Economy of Argentina

Argentina is the richest country among all Latin American nations. Per capita GDP is (2008 estimate): $8,220. The economic conditions in Argentina have improved vastly since the downfall of the Generals; Argentina is not a high inflation country any longer; indeed its currency, the Argentine peso, pegged to the American dollar, is one of the stablest currencies in South America. Annual growth rate (2008) is +7%. Mining, agriculture and manufacturing sector provides major revenue to this nation. Close co-operation between Argentine provinces along the border and their counterparts in Chile has created new opportunities for the tourist trade.



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