How Much Money Does Argentina Make From Tourism?

By Michael Ferguson

Argentina is a beautiful country located in South America, known for its diverse landscapes, vibrant culture, and warm hospitality. It is no surprise that the tourism industry in Argentina is thriving, making a significant contribution to the country’s economy. In this article, we will explore just how much money Argentina makes from tourism.

Overview of Tourism in Argentina

Argentina has been a popular tourist destination for years. According to the World Tourism Organization (WTO), the country received over 7 million international tourists in 2019 alone. The country’s diverse geography offers something for everyone – from the snow-capped Andes mountains to the stunning Iguazu Falls; from bustling Buenos Aires to the serene wine regions of Mendoza.

Contribution of Tourism to Argentina’s Economy

The tourism industry is one of the most important sectors of Argentina’s economy. According to the National Institute of Statistics and Census (INDEC), tourism contributed USD 5.1 billion to Argentina’s GDP in 2019 – a significant increase from USD 4.4 billion in 2018.

This sector also creates jobs for millions of Argentinians directly and indirectly. In 2019, over 500,000 people were employed in tourism-related activities across various sectors such as hotels, restaurants, transportation, and travel agencies.

Top Tourist Destinations in Argentina

Argentina has several tourist destinations that attract visitors from all over the world. Some of these destinations include:

  • Buenos Aires – The capital city is known for its vibrant cultural scene and rich history.
  • Iguazu Falls – One of the world’s largest waterfalls, located on the border between Brazil and Argentina.
  • Mendoza – A province famous for its wine regions and outdoor activities such as hiking and skiing.
  • Patagonia – A region located in the southern part of Argentina, known for its stunning landscapes and wildlife.

Future of Tourism in Argentina

Despite the impact of the COVID-19 pandemic on the tourism industry worldwide, Argentina is optimistic about the future of its tourism sector. The country is taking steps to promote sustainable tourism and attract visitors from all over the world.

In conclusion, tourism is a crucial sector of Argentina’s economy, contributing significantly to its GDP and creating jobs for millions of people. With its stunning landscapes, rich culture, and warm hospitality, it is no surprise that Argentina continues to be a popular tourist destination.