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Buenos Aires Services Sector Drives City Economic Growth, Data Shows
Data from government sources detail the weight of services, trade and revenue trends in the Ciudad Autónoma de Buenos Aires.
How we reported this
Official data show the services sector accounting for 73 percent of the Producto Geográfico Bruto in the Ciudad Autónoma de Buenos Aires, with commerce and manufacturing together generating more than 81 percent of billing.
Production Trends Recorded in 2023
In 2023 the PBG of the Ciudad Autónoma de Buenos Aires rose 1.6 percent in constant values. The increase came from a 2.3 percent rise in services production while goods production fell 0.9 percent. These figures appear in the Panorama Económico de la Ciudad report issued by city authorities.
The same report places the services expansion as the main driver behind the overall result. Commerce and manufacturing remain the next largest contributors to total billing, together exceeding 81 percent.
Own-Source Revenue Figures for 2024
Recaudación por fuente propia reached 8.703.576 millones de pesos constantes in 2024. This total marked an 18 percent real decline compared with the same period of 2023, according to the Enero report published on the city government site.
The reduction reflects the recorded movement in locally collected funds after adjustment for constant prices.
National Trade Balance Data for January 2025
Argentina recorded a commercial surplus of USD 142 million in January 2025. Exports stood at USD 5.890 millones, up 9.1 percent year on year, while imports totalled USD 5.748 millones. The figures come from the Memoria review published by the Facultad de Humanidades y Ciencias de la Educación at Universidad Nacional de La Plata.
Buenos Aires province, which holds the largest economic share in the country, concentrated 35 percent of national exports and 40 percent of total fiscal resources, with noted activity in agroindustry and the automotive sector, per the Economía de la ciudad de Buenos Aires entry.
These reports from city and national sources provide the quantitative record officials and analysts use to assess current conditions. Further updates on the same indicators are expected in subsequent official releases.