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%.
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.
Argentina GDP from 1980 to 2024
The total market value of goods and services produced annually in Argentina.
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 233B 696M | $ 8,361.21 | $ 6,172.72 | $ 172B 527M | 0.7 % | -1.101 % | 20.75 % | 0 % | 27M 950K people |
1981 | $ 189B 802M | $ 6,671.43 | $ 6,256.71 | $ 178B 3M | -5.744 % | -3.014 % | 18.22 % | 0 % | 28M 450K people |
1982 | $ 94B 250M | $ 3,257.85 | $ 6,327.41 | $ 183B 52M | -3.149 % | -3.095 % | 17.34 % | 0 % | 28M 930K people |
1983 | $ 116B 267M | $ 3,962.74 | $ 6,725.35 | $ 197B 322M | 3.733 % | -2.095 % | 16.96 % | 0 % | 29M 340K people |
1984 | $ 130B 544M | $ 4,374.78 | $ 6,988.37 | $ 208B 533M | 2 % | -1.911 % | 16.30 % | 0 % | 29M 840K people |
1985 | $ 98B 599M | $ 3,248.74 | $ 6,595.49 | $ 200B 173M | -6.951 % | -0.966 % | 17.24 % | 0 % | 30M 350K people |
1986 | $ 118B 565M | $ 3,857.03 | $ 7,117.60 | $ 218B 795M | 7.146 % | -2.411 % | 16.21 % | 0 % | 30M 740K people |
1987 | $ 121B 561M | $ 3,909.98 | $ 7,394.23 | $ 229B 887M | 2.529 % | -3.484 % | 14.53 % | 0 % | 31M 90K people |
1988 | $ 142B 386M | $ 4,524.50 | $ 7,414.59 | $ 233B 337M | -1.957 % | -1.104 % | 15.57 % | 0 % | 31M 470K people |
1989 | $ 91B 352M | $ 2,867.31 | $ 7,077.73 | $ 225B 496M | -7.007 % | 1.199 % | 15.07 % | 0 % | 31M 860K people |
1990 | $ 158B 24M | $ 4,857.80 | $ 7,095.18 | $ 230B 806M | -1.338 % | 2.952 % | 15.47 % | 0 % | 32M 530K people |
1991 | $ 211B 979M | $ 6,429.45 | $ 7,997.06 | $ 263B 663M | 10.498 % | -0.202 % | 12.89 % | 0 % | 32M 970K people |
1992 | $ 255B 787M | $ 7,653.71 | $ 8,900.24 | $ 297B 446M | 10.299 % | -2.529 % | 12.41 % | 0 % | 33M 420K people |
1993 | $ 264B 428M | $ 7,796.24 | $ 9,538.74 | $ 323B 530M | 6.251 % | -3.042 % | 14 % | 1.257 % | 33M 917K people |
1994 | $ 287B 835M | $ 8,378.74 | $ 10,179.64 | $ 349B 702M | 5.83 % | -3.815 % | 13.99 % | 0.147 % | 34M 353K people |
1995 | $ 288B 497M | $ 8,295.12 | $ 9,973.66 | $ 346B 875M | -2.845 % | -1.769 % | 17.66 % | -0.408 % | 34M 779K people |
1996 | $ 304B 282M | $ 8,645.45 | $ 10,590.74 | $ 372B 747M | 5.527 % | -2.352 % | 15.05 % | -0.966 % | 35M 196K people |
1997 | $ 327B 436M | $ 9,196.52 | $ 11,513.46 | $ 409B 929M | 8.111 % | -3.753 % | 14.66 % | 0.252 % | 35M 604K people |
1998 | $ 334B 244M | $ 9,283.17 | $ 11,956.48 | $ 430B 498M | 3.85 % | -4.38 % | 14.17 % | 0.521 % | 36M 5K people |
1999 | $ 316B 998M | $ 8,709.07 | $ 11,588.61 | $ 421B 809M | -3.385 % | -3.815 % | 11.74 % | -0.659 % | 36M 399K people |