# Argentina Gross fixed capital formation (INDEC)

Argentina Gross fixed capital formation (INDEC) was down 11.1% year on year in Q2 2026, compared with −12.0% in Q1 2026.
The level stood at 130,870 ARS million at 2004 prices.
Over the past ten years it has ranged from −38.3% (Q2 2020) to 78.6% (Q2 2021), averaging 1.7%.

- Source agency: INDEC
- Makrognosis code: `AR.INVEST.Q.REAL`
- Frequency: quarterly
- Units: ARS million at 2004 prices
- Coverage: 2004-01-01 to 2026-04-01 (90 observations)
- Page: https://makrognosis.robomacro.com/data/argentina/gross-fixed-capital-formation-indec

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 130,870 ARS million at 2004 prices | −11.1 |
| Q1 2026 | 124,666 ARS million at 2004 prices | −12.0 |
| Q4 2025 | 135,974 ARS million at 2004 prices | −2.6 |
| Q3 2025 | 148,830 ARS million at 2004 prices | 10.2 |
| Q2 2025 | 147,249 ARS million at 2004 prices | 32.4 |
| Q1 2025 | 141,621 ARS million at 2004 prices | 31.4 |
| Q4 2024 | 139,618 ARS million at 2004 prices | 1.9 |
| Q3 2024 | 135,000 ARS million at 2004 prices | −16.8 |
| Q2 2024 | 111,251 ARS million at 2004 prices | −29.4 |
| Q1 2024 | 107,772 ARS million at 2004 prices | −24.0 |
| Q4 2023 | 137,053 ARS million at 2004 prices | −7.8 |
| Q3 2023 | 162,177 ARS million at 2004 prices | 0.8 |
| Q2 2023 | 157,588 ARS million at 2004 prices | −1.9 |
| Q1 2023 | 141,756 ARS million at 2004 prices | −1.3 |
| Q4 2022 | 148,604 ARS million at 2004 prices | 0.3 |
| Q3 2022 | 160,953 ARS million at 2004 prices | 13.6 |
| Q2 2022 | 160,569 ARS million at 2004 prices | 17.9 |
| Q1 2022 | 143,684 ARS million at 2004 prices | 10.8 |
| Q4 2021 | 148,125 ARS million at 2004 prices | 14.9 |
| Q3 2021 | 141,728 ARS million at 2004 prices | 22.1 |
| Q2 2021 | 136,178 ARS million at 2004 prices | 78.6 |
| Q1 2021 | 129,688 ARS million at 2004 prices | 38.8 |
| Q4 2020 | 128,942 ARS million at 2004 prices | 15.7 |
| Q3 2020 | 116,053 ARS million at 2004 prices | −9.2 |

## API

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

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/AR.INVEST.Q.REAL",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```