Forecast: Insurance and Financial Services Exports in Argentina

Argentina’s insurance and financial services exports have experienced considerable fluctuations over the past decade. Starting at 0.79 in 2013, there were notable declines in the early years, reaching a low of 0.63 in 2015. However, from 2016 onwards, the sector experienced a general upward trajectory, peaking at 2.35 in 2020. The following years saw some volatility, with a dip in 2021 and 2022, but rebounding to 1.89 in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) has been 3.58%. Future projections indicate a gradual increase, with a forecasted CAGR of 1.16% through 2028, reaching 2.03.

Year-on-Year variations over the last two years:

• 2022: -12.09%
• 2023: 6.69%

Longer-term trends to watch for:

• Continued gradual growth in the insurance and financial services sector exports.
• Monitoring for potential economic and policy shifts that may impact trade dynamics.
• Technological advancements and digitalization in financial services which could spur export growth.