INSUBCONTINENT EXCLUSIVE:
and notable challenges.Services, livestock, and construction drove this growth, while manufacturing, agriculture, and energy generation
faced setbacks that moderated the overall economic momentum.The services sector played a pivotal role, with gains in financial services,
trade, transportation, real estate, and hospitality
This growth reflects increased consumer activity and rising domestic demand.Livestock also contributed positively, with higher slaughter
rates for cattle, pigs, and poultry, alongside modest increases in milk and egg production
Construction activity surged as both private and public infrastructure projects accelerated during the year.However, manufacturing saw mixed
Declines in oil processing, paper products, dairy goods, and baked items offset gains in meat production, beverages, textiles, and
(Photo Internet reproduction)Agriculture faced challenges earlier in the year but ended on a positive note due to strong harvests of
soybeans, wheat, rice, cotton, and yerba mate
GDP reached $42.96 billion in 2024, with per capita income rising to $6,415.Services dominated the economy at 39% of GDP, followed by
industry (25%) and agriculture (21%)
Reducing reliance on agriculture and energy exports is crucial, while also addressing climate-related risks.
