In 2023, Argentina's GDP composition was predominantly led by the services sector at 42.49%, followed by mining, manufacturing, and utilities at 22.01%. Wholesale and retail trade, alongside restaurants and hotels, contributed 16.6%, while agriculture, hunting, forestry, and fishing accounted for 7.56%. Transport, storage, and communication encompassed 6.67%, and construction had a share of 4.66%. Recent trends indicate relative stability across these sectors, with minor year-on-year variations in services and trade sectors. Over the past five years, these sectors showed moderate fluctuations with an average annual growth (CAGR) stabilizing between 1% to 2%.
Future trends to watch for include a potential increase in technological integration within traditional sectors like agriculture and manufacturing, offering improved efficiency. Additionally, economic policies and international trade agreements could influence sectoral growth rates and modifications in GDP composition.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 42.49 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 22.01 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 16.6 | 2016 | |
| 4 | 4 Agriculture, hunting, forestry, fishing | 7.56 | 2016 | |
| 5 | 5 Transport, storage and communication | 6.67 | 2016 | |
| 6 | 6 Construction | 4.66 | 2016 |
