Argentina’s Gross Domestic Product (GDP) accumulated growth of 4.4% last year after a drop of 1.3% in 2024, according to data from the National Institute of Statistics and Census (Indec) released this Friday (20).
The report points out that, between October and December, GDP grew 2.1% compared to the last quarter of 2024. This was the highest growth rate achieved by the Argentine economy since 2022 (which was 5%) and represents a recovery after drops of 1.6% in 2023 and 1.3% in 2024.
During the first half of 2025, GDP experienced a strong recovery: it grew 5.8% in 12 months in the first quarter and 6.4% in the second.
However, in the second half of the year it lost strength (3.3% year-on-year in the third quarter and 2.1% in the fourth) due to exchange rate tensions, political uncertainty prior to the legislative elections in October – won by the government -, the increase in the cost of credit and depressed demand due to the loss of families’ purchasing power.
Among the important sectors, the highlights were the increases in the financial sector (24.7%), mining (8%), agriculture (6.2%) and construction (4.3%).
The sector that fell the most last year was fishing (-15.2%), while a key activity for the economy, industrial, showed signs of stagnation, with a marginal increase of 0.8% in 2025.
