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Argentina Economy
GDP:
purchasing power parity - $435.5 billion (2003 est.)
GDP - real growth rate:
8.7% (2003 est.)
GDP - per capita:
purchasing power parity - $11,200 (2003 est.)
GDP - composition by sector:
agriculture: 11.1%
industry: 34.8%
services: 54.1% (2003 est.)
Investment (gross fixed):
15.1% of GDP (2003)
Population below poverty line:
51.7% (May 2003)
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
13.4% (2003)
Labor force:
14.92 million (2003)
Labor force - by occupation:
agriculture NA, industry NA, services NA
Unemployment rate:
17.3% (2003)
Budget:
revenues: $26.62 billion
expenditures: $26 billion, including capital expenditures of NA (2003 est.)
Public debt:
65.7% of GDP (2003 est.)
Industries:
food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel
Industrial production growth rate:
16.2% (2003 est.)
Electricity - production:
97.17 billion kWh (2001)
Electricity - production by source:
fossil fuel: 52.2%
hydro: 40.8%
other: 0.2% (2001)
nuclear: 6.7%
Electricity - consumption:
92.12 billion kWh (2001)
Electricity - exports:
5.662 billion kWh (2001)
Electricity - imports:
7.417 billion kWh (2001)
Oil - production:
828,600 bbl/day (2001 est.)
Oil - consumption:
486,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
2.927 billion bbl (1 January 2002)
Natural gas - production:
37.15 billion cu m (2001 est.)
Natural gas - consumption:
31.1 billion cu m (2001 est.)
Natural gas - exports:
6.05 billion cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
768 billion cu m (1 January 2002)
Agriculture - products:
sunflower seeds, lemons, soybeans, grapes, corn, tobacco, peanuts, tea, wheat; livestock
Current account balance:
$7.855 billion (2003)
Exports:
$29.57 billion f.o.b. (2003 est.)
Exports - commodities:
edible oils, fuels and energy, cereals, feed, motor vehicles
Exports - partners:
Brazil 19.1%, Chile 10.7%, US 9.7%, China 7.7%, Spain 4.6% (2003 est.)
Imports:
$13.27 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and equipment, motor vehicles, chemicals, metal manufactures, plastics
Imports - partners:
Brazil 24.5%, US 21.5%, Germany 6.8%, Italy 4.3%, Spain 4.2% (2003 est.)
Reserves of foreign exchange & gold:
$14.16 billion (2003)
Debt - external:
$145.6 billion (2003 est.)
Economic aid - recipient:
$10 billion (2001 est.)
Currency:
Argentine peso (ARS)
Currency code:
ARS
Exchange rates:
Argentine pesos per US dollar - 2.9003 (2003), 3.0633 (2002), 0.9995 (2001), 0.9995 (2000), 0.9995 (1999)
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