GDP in Argentina
Argentina - GDP (billions of 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 (USD bn) Data
|GDP (USD bn)||652||557||649||540||436|
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|
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December 7, 2022
Merchandise exports rose 15.1% over the same month last year in October (September: -0.7% year-on-year).
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%.