GDP per capita in Argentina
Argentina - GDP per capita (U.S. Dollars)
GDP growth improves in Q2
GDP growth gathered momentum to 6.9% year on year in the second quarter, from 6.0% in the first quarter.
Fixed investment growth improved to 18.8% in Q2, from a 10.6% increase in the prior quarter. Public spending accelerated to a 5.3% increase in Q2 (Q1: +5.0% yoy). Meanwhile, private consumption growth eased to 10.7% yoy in Q2 compared to a 10.9% expansion in Q1, due to souring consumer sentiment and elevated inflation.
Growth in exports of goods and services sped up to 9.3% in Q2 (Q1: +8.9% yoy). Conversely, imports of goods and services growth moderated to 23.1% in Q2 (Q1: +26.8% yoy).
On a seasonally adjusted quarter-on-quarter basis, economic growth edged down to 1.0% in Q2, compared to the previous period's 1.2% growth. Q2's reading marked the slowest expansion since Q2 2021.
Activity is expected to cool in H2, as downbeat consumer sentiment coupled with a further spike in inflation hit private consumption. Moreover, political uncertainty will restrain private sector activity. That said, a timely implementation of the recent IMF deal poses an upside risk.
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 of 1.9%.
Argentina - GDP per capita (USD) Data
|GDP per capita (USD)||15,110||12,778||14,727||12,123||9,679|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||59.88||0.45 %||Dec 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 30, 2022
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased to 35.1 in November from 35.6 in October.
November 24, 2022
Merchandise exports plummeted 11.5% over the same month last year in October (September: -2.2% year-on-year).
November 24, 2022
The monthly indicator for economic activity (EMAE) expanded 4.8% in year-on-year terms in September, which followed August's 6.6% increase.
November 17, 2022
Inflation came in at 88.0% in October, up from September’s 83.0%.
November 9, 2022
Industrial output expanded 4.2% compared to the same month of the previous year in September, which was a deterioration from August's 7.8% increase.