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

The Gross Domestic Product (GDP) in Argentina contracted 0.80 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Argentina averaged 3.36 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


Actual Previous Highest Lowest Dates Unit Frequency
-0.80 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 Monday, January 26, 2015.


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.

Year-on-year, exports fell by 8.4 percent and imports dropped by 15.2 percent, preliminary estimates showed. Gross fixed capital formation decreased by 4.7 percent and private consumption shrank by 1.4 percent. In contrast, government expenditure rose 1 percent. 

On the production side, financial activities rose 10.6 percent; agricultural production advanced 4.1 percent and activities in hotels and restaurants increased 0.8 percent. The mining sector expanded by 1.8 percent and construction by 0.6 percent. Meanwhile, wholesale and retail trade droped by 4 percent and manufacturing by 2.4 percent.

On a quarter-on-quarter seasonally adjusted basis, the economy advanced 0.5 percent. 

Carolina Cunha | carolina.cunha@tradingeconomics.com
12/29/2014 10:46:16 PM


Recent Releases

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 Contracts 0.2% in Q1
Argentina’s economy shrank 0.2 percent year-on-year in the first three months of 2014, following a 1.4 percent expansion in the previous quarter. It is the first contraction in nearly two years, as exports, imports and consumption slipped. Published on 2014-06-24


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-06-23 08:00 PM
GDP Growth Rate YoY  Q1
-0.2% 1.4% 1.2% 1.53%
2014-09-24 10:30 PM
GDP Growth Rate YoY  Q2
0.0% 0.3% (R) -0.3% 1.79%
2014-12-29 07:00 PM
GDP Growth Rate YoY  Q3
-0.8% 0.0% -0.8% -0.38%
2015-03-25 08:00 PM
GDP Growth Rate YoY  Q4
-0.8% -0.42%
2015-06-26 08:00 PM
GDP Growth Rate YoY  Q1
0.36%
2015-09-24 10:30 PM
GDP Growth Rate YoY  Q2
1.17%


Argentina GDP Last Previous Highest Lowest Unit
GDP 611.76 603.15 611.76 18.27 USD Billion [+]
GDP Growth Rate -0.50 0.90 5.10 -5.70 percent [+]
GDP Annual Growth Rate -0.80 0.00 12.10 -16.30 percent [+]
GDP Constant Prices 865624.00 887014.00 901096.00 500792.00 ARS Million [+]
GDP per capita 11601.63 10749.32 11601.63 4943.28 USD [+]
Gross Fixed Capital Formation 182441.00 170549.00 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 2.70 Aug/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Aug/14 -0.90 10.10 -3.15 percent [+]
Canada 2.59 Aug/14 2.54 8.80 -3.70 percent [+]
China 7.30 Nov/14 7.30 14.20 3.80 percent [+]
Euro Area 0.80 Aug/14 0.80 5.00 -5.50 percent [+]
France 0.40 Aug/14 0.00 4.90 -4.30 percent [+]
Germany 1.20 Aug/14 1.00 5.20 -6.80 percent [+]
India 5.30 Aug/14 5.70 11.40 -5.20 percent [+]
Indonesia 4.90 Nov/14 5.01 7.16 1.56 percent [+]
Italy -0.50 Aug/14 -0.30 10.30 -6.90 percent [+]
Japan -1.20 Aug/14 -0.20 9.40 -9.40 percent [+]
Mexico 2.20 Aug/14 1.60 8.50 -8.10 percent [+]
Netherlands 1.00 Aug/14 1.10 5.80 -4.40 percent [+]
Russia 0.70 Aug/14 0.80 12.10 -11.20 percent [+]
South Korea 2.70 Nov/14 3.20 18.20 -7.30 percent [+]
Spain 1.60 Aug/14 1.30 5.80 -4.40 percent [+]
Switzerland 1.90 Aug/14 1.60 7.30 -3.70 percent [+]
Turkey 1.70 Aug/14 2.20 12.60 -14.70 percent [+]
United Kingdom 2.60 Aug/14 2.60 9.80 -5.80 percent [+]
United States 2.70 Aug/14 2.60 13.40 -4.10 percent [+]