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Argentina

Facts and stats about Argentina

Author: Edsel.G

Author: Edsel.G

Argentina, with a land area close to three million square kilometers, is the 8th largest nation in the world. It is also among the most developed countries classified as a middle emerging economy.

Argentina is rich in biodiversity, largely due to the fact that the massive land area extends from the warm equator to the colder regions of the Arctic; thus, allowing for the existence of varied flora and fauna. The South American country is also rich in natural resources which allow it to bolster its economic growth.

Historically, Argentina was always a highly influential country. In the first part of the 20th century, Argentina was the seventh richest in the world. However, its economic might and global affluence fell sharply later. This economic and political turmoil within Argentina forced the Argentine leaders then to invade the Falklands, hoping to get the country and its people in order again. Unfortunately, they lost the war to the British, which led to the boiling discontent of the populace which, in turn, led to the downfall of the military junta, under the leadership of General Leopoldo Galtieri.

Currently, Argentina is a member of the G-20, an organization of the world’s twenty richest countries. With a ‘very high’ Human Development Index, the South American country is set to even improve its economic status.

42.61 million

Population. Ranked 32nd in 2013.

$11,452.13

GDP per capita. Ranked 54th in 2012.

Borders

Bolivia 832 km, Brazil 1,261 km, Chile 5,308 km, Paraguay 1,880 km, Uruguay 580 km
Largest city Buenos Aires (city) - 3,000,000; (metro) - 12,000,000
Capital city Buenos Aires (city) - 3,000,000; (metro) - 12,000,000
Major language Spanish
Major religion Christianity
Monetary unit Argentine peso
Alternative names Argentine Republic, Argentina, Republica Argentina
Groups Catholic countries, Christian countries, Emerging markets, Former Spanish colonies, Latin America and Caribbean, Sparsely populated countries, World

Argentina Map

2.74 million sq km

Sq. km. Ranked 9th in 2008.

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Argentina, with a land area close to three million square kilometers, is the 8th largest nation in the world. It is also among the most developed countries classified as a middle emerging economy.

Argentina is rich in biodiversity, largely due to the fact that the massive land area extends from the warm equator to the colder regions of the Arctic; thus, allowing for the existence of varied flora and fauna. The South American country is also rich in natural resources which allow it to bolster its economic growth.

Historically, Argentina was always a highly influential country. In the first part of the 20th century, Argentina was the seventh richest in the world. However, its economic might and global affluence fell sharply later. This economic and political turmoil within Argentina forced the Argentine leaders then to invade the Falklands, hoping to get the country and its people in order again. Unfortunately, they lost the war to the British, which led to the boiling discontent of the populace which, in turn, led to the downfall of the military junta, under the leadership of General Leopoldo Galtieri.

Currently, Argentina is a member of the G-20, an organization of the world’s twenty richest countries. With a ‘very high’ Human Development Index, the South American country is set to even improve its economic status.

Posted on 06 Apr 2014

Edsel.G

Edsel.G

246

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10 years after it failed to settle a lot of foreign debts, Argentina is confronted by another financial disaster which observers believe is caused for the most part by ill-advised economic policies. The economy has become stronger during the presidency of Cristina Fernandez de Kirchner. However, inflation has rocketed and economic forecasters expect this to reach 30 percent before 2014 ends. On the other hand, consumer prices leaped to 28 percent in 2013. The Argentine Peso dropped by 11 percent against the US Dollar which is the sharpest fall since the financial meltdown in 2002.

The government said that it would loosen stringent controls for foreign exchange after the fall of the national currency. The tax rate would be reduced for dollar purchases while purchase of dollars will be permitted for savings accounts. The Central Bank tried to support the declining currency in the course of loss of investor confidence but the bank dumped the policy causing the peso to nose-dive. Hence, investors will opt to put their money into the US dollar instead of the falling domestic currency.

Many citizens believe that their president wasted economic recovery by augmenting expenditures on profligate subsidies and financing the government to a certain extent by printing pesos. The chief executive also damaged the economy by fighting with private enterprises and investors. Two years ago, the nation set restrictions on the amount of pesos that can be converted into dollars. This only caused the black market to thrive and dented public confidence in government economic policies.

Argentina must start paying off its debts and to ensure lasting economic growth. It needs to discard trade limitations and restrictions on prices, recompense investors for assets that have been seized, and obey reporting regulations imposed by the International Monetary Fund.

Posted on 28 Mar 2014

jaacosta47

jaacosta47

285

0

I think there should be more facts about Argentina. there are a lot but there could be more. I think if you put more on here it would help a lot.

Posted on 06 May 2009

Sarah

Sarah

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