[ Nominal GDP in billions of USD ]
Year -
$638.37 billions
Argentina GDP expanded from 1960 to 2024, increasing from $15.87 billion to $638.37 billion.The compound annual growth rate (CAGR) averaged 5.94% over the period. The economy recorded its peak level in 2023 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 67.31%, indicating the largest cyclical decline from peak levels. The country experienced 13 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 638.37 Billions | $ 1,390.59 Int Billions |
| Growth (YoY) | -1.709% | 1.043% |
| Net Change vs Previous Year | $ -11.10 Billion | $ 14.35 Int Billion |
| % of World GDP | 0.58% | 0.70% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 15.87 | - | - | - | - | - |
| 1961 | 20.13 | 4.27 | 26.893 % | - | - | - |
| 1962 | 18.34 | -1.79 | -8.914 % | - | - | - |
| 1963 | 18.27 | -0.07 | -0.358 % | - | - | - |
| 1964 | 25.61 | 7.33 | 40.133 % | - | - | - |
| 1965 | 28.34 | 2.74 | 10.699 % | - | - | - |
| 1966 | 28.63 | 0.29 | 1.008 % | - | - | - |
| 1967 | 24.26 | -4.37 | -15.277 % | - | - | - |
| 1968 | 26.44 | 2.18 | 8.988 % | - | - | - |
| 1969 | 31.26 | 4.82 | 18.23 % | - | - | - |
| 1970 | 31.58 | 0.33 | 1.049 % | - | - | - |
| 1971 | 33.29 | 1.71 | 5.411 % | - | - | - |
| 1972 | 34.73 | 1.44 | 4.325 % | - | - | - |
| 1973 | 52.54 | 17.81 | 51.28 % | - | - | - |
| 1974 | 72.44 | 19.89 | 37.859 % | - | - | - |
| 1975 | 52.44 | -20 | -27.608 % | - | - | - |
| 1976 | 51.17 | -1.27 | -2.42 % | - | - | - |
| 1977 | 56.78 | 5.61 | 10.966 % | - | - | - |
| 1978 | 89.05 | 32.27 | 56.83 % | - | - | - |
| 1979 | 69.25 | -19.8 | -22.232 % | - | - | - |
| 1980 | 76.96 | 7.71 | 11.133 % | - | - | - |
| 1981 | 78.68 | 1.71 | 2.228 % | - | - | - |
| 1982 | 84.31 | 5.63 | 7.157 % | - | - | - |
| 1983 | 103.98 | 19.67 | 23.333 % | - | - | - |
| 1984 | 116.92 | 12.94 | 12.441 % | - | - | - |
| 1985 | 88.15 | -28.76 | -24.603 % | - | - | - |
| 1986 | 105.87 | 17.72 | 20.103 % | - | - | - |
| 1987 | 108.81 | 2.94 | 2.776 % | - | - | - |
| 1988 | 126.89 | 18.08 | 16.615 % | - | - | - |
| 1989 | 76.63 | -50.26 | -39.609 % | - | - | - |
| 1990 | 141.35 | 64.72 | 84.462 % | 234.48 | - | - |
| 1991 | 189.72 | 48.37 | 34.217 % | 264.55 | 30.07 | 12.824 % |
| 1992 | 228.78 | 39.06 | 20.588 % | 292.05 | 27.51 | 10.397 % |
| 1993 | 236.74 | 7.96 | 3.481 % | 323.51 | 31.46 | 10.772 % |
| 1994 | 257.44 | 20.7 | 8.743 % | 349.7 | 26.19 | 8.096 % |
| 1995 | 258.03 | 0.59 | 0.23 % | 346.88 | -2.83 | -0.808 % |
| 1996 | 272.15 | 14.12 | 5.471 % | 372.75 | 25.87 | 7.459 % |
| 1997 | 292.86 | 20.71 | 7.609 % | 409.93 | 37.18 | 9.975 % |
| 1998 | 298.95 | 6.09 | 2.079 % | 430.5 | 20.57 | 5.017 % |
| 1999 | 283.52 | -15.43 | -5.16 % | 421.81 | -8.69 | -2.018 % |
| 2000 | 284.2 | 0.68 | 0.24 % | 427.96 | 6.15 | 1.458 % |
| 2001 | 268.7 | -15.51 | -5.456 % | 418.3 | -9.66 | -2.256 % |
| 2002 | 97.72 | -170.97 | -63.63 % | 378.52 | -39.78 | -9.51 % |
| 2003 | 127.59 | 29.86 | 30.559 % | 420.11 | 41.58 | 10.986 % |
| 2004 | 164.66 | 37.07 | 29.055 % | 470.36 | 50.25 | 11.961 % |
| 2005 | 198.74 | 34.08 | 20.697 % | 528.05 | 57.69 | 12.265 % |
| 2006 | 232.56 | 33.82 | 17.017 % | 588.13 | 60.09 | 11.379 % |
| 2007 | 287.53 | 54.97 | 23.639 % | 658.48 | 70.35 | 11.961 % |
| 2008 | 361.56 | 74.03 | 25.746 % | 698.4 | 39.92 | 6.062 % |
| 2009 | 332.98 | -28.58 | -7.905 % | 661.12 | -37.28 | -5.338 % |
| 2010 | 423.63 | 90.65 | 27.224 % | 736.91 | 75.79 | 11.464 % |
| 2011 | 530.16 | 106.53 | 25.147 % | 797.26 | 60.36 | 8.191 % |
| 2012 | 545.98 | 15.82 | 2.985 % | 819.22 | 21.96 | 2.754 % |
| 2013 | 552.03 | 6.04 | 1.107 % | 848.63 | 29.41 | 3.589 % |
| 2014 | 526.32 | -25.7 | -4.656 % | 838.43 | -10.2 | -1.202 % |
| 2015 | 594.75 | 68.43 | 13.001 % | 865.16 | 26.73 | 3.188 % |
| 2016 | 557.53 | -37.22 | -6.258 % | 882.65 | 17.49 | 2.022 % |
| 2017 | 643.63 | 86.1 | 15.442 % | 1035.7 | 153.05 | 17.34 % |
| 2018 | 524.82 | -118.81 | -18.459 % | 1090.04 | 54.34 | 5.247 % |
| 2019 | 447.76 | -77.07 | -14.684 % | 1057.63 | -32.41 | -2.973 % |
| 2020 | 385.74 | -62.01 | -13.85 % | 1012 | -45.63 | -4.314 % |
| 2021 | 486.56 | 100.82 | 26.137 % | 1191.73 | 179.73 | 17.76 % |
| 2022 | 633.99 | 147.43 | 30.3 % | 1353.56 | 161.83 | 13.579 % |
| 2023 | 649.46 | 15.47 | 2.44 % | 1376.24 | 22.68 | 1.676 % |
| 2024 | 638.37 | -11.1 | -1.709 % | 1390.59 | 14.35 | 1.043 % |
Between 1960 to 2024, Argentina experienced the following economic phases:
The most remarkable growth occurred in 1990 with an increase of 84.462%, while the largest decline was in 2002 at -63.63%.