Argentina Economy

Argentina Economy  | read this item

As it can be seen from the last year record, Argentina economy is making a big and quick progress. In the Classification of Economies based on the region and income criteria, Argentina is regarded as an upper middle-income country that is under Latin America and Caribbean region. This Classification was created by the World Bank in 2005.

The population of the country makes up 38.2 millions, as of 2004, that is to be compared to 37.9 millions in 2003. The average population growth rate amounts to 1 percent.

The life expectancy rate in Argentina is estimated as 74.5 years, as of 2003.

In the same year, the infant mortality rate per one thousand births made up 17.0.

The Gross National Income of Argentina (Atlas Method) amounted to 142.3 billions in 2004. The same figure per capita in the same year equaled 3,720.0.

The Gross Domestic Product was 151.5 billions in 2004 in comparison with 129.6 billions in 2003.

The GDP growth rate per year reached 9.0 percent in the year 2004 compared to negative value in 2000. Today the GDP grows very fast, in fact. However, during the period 2004—2008, the average figure of GDP growth rate was as low as 2.7.

Argentina is a party-member of the G-20.

Topics: Argentina Economy, gdp growth, gdp growth rate, gross domestic product, gross national income, population growth rate