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Argentinian airports crowded in midst of economic repellents

Argentinian airports crowded in midst of economic repellents

Posted by PanamericanWorld on February 20, 2014

Despite being faced with extreme inflation above 25% last year that led to price controls on 175 supermarket products, an unemployment rate of 7.3% (third highest in Latin America) and plunging international reserves that forced the government to lift the exchange control regime, Argentinian airports saw 2,384,660 passengers in January, representing +2.8% more than in the same period of 2013.

Even though travelers from abroad dropped (2.1)% to close the year at 1,067,785 passengers, local commercial flights carried 1,292,680 passengers, +7.7% more than in January 2013. Buenos Aires’ largest airport, Aeroparque Metropolitano, led the ranking with 881,789 passengers for a +7.7% increase, followed by Ezeiza, also in the capital, which reported +3% growth to reach 811,955 passengers. Córdoba and Mendoza followed, with 144,038 and 105,624 passengers, respectively.

According to the latest World Travel & Tourism Council (WTTC) estimations, T&T directly contributed AR $74.1B, or 3.5% of 2012’s GDP, and 605,000 jobs, or 3.4% of total employment. Including T&T investment spending, government collective T&T spending, supplier purchases, direct and indirect employee spending on food & beverages, recreation, clothing, housing and household goods, the contribution of T&T reached AR $209.5B (10.0% of GDP) and 1,678,000 jobs (9.5% of total workforce) in 2012. Regarding investment, T&T contributed AR $32.3BMM inflows in 2012, or 7.0% of total investment, which is expected to reach AR $52.2B (7.3% of the total) by 2023.

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