Makrognosis

Argentina Government final consumption expenditure (INDEC)

QuarterlyReal (inflation-adjusted)Code AR.GOVCONS.Q.REAL

Latest (y/y)−4.1%Q2 2026
Previous (y/y)1.3%Q1 2026
Level95,678 ARS million at 2004 pricesQ2 2026

Argentina Government final consumption expenditure (INDEC) was down 4.1% year on year in Q2 2026, compared with 1.3% in Q1 2026.

The level stood at 95,678 ARS million at 2004 prices.

That is the lowest reading since Q2 2024.

Over the past ten years it has ranged from −8.5% (Q3 2019) to 11.5% (Q4 2021), averaging 0.05%.

Argentina Government final consumption expenditure (INDEC), annual % change, Q1 2005 – Q2 2026−10%−5%0%5%10%20052010201520202025Robomacro
Argentina Government final consumption expenditure (INDEC), annual % change, Q1 2005 – Q2 2026. Source: INDEC.
Argentina Government final consumption expenditure (INDEC), level (ARS million at 2004 prices)40k60k80k100k20052010201520202025Robomacro
Argentina Government final consumption expenditure (INDEC), level (ARS million at 2004 prices).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
Q2 202695,678 ARS million at 2004 prices−4.1
Q1 202692,898 ARS million at 2004 prices1.3
Q4 2025101,592 ARS million at 2004 prices0.4
Q3 202596,837 ARS million at 2004 prices1.3
Q2 202599,732 ARS million at 2004 prices1.5
Q1 202591,688 ARS million at 2004 prices−1.7
Q4 2024101,219 ARS million at 2004 prices2.0
Q3 202495,614 ARS million at 2004 prices−3.9
Q2 202498,261 ARS million at 2004 prices−5.5
Q1 202493,291 ARS million at 2004 prices−4.5
Q4 202399,273 ARS million at 2004 prices−1.6
Q3 202399,537 ARS million at 2004 prices3.5
Q2 2023104,014 ARS million at 2004 prices4.4
Q1 202397,699 ARS million at 2004 prices3.0
Q4 2022100,882 ARS million at 2004 prices−2.7
Q3 202296,129 ARS million at 2004 prices1.1
Q2 202299,651 ARS million at 2004 prices6.2
Q1 202294,876 ARS million at 2004 prices7.4
Q4 2021103,727 ARS million at 2004 prices11.5
Q3 202195,109 ARS million at 2004 prices9.3
Q2 202193,810 ARS million at 2004 prices6.7
Q1 202188,352 ARS million at 2004 prices0.7
Q4 202093,009 ARS million at 2004 prices0.02
Q3 202086,985 ARS million at 2004 prices−1.9

Last 24 observations. The full history (90 observations) is available through the API.

Get Argentina Government final consumption expenditure (INDEC) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/AR.GOVCONS.Q.REAL"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/AR.GOVCONS.Q.REAL",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 2004
Observations90
FrequencyQuarterly
UnitsARS million at 2004 prices
AdjustmentReal (inflation-adjusted)
10-year high11.5% (Q4 2021)
10-year low−8.5% (Q3 2019)
10-year average0.05%
Source agencyINDEC
Makrognosis codeAR.GOVCONS.Q.REAL

Other Argentina indicators

Argentina GDP (Gross Domestic Product)Argentina Nominal GDP at current prices, annual (INDEC, ARS million)Argentina Nominal GDP at current purchasers' prices, quarterly at annual rate (INDEC Oferta y Demanda Globales, base 2004)Argentina Real GDP at constant 2004 prices, annual (INDEC)Argentina Inflation Rate (CPI)Argentina Core Inflation RateArgentina Unemployment RateArgentina Credit Rating & Sovereign Risk ScoreArgentina Industrial ProductionArgentina Current account balance, quarterly (INDEC)Argentina Trade Balance: Goods & ServicesArgentina Exports of goods & services (national accounts, real) (INDEC)Argentina Imports of goods & services (national accounts, real) (INDEC)Argentina Total imports CIF (USD MM)Argentina Government Debt to GDPArgentina Consumer confidence index, national (UTDT)

FAQ

What is the current government final consumption expenditure (INDEC) in Argentina?
The latest reading is −4.1% year on year for Q2 2026, published by INDEC.
Where does this data come from?
It is collected directly from INDEC and is available through the Makrognosis API under the code AR.GOVCONS.Q.REAL.

Last updated 2026-10-22. Source: INDEC. Original title: “Argentina - Government final consumption expenditure (INDEC)”.