Business

Economy concentration grows and big companies take 20% of production

Argentine economy underwent a process of production concentration during Mauricio Macri’s government, according to a report by the National Institute of Statistics and Census (Indec). The top 500 Argentine companies went from applying 18.3% of gross value added, during 2015, to 20% during 2018. They also registered a growth in foreign participation whose capital jumped from 75.3% to 78.6% in the same period, while there was also deindustrialization.

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Source: BAE Negocios