GDP in Argentina

Argentina - GDP (billions of U.S. Dollars)
GDP growth records slowest increase since Q1 2021 in Q1
GDP growth lost momentum in the first quarter, falling to 6.0% year-on-year (yoy), from 8.9% in the fourth quarter of last year. Q1's reading was the worst since Q1 2021.
The slowdown was broadly based, with private consumption, public spending, fixed investment and exports all weakening. Private consumption growth fell to 9.3% in Q1, marking the weakest expansion since Q1 2021 (Q4 2021: +10.0% yoy). Public consumption grew at its slowest pace since Q3 2020, expanding 6.5% (Q4 2021: +11.8% yoy). Meanwhile, fixed investment growth fell to 12.7% in Q1, marking the worst reading since Q3 2020 (Q4 2021: +14.7% yoy).
On the external front, growth in exports of goods and services growth fell to 9.3% in Q1, marking the worst result since Q2 2021 (Q4 2021: +22.5% yoy). Conversely, imports of goods and services growth picked up to 28.1% in Q1 (Q4 2021: +22.1% yoy).
On a seasonally-adjusted quarter-on-quarter basis, economic growth slowed markedly to 0.9% in Q1, from the previous period's 1.9% expansion. This marked the worst reading since Q2 2021.
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 (USD bn) Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
GDP (USD bn) | 652 | 557 | 649 | 540 | 436 |
Argentina Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 6.69 | 0.15 % | Dec 17 |
Exchange Rate | 59.88 | 0.45 % | Dec 30 |
Sample Report
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.
Economic News
-
Argentina: Inflation comes in at highest level since our records began
August 12, 2022
Consumer prices soared 7.41% from the previous month in July, accelerating from the 5.30% rise logged in June.
-
Argentina: Industrial output growth loses pace in June
August 11, 2022
Industrial output grew 6.9% in year-on-year terms in June, which was a deterioration from May's 12.1% increase.
-
Argentina: Industrial output growth softens in June
August 10, 2022
Industrial production rose 6.9% year on year in June (May: +12.1% yoy).
-
Argentina: Central Bank hikes interest rate again in July
August 5, 2022
On 28 July, the Central Bank of Argentina (BCRA) decided to hike the LELIQ rate to 60.00% from 52.00% in a bit to tame inflation.
-
Argentina: Consumer confidence plunges in July
August 4, 2022
The Universidad Torcuato di Tella (UTDT) consumer confidence index decreased to 34.7 in July from 39.1 in June.