Argentina PESTLE Insights - A Macroeconomic Outlook Report

Argentina PESTLE Insights - A Macroeconomic Outlook Report

Summary

Mining, manufacturing and utilities contributed 24.1% to the gross value added (GVA) in 2022, followed by wholesale, retail and hotels (21.4%), and financial intermediation, real estate and business activities (14.2%). The three sectors are forecast to grow by 40%, 41.6% and 37.2%, respectively, in 2023.

The four major cities comprised 40% of the country’s population in 2022 and the highest concentration of economic activities are in Buenos Aires, the capital of Argentina, according to GlobalData’s cities database.

The overall MERV (Argentina Merval Index) exhibited an upward trend over last year. As of January 24, 2022, the index stood at 81,004.4, compared to 250,362.3 on January 24, 2023.

ScopeThe Argentina government allocated $2.8 billion for investment in transport and water projects under the national budget 2023.Reasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operationsAlong with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.