. In contrast, government expenditure rose by 3.8 percent in the fourth quarter of 2014.

On the production side, financial activities advanced by 5 percent; agricultural production increased by 4.9 percent and activities in hotels and restaurants rose by 2.7 percent. The mining sector expanded by 2.1 percent while construction grew by 1.3 percent. Meanwhile, retail sales dropped the most (-4 percent), followed by manufacturing (-1.9 percent), real estate (-0.8 percent) and transport (-0.2 percent).  

In 2014, exports fell by 8.1 percent while imports decreased by 12.6 percent. Gross fixed capital formation contracted by 5.8 percent and private consumption went down 0.5 percent. Goverment expenditure rose by 2.8 percent.  

On a quarter-on-quarter basis, gross domestic product was flat compared to a 0.5 percent contraction reported in the previous three month period. 


INDEC | carolina.cunha @tradingeconomics.com
3/23/2015 11:43:27 AM


Recent Releases

Argentine Economy Contracts 0.8% in Q3
Argentina’s GDP shrank 0.8 percent in the third quarter of 2014 compared to the same period a year earlier hurt by fall in exports, investments and private consumption. Published on 2014-12-29

Argentina GDP Growth Stalls in Q2
Argentina’s economy stagnated in the second quarter of 2014 compared to the same period a year earlier. Figures for the first three months of 2014 were revised to a 0.3 percent expansion from a 0.2 percent contraction. Published on 2014-09-25


Argentina GDP Last Previous Highest Lowest Unit
GDP 611.76 603.15 611.76 18.27 USD Billion [+]
GDP Growth Rate 0.00 0.10 5.10 -5.70 percent [+]
GDP Annual Growth Rate 0.40 0.00 12.10 -16.30 percent [+]
GDP Constant Prices 904526.00 872441.00 904526.00 500792.00 ARS Million [+]
GDP per capita 11601.63 10749.32 11601.63 4943.28 USD [+]
Gross Fixed Capital Formation 173220.00 182130.00 204644.00 81950.00 ARS Million [+]
GDP per capita PPP 17554.12 15909.99 17554.12 7462.31 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Nov/14 -0.60 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Feb/15 0.90 5.00 -5.60 percent [+]
France 0.70 Feb/15 0.00 12.50 -3.92 percent [+]
Germany 1.10 Feb/15 1.60 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 4.71 Feb/15 5.01 7.16 1.56 percent [+]
Italy 0.00 Feb/15 -0.50 10.30 -6.90 percent [+]
Japan -1.40 Feb/15 -0.90 9.40 -9.40 percent [+]
Mexico 2.50 Feb/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.40 Feb/15 1.40 5.80 -4.40 percent [+]
Russia -1.90 Feb/15 0.40 12.10 -11.20 percent [+]
South Korea 2.40 Feb/15 2.70 18.20 -7.30 percent [+]
Spain 2.70 Feb/15 2.00 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 2.40 Feb/15 3.00 9.80 -5.80 percent [+]
United States 3.00 Feb/15 2.40 13.40 -4.10 percent [+]