On the fast track: Agriculture, long a source of strength but now joined by new sectors, surged 32% year on year last December, helping to drive overall growth of 4.4% for the year, according to INDEC, Argentina’s national statistics institute. The other stars are oil, up 13% last year thanks to the Vaca Muerta shale fields of Neuquén, while gas rose just 1.7%. Mining as a whole advanced 3.3%, with lithium production soaring more than 40% even as gold and silver declined.
In the slow lane: Public consumption declined 0.9% annually, while investment fell 11.6%. Private surveys indicate that between January and May of this year, consumer spending dropped 3%.
Unemployment has fallen slightly, from 8% to 7.8% over the past year…Inflation plummeted from 211% in 2023 to 31% in 2025 due to fiscal and monetary tightening, a trend expected to continue this year…Taken together, the data highlight an economy with brighter prospects ahead. In fact, private consultants and multilateral organizations forecast GDP growth of around 3% to 3.6% this year.
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