Source: world bank Nominal/PPP
Summary:
Argentina GDP Per Capita expanded from 1960 to 2024, increasing from $15.87 to $638.37 .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.
Argentina Economic Phases (1960 - 2024)
From 1960 to 2024, Argentina economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Contraction (1962–1963) indicating temporary slowdown
- High Growth (1964–1965) indicating robust economic expansion
- High Growth (1968–1969) indicating robust economic expansion
- High Growth (1973–1974) indicating robust economic expansion
- High Growth (1977–1978) indicating robust economic expansion
- High Growth (1982–1984) indicating robust economic expansion
- High Growth (1990–1992) indicating robust economic expansion
- High Growth (1996–1997) indicating robust economic expansion
- High Growth (2003–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2012–2013) indicating steady moderate growth
- Crisis (2018–2020) indicating severe economic downturn
- High Growth (2021–2022) indicating robust economic expansion
- Contraction (2024–2024) indicating temporary slowdown
The most remarkable growth occurred in 1990 with an increase of 84.462%, while the largest decline was in 2002 at -63.63%.