Argentina
Home > South America > Argentina > Argentina Overview > The Economy of Argentina: Today
Page Rating
Content Quality:

Page Importance:
Author Pick:
Close Map

Book a Hotel or Hostel

Hotels Hostels & Budget
Country

City

Check in Date

Check out Date

Number of Rooms
Adults
Children



Top Argentina
Contributors

The Economy of Argentina: Today

The Argentine economy is very different from that of only a few years ago when the country underwent an extreme economic crisis. A recession that began in 1999 and was enhanced by significant capital flight and high unemployment erupted in 2001 when the country suffered one of its worst ever economic crises. Economic problems triggered some violent social demonstrations and unrest throughout 2001 and 2002. High budget deficits, significant levels of debt and increasing inflation all accumulated and in 2002 the government was forced to end the one-to-one parity between the Argentine peso and the dollar. This move damaged the economy and devastated the national GDP. Almost 60% of Argentineans fell beneath the poverty line as wages failed to keep pace with spiraling inflation and savings were devastated.

Argentina implemented various internationally administered restructuring programs to rectify the country’s economic woes although in 2006 inflation again rose and hit double figures. The government of Nestor Kirchner undertook various economic measures to halt the economic crisis and many policies have succeeded in bringing growth back to Argentina although approximately a quarter of population remains below the poverty line.

Argentina has developed a healthy export industry especially in the agricultural sector where sunflower seeds, soy produce, lemons, grapes, corn, tobacco, tea, wheat and livestock provide important national revenue. Argentinean wines and beef are also well renowned, valuable industries. Argentina also has economically valuable natural resources and exports petroleum and gas. The current unemployment rate is estimated to be 8.9% and GDP per capita is $13,000. Public debt as a percentage of GDP stands at 59%.

To read about the history of Argentina's economy click here.

 

Here are some related tips to help plan your trip to Argentina: The Economy of Argentina: History, Politics and The Economy of Argentina: Introduction.








19 Mar 2008




Mapa
View Argentina Map
+ VIVA on Google +




South America | Central America and Mexico | Antarctica |
Advertise | Anúnciese | Jobs | Alliances | Alianzas | Terms of Use | Contact Us | About Us | Blog | Administradores |
You must register as an owner for access to these listing tools and benefits.

Notification of new reviews: receive your latest reviews by e-mail

Customized request-a-review link: encourage guests to spread the word about your property

Our owners' newsletter: stay informed about our latest tools and benefits for you

User login

Enter your username and password here in order to log into the website:

Login
 

Create a new V!VA account

Forgot Password