Economy
Argentina's economy is characterized by great wealth and variety of natural resources, a population with a high degree of literacy, a well-developed agricultural system and a solid industrial base that places it as the most developed nation in Latin America together with Chile.
PRIMARY SECTOR
Agriculture
It is one of the first countries in the world for agricultural production and for breeding, especially cattle. The main agricultural products are soybeans, corn, wheat.
Breeding
As for livestock, Argentina is one of the largest exporters of beef and sheepmeat.
SECONDARY SECTOR
INDUSTRIES
The Argentinian industry is divided into agricultural and non-agricultural. The agricultural industry is dominated by the food and meat processing industries.
NON-AGRICULTURAL
As regards non-agricultural production, the most important industry is the automotive one, followed by the chemical, metallurgical and finally paper industry.
TERTIARY SECTOR
TOURISM
Tourism is an important resource for the republic. Most tourists come from other Latin American countries, North America and Europe.
The main attractions
Patagonia's glacial lakes and glaciers
Patagonia's mountains
Virgin mountains
Iguazu Falls (on the border with Brazil and Paraguay)
Buenos Aires (center of culture and avant-garde of the entire South Cone)
Mendoza
San Juan
La Puna de Atacama
The cloud train in Salta
Marine fauna (whale, penguins, South American sea lions)
The El Palmar National Park
The Gualeguaychú carnival (Entre Ríos)
INFLATION
The Peso has been the national currency since 1992.
Recently there has been an increase of the prices. The most affected ones have been food and drinks (3.2%), followed by the prices of the services linked to leisure time and culture (the few that have survived the restrictive measures adopted for the Coronavirus).
The cost of the households have been stable thanks to the price freeze established by the government. In contrast, the prices of the goods and of the services for education and communication have decreased (1.5% and 4.1%).
In the month of April 2020 Indec (the statistic local institute) has detected an increase by 1.5%, the lowest since December 2017. Although the prices of the goods of the sectors that haven't operated during the lockdown haven't been considered.