Argencon, the organization that brings together the leading companies in the Knowledge Economy sector, has released its Argenconomics report, analyzing the sector’s performance between July 2023 and June 2024. During these 12 months, Argentina underwent a drastic economic transition, marked by the 2023 electoral process, the inauguration of a new government, and the implementation of a new economic policy. This shift introduced significant corrections in relative prices, along with regulatory and operational reforms across the economy.
Due to these fluctuations, nominal values should be analyzed with special caution, and their results should not be projected linearly into the coming quarters, particularly as key aspects of the new policy are still in the process of implementation.
Regarding statistical data from this period, the main conclusion is that both export levels and employment remained stable—an indication of the sector’s resilience during such a volatile period.
Total exports reached USD 7.831 billion, representing a 1.4% decrease compared to the same period the previous year. However, the second quarter of 2024 saw a notable 8.7% increase, signaling a recovery after previous quarters of negative trends.
Globally, knowledge-based service exports grew 8.6% in 2023, according to WTO data. However, Argentina’s share in the global market declined to 0.23%, dropping to 43rd place in the ranking, compared to its 0.37% share in 2010. This decline reflects the impact of years of macroeconomic instability on the country’s competitiveness.
“The Knowledge Economy is essential for Argentina’s development. It is therefore critical to continue advancing measures to stabilize the macroeconomy and reduce the country’s cost asymmetries—key conditions for enhancing the sector’s global competitiveness,” stated Luis Galeazzi, Executive Director of Argencon.
The report also highlights the strategic opportunity presented by artificial intelligence (AI), particularly with the implementation of the new Incentive Regime for Large Investments (RIGI). This program aims to position Argentina as a global hub for disruptive technologies, complementing the benefits established by the Knowledge Economy Law.
