Argentina GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

1.9

Units In

5.9

Frequency

Quarterly

Next Release

Dec 16, 2025

Time to Release

2 Months 27 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
17.9 Jun 2021	-19 Jun 2020	2.19 %	1994-2022	N/A

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.

Latest Updates

Argentina’s economy grew by 6.3% year-on-year in the June quarter of 2025, falling short of expectations of a 6.5% expansion and accelerating from a 5.8% increase in the previous quarter. This marks the fastest rate of expansion since Q2 2022, driven by accelerated expansion in the agriculture sector (4.8% vs. 3.7% in Q1) as the effects of a historic drought that severely impacted grain production began to subside. Manufacturing production (6.9% vs. 0.7%), wholesale and retail trade (10.3% vs. 2.5%), transportation and communications (1.4% vs. 2%), and financial intermediation (26.7% vs. 8.4%) also posted gains. However, declines were recorded in utilities (-1.1% vs. -1%). On a quarterly basis, Argentina's GDP fell by 0.1%, following a 1.1% expansion in the previous period.