Argentina’s economy grew 4.40% in 2025 compared to the previous year, INDEC, the country’s statistics body, reported this Friday, slightly below analysts’ estimate of 4.45%.
This was the first increase in GDP under the management of President Javier Milei, who took office in December 2023. It is also the first increase since 2022, the year in which the country grew 6%, during the government of Alberto Fernández.
Argentina’s Gross Domestic Product (GDP) grew 2.1% in the October-December period compared to the same period in 2024, falling slightly below analysts’ estimate of 2.2% and also below the 2.6% recorded a year earlier.
The GDP of Latin America’s third largest economy also grew 0.6% compared to the previous quarter, in seasonally adjusted terms, according to the agency.
The data marks the second consecutive quarter of growth compared to the previous quarter and the fifth of expansion compared to the previous year.
According to INDEC data, annual GDP contracted by 1.3% overall in 2024. Until 2025, agriculture and livestock, mining and quarrying, and financial services led growth, INDEC noted, while public administration, health and social services, domestic sectors, and fisheries recorded a decline in production.
Industrial activity slowed in 2024, due to harsh austerity measures introduced by libertarian president Javier Milei to combat inflation, which affected companies.
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However, production recovered later that year and showed positive growth throughout 2025.
Economists predict that Argentina’s GDP will grow again in 2026. A recent survey by the Central Bank of Argentina found that analysts project, on average, growth of 3.4% for this year.
Of the 17 segments analyzed, 13 registered an annual increase in the period. Highlights are the financial intermediation sectors agriculture (+17.2%), agriculture (+16.1%) and fishing (+10.6%).
At the other end, the manufacturing sector fell 5% and wholesale, retail and repair services fell 2.2%.
(with Reuters and Estadão Conteúdo)
