Economy

Argentina has a vast abundance of natural resources, a highly literate population, an export-oriented agricultural sector and a diversified industrial base. The country maintains a relatively high standard of living.

Agriculture accounts for roughly 10% of GDP and nearly one-third of exports. Soy and vegetable oils are major export commodities at 32% of exports. Cattle is also a major industry. Mining is rising in the northwest provinces - metals including: gold, silver, zinc, magnesium, copper, sulfur, tungsten and uranium. Manufacturing is the nation's leading single sector in GDP output, with 35% of the share. Leading sectors are motor vehicles, auto parts, and transportation and farming equipment. Telecommunications has also been growing at a fast pace; however, the service sector is the biggest contributor to total GDP. Argentina produces energy in large part through well-developed hydroelectric resources and nuclear energy.

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Updated: 29 February 2008