Argentinian automotive industry's added value to GDP 2017-2023
the country's gross domestic product (GDP), down from over four billion pesos a year earlier. Despite a recovery in the third and fourth quarters of 2020, the total 2020 added value of almost 11 billion pesos represented a year-on-year drop of 29.5 compared to 2019's total. By 2022, the sector had recovered, reaching an added value of some 5.6 billion Argentine pesos in the fourth quarter of 2022.
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 just under 1.4 billion Argentine pesos to