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Tracing Buenos Aires Economic Structure Through Sector Shares and Recent Output Figures
Official records outline the City of Buenos Aires service-led composition alongside 2023 output changes and provincial employment indicators that together mark the path to present conditions.
How we reported this
The City of Buenos Aires economy shows services accounting for 73 percent of GDP, alongside commerce and manufacturing, with financial, real estate, technology and cultural activities within services supporting one of the highest per capita GDPs in Argentina.
Path to 2023 Output Levels
In 2023 the Geographical Gross Product of the City of Buenos Aires increased by 1.6 percent in constant values. Service production rose 2.3 percent while goods production fell 0.9 percent. These figures indicate how the city reached its latest recorded position after a year in which services offset the contraction in goods output.
Provincial Scale and Industrial Weight
Buenos Aires Province accounts for over one-third of Argentina's total GDP and exports. It contributes approximately 50 percent of the country's industrial activity and 35 percent of national exports, with agroindustry, automotive and petrochemicals as key sectors. This provincial base supplies context for the city-level results by showing the wider regional framework in which CABA operates.
Popular Economy Share in 2021
The Popular Economy in CABA represented 23.5 percent of the economically active population in 2021. Occupations in this segment include street vendors, cleaners, textile workers and construction laborers, with 70.6 percent earning below the minimum wage. These details illustrate one component of the labor market that has formed part of the city's economic profile.
Trade Balance and Employment Indicators
CABA recorded a USD 142 million commercial surplus in January after 14 consecutive months of positive balances. Buenos Aires Province maintains a 42.1 percent employment rate yet registers poverty levels at 38.9 percent, above the national average. Together these measures show the mixed indicators that define the current economic setting.
Reports from the City of Buenos Aires and provincial sources continue to supply the data points that track these patterns forward. Residents and businesses can review the cited official documents for further detail on sector shares and output changes.