Argentina PIB - Tasa de crecimiento anual

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.