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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

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Approximate Word count = 997
Approximate Pages = 4 (250 words per page double spaced)

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