Argentina's GDP changed from approximately $233B 696M in 1980 to $604B 260M in 2024, showing an overall 158.6% sharply increased during the period.
The lowest GDP was recorded in 1989 at $91B 352M, and the highest in 2023 at $654B 892M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 2.2%.
For comparison, the average annual growth rate of Brazil was 6.5%, and that of Chile was 5.7%.
Argentina GDP from 1980 to 2024
The total market value of goods and services produced annually in Argentina.
Overview of Argentina's GDP (1980–2024)
The Gross Domestic Product (GDP) of Argentina recorded a 158.6% sharply increased from 1980 to 2024.
The average GDP during this period was $329B 480M, and the median was $300B 421M.
GDP fluctuated within a range of $563B 540M, with a standard deviation of $181B 149M.
The average annual change was $11B 688M.
Highest and Lowest GDP Records
- Lowest GDP: 1989, $91B 352M
- Highest GDP: 2023, $654B 892M
- Most Recent GDP: 2024, $604B 260M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 2002: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Argentina's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $446B 762M → $385B 218M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $287B 921M → $334B 633M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $317B 759M → $300B 421M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $327B 436M → $334B 244M
- Outcome: increased
Key Economic Indicators of Argentina (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 0.7 % | $ 233B 696M | $ 172B 527M | $ 8,361.21 | $ 6,172.72 | 20.75 % | 27M 950K people | -1.101 % | 0 % |
1981 | -5.744 % | $ 189B 802M | $ 178B 3M | $ 6,671.43 | $ 6,256.71 | 18.22 % | 28M 450K people | -3.014 % | 0 % |
1982 | -3.149 % | $ 94B 250M | $ 183B 52M | $ 3,257.85 | $ 6,327.41 | 17.34 % | 28M 930K people | -3.095 % | 0 % |
1983 | 3.733 % | $ 116B 267M | $ 197B 322M | $ 3,962.74 | $ 6,725.35 | 16.96 % | 29M 340K people | -2.095 % | 0 % |
1984 | 2 % | $ 130B 544M | $ 208B 533M | $ 4,374.78 | $ 6,988.37 | 16.30 % | 29M 840K people | -1.911 % | 0 % |
1985 | -6.951 % | $ 98B 599M | $ 200B 173M | $ 3,248.74 | $ 6,595.49 | 17.24 % | 30M 350K people | -0.966 % | 0 % |
1986 | 7.146 % | $ 118B 565M | $ 218B 795M | $ 3,857.03 | $ 7,117.60 | 16.21 % | 30M 740K people | -2.411 % | 0 % |
1987 | 2.529 % | $ 121B 561M | $ 229B 887M | $ 3,909.98 | $ 7,394.23 | 14.53 % | 31M 90K people | -3.484 % | 0 % |
1988 | -1.957 % | $ 142B 386M | $ 233B 337M | $ 4,524.50 | $ 7,414.59 | 15.57 % | 31M 470K people | -1.104 % | 0 % |
1989 | -7.007 % | $ 91B 352M | $ 225B 496M | $ 2,867.31 | $ 7,077.73 | 15.07 % | 31M 860K people | 1.199 % | 0 % |
1990 | -1.338 % | $ 158B 24M | $ 230B 806M | $ 4,857.80 | $ 7,095.18 | 15.47 % | 32M 530K people | 2.952 % | 0 % |
1991 | 10.498 % | $ 211B 979M | $ 263B 663M | $ 6,429.45 | $ 7,997.06 | 12.89 % | 32M 970K people | -0.202 % | 0 % |
1992 | 10.299 % | $ 255B 787M | $ 297B 446M | $ 7,653.71 | $ 8,900.24 | 12.41 % | 33M 420K people | -2.529 % | 0 % |
1993 | 6.251 % | $ 264B 428M | $ 323B 530M | $ 7,796.24 | $ 9,538.74 | 14 % | 33M 917K people | -3.042 % | 1.257 % |
1994 | 5.83 % | $ 287B 835M | $ 349B 702M | $ 8,378.74 | $ 10,179.64 | 13.99 % | 34M 353K people | -3.815 % | 0.147 % |
1995 | -2.845 % | $ 288B 497M | $ 346B 875M | $ 8,295.12 | $ 9,973.66 | 17.66 % | 34M 779K people | -1.769 % | -0.408 % |
1996 | 5.527 % | $ 304B 282M | $ 372B 747M | $ 8,645.45 | $ 10,590.74 | 15.05 % | 35M 196K people | -2.352 % | -0.966 % |
1997 | 8.111 % | $ 327B 436M | $ 409B 929M | $ 9,196.52 | $ 11,513.46 | 14.66 % | 35M 604K people | -3.753 % | 0.252 % |
1998 | 3.85 % | $ 334B 244M | $ 430B 498M | $ 9,283.17 | $ 11,956.48 | 14.17 % | 36M 5K people | -4.38 % | 0.521 % |
1999 | -3.385 % | $ 316B 998M | $ 421B 809M | $ 8,709.07 | $ 11,588.61 | 11.74 % | 36M 399K people | -3.815 % | -0.659 % |