International organization participation: AfDB, AG (observer),
Australia Group, BCIE, CCC, ECLAC, FAO, G- 6, G-11, G-15, G-19, G-24,
G-77, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS,
IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU,
LAES, LAIA, Mercosur, MINUGUA, MINURSO, MIPONUH, MTCR, NSG (observer),
OAS, OPANAL, PCA, RG, UN, UNAVEM III, UNCTAD, UNESCO, UNFICYP, UNHCR,
UNIDO, UNIKOM, UNITAR, UNMIBH, UNMOP, UNPREDEP, UNTSO, UNU, UPU, WCL,
WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador Diego Ramiro GUELAR chancery: 1600 New Hampshire Avenue NW, Washington, DC 20009 telephone: [1] (202) 939-6400 through 6403 FAX: [1] (202) 332-3171 consulate(s) general: Atlanta, Chicago, Houston, Los Angeles, Miami, New York, San Francisco, and San Juan (Puerto Rico)
Diplomatic representation from the US: chief of mission: Ambassador James R. CHEEK has retired; replacement to be appointed in 1998 embassy: 4300 Colombia, 1425 Buenos Aires mailing address: International mail: use street address; APO address: Unit 4334, APO AA 34034 telephone: [54] (1) 777-4533, 4534 FAX: [54] (1) 777-0197
Flag description: 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
Economy-overview: Argentina benefits from rich natural resources, 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 has put 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 50 years. Argentines have responded to price stability by repatriating capital and investing in domestic industry. Growth averaged more than 8% between 1991 and 1994, then fell 4.6% in 1995, largely in reaction to the Mexican peso crisis. The economy has since recovered strongly. However, unemployment remains nearly 14%, and Buenos Aires still depends on foreign capital to meet the bulk of its financing needs. The IMF has urged additional economic reforms to ensure equitable long-term growth.
GDP: purchasing power parity-$348.2 billion (1997 est.)
GDP-real growth rate: 8.4% (1997 est.)
GDP-per capita: purchasing power parity-$9,700 (1997 est.)
GDP-composition by sector: agriculture: 7% industry: 36% services: 57% (1995 est.)