The contribution of Wholesale, Retail Trade, Restaurants, and Hotels to Argentina's GDP has shown a slight but continuous decline from 17.07 in 2013 to 16.31 in 2023. The annual reduction accelerates, revealing a consistent downward trend year-on-year. From 2020 to 2023, the sector fell by approximately 0.09% each year.
Forecasted data suggests further decrease, projecting a CAGR of -0.25% between 2024 and 2028, culminating in a total reduction of 1.23% over this forecast period. By 2028, the contribution should lower to 16.05, indicating diminishing sector influence.
Future trends to watch for:
- Potential impacts of technological advancements and e-commerce growth.
- Changing consumer behavior driven by economic conditions.
- Government policies and investment in local infrastructure and tourism development.
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