INTRODUCTION:
In 1816, the United Provinces of the Rio Plata declared their independence from Spain. After Bolivia, Paraguay, and Uruguay went their separate ways, the area that remained became Argentina. The country's population and culture were heavily shaped by immigrants from throughout Europe, but most particularly Italy and Spain, which provided the largest percentage of newcomers from 1860 to 1930. Up until about the mid-20th century, much of Argentina's history was dominated by periods of internal political conflict between Federalists and Unitarians and between civilian and military factions. After World War II, an era of Peronist populism and direct and indirect military interference in subsequent governments was followed by a military junta that took power in 1976. Democracy returned in 1983 after a failed bid to seize the Falkland (Malvinas) Islands by force, and has persisted despite numerous challenges, the most formidable of which was a severe economic crisis in 2001-02 that led to violent public protests and the successive resignations of several presidents.
AREA:
total: 2,780,400 sq km
country comparison to the world: 8
land: 2,736,690 sq km
water: 43,710 sq km.
PEOPLE:
POPULATION:
41,769,726 (July 2011 est.)
country comparison to the world: 32
MAJOR CITIES:
BUENOS AIRES (capital) 12.988 million; Cordoba 1.493 million; Rosario 1.231 million; Mendoza 917,000; San Miguel de Tucuman 831,000 (2009).
RELIGION:
nominally Roman Catholic 92% (less than 20% practicing), Protestant 2%, Jewish 2%, other 4%.
LANGUAGES:
Spanish (official), Italian, English, German, French.
GOVERNMENT:
COUNTRY NAME:
conventional long form: Argentine Republic
conventional short form: Argentina
local long form: Republica Argentina
local short form: Argentina
CAPITAL:
name: Buenos Aires
geographic coordinates: 34 36 S, 58 40 W
time difference: UTC-3 (2 hours ahead of Washington, DC during Standard Time)
daylight saving time: none scheduled for 2011.
INDEPENDENCE:
republic.
GOVERNMENT TYPE:
constitutional monarchy with a parliamentary system of government and a Commonwealth realm.
FLAG DESCRIPTION:
three equal horizontal bands of light blue (top), white, and light blue; centered in the white band is a radiant yellow sun with a human face known as the Sun of May; the colors represent the clear skies and snow of the Andes; the sun symbol commemorates the appearance of the sun through cloudy skies on 25 May 1810 during the first mass demonstration in favor of independence; the sun features are those of Inti, the Inca god of the sun
ECONOMY:
ECONOMY OVERVIEW:
Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Although one of the world's wealthiest countries 100 years ago, Argentina suffered during most of the 20th century from recurring economic crises, persistent fiscal and current account deficits, high inflation, mounting external debt, and capital flight. A severe depression, growing public and external indebtedness, and a bank run culminated in 2001 in the most serious economic, social, and political crisis in the country's turbulent history. Interim President Adolfo RODRIGUEZ SAA declared a default - the largest in history - on the government's foreign debt in December of that year, and abruptly resigned only a few days after taking office. His successor, Eduardo DUHALDE, announced an end to the peso's decade-long 1-to-1 peg to the US dollar in early 2002. The economy bottomed out that year, with real GDP 18% smaller than in 1998 and almost 60% of Argentines under the poverty line. Real GDP rebounded to grow by an average 8.5% annually over the subsequent six years, taking advantage of previously idled industrial capacity and labor, an audacious debt restructuring and reduced debt burden, excellent international financial conditions, and expansionary monetary and fiscal policies. Inflation also increased, however, during the administration of President Nestor KIRCHNER, which responded with price restraints on businesses, as well as export taxes and restraints, and beginning in early 2007, with understating inflation data. Cristina FERNANDEZ DE KIRCHNER succeeded her husband as President in late 2007, and the rapid economic growth of previous years began to slow sharply the following year as government policies held back exports and the world economy fell into recession. The economy has rebounded strongly from the 2009 recession, but the government's continued reliance on expansionary fiscal and monetary policies risks exacerbating already high inflation.
In 1816, the United Provinces of the Rio Plata declared their independence from Spain. After Bolivia, Paraguay, and Uruguay went their separate ways, the area that remained became Argentina. The country's population and culture were heavily shaped by immigrants from throughout Europe, but most particularly Italy and Spain, which provided the largest percentage of newcomers from 1860 to 1930. Up until about the mid-20th century, much of Argentina's history was dominated by periods of internal political conflict between Federalists and Unitarians and between civilian and military factions. After World War II, an era of Peronist populism and direct and indirect military interference in subsequent governments was followed by a military junta that took power in 1976. Democracy returned in 1983 after a failed bid to seize the Falkland (Malvinas) Islands by force, and has persisted despite numerous challenges, the most formidable of which was a severe economic crisis in 2001-02 that led to violent public protests and the successive resignations of several presidents.
AREA:
total: 2,780,400 sq km
country comparison to the world: 8
land: 2,736,690 sq km
water: 43,710 sq km.
PEOPLE:
POPULATION:
41,769,726 (July 2011 est.)
country comparison to the world: 32
MAJOR CITIES:
BUENOS AIRES (capital) 12.988 million; Cordoba 1.493 million; Rosario 1.231 million; Mendoza 917,000; San Miguel de Tucuman 831,000 (2009).
RELIGION:
nominally Roman Catholic 92% (less than 20% practicing), Protestant 2%, Jewish 2%, other 4%.
LANGUAGES:
Spanish (official), Italian, English, German, French.
GOVERNMENT:
COUNTRY NAME:
conventional long form: Argentine Republic
conventional short form: Argentina
local long form: Republica Argentina
local short form: Argentina
CAPITAL:
name: Buenos Aires
geographic coordinates: 34 36 S, 58 40 W
time difference: UTC-3 (2 hours ahead of Washington, DC during Standard Time)
daylight saving time: none scheduled for 2011.
INDEPENDENCE:
republic.
GOVERNMENT TYPE:
constitutional monarchy with a parliamentary system of government and a Commonwealth realm.
FLAG DESCRIPTION:
three equal horizontal bands of light blue (top), white, and light blue; centered in the white band is a radiant yellow sun with a human face known as the Sun of May; the colors represent the clear skies and snow of the Andes; the sun symbol commemorates the appearance of the sun through cloudy skies on 25 May 1810 during the first mass demonstration in favor of independence; the sun features are those of Inti, the Inca god of the sun
ECONOMY:
ECONOMY OVERVIEW:
Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Although one of the world's wealthiest countries 100 years ago, Argentina suffered during most of the 20th century from recurring economic crises, persistent fiscal and current account deficits, high inflation, mounting external debt, and capital flight. A severe depression, growing public and external indebtedness, and a bank run culminated in 2001 in the most serious economic, social, and political crisis in the country's turbulent history. Interim President Adolfo RODRIGUEZ SAA declared a default - the largest in history - on the government's foreign debt in December of that year, and abruptly resigned only a few days after taking office. His successor, Eduardo DUHALDE, announced an end to the peso's decade-long 1-to-1 peg to the US dollar in early 2002. The economy bottomed out that year, with real GDP 18% smaller than in 1998 and almost 60% of Argentines under the poverty line. Real GDP rebounded to grow by an average 8.5% annually over the subsequent six years, taking advantage of previously idled industrial capacity and labor, an audacious debt restructuring and reduced debt burden, excellent international financial conditions, and expansionary monetary and fiscal policies. Inflation also increased, however, during the administration of President Nestor KIRCHNER, which responded with price restraints on businesses, as well as export taxes and restraints, and beginning in early 2007, with understating inflation data. Cristina FERNANDEZ DE KIRCHNER succeeded her husband as President in late 2007, and the rapid economic growth of previous years began to slow sharply the following year as government policies held back exports and the world economy fell into recession. The economy has rebounded strongly from the 2009 recession, but the government's continued reliance on expansionary fiscal and monetary policies risks exacerbating already high inflation.