Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Although one of the world's wealthiest countries 100 years ago, Argentina suffered during most of the 20th century from recurring economic crises, persistent fiscal and current account deficits, high inflation, mounting external debt, and capital flight. A severe depression, growing public and external indebtedness, and a bank run culminated in 2001 in the most serious economic, social, and political crisis in the country's turbulent history. Interim President Ad... More..
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SOURCE: CIA - The World Factbook | |
Currency | Peso |
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Fiscal Year | 01 January - 31 December |
GDP (PPP) | $558 billion (2009 est.) |
GDP (per capita) | $13,800 (2009 est.) |
Exports | $55.7 billion (2009) |
Imports | $38.71 billion (2009 est.) |
Main Industries | Food Processing, Motor Vehicles, Consumer Durables, Textiles, Chemicals and Petrochemicals, Printing, Metallurgy, Steel |
Exports - Commodities | Soybeans and Derivatives, Petroleum and Gas, Vehicles, Corn, Wheat |
Imports - Commodities | Machinery, Motor Vehicles, Petroleum and Natural Gas, Organic Chemicals, Plastics |
Exports Partners | Brazil 18.9%, China 9.1%, US 7.9%, Chile 6.7%, Netherlands 4.2% (2008) |
Imports Partners | Brazil 31.3%, China 12.4%, US 12.2%, Germany 4.4% (2008) |
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