The contribution to GDP of manufacturing in Argentina has shown a consistent decline from 2013 to 2023, starting at 17.88 in 2013 and reaching 15.06 in 2023. This represents a year-on-year decrease of 1.55% in the last two years and an average annual decline (CAGR) of 1.22% over the past five years.
From 2024 onwards, forecasted data predicts a continued downward trend, with the contribution expected to fall to 13.95 by 2028. This suggests a further 5.93% reduction over the next five years.
Future trends to watch for include:
- Emerging shifts towards service-based economies.
- Potential government policies aimed at revitalizing manufacturing.
- Impact of global trade dynamics and technological advancements.
- Inflationary pressures and exchange rate fluctuations.
