Country Profile

Argentina or Argentine Republic is the second largest country in South America, after Brazil. It is surrounded by the Andes Mountain in the west and the Atlantic Ocean in the east. It is known to be Latin America’s third largest economy with a high rating in the Human Development Index and a market-oriented economy with an export-oriented agricultural sector. In Latin America, this country is believed to have the fifth highest nominal GDP per capita and the highest in purchasing power. Argentina came from a long history of colonialization and its culture was deeply influenced by Spain.

Despite, being among the top economic powers in Latin America, a high inflation rate can also be noted since the country enjoys a relatively more stable economy than other countries in the region. It is considered to be one of the G20 countries and as an upper-middle income or secondary emerging market by the World Bank.

Country Facts

Poverty Headcount Ratio at National Poverty line (percent of pop) No Data
Life Expectancy at Birth, total (years) 79 (2009)
Literacy Rate, adult total (percent of people aged 15 and above) 98% (2008)
External Debt Stocks (percent of GNI) 40.9% (2009)
GNI per capita (current US $) $8,450 (2009)
GDP annual growth (percent) 9.2 % (2010)
Inflation Consumer Prices (annual percent) 6.3% (2009)
Population, total 40,665,732
Rural Population (percent of total pop) 8% (2009)
Net ODA Received (percent of central government expenditure) 0.0
(source: WB data)

(Taken from OECD 2011)


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