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Argentina, the name comes from the Latin and it means “silver”, is the eight largest country in the world located in the southern part of South America. The country became independent in 1816. It is divided into four regions: The Andes, the North, the Pampas and Patagonia.
Argentina benefits from rich natural resources. such as; its crude oil, natural gases and more. Minus - Argentina suffered during most of the 20th century from recurring economic crises, persistent fiscal and current account deficits, high inflation, mounting external debt, and capital flight.
Argentina’s economy is one of the most powerful in Latin America. The country is rich in natural resources, has developed agricultural and industrial sector. Argentina has a favorable economic and geographical location, which enables to easily trade with almost all the countries of South America: more than 40% of Argentina’s foreign trade is made only within South American countries trade.
Argentina’s population is overwhelmingly Catholic, but it also has the largest Jewish population in Latin America, estimated at between 280,000 and 300,000. In recent years, there has been a substantial influx of immigrants from neighboring countries, particularly Paraguay, Bolivia, and Peru.
Argentina, on the other hand, has a wide range of natural resources that the country benefits from. In 1976, the economy was affected by the depraved governance of a military dictatorship, which led to an increase in corruption and in anti-labor policies due to financial liberation increasing the country’s debt by reducing capital for investment.
Argentina's economy is one of the richest and most diversified in Latin America. The nation has a variety of natural and other resources which have combined to produce an economy that is based on a strong industrial base, an export-oriented agricultural sector, and a growing service sector.
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