The Latest Argentina Industry Statistics Explained
As of 2020, the value of the manufacturing industry in Argentina is roughly $64.75 billion.
The statistic ‘As of 2020, the value of the manufacturing industry in Argentina is roughly $64.75 billion’ is a specific figure indicating the total value of goods produced within the manufacturing sector of Argentina in the year 2020. This statistic reflects the scale and economic contribution of the manufacturing industry to the country’s overall GDP. It serves as a key metric for evaluating the performance and significance of the manufacturing sector within Argentina’s economy, highlighting its role in generating revenue, creating employment opportunities, and supporting economic growth. The value of $64.75 billion provides insight into the sector’s size and impact, aiding policymakers, investors, and analysts in making informed decisions related to the manufacturing industry in Argentina.
Traditionally, Argentina’s largest industries by annual output are Food processing & beverages, motor vehicles, textiles & leather, chemicals & pharmaceuticals, steel, aluminium & iron, industrial & farm machinery, and home appliances.
The statistic indicates the main industries in Argentina based on their annual output. The largest industries in the country are food processing & beverages, motor vehicles, textiles & leather, chemicals & pharmaceuticals, steel, aluminium & iron, industrial & farm machinery, and home appliances. This information provides insight into the key sectors driving the economy and contributing significantly to the country’s GDP. These industries play a crucial role in generating employment opportunities, contributing to exports, and shaping the overall economic landscape of Argentina. Understanding the dominance of these industries can help policymakers, investors, and stakeholders make informed decisions regarding economic development, trade strategies, and overall growth prospects in the region.
Manufacturing accounted for almost 20% of the Argentine GDP in 2018.
The statistic that manufacturing accounted for almost 20% of the Argentine GDP in 2018 indicates that the manufacturing sector played a significant role in the country’s economy during that year. This means that a sizable portion of the total economic output of Argentina was generated by activities related to the production of goods within the manufacturing industry. The strong presence of the manufacturing sector suggests that it was a key driver of economic growth, job creation, and overall industrial development in Argentina in 2018. This statistic highlights the importance of the manufacturing sector within the broader context of the Argentine economy and underscores its contribution to the country’s GDP.
As of 2020, the food and beverage industry makes up approximately 16% of Argentina’s total industrial production.
The statistic indicates that as of 2020, the food and beverage industry in Argentina accounted for roughly 16% of the country’s overall industrial production. This suggests that the food and beverage sector plays a significant role in Argentina’s industrial landscape, contributing a notable portion to the country’s total output. The statistic implies that the industry is a key player in Argentina’s economy, providing employment opportunities, generating revenue, and meeting consumer demand for food and beverages. Understanding the sector’s prominence within Argentina’s industrial activities can offer insights into the country’s economic structure, trade dynamics, and overall industrial performance.
The chemical industry in Argentina accounted for 24.22 billion US dollars of the Argentine GDP at current prices in 2017.
The statistic that the chemical industry in Argentina accounted for 24.22 billion US dollars of the Argentine GDP at current prices in 2017 indicates the significant economic contribution of the chemical sector to the overall output of the Argentine economy during that year. This figure represents the total value added by the chemical industry in terms of production and sales within the country, indicating that the sector played a substantial role in driving economic activity and generating revenue. It suggests the importance of the chemical industry as a key player in the Argentine economy, providing insights into its size, scope, and impact on GDP growth and overall economic performance in 2017.
Argentina is the 3rd largest soybean producer worldwide with a harvested area of 17.4 million hectares in 2020.
The statistic indicates that Argentina holds the rank of the third-largest soybean producer worldwide as of 2020, with a substantial harvested area of 17.4 million hectares dedicated to soybean cultivation. This showcases Argentina’s significant role in the global soybean market, highlighting its large-scale agricultural production capabilities in this particular crop. The size of the harvested area suggests a substantial investment in soybean farming infrastructure and resources within the country, emphasizing Argentina’s importance in meeting international demand for soybeans and its influence on global agricultural commodity markets.
Argentina is the world’s 10th largest oil producer, producing about 489,000 barrels per day in 2019.
The statistic “Argentina is the world’s 10th largest oil producer, producing about 489,000 barrels per day in 2019” highlights Argentina’s significant contribution to global oil production. By ranking 10th in the world, Argentina plays a crucial role in meeting global energy demands and maintaining oil market stability. Producing approximately 489,000 barrels per day in 2019 demonstrates the country’s capability to extract and supply a substantial volume of oil to both domestic and international markets, indicating its potential influence on global oil prices and energy security. This statistic emphasizes Argentina’s position as a key player in the international oil industry and underscores the importance of its oil production activities on a global scale.
In 2019, Nuclear energy made a 4.2 % contribution to the total energy production of Argentina.
The statistic indicates that in 2019, nuclear energy accounted for 4.2% of Argentina’s overall energy production. This suggests that a relatively small but significant portion of the country’s energy needs were met by nuclear power generation. The use of nuclear energy could signify a diversification of Argentina’s energy sources beyond traditional fossil fuels, potentially leading to benefits such as reduced greenhouse gas emissions and increased energy security. Additionally, the statistic highlights Argentina’s commitment to nuclear energy development and suggests a potential for further expansion of nuclear power capacity in the future.
Cereal production stood at around 50 million metric tons in 2020 in Argentina.
The statistic ‘Cereal production stood at around 50 million metric tons in 2020 in Argentina’ indicates the total amount of cereals, including grains such as wheat, corn, and barley, that were produced in Argentina during the year 2020. This statistic provides insight into the significant agricultural output of Argentina in the cereal sector, highlighting the country’s role as a major player in global food production. The quantity of 50 million metric tons serves as a measure of Argentina’s agricultural productivity and contributes to the country’s economy through exports and domestic consumption. It also reflects the importance of cereals as a key component of Argentina’s agricultural industry and overall food security.
Argentina’s technology and software industry comprises around 5,400 companies.
The statistic that Argentina’s technology and software industry comprises around 5,400 companies indicates the significant presence of technology and software businesses within the country. This number reflects a diverse and growing sector that plays a crucial role in driving innovation, creating job opportunities, and contributing to economic growth. The presence of a large number of companies suggests a competitive landscape in which businesses are actively developing and offering technology and software products and services. Additionally, this statistic highlights the potential for further expansion and investment in Argentina’s technology industry, indicating a promising environment for the development of the country’s digital economy.
In 2020, the construction industry in Argentina was valued at 6.5 billion U.S. dollars.
The statistic indicates that in the year 2020, the total value of the construction industry in Argentina amounted to 6.5 billion U.S. dollars. This figure represents the overall financial worth of construction activities such as building new structures, infrastructure development, and renovations that took place in Argentina during that year. The value of the construction industry serves as a significant economic indicator, reflecting the level of investment, growth, and activity within the construction sector of the country. Additionally, it provides valuable insights into the overall health and performance of the economy, as construction is a crucial component of a nation’s infrastructure development and overall economic progress.
3.2% of Argentina’s GDP came from the mining industry in 2019.
The statistic ‘3.2% of Argentina’s GDP came from the mining industry in 2019’ indicates that the mining sector contributed 3.2% towards the total economic output of Argentina for that year. This figure represents the proportion of the country’s Gross Domestic Product that can be attributed to mining activities, such as extraction and processing of minerals and metals. The mining industry’s contribution to GDP is important for understanding the sector’s economic significance and its impact on the overall economy of Argentina. A higher percentage would suggest a greater reliance on mining activities for economic growth, employment, and revenue generation, while a lower percentage reflects a relatively smaller contribution from this sector compared to other industries in the country.
Argentina is the world’s second-largest lithium producer, and lithium production rose to 7,800 tons in 2019.
This statistic highlights Argentina’s significant role as the world’s second-largest producer of lithium, a key component in the production of batteries for electric vehicles and other electronic devices. The increase in lithium production to 7,800 tons in 2019 reflects the country’s growing importance in the global market for renewable energy technologies. This rise in production could be driven by increasing demand for electric vehicles and energy storage solutions, as well as Argentina’s abundant lithium reserves. The country’s position as a major player in the lithium market may have economic implications, providing opportunities for growth and investment in the renewable energy sector.
The textile and clothing industry of Argentina is estimated to employ 420,000 people, representing around 13% of the country’s manufacturing jobs.
The statistic indicates that the textile and clothing industry in Argentina plays a significant role in the country’s economy by providing employment to approximately 420,000 individuals, accounting for approximately 13% of the total manufacturing jobs in the nation. This highlights the industry’s substantial contribution to job creation and economic growth, demonstrating its importance as a major employer in Argentina. The high employment rate within the sector suggests its capacity to generate income and support livelihoods for a significant portion of the population, emphasizing its significance in driving economic activity and sustaining the workforce in Argentina.
Argentina’s electronic goods industry grew by 37% in 2017.
The statistic “Argentina’s electronic goods industry grew by 37% in 2017” indicates a significant positive change in the business performance of the electronic goods industry within Argentina over the course of that year. A growth rate of 37% suggests that the industry experienced a substantial increase in production, sales, or revenues compared to the previous period, indicating a strong and healthy market demand for electronic goods. This growth could be attributed to various factors such as increased consumer spending, technological advancements, favorable economic conditions, or government policies that supported the industry. Overall, this statistic portrays a promising outlook for the electronic goods sector in Argentina during the specified time period.
The cosmetics market in Argentina saw a growth rate of 2.5% in 2018.
The statement “The cosmetics market in Argentina saw a growth rate of 2.5% in 2018” indicates that the cosmetics industry in Argentina experienced a positive change in its overall market size or sales over the course of the year 2018. Specifically, the market grew by 2.5% from its previous size. This growth rate provides valuable information about the trajectory and health of the cosmetics sector in Argentina, showing a moderate increase in consumer demand and sales within the industry. It suggests that consumers in Argentina may have been more willing to spend on cosmetics products in 2018 compared to the previous year, which could be attributed to factors such as changing consumer preferences, economic conditions, marketing strategies, or product innovations in the market.
In 2020, Argentina’s agricultural industry contributed over 7% of the national GDP.
The statistic stating that in 2020, Argentina’s agricultural industry contributed over 7% of the national GDP indicates the significant economic importance of agriculture in the country. This sector plays a crucial role in the overall economic performance of Argentina, as it not only contributes directly to the GDP but also influences other related industries like food processing, transportation, and export trade. The percentage of GDP attributed to agriculture also serves as a key indicator of the sector’s growth and potential impact on the economy. Furthermore, this statistic highlights the prominence of Argentina as an agricultural powerhouse with vast farmlands and a strong export-oriented farming industry, shaping both domestic and global market dynamics.
Argentina’s steel production reached 5.3 million metric tons in 2019.
The statistic that Argentina’s steel production reached 5.3 million metric tons in 2019 reflects the total amount of steel that was manufactured within the country during that year. This figure provides a quantitative measure of the country’s industrial output and economic activity in the steel manufacturing sector. A high volume of steel production can indicate a growing economy, increased infrastructure development, and strong demand for steel products both domestically and internationally. Analyzing trends in steel production over time can offer valuable insights into the overall economic health and competitiveness of Argentina’s industrial sector.
References
0. – https://www.data.worldbank.org
1. – https://www.tradingeconomics.com
2. – https://www.www.just-style.com
3. – https://www.www.investopedia.com
4. – https://www.www.statista.com
5. – https://www.globant.com
6. – https://www.www.eia.gov
