The construction value added in Argentina demonstrated significant fluctuations over the past decade. It stood at $27.664 billion USD in 2023, marking a year-on-year increase of 1.72%. The construction sector experienced volatility in early years, with sizable dips and peaks such as a 27.25% decrease in 2016 and an upward correction in subsequent years. From 2018 onwards, more stable but modest growth rates were observed, culminating in the latest years’ average compound annual growth rate (CAGR) of 1.86% from 2018 to 2023.
Future trends indicate a steady yet moderate growth trajectory, with forecasted 5-year CAGR standing at 1.21%, expected to grow to $29.869 billion USD by 2028. This reflects an approximate 6.21% total increase from 2023 to 2028.
Key factors to watch for the future include shifts in economic policies, infrastructure investment programs, and global economic conditions, which may impact the construction sector’s performance in Argentina.
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