Argentina
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2003-2004 , pp 129-136
- Publication Date: December 2004
- DOI: https://doi.org/10.18356/ecedb5da-en
- Language: English
After plunging by 11 % in 2002, Argentina’s gross domestic product (GDP) surged by almost 9% in 2003 and continued to rise in the initial months of 2004. In 2003, despite a considerable upturn in consumption, the national savings rate remained at around 20%, which was similar to its 2002 level and higher than the average for the period 1993-2001. Gross fixed capital formation bounced back significantly, growing by 38.2% in the course of the year, after a cumulative slump of about 56% in the period 1998-2002. Goods-producing sectors, especially construction and manufacturing, played a major role in the recovery of economic activity.
© United Nations
ISBN (PDF):
9789211555202
Book DOI:
https://doi.org/10.18356/72d77e9d-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Argentina
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