Argentina’s Gross Domestic Product (GDP) grew 2.3% year-on-year in the first quarter of 2026 and 0.7% compared to the final three months of 2025, reaching a “new all-time high” for a first quarter, according to Economy Minister Luis Caputo.
Growth was driven primarily by private consumption, which reached a record level.
However, investment fell sharply, dropping 11.6% year-on-year and 1.7% compared to the previous quarter, according to data released on Tuesday by the national statistics agency INDEC.
The report also showed exports rose 9.8% in the first quarter compared to the same period in 2025, making them the strongest-performing component of demand. However, exports declined 3.1% relative to the final quarter of last year.
On the supply side, the sectors that contributed most to GDP growth were agriculture and livestock, which expanded 18.1%, and mining — including the energy sector — which grew 12.3%. Financial services rose 7.5%.
