*Argentina, Government
Senate:
last held May 1989, but provincial elections in late 1991 set the stage for
indirect elections by provincial senators for one-third of 46 seats in the
national senate in May 1992; seats (46 total) - JP 27, UCR 14, others 5
Executive branch:
president, vice president, Cabinet
Legislative branch:
bicameral National Congress (Congreso Nacional) consists of an upper chamber
or Senate (Senado) and a lower chamber or Chamber of Deputies (Camara de
Diputados)
Judicial branch:
Supreme Court (Corte Suprema)
Leaders:
Chief of State and Head of Government:
President Carlos Saul MENEM (since 8 July 1989); Vice President (position
vacant)
Member of:
AG (observer), Australian Group, CCC, ECLAC, FAO, G-6, G-11, G-15, G-19,
G-24, AfDB, G-77, GATT, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, IDA, IFAD, IFC,
ILO, IMF, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, IOM, ISO, ITU, LAES, LAIA,
LORCS, MERCOSUR, MINURSO, OAS, PCA, RG, UN, UNAVEM II, UNCTAD, UNESCO,
UNHCR, UNIDO, UNIKOM, UNOMOZ, UNPROFOR, UNTAC, UNTSO, UPU, WCL, WFTU, WHO,
WIPO, WMO, WTO
Diplomatic representation in US:
chief of mission:
Ambassador Carlos ORTIZ DE ROZAS
chancery:
1600 New Hampshire Avenue NW, Washington, DC 20009
telephone:
(202) 939-6400 through 6403
consulates general:
Houston, Miami, New Orleans, New York, San Francisco, and San Juan (Puerto
Rico)
consulates:
Baltimore, Chicago, and Los Angeles
US diplomatic representation:
chief of mission:
Ambassador James CHEEK (since 28 May 1993)
embassy:
4300 Colombia, 1425 Buenos Aires
mailing address:
APO AA 34034
telephone:
[54] (1) 774-7611 or 8811, 9911
FAX:
[54] (1) 775-4205
Flag:
three equal horizontal bands of light blue (top), white, and light blue;
centered in the white band is a radiant yellow sun with a human face known
as the Sun of May
*Argentina, Economy
Overview:
Argentina is rich in natural resources and has a highly literate population,
an export-oriented agricultural sector, and a diversified industrial base.
Nevertheless, following decades of mismanagement and statist policies, the
economy in the late 1980s was plagued with huge external debts and recurring
bouts of hyperinflation. Elected in 1989, in the depths of recession,
President MENEM has implemented a comprehensive economic restructuring
program that shows signs of putting Argentina on a path of stable,
sustainable growth. Argentina's currency has traded at par with the US
dollar since April 1991, and inflation has fallen to its lowest level in 20
years. Argentines have responded to the relative price stability by
repatriating flight capital and investing in domestic industry. Much remains
to be done in the 1990s in dismantling the old statist barriers to growth
and in solidifying the recent economic gains.
National product:
GDP - exchange rate conversion - $112 billion (1992 est.)
National product real growth rate:
7% (1992 est.)
National product per capita:
$3,400 (1992 est.)
Inflation rate (consumer prices):
17.7% (1992)
Unemployment rate:
6.9% (1992)
Budget:
revenues $33.1 billion; expenditures $35.8 billion, including capital
expenditures of $3.5 billion (1992)
Exports:
$12.3 billion (f.o.b., 1992 est.)
commodities:
meat, wheat, corn, oilseed, hides, wool
partners:
US 12%, Brazil, Italy, Japan, Netherlands
Imports:
$14.0 billion (c.i.f., 1992 est.)
commodities:
machinery and equipment, chemicals, metals, fuels and lubricants,
agricultural products
partners:
US 22%, Brazil, Germany, Bolivia, Japan, Italy, Netherlands
External debt:
$54 billion (June 1992)
Industrial production:
growth rate 10% (1992 est.); accounts for 26% of GDP
Electricity:
17,911,000 kW capacity; 51,305 million kWh produced, 1,559 kWh per capita
(1992)
Industries:
food processing, motor vehicles, consumer durables, textiles, chemicals and
petrochemicals, printing, metallurgy, steel
Agriculture:
accounts for 8% of GDP (including fishing); produces abundant food for both
domestic consumption and exports; among world's top five exporters of grain
and beef; principal crops - wheat, corn, sorghum, soybeans, sugar beets
Illicit drugs:
increasing use as a transshipment country for cocaine headed for the US and
Europe
*Argentina, Economy
Economic aid:
US commitments, including Ex-Im (FY70-89), $1.0 billion; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $4.4 billion;
Communist countries (1970-89), $718 million
Currency:
1 peso = 100 centavos
Exchange rates:
pesos per US$1 - 0.99000 (January1993), 0.99064 (1992), 0.95355 (1991),
0.48759 (1990), 0.04233 (1989), 0.00088 (1988)
Fiscal year:
calendar year
*Argentina, Communications
Railroads:
34,172 km total (includes 209 km electrified); includes a mixture of
1.435-meter standard gauge, 1.676-meter broad gauge, 1.000-meter narrow
gauge, and 0.750-meter narrow gauge
Highways:
208,350 km total; 47,550 km paved, 39,500 km gravel, 101,000 km improved
earth, 20,300 km unimproved earth
Inland waterways:
11,000 km navigable
Pipelines:
crude oil 4,090 km; petroleum products 2,900 km; natural gas 9,918 km
Ports:
Bahia Blanca, Buenos Aires, Comodoro Rivadavia, La Plata, Rosario, Santa Fe
Merchant marine:
60 ships (1,000 GRT or over) totaling 1,695,420 GRT/1,073,904 DWT; includes
30 cargo, 5 refrigerated cargo, 4 container, 1 railcar carrier, 14 oil
tanker, 1 chemical tanker, 4 bulk, 1 roll-on/roll-off
Airports:
total:
1,700
usable:
1,451
with permanet-surface runways:
137
with runways over 3,659 m:
1
with runways 2,440-3,659 m:
31
with runways 1,220-2,439 m:
326
Telecommunications:
extensive modern system; 2,650,000 telephones (12,000 public telephones);
microwave widely used; broadcast stations - 171 AM, no FM, 231 TV, 13
shortwave; 2 Atlantic Ocean INTELSAT earth stations; domestic satellite
network has 40 earth stations
*Argentina, Defense Forces
Branches:
Argentine Army, Navy of the Argentine Republic, Argentine Air Force,
National Gendarmerie, Argentine Naval Prefecture (Coast Guard only),
National Aeronautical Police Force
Manpower availability:
males age 15-49 8,267,316; fit for military service 6,702,303; reach
military age (20) annually 284,641 (1993 est.)
Defense expenditures:
exchange rate conversion - $NA, NA% of GDP