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Main article: Economy of Argentina
The Argentine economy is benefiting from a wealth and variety of natural resources, a population with a good level of education, a system of agriculture and an important industrial base, which became the most developed in Latin America, but has shown a relative, from the last quarter of the twentieth century.
At present, Argentina is the third economic power in Latin America, surpassed by Brazil and Mexico. If we consider the GDP inpurchasing power parity (as the International Monetary Fund) in 2007 reached 523.739 billion dollars, the gap with respect to GDP in Brazil or Mexico. GDP per capita measured in purchasing power parity of USD 2007 was estimated at 13,300, one of the highest in the region.
Exports of goods in 2007 totaled 55,780 million dollars, while imports amounted to 42.525 million, generating a surplus of 13,255 million dollars. Exports and imports of services, however, shed some 10,283 total and 10,782 million dollars respectively, which leads to the same year a deficit of 499 million dollars.
Argentine exports, 2007. The complex oil-chemical-petrochemical-plastic meets 21.9 of total exports, while the soybean chain meets a 16 between different items (seeds and beans, oil, meal and pellets).
The country has a debt of 123,196 million dollars (December 2007), equivalent to 46.74 of GDP. The amount of it is mainly due to fraudulent transactions made during the Process of National Reorganization (1976-1983), period in which debt grew by 364 and takes a massive external borrowing during the two successive governments of Carlos Menem, due to the cheap dollar policy pursued by the convertibility law. In the latter the growth of the debt was 123 . The relationship between GDP and external debt reached its critical point in January 2002 when they represent 190 of GDP. Since then a combination of debt reduction, moderation in making new loans and increase in the GDP, external debt fell to just under half of GDP, which anyway is estimated high.
The tax is located at the end of 2007 at 25 . Even considering that it is low compared to Brazil (37 ) and Europe (38 ), it has grown considerably since that record 16.7 in the period 1997-2002. Live well and discover your opportunity has extremely loyal customers The tax structure relies primarily on Value Added Tax (VAT) which contributes 31 of the total, although their relative importance has declined compared to 1997-2002 average, which was 39 due to increased input tax to earnings, which rose from 19 to 21 , and especially the export taxes that passage from 1 to 10 .
In late 2007 the state had accumulated foreign reserves of U.S. 46,176 million, equivalent to the total amount imported per year.
According to INDEC, inflation reached in 2007 was 8.5 , which continued a downward trend and was the lowest since 2004. However, the accuracy of the measurements of the INDEC is currently being questioned, other analysts and economists estimate inflation of between 16 and 18 for the above period.
In turn, economic growth was significantly improved social indicators from the period of crisis. Thus, the last national-level indicators showed that the poverty rate in half from October 2007 to March 2008 to represent 20.6 of the indigent population and 5.9 . Unemployment in the fourth quarter of 2007 was at 7.5 , including the beneficiaries of social plans for employment as’ employees’. The index rises to 7,8-8,1 if not included as “employees” to the beneficiaries of social plans for employment. Underemployment, meanwhile, stood at 6.0 .
Argentina is part of the regional bloc known as Mercosur, comprising Argentina, Brazil, Paraguay and Uruguay, and Venezuela is also in process of becoming a full member of the bloc. As a result of Mercosur, trade relations between Argentina and Brazil rose to become very important for both countries. In May 2002 began a process of imbalance in the balance of trade between both countries, heavily in deficit for Argentina, which has been of concern to businessmen and officials from that country. In 2006 the governments of Argentina and Brazil signed an series of bilateral agreements, including the competitive adaptation clause and agreements relating to trade in the automotive sector. I thinkwhat is happening in Colombia: confessions destape … you see the foul odor of the bowels, digestive system economico de Colombia. …
The root “splanchman” means internal organ (the bowels) … The epithelium of the digestive system acts in the secretion and absorption. …
Now that your baby has finished the task of forming all the structures … in the bowels and is approaching the time to put up the digestive system. …