In 2021, the travel and tourism sector contributed almost 34 billion U.S. dollars to the gross domestic product (GDP) of Argentina. This represents a rise of roughly 39 percent versus the previous year's figure. Due to the travel restrictions imposed in 2020, Argentina's main international airports registered only 630 thousand international inbound passengers in total.

Tourist Arrivals in Argentina increased to 420803 in October from 398476 in September of 2025. This dataset provides - Argentina Tourist Arrivals - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Forecast: Total Tourism GDP in Argentina 2024 - 2028 Discover more data with ReportLinker!

Between 2016 and 2019, the expenditure of outbound tourism in Argentina represented over *** percent of the country's gross domestic product (GDP). However, this figure went down to only less than *** percent as a result of the coronavirus (COVID-19) pandemic. Inbound tourism expenditure, for its part, accounted for *** and *** percent of the Argentine GDP in 2020 and 2021.

The tourism sector GDP share in Argentina was forecast to continuously increase between 2023 and 2028 by in total *** percentage points. The share is estimated to amount to **** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Paraguay and Uruguay.

The coronavirus (COVID-19) pandemic caused the international tourism in Argentina to drop to more than ** percent in 2021 versus 2019 - which was even higher than the impact recorded in 2020. By contrast, domestic tourism in the South American country showed some signs of recovery in 2021, which also may have contributed to the similar development displayed by the contribution of the hospitality industry to Argentina's gross domestic product (GDP).

Travel services (% of service imports) of Argentina surged by 6.49% from 32.4 % in 2023 to 34.5 % in 2024. Since the 57.50% slump in 2021, travel services (% of service imports) soared by 238.25% in 2024. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.

In 2023, Mexico was the Latin American country with the largest total contribution of the travel and tourism sector to the gross domestic product (GDP), with over 260 billion U.S. dollars. Brazil was second on the list that year, as travel and tourism contributed approximately 104 billion U.S. dollars to its GDP.

The tourism sector GDP share in Chile was forecast to continuously increase between 2023 and 2028 by in total *** percentage points. The share is estimated to amount to ***** percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Paraguay and Argentina.

In 2017, the number of tourist arrivals from Argentina in Uruguay amounted to more than *** million, up from **** million arrivals in the year before. That year, the direct contribution of travel and tourism into the country's GDP added up to **** percent.

Due to the COVID-19 pandemic, the tourism revenue in Mexico had decreased by more than ** percent as of September 2020, based on a year-over-year comparison. Meanwhile, the country’s international tourism volume plummeted by nearly ** percent. Consequently, the tourism contribution to the Mexican GDP dropped by more than ** percent in the second quarter of that year. In the 2010s, this sector accounted for over eight percent of the North American country's GDP .

Mexico’s tourism GDP

In the years prior to the COVID-19 pandemic, the tourism sector contributed more than *** trillion Mexican pesos to Mexico’s GDP. Based on exchange rates of December 31, 2019, this amount equaled around ** billion U.S. dollars. Out of the several economic activities related to this sector, accommodation and foodservice stand out as its most important segments, with both accounting for over ** percent of the Mexican tourism GDP. In 2019, there were approximately ** thousand foodservice establishments and ** thousand hotels operating in the Latin American country.

International tourism in Mexico

Mexico is by far the leading tourism destination in Latin America. Its combination of beautiful beaches, authentic cuisine, and indigenous history attracts millions of tourists every year. In 2019, this country welcomed *** times more international visitors than Argentina, which was the second most popular Latin American tourism destination among foreign travelers that year. Mexico is also the country with the highest international tourism receipts in the region.

34,1 (%) in 2024. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.

The number of international visitor arrivals in Panama was close to *********** in 2022, after having plummeted in the previous two years due to the COVID-19 impact on tourism worldwide. Before the pandemic, the country had more than *** million arrivals by foreign visitors.

On the right path

Panama received a Travel & Tourism Competitiveness Index (TTCI) score of *** out of seven points in 2019. The Central American country ranked ****** in Latin America and the Caribbean, shortly trailing Mexico, Brazil, and Costa Rica. The index measures how attractive a country is to developing business in that sector. In that year, the travel and tourism policy and enabling conditions were the country’s highest-rated sub-index, with a score of ***. However, the overall Panamanian 2019 TTCI score was the lowest recorded since 2013.

Cash cow

As a small but highly international travel hub, Panama’s tourism sector is mostly driven by foreign visitors. In 2019, the ************ nation ranked for the third largest expenditure generated by international visitors in the region, outperforming other major destinations like Brazil, Argentina, and Colombia. Inbound tourism spending represented around ** percent of the country's GDP throughout the ***** —an economic activity that was nonetheless severely affected by COVID-19. As an early-2021 forecast projects, the entire Panamanian tourism sector would need around five years to recover from the effects of that global health crisis.

Argentina AR: BOP: Current Account: Exports: Service: Travel: % of Service Exports data was reported at 34.054 % in 2023. This records an increase from the previous number of 24.099 % for 2022. Argentina AR: BOP: Current Account: Exports: Service: Travel: % of Service Exports data is updated yearly, averaging 36.958 % from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 62.402 % in 1998 and a record low of 4.111 % in 2021. Argentina AR: BOP: Current Account: Exports: Service: Travel: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Argentina AR: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 32.433 % in 2023. This records an increase from the previous number of 26.211 % for 2022. Argentina AR: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 36.951 % from Dec 1976 (Median) to 2023, with 48 observations. The data reached an all-time high of 50.661 % in 1993 and a record low of 10.211 % in 2021. Argentina AR: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.