LITMIR.BIZ

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       capital and investing in domestic industry. Growth slowed somewhat in

       1993 but Argentina still registered an impressive 6% advance, fueled

       largely by inflows of foreign capital and strong domestic consumption

       spending. The government's major short term objective is encouraging

       exports, e.g., by reducing domestic costs of production. Much remains

       to be done in the 1990s in dismantling the old statist barriers to

       growth and in solidifying the recent economic gains.

       National product:

       GDP - purchasing power equivalent - $185 billion (1993 est.)

       National product real growth rate:

       6% (1993 est.)

       National product per capita:

       $5,500 (1993 est.)

       Inflation rate (consumer prices):

       7.4% (1993 est.)

       Unemployment rate:

       10% (1993)

       Budget:

       revenues:

       $33.1 billion

       expenditures:

       $35.8 billion, including capital expenditures of $3.5 billion (1992)

       Exports:

       $12.7 billion (f.o.b., 1993 est.)

       commodities:

       meat, wheat, corn, oilseed, hides, wool

       partners:

       US 12%, Brazil, Italy, Japan, Netherlands

       Imports:

       $16 billion (c.i.f., 1993 est.)

       commodities:

       machinery and equipment, chemicals, metals, fuels and lubricants,

       agricultural products

       partners:

       US 22%, Brazil, Germany, Bolivia, Japan, Italy, Netherlands

       External debt:

       $73 billion (April 1994)

       Industrial production:

       growth rate 10% (1992 est.); accounts for 31% of GDP

       Electricity:

       capacity:

       17,911,000 kW

       production:

       51.305 billion kWh

       consumption per capita:

       1,559 kWh (1992)

       Industries:

       food processing, motor vehicles, consumer durables, textiles,

       chemicals and petrochemicals, printing, metallurgy, steel

       Agriculture:

       accounts for 8% of GDP (including fishing); produces abundant food for

       both domestic consumption and exports; among world's top five

       exporters of grain and beef; principal crops - wheat, corn, sorghum,

       soybeans, sugar beets

       Illicit drugs:

       increasing use as a transshipment country for cocaine headed for the

       US and Europe

       Economic aid:

       recipient:

       US commitments, including Ex-Im (FY70–89), $1 billion; Western

       (non-US) countries, ODA and OOF bilateral commitments (1970–89), $4.4

       billion; Communist countries (1970–89), $718 million

       Currency:

       1 nuevo peso argentino = 100 centavos

       Exchange rates:

       pesos per US$1 - 0.99850 (January 1994), 0.99895 (1993), 0.99064

       (1992), 0.95355 (1991), 0.48759 (1990), 0.04233 (1989)

       Fiscal year:

       calendar year

      @Argentina, Communications

      Railroads:

       34,172 km total (includes 209 km electrified); includes a mixture of

       1.435-meter standard gauge, 1.676-meter broad gauge, 1.000-meter

       narrow gauge, and 0.750-meter narrow gauge

       Highways:

       total:

       208,350 km

       paved:

       57,000 km

       unpaved:

       gravel 39,500 km; improved/unimproved earth 111,850 km

       Inland waterways:

       11,000 km navigable

       Pipelines:

       crude oil 4,090 km; petroleum products 2,900 km; natural gas 9,918 km

       Ports:

       Bahia Blanca, Buenos Aires, Comodoro Rivadavia, La Plata, Rosario,

       Santa Fe

       Merchant marine:

       57 ships (1,000 GRT or over) totaling 656,289 GRT/1,008,792 DWT, bulk

       3, cargo 29, container 4, oil tanker 14, railcar carrier 1,

       refrigerated cargo 5, roll-on/roll-off cargo 1

       Airports:

       total:

       1,649

       usable:

       1,394

       with permanent-surface runways:

       139

       with runways over 3,659 m:

       0

       with runways 2,440–3,659 m:

       31

       with runways 1,220–2,439 m:

       332

       Telecommunications:

       extensive modern system but many families do not have telephones;

       2,650,000 telephones (12,000 public telephones); telephone density 78

       per 1000 persons; microwave widely used; broadcast stations - 171 AM,

       no FM, 231 TV, 13 shortwave; 2 Atlantic Ocean INTELSAT earth stations;

       domestic satellite network has 40 earth stations

      @Argentina, Defense Forces

      Branches:

       Argentine Army, Navy of the Argentine Republic, Argentine Air Force,

       National Gendarmerie, Argentine Naval Prefecture (Coast Guard only),

       National Aeronautical Police Force

       Manpower availability:

       males age 15–49 8,417,880; fit for military service 6,825,795; reach

       military age (20) annually 292,725 (1994 est.)

       Defense expenditures:

       $NA, NA% of GDP

      @Armenia, Geography

      Location:

       Southwestern Asia, between Turkey and Azerbaijan

       Map references:

       Africa, Asia, Commonwealth of Independent States - European States,

       Middle East, Standard Time Zones of the World

       Area:

       total area:

       29,800 sq km

       land area:

       28,400 sq km

       comparative area:

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