Thursday, May 16, 2024

Argentina Economy 5-16-24

Nominal GDP $621.833B, Per capita GDP $13,297, Population 45,376,763, Debt to GDP 154.54%.

Average Wage $5,100, Inflation 20.4% Unemployment 6.8%. Exports $19.6B, Imports $9.6B, Trade Surplus 10B. Land area 1,073,500 sq miles, Urban 92.5% Rural 7.5%. Arable land is 15.35%. 

Exports corn, wheat, and soybean production and exports in 2023. Corn and wheat are Argentina's most important crops in terms of volume, with a combined production of 1,946 million tons in the 2022/23 season, an increase of 65% over the last two decades.

Imports and Values: Vehicles ($13.2 billion—19.8% of their total imports) Machinery ($9.9 billion—14.9% of their total imports) Electrical equipment ($8.6 billion—12.9% of their total imports)

Comments

Argentina has elected too many Presidents who promised “free stuff”. The government has overspent and printed money to cause inflation for too long. Their 154% Debt to GDP is excessive and needs to be reduced. They need to cut government spending, lower taxes on Exports and grow their way out of this.

https://www.reddit.com/r/AskEconomics/comments/18uovoo/why_is_argentinas_economy_so_bad/

Norb Leahy, Dunwoody GA Tea Party Leader

No comments:

Post a Comment