Argentina GDP Annual Growth Rate  1994-2016 | Data | Chart | Calendar

The economy of Argentina contracted 3.4 percent year-on-year in the second quarter of 2016, following a downwardly revised 0.4 percent expansion in the previous period and worse than market expectations of a 2.6 percent decline. Gross fixed capital formation slumped 4.9 percent, following a 3.3 percent drop in the first three months of the year. Construction investment dropped 15.7 percent and transport equipment went down 0.8 percent while investment in machinery and equipment rose 5.3 percent. In addition, public spending went down 2 percent (+2.6 percent in Q1), private consumption edged down 0.1 percent (+1.6 percent in Q1), exports fell 1.9 percent (+12.8 percent in Q1) and imports rose 8.7 percent (+12.6 percent in Q1). On a quarterly basis, the economy shrank 2.1 percent, third consecutive quarter of contraction. GDP Annual Growth Rate in Argentina averaged 2.69 percent from 1994 until 2016, reaching an all time high of 16.20 percent in the second quarter of 2010 and a record low of -16.30 percent in the first quarter of 2002.

Argentina GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-30 07:00 PM Q3 3.5% 3.9% 1.9%
2016-06-29 07:45 PM Q1 0.49% 2.2% -0.85% -0.7%
2016-09-22 08:20 PM Q2 -3.4% 0.4% -2.6% -0.7%
2016-12-22 07:00 PM Q3 -3.4% -0.4%
2017-03-30 07:00 PM Q3
2017-03-30 07:00 PM Q4




Argentina GDP Last Previous Highest Lowest Unit
GDP Growth Rate -2.10 -0.50 5.10 -5.70 percent [+]
GDP Annual Growth Rate -3.40 0.40 16.20 -16.30 percent [+]
GDP 548.06 623.93 623.93 18.27 USD Billion [+]
GDP Constant Prices 762231.00 673923.00 789146.00 460369.00 ARS Million [+]
Gross Fixed Capital Formation 140375.00 123792.00 164572.00 71794.00 ARS Million [+]
GDP per capita 12128.28 12198.89 12198.89 5524.24 USD [+]
GDP per capita PPP 17554.12 15909.99 17554.12 7462.31 USD [+]
GDP From Agriculture 101448.72 33310.70 110152.56 27522.75 ARS Million [+]
GDP From Construction 20567.97 20597.99 23914.29 14555.30 ARS Million [+]
GDP From Manufacturing 117404.03 110624.40 138227.84 86448.02 ARS Million [+]
GDP From Mining 22366.55 22267.31 26258.14 21980.59 ARS Million [+]
GDP From Public Administration 32752.17 32757.49 32757.49 21071.47 ARS Million [+]
GDP From Services 94224.77 86443.17 102946.34 58565.32 ARS Million [+]
GDP From Transport 58412.82 55231.60 58412.82 28143.41 ARS Million [+]
GDP From Utilities 12528.03 12729.94 12729.94 8556.64 ARS Million [+]



Argentina GDP Annual Growth Rate Notes

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 the latest reported value for - Argentina GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-3.40 0.40 16.20 -16.30 1994 - 2016 percent Quarterly



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