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COUNTRY FACT SHEET: ARGENTINA

Chargé d’Affaires (a.i.) to Argentina: Kevin Sullivan

Argentine Ambassador to the United States: Cecilia Nahón

PROFILE

Population: 41.0 million*

Next election scheduled: October 2015

Capital: Buenos Aires

Government: Federal Republic

Head of government: Cristina Fernández

de Kirchner (President)

 

ECONOMY

  • 2012 nominal GDP (Current US$ billions): 474.8*
  • 2012 nominal GDP per capita (Current US$): 11,576*
 

2010

2011

2012

Real GDP growth rate (%)

9.2

8.9*

1.9*

Real GDP per capita growth rate (%)

7.9*

7.7*

0.76*

CPI (%)

10.5

9.8*

10.0*

Unemployment (%)

7.8

7.2*

7.2*

  • Economic mix in 2012: 36% All Industries; 26% manufacturing; 55.9% services; 8.1% agriculture

FOREIGN MERCHANDISE TRADE (US$ billions)

2010

2011

2012

Argentina’s exports to the world

68.1

84.1

80.9

Argentina’s imports from the world

56.7

74.3

68.5

U.S. exports to Argentina

7.4

9.9

10.3

U.S. imports from Argentina

3.8

4.5

4.4

U.S. trade balance with Argentina

3.6

5.4

6.0

       
  • Rank of Argentina as U.S. export market in 2012^: 29th largest (.67% of U.S. exports)
  • Rank of Argentina as source of U.S. imports in 2012^: 53rd largest (.19% of U.S. imports)
  • Rank of Argentina in total U.S. trade in 2012^: 42nd largest (.38% of U.S. trade)
  • Principal U.S. exports to Argentina in 2012^: Chemicals (26.6%), Petroleum &Coal Products (15.1%), Machinery, Except Electrical (11.8%), Transportation Equipment (7.3%)
  • Principal U.S. imports from Argentina in 2012^: Oil & Gas (21%), Food & Kindred Products (16.9%), Primary Metal Mfg (15.5%), Beverages & Tobacco Products (9.3%) Agricultural Products (7.9%)

FOREIGN DIRECT INVESTMENT (US$ billions)

2009

2010

2011

U.S. FDI in Argentina

12.3

11.2

13.3

FDI into U.S. from Argentina

0.12

0.14

FDI into U.S. from Argentina (UBO)

0.70

0.73

0.73

  • Principal Suppliers of Foreign Investment to Argentina: Spain, United States, Netherlands, Chile, Brazil, Germany, Switzerland, Uruguay, Luxembourg, France

DOING BUSINESS RANKING

  • World Bank Doing Business in 2013 rank: 124 of 185 (116 in 2012)

COMMERCIAL OFFICER INFORMATION

Senior Commercial Officer: James Koloditch, 5411 5777 4670

Commerce Desk Officer: Ashley Rosen, (202) 482-6311

*IMF estimate, World Bank data, ^Global Trade Atlas data, year to date as of December 2012