In the first quarter of 2025, the Gross Domestic Product (GDP) grew 5.8% in the year -on -year measurement, but 0.8% in unseerative terms against the last month of 2024.
He Gross Domestic Product (GDP) 5.8% year -on -year grew in the First quarter of 2025although in the measurement against the last quarter of 2024 it rose 0.8%, which implied a slowdown from the previous measurement, which had been 2.1%, the June 23 reported on Monday, June 23, the National Institute of Statistics and Census (INDEC).
“This data contrasts with the estimation of activity by offer published last month (EMAE), which anticipated a growth of 1.5% trimester against quarter. From our perspective, This discrepancy is explained by a more moderate advance of GDP on demand against GDP per supply. The lower growth rates respond mainly to the contraction of exports and public consumption, “they said from Balanz.
As for demand, they had a quarterly increase, in unstacted terms, the Private consumptionwith 2.9%, and the Gross Fixed Capital Formationwith 9.8%. The Exports 1.5% fell and Public consumption dropped 0.1%.
In interannual terms, the greatest increase It was observed in the Gross Fixed Capital Formationwith 31.8%. On the other hand, among the activity sectors, rises were recorded in Financial intermediation (27.2%), Fishing (11.6%) and Hotels and restaurants (9%), and a decrease in the sector of Private homes with domestic service (-2.2%).
GDP: activity by activity
As for the variation percentage with respect to The same period of the previous year, financial intermediation climbed 27.2%, Fishing It rose 11.6% then the following items were found: Net subsidies taxes (+10.8%), Hotels and restaurants (+9%), Wholesale, retail, and repairs (+7.3%).
Then the sectors were found: Exploitation of mines and quarries (+6.6%), Construction (+6.1%), Manufacturing industry (+5.1%), Real estate, business and rental activities (+4.3%), Agriculture, Livestock, Hunting and Silviculture (+3.7%).
As for those who climbed the least they were located: Teaching (+0.5%), and among which they contracted were Private homes with domestic service (-2.2%), Adm. Public and Defense; Mandatory affiliation social security plans (-1.2%), Other community, social and personal services activities (-1.6%) and Social and health services (-0.6%).
Source: Ambito
