Argentina GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Argentina contracted 0.20 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Argentina averaged 3.45 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).

   
 
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Argentina GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.20 1.40 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.


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.

Preliminary estimates showed exports fell for the third consecutive quarter by 6.4 percent yoy and imports contracted 3.8 percent. Private consumption decreased 1.2 percent. In contrast, gross fixed capital formation rose 1.9 percent and government expenditure increased 3.4 percent.

On the production side, agriculture output fell sharply by 7.3 percent yoy; wholesale and retail trade decreased 3.1 percent; construction shrank 2.1 percent and manufacturing contracted 0.8 percent. Only financial activities accelerated slightly and grew 16.5 percent (16.4 percent in the last quarter of 2013). 

On a quarter-on-quarter seasonally adjusted basis, the economy contracted for the second consecutive period by 0.8 percent, following a revised 0.5 percent fall in the last three months of 2013.

Joana Taborda | joana.taborda@tradingeconomics.com
6/24/2014 11:27:44 AM


Recent Releases

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

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. Published on 2013-12-23


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 -0.2% 1.4% 1.2% 1.53%
2014-09-24 08:00 PM Argentina
GDP Growth Rate YoY
Q2 2014 -0.2% 5.79%


GDP Last Previous Highest Lowest Unit
GDP 611.76 603.15 611.76 18.27 USD Billion [+]
GDP Growth Rate -0.80 -0.50 5.10 -5.70 Percent [+]
GDP Annual Growth Rate -0.20 1.40 12.10 -16.30 Percent [+]
GDP Constant Prices 816749.00 900119.00 900119.00 500792.00 ARS Million [+]
GDP per capita 11601.63 10749.32 11601.63 4943.28 USD [+]
Gross Fixed Capital Formation 170312.00 192737.00 198821.00 84561.00 ARS Million [+]
GDP per capita PPP 17554.12 15909.99 17554.12 7462.31 USD [+]





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