From 2013 to 2023, receipts for passenger transport items from international tourists in Argentina fluctuated significantly. Notably, figures peaked in 2014 but experienced a consistent decline until 2019, followed by a dramatic drop in 2020 due to the pandemic. A recovery trend started in 2021, and by 2023, the value stood at 397.85 million USD, showing a 17.33% increase year-on-year. However, the Compound Annual Growth Rate (CAGR) over the last five years ending 2023 was -1.81%.
Forecast data from 2024 to 2028 indicates a slight but continuous decline with a forecasted 5-year CAGR of -1.01% and an overall five-year growth rate of -4.94%. The sector appears to be stabilizing but might not reach pre-pandemic levels within the forecast period.
Trends to watch for in the future include the impact of global economic recovery, changes in international travel patterns, and potential shifts in tourism policies in Argentina that may affect passenger transport receipts.
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