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New Data: Argentina - GVA by industry - SA
Friday, 22 May 2020 14:49 ET
By Katie Cristofano
April 2020 -- Moody's Analytics now computes seasonally adjusted counterparts to gross value added by industry for Argentina (34 new quarterly series, from 2004)

Motivation: Our pertinent national source, the National Institute of Statistics and Censuses of the Argentine Republic (INDEC), reports gross value added by industry at current and constant prices, but only in not seasonally adjusted (NSA) terms.

Response: For analytic convenience and international consistency, we have created seasonally adjusted (SA) counterparts for the above. 


  • Measurements: 
    • Thousands of constant year-2004 Argentine pesos (Ths. 2004 ARS)
    • At current prices (Ths. ARS)
  • Adjustment: Seasonally adjusted annualized rate (SAAR)
  • Native frequency: Quarterly
  • Start date: Uniformly 2004Q1

The series reside in the historical catalog: 

  • Argentina » National Accounts » by Value Add » Quarterly » ... » Seasonally adjusted by Moody's Analytics

and include, for example: 

  • NALSGVATAQ.IARG = National accounts: Production approach - Gross value added [GVA] - All industries total [A to P], (Ths. ARS, SAAR)
  • NACSGVAAGAQ.IARG = Agriculture; hunting and forestry [A], (Ths. 2004 ARS, SAAR)


  1. For the current-price subset, seasonally adjust each industry branch, using the U.S. Census Bureau's X-13 ARIMA program.
  2. To enforce additivity, compute all-industries total as the sum over industry branches.
  3. Repeat for constant prices.
Related ReleaseNational Accounts - by Industry
SourceNational Institute of Statistics and Censuses of the Argentine Republic (INDEC)
Release DateReference date
22 Sep 20202Q 2020