Argentina's economic activity estimator dropped by 3.3% year-on-year in September 2024, following an upwardly revised 3.7% decline in August, and below the anticipated 2.7% drop. Key drivers included a contraction in utilities (-4.2% vs. 1.6% in August), while contractions slowed in transportation (-1.0% vs. -2.6%), construction (-16.6% vs. -18.0%), and manufacturing (-6.2% vs. -6.6%), while growth slowed for agriculture (3.1% vs. 4.5%). On the upside, mining and quarrying grew faster (7.6% vs. 6.0%). Seasonally adjusted data showed a 0.3% increase, while the trend-cycle indicator remained unchanged. source: Instituto Nacional de Estadística y Censos (INDEC)

Monthly GDP YoY in Argentina decreased by 3.30 percent in September from -3.70 percent in August of 2024. Monthly GDP YoY in Argentina averaged 2.08 percent from 2005 until 2024, reaching an all time high of 30 percent in April of 2021 and a record low of -24.40 percent in April of 2020. This page includes a chart with historical data for Argentina Economic Activity Index. Argentina Monthly Economic Activity Estimator - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.

Monthly GDP YoY in Argentina decreased by 3.30 percent in September from -3.70 percent in August of 2024. Monthly GDP YoY in Argentina is expected to be -1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Argentina Monthly Economic Activity Estimator is projected to trend around 0.50 percent in 2025 and 2.00 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-23 07:00 PM
Economic Activity YoY
Aug -3.8% -1.3% -4.9% -0.5%
2024-11-22 07:00 PM
Economic Activity YoY
Sep -3.3% -3.8% -2.7% -2.5%
2024-12-20 07:00 PM
Economic Activity YoY
Oct -3.3% -2.2%


Related Last Previous Unit Reference
Economic Activity Index -3.80 -0.90 percent Aug 2024
Full Year GDP Growth -1.61 5.27 percent Dec 2023
GDP 640.59 631.13 USD Billion Dec 2023
GDP Growth Rate YoY -1.70 -5.10 percent Jun 2024
GDP Constant Prices 721127.00 668673.00 ARS Million Jun 2024
GDP from Agriculture 83227.00 39512.00 ARS Million Jun 2024
GDP from Construction 17365.00 18513.00 ARS Million Jun 2024
GDP from Manufacturing 101771.00 96337.00 ARS Million Jun 2024
GDP from Mining 27548.90 26607.60 ARS Million Jun 2024
GDP from Public Administration 35288.00 35736.00 ARS Million Jun 2024
GDP from Services 81255.00 78352.00 ARS Million Jun 2024
GDP from Transport 56470.00 52622.00 ARS Million Jun 2024
GDP from Utilities 12874.00 13468.19 ARS Million Jun 2024
GDP Growth Rate -1.70 -2.57 percent Jun 2024
GDP per Capita 12625.47 12940.74 USD Dec 2023
GDP per Capita PPP 26466.55 27127.44 USD Dec 2023
Gross Fixed Capital Formation 112373.00 108786.00 ARS Million Jun 2024
Economic Activity YoY -3.30 -3.70 percent Sep 2024

Argentina Monthly Economic Activity Estimator
In Argentina, the Monthly Economic Activity Estimator (EMAE) is a provisional indicator of the evolution of the GDP. Its calculation is structured in the aggregation of the added value at basic prices of each one of the economic activities plus the net taxes of subsidies to the products, using the weights of the national accounts.
Actual Previous Highest Lowest Dates Unit Frequency
-3.30 -3.70 30.00 -24.40 2005 - 2024 percent Monthly
2014=100, NSA


News Stream
Argentina Economic Activity Contracts For 4th Month
Argentina's economic activity estimator dropped by 3.3% year-on-year in September 2024, following an upwardly revised 3.7% decline in August, and below the anticipated 2.7% drop. Key drivers included a contraction in utilities (-4.2% vs. 1.6% in August), while contractions slowed in transportation (-1.0% vs. -2.6%), construction (-16.6% vs. -18.0%), and manufacturing (-6.2% vs. -6.6%), while growth slowed for agriculture (3.1% vs. 4.5%). On the upside, mining and quarrying grew faster (7.6% vs. 6.0%). Seasonally adjusted data showed a 0.3% increase, while the trend-cycle indicator remained unchanged.
2024-11-22
Argentina Economic Activity Shrinks For 3rd Month
Argentina's economic activity estimator fell by 3.8% year-on-year in August 2024, following a revised 0.9% decline in July, but fared better than the anticipated 4.9% drop. Key drivers included sharper contractions in transportation (-2.6% vs. -0.5% in July), construction (-18.0% vs. -15.1%), and manufacturing (-6.7% vs. -5.6%), while growth slowed for agriculture (4.5% vs. 24.1%) and utilities (1.6% vs. 4.1%). On the upside, mining and quarrying grew faster (6.0% vs. 5.8%). Seasonally adjusted data showed a 0.2% increase, while the trend-cycle indicator dipped by 0.2%.
2024-10-23
Argentina Economic Activity Contracts Less Than Expected
Argentina's economic activity estimator dropped by 1.3% year-on-year in July 2024, improving from the downwardly revised 4% contraction in June and beating market expectations of a 4.1% decline. The decrease was primarily due to slower growth in transportation (0.2% vs. 0.5% in June) and agriculture, livestock, hunting, and forestry (23.6% vs. 82.4%). On the positive side, utilities rebounded (3.6% vs. -3.4%), and growth in mining and quarrying accelerated (5.7% vs. 4.6%). Additionally, the contraction eased in construction (-14.8% vs. -23.6%) and manufacturing (-5.6% vs. -20.4%). Seasonally adjusted data showed a 1.3% increase, while the trend-cycle indicator recorded a 0.3% decline from the previous month.
2024-09-25