Economy

Argentina has a market-oriented economy with abundant natural resources, a well-educated population, an export-oriented agricultural sector and a relatively diversified industrial base.

The nation’s services sector accounts for 59% of the economy and 72% of employment, manufacturing is 21% of GDP and 13% of employment, and agriculture is 9% of GDP, with 7% of employment; construction, mining, and public utilities divide the rest. Agriculture, including processed goods, provided 54% of export earnings in 2010, while industrial manufactured goods accounted for 35% (energy staples and metal ores were most of the remainder).

Argentina has, after its neighbour Chile, the second-highest Human Development Index, and the highest GDP per capita in purchasing power terms in Latin America. Argentina is one of the G-20 major economies, with the world’s 27th largest nominal GDP, and the 22nd largest by purchasing power. The country is classified as upper-middle income or a secondary emerging market by the World Bank.

Source: Wikipedia

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