Services Sector Contribution to GDP in Argentina (1990-2022)

Argentina’s services sector peaked at 65.1% of GDP in 2001, supported by economic liberalization efforts in the 1990s. However, the financial crisis in 2002 resulted in a steep decline to 54.8% as industrial and agricultural exports became more prioritized. Recovery efforts helped stabilize the sector, with gradual increases during the 2010s as domestic consumption grew and service-oriented industries expanded. Although the sector’s share fluctuated, hitting 57.3% in 2017, it faced a slight contraction amid economic challenges, closing at 53.1% in 2022. Recent dips highlight Argentina’s struggle with economic instability affecting services.