Argentina GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

1.9

Units In

5.9

Frequency

Quarterly

Next Release

Jun 23, 2025

Time to Release

3 Months 2 Days 21 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 2% year-on-year in the December quarter of 2024, surpassing expectations of a 1.7% expansion and recovering from a 2.1% contraction in the previous quarter. This growth marks an end to six consecutive quarters of economic decline, driven by a rebound in the agriculture sector (1.6% vs. -2% in Q3) as the effects of a historic drought that severely impacted grain production began to subside. Manufacturing production (0.7% vs. -6.2% in Q3), wholesale and retail trade (2.5% vs. -5.8%), transportation (2% vs. -0.3%), and financial intermediation (8.4% vs. -2%) also posted gains. However, declines were recorded in construction (-12.4% vs. -15.2%) and utilities (-1% vs. +0.6%). On a quarterly basis, Argentina's GDP grew by 1.1%, following a 3.9% expansion in the previous period.