Argentina has an unstable economy which challenges growth accounting. ARKLEMS+LAND Productivity and Growth Accounts, as Argentina’s counterpart of World KLEMS imitative, expands KLEMS methodology to key characteristics of developing economies as GDP volatility, Natural Capital, and Informal Employment. This paper overview ARKLEMS methodology and analyses main stylized facts of the last two decades during very different macroeconomic regimes. The Argentinean economy could not take advantage in the long run from supposed positive spillovers and complementarities from special inputs and dynamic sectors. MFP slowdown ratifies that Argentina did not take advantage of the recent commodities prices boom and could not evade failure destiny since the last century.