GDP in Argentina
Argentina - GDP
GDP growth records slowest increase since Q1 2021 in Q4
GDP growth slowed markedly to 8.6% year on year in the fourth quarter of 2021, from 11.9% in the third quarter. Q4's reading marked the worst since Q1.
Private consumption growth fell to 11.4% in Q4, marking the weakest expansion since Q1 2021 (Q3: +12.1% yoy). Government spending growth waned to 10.7% in Q4 (Q3: +11.3% yoy). Meanwhile, fixed investment growth fell to 13.0% in Q4, marking the worst reading since Q3 2020 (Q3: +21.0% yoy).
Exports of goods and services growth picked up to 23.0% year on year in the fourth quarter, which marked the best reading since Q3 2010 (Q3: +18.9% yoy). Conversely, imports of goods and services growth softened to 20.5% in Q4 (Q3: +26.5% yoy).
On a seasonally-adjusted quarter-on-quarter basis, economic growth moderated to 1.5% in Q4, following the previous quarter's 4.0% increase.
FocusEconomics analysts see the economy expanding 2.6% in 2022, up 0.2 percentage points from the previous month’s forecast. In 2023, analysts see growth at 1.9%.
Argentina - GDP Data
|Economic Growth (GDP, annual variation in %)||2.7||-2.1||2.7||-2.5||-2.2|
5 years of economic forecasts for more than 30 economic indicators.
Argentina GDP Chart
Source: National Statistical Institute (INDEC) and FocusEconomics calculations.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||59.88||0.45 %||Dec 30|
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June 15, 2022
Consumer prices rose 5.05% over the previous month in May, moderating from April's 6.05% increase.
June 10, 2022
Industrial production increased 4.7% year-on-year in April (March: +3.7% yoy).
May 31, 2022
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased to 36.3 in May from 35.7 in April.
May 20, 2022
The monthly indicator for economic activity (EMAE) grew 4.8% year-on-year in March (February: +8.5% yoy).
May 20, 2022
Merchandise exports rose 35.6% over the same month last year in April (March: +28.6% year-on-year).