The 1997 CIA World Factbook. United States. Central Intelligence Agency
parties and leaders: Justicialist Party or PJ [Carlos Saul MENEM] (Peronist umbrella political organization); Radical Civic Union or UCR [Rodolfo TERRAGNO] (moderately left-of-center party); Union of the Democratic Center or UCD (conservative party); Dignity and Independence Political Party or MODIN [Aldo RICO] (right-wing party); Front for a Country in Solidarity or Frepaso (a four party coalition) [leader Carlos ALVAREZ]; several provincial parties
Political pressure groups and leaders: Peronist-dominated labor movement; General Confederation of Labor or CGT (Peronist-leaning umbrella labor organization); Argentine Industrial Union (manufacturers' association); Argentine Rural Society (large landowners' association); business organizations; students; the Roman Catholic Church; the Armed Forces
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, MINURSO, MTCR, NSG (observer), OAS, OPANAL, PCA,
RG, UN, UNAVEM III, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, UNIKOM,
UNITAR, UNMIBH, UNMOP, UNPREDEP, UNTAES, UNTSO, UNU, UPU, WCL, WFTU,
WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission : Ambassador Raul Enrique GRANILLO OCAMPO 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 Orleans, New York, San Francisco, and San Juan (Puerto Rico)
Diplomatic representation from the US: chief of mission: Ambassador James R. CHEEK has returned to Washington; replacement not yet appointed embassy: 4300 Colombia, 1425 Buenos Aires mailing 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
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 shows signs of putting 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 to 4.6% in 1995, largely in reaction to the Mexican peso crisis. The economy grew at 4.4% in 1996, with the strongest growth occurring in the second half of the year. Unemployment increased slightly - to over 17% - and Buenos Aires was forced to renegotiate fiscal targets with the IMF. Although the economy is expected to grow by at least 5% in 1997, unemployment and fiscal concerns will continue to challenge the MENEM administration.
GDP: purchasing power parity - $296.9 billion (1996 est.)
GDP - real growth rate: 4.4% (1996)
GDP - per capita: purchasing power parity - $8,600 (1996 est.)
GDP - composition by sector: agriculture: 7% industry: 29% services: 64% (1995 est.)
Inflation rate - consumer price index: 0.1% (yearend 1996)
Labor force: total: 14.5 million (1995 est.) by occupation : agriculture 12%, industry 31%, services 57% (1985 est.)
Unemployment rate: 17.3% (October 1996)
Budget: revenues: $50.3 billion expenditures : $51.7 billion, including capital expenditures of $3.2 billion (1995 est.)
Industries: food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel
Industrial production growth rate: 5% (1996 est.)
Electricity - capacity: 20.207 million kW (1995)
Electricity - production: 67.369 billion kWh (1995)
Electricity - consumption per capita: 1,606 kWh (1995 est.)
Agriculture - products: wheat, corn, sorghum, soybeans, sugar beets; livestock
Exports: total value: $23.8 billion (f.o.b., 1996) commodities : meat, wheat, corn, oilseed, manufactures, fuels partners: Brazil 26.1%, US 8.5%, Chile 7.0%, Netherlands 5.7%, Italy 3.5% (1995)
Imports: total value: $23.7 billion (c.i.f., 1996) commodities: machinery and equipment, chemicals, metals, transport equipment, agricultural products partners: Brazil 20.8%, US 20.7%, Italy 6.3%, Germany 6.2%, France 5.2% (1995)
Debt - external: $95 billion (1996 est.)
Economic aid: $NA
Currency: 1 nuevo peso argentino = 100 centavos
Exchange rates: pesos per US$1 - 0.99950 (January 1997), 0.99966 (1996), 0.99975 (1995), 0.99901 (1994), 0.99895 (1993), 0.99064 (1992)
Fiscal year: calendar year
@Argentina:Communications
Telephones: 4.6 million (1990)
Telephone system: 12,000 public telephones; extensive modern system but many families do not have telephones; despite extensive use of microwave radio relay, the telephone system frequently grounds out during rainstorms, even in Buenos Aires domestic: microwave radio relay and a domestic satellite system with 40 earth stations serve the trunk network international : satellite earth stations - 2 Intelsat (Atlantic Ocean)
Radio broadcast stations: AM 171, FM 0, shortwave 13
Radios: 22.3 million (1991 est.)
Television broadcast stations: 231
Televisions: 7.165 million (1991 est.)
@Argentina:Transportation
Railways: total: 37,910 km broad gauge: 24,124 km 1.676-m gauge (142 km electrified) standard gauge: 2,765 km 1.435-m gauge narrow gauge: 11,021 km 1.000-m gauge (26 km electrified)
Highways: total : 216,100 km paved: 61,589 km (including 600 km of expressways) unpaved : 154,511 km (1995 est.)
Waterways: 11,000 km navigable
Pipelines: crude oil 4,090 km; petroleum products 2,900 km; natural gas 9,918 km
Ports and harbors: Bahia Blanca, Buenos Aires, Comodoro Rivadavia,
Concepcion del Uruguay, La Plata, Mar del Plata, Necochea, Rio
Gallegos, Rosario, Santa Fe, Ushuaia
Merchant marine: total: 36 ships (1,000 GRT or over) totaling 263,266 GRT/385,211 DWT ships by type: cargo 11, chemical tanker 1, container 2, oil tanker 14, railcar carrier 1, refrigerated cargo 6, roll-on/roll-off cargo 1 (1996 est.)
Airports: 1,202 (1996 est.)
Airports - with paved runways: total: 598 over 3,047 m: 5 2,438 to 3,047 m: 25 1,524 to 2,437 m: 55 914 to 1,523 m : 44 under 914 m: 469 (1996 est.)
Airports - with unpaved runways: total: 604 over 3,047 m: 1 2,438 to 3,047 m : 2 1,524 to 2,437 m: 59 914 to 1,523 m: 542 (1996 est.)
Military
Military branches: Argentine Army, Navy of the Argentine Republic,
Argentine Air Force, National Gendarmerie, Argentine Naval Prefecture
(Coast Guard only), National Aeronautical Police Force
Military manpower