According to the Central Bank of the Argentine Republic (BCRA), in the third quarter of 2024, the manufacturing industry, mining and quarrying, and wholesale and retail trade stood out as the main sectors in terms of income from financial debt. These three sectors accounted for 72% of the total during that period.
The manufacturing industry generated the most income, reaching US$64.311 billion, 20% more than the previous year. This was followed by mining and quarrying with US$42.089 billion, showing a year-on-year increase of 24%. Finally, wholesale and retail trade, along with vehicle repair, obtained US$XX with an increase of 16%.
Regarding Foreign Direct Investment (FDI), a total of US$2.395 billion was recorded in the third quarter of 2024. This amount was distributed among reinvested earnings, capital contributions, income from debt transactions, and mergers and acquisitions. The main sectors receiving these flows were deposit-taking companies, mining and quarrying, and the manufacturing industry.
Spain was the country of origin that contributed most to FDI in Argentina with US$788 million, followed by Brazil and the United States. The latter also stood out as the main source of FDI in the country, with a stock of US$28.875 billion, representing 17% of total holdings.
In relation to financial debt, 71% of net income corresponds to the mining and quarrying sector, while the information and communications sector represented 17%. The capital income from FDI reached US$1.303 billion, reflecting a decrease of 39% compared to the previous year. Finally, the distribution of profits and dividends was US$152 million, indicating a year-on-year decline of 26%.
