Argentina Country Report

A detailed Summary of Argentina Country Report

Argentina has had a fairly unstable economy for the past 7 years, in terms of its balance of trade. In the 1993 and 1995, it enjoyed the least imports for the past 7 years, and in 1993 and 1994, it realized the least amount of exports, but no substantial change occurred in the service account. The country has had steadily growing imports and exports for the past four years, but this has not started until the year 1995. That year, the imports declined from $20 billion to less than $18 billion, but the exports rose from $16 billion to $21 billion. This trend has held until today. Similarly, Argentina's service sector has enjoyed a steady growth and kept approximately the same balance over the years. All in all, the current account has improved in 1995, 1996, and 1997 showing a positive balance, but has sharply declined in 1998 to negative $3 billion. There was no data available on Argentina's capital account.

On the contrary, the US imports have solidly grew over the past 7 years, starting at nearly $600 billion at the end of 1993 and ending at nearly 750 billion at the end of 1999. The exports have also had a solid growth over the past decade, despite their slight decline in the 1998, which has most likely carried over to the

Imports' increased proportion of the GDP relative to those of exports' seems to lead to a country's higher GDP. This is evident in both US and Argentine GDP's and their import's and export's percentages of it. In 1995, the GDP declined due to the imports' reduced percentage of GDP relative to that of the exports, and in the 1998 and 1999 it increased due to its improvement (imports increased as exports remained the same).

Argentina is one of the highest exporters of live and frozen-stock in the World. Its exports total more than $31 billion and imports $8 billion more. In 1995, machinery and transport equipment comprised almost half of Argentina's imports, and the rest half was split between the chemicals and related products (mostly due to pharmaceuticals) and basic manufactures. Basic manufactures industry is equally exported and imported, depending what part of the industry is the country responsible for producing. On the other hand, the country's exports comprise of more than 30% livestock, which it is famous for.

The US capital account has varied in the past decade. The credit and debit sides alternatively grew and fell since the 1993. The credit grew the most in 1995 and 1996, and debit has declined the most in 1996 and 1999. Consequently, the capital account enjoyed the highest positive balance in 1996, 1998, 1995 and the past year. In these years, the difference in the falling debit side and increase in the credit side was the greatest.

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