Forecast: Value Added by Wholesale, Retail Trade, Restaurants and Hotels in Argentina

The value added by Wholesale, Retail Trade, Restaurants, and Hotels in Argentina has experienced fluctuating trends from 2013 to 2023. The series expressed in value stood at USD 94.86 billion in 2023. Observing the year-on-year variations, notable declines occurred in 2014, 2016, and 2020, with respective decreases of -9.05%, -15.25%, and -15.14%. Conversely, significant increases happened in 2015, 2021, and 2022 with growth rates of 12.66%, 16.92%, and 7.44% respectively. The average annual compound growth rate (CAGR) over the last five years up to 2023 was 2.16%.

For the future, forecast data from 2024 to 2028 suggest a steady growth trend with a forecasted 5-year CAGR of 1.54%. By 2028, value added is anticipated to reach USD 104.22 billion, representing a total forecasted growth of 7.93% over the five-year period.

Trends to watch for:

• Potential impacts of economic policies and reforms on the sector's value.
• Inflation and exchange rate fluctuations affecting purchasing power and investment.
• Technological advancements and digital transformation in retail and hospitality.
• Tourism-related developments influencing hotels and restaurants.