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| Government Type |
republic |
| Legal System |
mixture of US and West European legal systems; has not accepted compulsory ICJ jurisdiction |
| Currency |
Argentine peso (ARS) |
| Economic Overview |
Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Over the past decade, however, the country has suffered recurring economic problems of inflation, external debt, capital flight, and budget deficits. Growth in 2000 was a negative 0.8%, as both domestic and foreign investors remained skeptical of the government's ability to pay debts and maintain the peso's fixed exchange rate with the US dollar. The economic situation worsened in 2001 with the widening of spreads on Argentine bonds, massive withdrawals from the banks, and a further decline in consumer and investor confidence. Government efforts to achieve a "zero deficit", to stabilize the banking system, and to restore economic growth proved inadequate in the face of the mounting economic problems. The peso's peg to the dollar was abandoned in January 2002, and the peso was floated in February; the exchange rate plunged and inflation picked up rapidly, but by mid-2002 the economy had stabilized, albeit at a lower level. Output was 14.7% below the previous year's figure, and unemployment remained high at 21.5%. |
| Natural Resources |
fertile plains of the Pampas, lead, zinc, tin, copper, iron ore, manganese, petroleum, uranium |
| Primary Industries |
food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel |
| Agricultural Products |
sunflower seeds, lemons, soybeans, grapes, corn, tobacco, peanuts, tea, wheat; livestock |
| Import Commodities |
machinery and equipment, motor vehicles, chemicals, metal manufactures, plastics |
| Export Commodities |
edible oils, fuels and energy, cereals, feed, motor vehicles |
| Export Partners |
Brazil 26.5%, US 11.8%, Chile 10.6%, Spain 3.5% (2000) |
| AIRPORTS of Argentina |
| MINISTRO PISTARINI INTERNATIONAL AIRPORT, EZEIZA |
The airport is located at Ezeiza, 35km (21 miles) southwest of central Buenos Aires |
Detals |
| Buenos Aires - Don Torcuato International Airport |
International, Position 34°29´52"S, 058°36´16"W, Elevation 5m (16ft) |
Detals |
| Cordoba - Ambrosio l y Taravella Airport |
International, Near Córdoba, Position 31°19´25"S, 064°12´29"W, Elevation 489m (1,604ft) |
Detals |
| Mendoza-El Plumerillo Airport |
International, Near Mendoza, Position 32°49´54"S, 068°47´34"W, Elevation 704m (2,309ft) |
Detals |
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