GDP reading: GDP contracted by 0.1% month-on-month in April 2026, in line with expectations, following a 0.3% expansion in March....
Private Consumption in Argentina
The Argentine economy recorded an average growth rate of -0.1% in private consumption in the decade to 2024, above the 1.9% average for Latin America. In 2024, the growth of private consumption was-2.9%. For more information on private consumption, visit our dedicated page.
Argentina Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Argentina from 2014 to 2025.
Source: Macrobond.
Argentina Private consumption Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 9.5 | 9.5 | 1.0 | -2.9 | 7.9 |
Economic growth is stable in the fourth quarter of 2025
Moderate GDP growth recorded: Argentina's GDP grew 0.6% on a seasonally adjusted quarter-on-quarter basis in Q4, unchanged from the prior quarter's reading. In annual terms, GDP expanded 2.1% in Q4, following 3.3% growth in the previous quarter.
Private consumption drives growth: Compared to the prior quarter's data, figures in Q4 improved for private consumption (+1.7% on a seasonally adjusted quarter-on-quarter basis vs +0.3% in Q3), fixed investment (-2.8% vs -5.3% in Q3) and imports of goods and services (+1.2% vs -2.5% in Q3). In contrast, readings worsened for government consumption (-1.0% vs +0.3% in Q3) and exports of goods and services (+5.0% vs +6.7% in Q3).
Panelist insight: On the outlook, Itaú Unibanco analysts said: “We forecast GDP growth of 3.5% in 2026, underpinned by a firmer outlook for investment and private consumption, alongside a favorable statistical carryover. That said, the recent acceleration in inflation tempers our optimism regarding a real wage recovery, warranting a more cautious stance on the pace of the consumption rebound. Separately, leading indicators for investment such as imports of capital goods have yet to signal a recovery in the near term.”
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Argentine private consumption projections for the next ten years from a panel of 36 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Argentine private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Argentine private consumption projections.
Want to get access to the full dataset of Argentine private consumption forecasts? Send an email to info@focus-economics.com.
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