World economics makes available of world s most comprehensive gdp database covering over 130 countries with historical gdp ppp data from 1870 2019 building on the lifetimes work of angus maddison. The economy of argentina shrank 16 2 percent on quarter in the three months ended in june 2020 following a downwardly revised 4 2 decline in the previous period.
High gdp growth resumed in 2010 and the economy expanded by 8 5.
Argentina gdp growth. On a quarterly basis the gdp tumbled a record 16 2 after contracting a downwardly revised 4 2 in the prior period. Argentina gdp growth rate for 2018 was 2 48 a 5 15 decline from 2017. The statistic shows the growth in real gdp in argentina from between 2009 to 2018 with projections up until 2021.
Argentina economic growth the coronavirus pandemic will wreak havoc on the already ailing economy causing gdp to shrink sharply this year amid severe lockdown measures. Download historical data save as image. The late 2000s recession hit the country in 2009 with gdp growth slowing to 0 8.
Gdp growth rate in argentina averaged 0 34 percent from 1993 until 2020 reaching an all time high of 5 percent in the third quarter of 2004 and. Argentina gdp gross domestic product was int 626 89billion for 2019 in ppp terms. Argentina benefits from rich natural resources a highly literate population an export oriented agricultural sector and a diversified industrial base argentina s economic performance has historically been very uneven with high economic growth alternating with severe recessions particularly since the.
The report includes country specific three year forecasts for major macroeconomic indicators including commodity and financial markets. It has a workforce of 17 9 million. Moreover the evolution of the health crisis in the region adds a downside risk to the outlook although the recent debt restructuring agreement reduces the short term risk of.
It was the sharpest contraction on record as the coronavirus pandemic hit the economy. Argentina gdp growth rate for 2016 was 2 08 a 4 81 decline from 2015. Argentina is a developing country it is the second largest in south america behind brazil.
Argentina has the second largest economy in south america. The world bank has classified the economy of argentina as high income which means the gross national income per capita is over 12 475. Its nominal gross domestic product gdp for 2015 was 630 4 billion and gdp per capita was 14 617.
Argentina gdp growth rate for 2017 was 2 67 a 4 75 increase from 2016. Try our corporate solution for free. In april 2010 economy minister amado boudou prepared a debt swap package for the holders of over us 18 billion in bonds who did not participate in the 2005 argentine debt restructuring.
Annual gdp growth argentina. Projects operations. Global economic prospects examines trends for the world economy and how they affect developing countries.
Gdp annual growth rate in argentina averaged 1 95 percent from 1994 until 2020 reaching an all time high of 16 20 percent in the second quarter of 2010 and a record low of 19 10 percent in the second quarter of 2020.