Argentina GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Argentina expanded 5.50 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Argentina is reported by the Instituto Nacional de Estadística y Censos (INDEC). GDP Annual Growth Rate in Argentina averaged 3.92 Percent from 1994 until 2013, reaching an all time high of 11.80 Percent in the second quarter of 2010 and a record low of -16.30 Percent in the first quarter of 2002. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.50 8.30 11.80 -16.30 4.20 | 2013/12 1994 - 2013 Percent Quarterly

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Argentina GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-15 07:00 PM Argentina
GDP Growth Rate YoY
Q4 2012 2.1% 0.7%
2013-06-19 08:00 PM Argentina
GDP Growth Rate YoY
Q1 2013 3% 2.1% 2.7% 3.18%
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 5.53%
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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 [+]
[+]


Argentina GDP Growth Slows in Q3

In the third quarter of 2013, Argentina’s economic growth slowed to 5.5 percent year-on-year, down from 8.3 percent in the previous three-monh period, the highest growth rate in a year-and-a-half.

On the production side, financial services recorded the highest annual growth rate (21.3 percent), followed by fishing (17.7 percent) and trade (6.8 percent).
Transport and communication grew 6.7 percent on the year and manufacturing recorded the highest annual growth rate in eight quarters (5.7 percent).

Agricultural production slowed to 5.3 percent after surging 26.8 percent in the previous quarter. In contrast, construction accelerated to 4.0 percent (2.2 percent in the previous quarter). Mining shrank for the third straight quarter (-0.7 percent yoy).

On the expenditure side, only construction investment accelerated in the third quarter (5.9 percent yoy from 4.8 percent in the June quarter). Private consumption eased to 8.3 percent (9.2 percent in the preceding quarter) and public expenditure slowed to 8.3 percent from 8.6 percent in the second quarter. Exports decelerated to 2.6 percent yoy.

Quarter-on-quarter, the economy contracted 0.2 percent in the third quarter, the first contraction in six quarters.

During the first three quarters of 2013, the economy grew 5.7 percent year-on-year.

Joana Taborda | joana.taborda@tradingeconomics.com
12/23/2013 12:34:55 PM

RECENT RELEASES

Argentina's GDP Expands 8.3% YoY in Q2
In the second quarter of 2013, Argentina’s GDP expanded at its fastest pace in almost two years, beating market expectations. The economy grew 8.3 percent compared with the same quarter of 2012, due to the good performance of the auto and agricultural sectors. Published on 2013-09-23

Argentina´s Economic Growth Gains Momentum in Q1
Argentina´s economy grew by 3 percent year-on-year in the first quarter of 2013, up from 2.7 percent recorded in the previous three months period, the INDEC reported on June 19th. The services sector were the main driver of the expansion, while construction declined the most. Published on 2013-06-24


GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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