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Financial News: ARGENTINA: GDP Rises 3.9% In 4Q17 Over A

ARGENTINA: GDP Rises 3.9% In 4Q17 Over A Year Before

03/21/2018 - 19:51:00 (RTTNews)

(RTTNews) - Argentina's Gross Domestic Product (GDP) in the fourth quarter of 2017 increased 3.9% compared to a year before, when it recorded a 1.1% decrease, said the South American country's statistics office.

In the fourth quarter of 2017, seasonally adjusted GDP grew 1.0% when compared to the immediately previous quarter.

The macroeconomic evolution of the fourth quarter of 2017 was determined, according to the provisional estimates, by a variation in the global offer, measured at 2004 prices, of 7.7% with over the same period of the previous year, amid an increase of 21.7% in imports of real goods and services.

In global demand, there were increases of 20.7% in the gross fixed capital formation and 4.8% in private consumption, while public consumption grew 1.4%. Exports of real goods and services recorded a variation of 0.4%.

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