Argentina GDP Annual Growth Rate 1994-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Argentina stagnated 0 percent in the second quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Argentina averaged 3.41 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).

   
 
 

Argentina GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.30 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 Wednesday, October 1, 2014.


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.

Preliminary estimates showed government consumption rose 4.2 percent year-on-year in the second quarter of 2014. In contrast, imports shrank the most (-10.5 percent), followed by exports (-7.4 percent), investment (-3.7 percent) and private consumption (-2.5 percent).

On the production side, financial activities rose 11.2 percent; agricultural production advanced 4.2 percent and activities in hotels and restaurants increased 3.9 percent. The mining sector expanded 2.3 percent. Meanwhile, wholesale and retail trade recorded the highest drop (-4.2 percent), followed by construction (-2.3 percent) and manufacturing (-2 percent).

On a quarter-on-quarter seasonally adjusted basis, the economy advanced 0.9 percent in the three months to June, following a revised 0.5 percent contraction in the previous two quarters.

Joana Taborda | joana.taborda@tradingeconomics.com
9/25/2014 11:31:44 AM


Recent Releases

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

Argentina GDP Growth Slows to 1.4% in Q4
Argentina’s economic growth decelerated for the second consecutive quarter to 1.4 percent yoy in the last three months of 2013, hurt by a sharp fall in exports. It is the slowest expansion in more than two years. Published on 2014-05-12


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-20 09:30 PM Argentina
GDP Growth Rate YoY
Q2 2013 8.3% 3% 6.8% 4.4%
2013-12-20 06:55 PM Argentina
GDP Growth Rate YoY
Q3 2013 5.5% 8.3% 5.0% 10.55%
2014-06-23 08:00 PM Argentina
GDP Growth Rate YoY
Q1 2014 -0.2% 1.4% 1.2% 1.53%
2014-09-24 10:30 PM Argentina
GDP Growth Rate YoY
Q2 2014 0.0% 0.3% (R) -0.3% 1.79%
2014-12-29 08:00 PM Argentina
GDP Growth Rate YoY
Q3 2014 0.0% 5.23%


GDP Last Previous Highest Lowest Unit
GDP 611.76 603.15 611.76 18.27 USD Billion [+]
GDP Growth Rate 0.90 -0.50 5.10 -5.70 Percent [+]
GDP Annual Growth Rate 0.00 0.30 12.10 -16.30 Percent [+]
GDP Constant Prices 887316.00 821090.00 900119.00 500792.00 ARS Million [+]
GDP per capita 11601.63 10749.32 11601.63 4943.28 USD [+]
Gross Fixed Capital Formation 171446.00 165439.00 198821.00 84561.00 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 3.10 Jun/14 3.50 9.00 -3.40 Percent [+]
Brazil -0.90 Jun/14 1.90 10.10 -3.15 Percent [+]
Canada 2.45 Jun/14 2.14 8.80 -3.70 Percent [+]
China 7.50 Jun/14 7.40 14.20 3.80 Percent [+]
Euro Area 0.70 Jun/14 1.00 5.00 -5.50 Percent [+]
France 0.10 Jun/14 0.80 4.90 -4.30 Percent [+]
Germany 0.80 Jun/14 2.50 5.20 -6.80 Percent [+]
India 5.70 Jun/14 4.60 11.40 -5.20 Percent [+]
Indonesia 5.12 Jun/14 5.22 7.16 1.56 Percent [+]
Italy -0.20 Jun/14 -0.40 10.30 -6.90 Percent [+]
Japan -0.10 Jun/14 3.00 9.40 -9.40 Percent [+]
Mexico 1.60 Jun/14 1.90 8.50 -8.10 Percent [+]
Netherlands 1.10 Jun/14 0.00 5.80 -4.40 Percent [+]
Russia 0.80 Jun/14 0.90 12.10 -11.20 Percent [+]
South Korea 3.50 Jun/14 3.90 18.20 -7.30 Percent [+]
Spain 1.20 Jun/14 0.50 5.80 -4.40 Percent [+]
Switzerland 0.60 Jun/14 2.10 7.30 -3.70 Percent [+]
Turkey 2.10 Jun/14 4.70 12.60 -14.70 Percent [+]
United Kingdom 3.20 Jun/14 2.90 9.80 -5.80 Percent [+]
United States 2.60 Jun/14 1.90 13.40 -4.10 Percent [+]





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