Latin America’s Third-Largest Economy
Argentina is a federation with 23 provinces and the autonomous city of Buenos Aires, its capital and largest city. Because of its beauty and culture, Buenos Aires is often referred to as “the Paris of South America.” Argentina is founding member of the United Nations, the Union of South American Nations, the World Bank Group and the World Trade Organization, and is one of the G-15 and G-20 major economies.
As Latin America’s third-largest economy, Argentina has the fifth-highest nominal GDP per capita and the highest purchasing power terms (within Latin America). It is classified by investors as a middle emerging economy, but many analysts believe that the country has a strong foundation for future growth because of its market size, levels of foreign investment and percentage of high-tech exports as a share of total manufactured goods.
The country benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector and a diversified manufacturing base. It is the eighth-largest country in the world by land area, and Argentina ranks 33rd by population at roughly 40 million inhabitants.
Stable and Poised for Growth
Argentina is highly urbanized, with the 10 largest metropolitan areas accounting for half of the population. Manufacturing accounts for 19% of GDP and is the largest single sector of the economy, but it is closely intertwined with agriculture with half of the nation’s industrial exports being agricultural in nature. The construction sector accounts for over 5% of GDP, and two-thirds of the construction was for residential buildings.
As of 2011, Argentina was the most visited country in South America and the fourth most visited in the Americas. Travel & Leisure magazine has ranked Buenos Aires as the second most desirable city to visit after Florence, Italy, because of its elegant architecture, fabulous cuisine, legendary nightlife and high-end shopping.
Find out more about the country of Argentina from Bill, including:
- What Keller Williams Worldwide is looking for in a potential country partner
- Why the Keller Williams Realty story so unique
- How to start the process of finding out if you might be a good match
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