Analyzing credit transfers in Argentina from 2013 to 2023, the value in 2023 stood at 1,175.7 billion USD. The trend from 2013 to 2018 showed significant fluctuations, with notable increases in 2015 and 2017, followed by sharp declines in 2016 and 2018. From 2019 onwards, the market demonstrated moderate to low annual growth rates, with the highest year-on-year growth at 5.73% in 2019 and a slight decrease or stabilization thereafter. The Compound Annual Growth Rate (CAGR) highlighted notable years of growth (2017: 7.12%) and periods of stagnation or slight decline (2022: -1.23%).
Over the last two years (2022-2023), the year-on-year growth was modest at around 1.14%, indicating a stabilized but slow upward trend. The average annual growth rate over the last five years stood at 2.09%, reflecting more consistent and cautious growth rates compared to earlier years.
The forecasted period from 2024 to 2028 suggests a continued gradual increase at an average annual growth rate (CAGR) of 0.82%, culminating in a total growth of 4.16% over five years.
Future trends to watch for include:
Economic policies and regulations that may impact the financial sector.
Technological advancements in the banking sector influencing the ease of credit transfers.
Potential economic instability that could disrupt the forecasted growth patterns.
