Argentina's economy witnessed a significant growth of 4.4% in 2025, as reported by the National Institute of Statistics and Censos (Indec) on Friday, March 20th. This growth was chiefly driven by strong private consumption, which rose by 7.9%, alongside export increases of 7.6% and a notable 16.4% rise in gross fixed capital formation. However, public consumption showed only modest growth at 0.2%, indicating uneven economic performance across different sectors.

Despite the annual growth figure, there are growing concerns about economic deceleration, particularly as activity levels declined over the year. In the fourth quarter of 2025, economic growth was reported at just 2.1% when compared to the same quarter of 2024, marking the second consecutive quarter of slowdown. This deceleration exists against the backdrop of increasing unemployment, which climbed to 7.5% by December, the highest level recorded for a fourth quarter since 2020, during the pandemic.

Additionally, the Indec reported an informal employment rate of 43%, reflecting the precarious nature of many workers' situations in Argentina. Approximately 5.8 million individuals are classified as working informally, which represents a one percentage point increase from the last quarter of 2024. Reports from the Center for Political Economy (Cepa) echo these concerns and highlight the challenges faced by the economy, as issues of inflation and job insecurity weigh heavily on the prospects for sustained growth.