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Argentina: automotive industry's added value to GDP 2017-2020

In 2020, like many other industries worldwide, the Argentine automotive manufacturing sector was severely hit by the social and economic impacts of the COVID-19 pandemic. In the second quarter of the year, the industry added around 1.4 billion Argentine pesos to the country's gross domestic product (GDP), down from more than four billion pesos a year earlier. From January to September 2020, the accumulated value added by the automotive sector reached 7.9 billion pesos, a decrease of nearly 32 percent in comparison to the same period of the previous year.

Value added by the automotive manufacturing sector to the gross domestic product (GDP) in Argentina from 1st quarter 2017 to 3rd quarter 2020

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Source

Release date

December 2020

Region

Argentina

Survey time period

Q1 2017 to Q3 2020

Special properties

Adjusted for inflation based on 2004 prices

Supplementary notes

* Data for 2018 is provisional.
** Data for 2019 and 2020 is preliminary.

Data represents the gross value added to GDP by the manufacturing sector of motor vehicles, trailers and semi-trailers. This added value is calculated by substracting the cost of intermediate or imported goods and services from the total GDP.
Figures have been rounded.

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Statistics on "Automotive industry in Argentina"

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