The Argentine Republic is located in Southern South America bordering the South Atlantic Ocean, Chile, Paraguay, Uruguay, Brazil, and Bolivia. It is the second largest country in South America and covers an area of 2.767 million sq. kilometers about three-tenths the size of the US. Argentina’s total population is 42.61 million and is growing at a rate of 0.98% with 92% living in urban areas. The capital city of Buenos Aires has a population of 12.79 million with other main cities including Cordoba (1.37 mil), Rosario (1.24 mil), Mendoza (885,000), and La Plata (732,000). The people are governed by a republic and are predominantly Roman Catholic. The official language used is Spanish and the currency used is the Argentine Peso.
Argentina’s economy benefits greatly from an abundance of natural resources, a well educated population, and regular exports. The economy in 2010 rebounded strongly from the 2009 recession, but has slowed since late 2011 even as the government continued to rely on expansionary fiscal and monetary policies, contributing to the rise in inflation. The government expanded state intervention in the economy through 2012. Its main trade partners are Brazil, the US, China, Chile, and Germany. Its primary imports are machinery, motor vehicles, petroleum and natural gas, organic chemicals, and plastics. Exports consist of soybeans and derivatives, petroleum and gas, vehicles, corn, and wheat. Argentina’s GDP (Purchasing Power Parity) is $755.3 billion and is growing at a real rate of 1.9% with an inflation rate of 25.3%. Argentina ranked 124th out of 185 countries in the World Bank Group’s Ease of Doing Business Ranking.
US Commercial Service Franchise Overview (2016)Click the links below for articles with more information on Franchising in Argentina:
Argentina Country Case Study (2016)
Doing Business in Argentina (2012)
News From Around the World: Latin America (2008)
The Future of Latin America (2007)
* CPI Score is published by Transparency International and relates to the perceptions of the degree of corruption as seen by business people and country analysts and ranges between 100 (highly clean) and 0 (highly corrupt).
**Ease of Doing Business Ranking is determined by the World Bank Group and is ranked out of a possible 185 countries. www.doingbusiness.org
Most recent statistics have been taken from the CIA World Factbook unless noted otherwise.