From 2013 to 2016, Argentina's construction sector contribution to GDP saw a decline from 5.81% to 4.66%. It recovered slightly by 2018, reaching 4.92%, but has shown a downward trend, standing at 4.84% in 2023. Forecasted data indicates a gradual decline to 4.75% by 2028. The YoY percentage change from 2022 to 2023 is -0.21%, and the CAGR over the last five years is -0.29%, reflecting an average annual contraction of the construction sector's GDP contribution. The overall forecast growth rate for the next five years is -1.45%.
Trends to watch for in the future include:
- Government investment in infrastructure projects.
- Economic stability influencing private investment in construction.
- Potential impacts of international economic conditions on Argentina's construction sector.