BUENOS AIRES, March 20 (Reuters) – Argentina’s economy expanded 4.40% in 2025 compared with the prior year, the country’s INDEC statistics agency said on Friday, a touch below analysts’ 4.45% estimate.
Argentina’s gross domestic product (GDP) expanded 2.1% in the October to December period compared to the same period of 2024, also just slightly under analysts’ 2.2% estimate and below the 2.6% logged a year earlier.
GDP for Latin America’s third-largest economy also grew 0.6% compared to the prior quarter in seasonally-adjusted terms, it said.
The data marks the second consecutive quarter of quarter-on-quarter growth and fifth of year-on-year expansion.
Annual GDP contracted 1.3% overall in 2024, according to INDEC data.
Through 2025, agriculture and farming, mining and quarrying and financial services led growth, INDEC noted, while public administration, social and healthcare services, domestic sectors and fishing saw output decline.
Industry slowed in 2024 as the harsh austerity measures introduced by libertarian President Javier Milei to help combat inflation hit businesses, but output rebounded towards the end of that year and tracked positively throughout 2025.
Economists expect Argentina’s GDP to again rise in 2026. A latest survey by Argentina’s central bank found that analysts on average forecast 3.4% growth for this year.
(Reporting by Hernan Nessi and Sarah Morland; Editing by Natalia Siniawski)
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