Argentina’s economic activity registers growth

The most recent report released by the National Institute of Statistics and Census (Indec) showed a 4.4% growth in economic activity in Argentina in 2025.

This percentage increase was mainly driven by the strong performance of the agricultural sector at the end of the year.

The data is part of the Monthly Economic Activity Estimator (EMAE), a provisional indicator that measures the quarterly variation in gross domestic product (GDP). A new report for the fourth quarter will be published on the 20th.

This is the highest growth rate achieved by the Argentine economy since 2022 (5%) and represents a recovery after falls of 1.6% in 2023 and 1.3% in 2024. During the first half of 2025, economic activity showed a strong recovery, with annual growth rates exceeding 5%.

However, in the second half of the year, the market stagnated due to exchange rate tensions, political uncertainty ahead of October’s legislative elections – in which Javier Milei’s party emerged strengthened -, the increase in the cost of credit and depressed demand due to the loss of household purchasing power.

Two sectors that stood out at EMAE were agriculture, thanks to the record wheat harvest, and finance. Agriculture, livestock, hunting and forestry grew 32% in December compared to the same period the previous year.

Milei government celebrates result

The preliminary data was a cause for celebration by President Javier Milei’s government, which has the economy as the focus of its political agenda.

The Minister of Economy, Luis Caputo, published excerpts from the Indec report on his profile on the social network X, highlighting the information that showed a positive advance in Argentine economic activity after the years of crisis.