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Income maldistribution and poverty have increased since this period. Early in the twentieth century, Argentina had one of the ten highest per capita GDP levels globally. It was on par with Canada and Australia and had surpassed both France and Italy. Argentina's currency declined by about 50% in 2018 to more than 38 Argentine pesos per U.S. Dollar.
With industrial production of USD $79.8 billion in 2023 (19% of GDP), Argentina is the third-largest industrial power in Latin America after Mexico and Brazil. [1] Argentina has a sophisticated industrial base that ranges from small and medium-sized enterprises to world-class facilities operated by domestic and multinational corporations.
Argentina is the largest producer in the world of yerba mate, one of the 5 largest producers in the world of soy, maize, sunflower seed, lemon and pear, one of the 10 largest producers in the world of barley, grape, artichoke, tobacco and cotton, and one of the 15 largest producers in the world of wheat, sugarcane, sorghum and grapefruit.
Argentina which is South America's second largest economy, boasts a rich history of industrialization and a well-developed agricultural sector. Despite economic challenges and very high inflation, Argentina uses its abundant natural resources and skilled workforce to drive economic growth and innovation.
Evolution of GDP growth. The economic history of Argentina is one of the most studied, owing to the "Argentine paradox". As a country, it had achieved advanced development in the early 20th century but experienced a reversal relative to other developed economies, which inspired an enormous wealth of literature and diverse analysis on the causes of this relative decline. [2]
Argentina, [C] officially the Argentine Republic, [A] [D] is a country in the southern half of South America.Argentina covers an area of 2,780,400 km 2 (1,073,500 sq mi), [B] making it the second-largest country in South America after Brazil, the fourth-largest country in the Americas, and the eighth-largest country in the world.
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Around 44% of the potential irrigated land is located in arid regions and 56% in located in more humid areas of the country. Water resources are the limiting factor in scaled development in the irrigation sector in Argentina. It has been estimated that as much as 95 million ha in Argentina have good soil but not enough water. [12]