1. ARGENTINA’S ECONOMY Agron/Econ 496 Sergio Lence February, 2009

2. POPULATION, 2007 Argentina 39 million United States 302 million China1,300 million India1,073 million World6,390 million

3. World Population Density Population (bottom) and Internet (top) densities

4. World Gross Domestic Product (1999)

5. Earth’s Satellite Picture at Night

6. Gross National Income (2007) Argentina U.S. Total Current U$S 0.24 trillion 13.9 trillion PPP U$S 0.51 trillion 13.8 trillion Per Capita Current U$S 6,050 46,040 PPP U$S 12,990 45,850

7. Nominal GDP vs. PPP GNP

8. Argentinean Economy Upper-middle income, Western-style market economy (World Bank classification): Low income (< $935 GNI per capita) 49 countries (e.g., Haiti) Lower-middle income ($936-$3,705) 54 countries (e.g., Peru, Ecuador, Paraguay) Upper-middle income ($3,706-$11,455) 41 countries (e.g., Argentina, Brazil, Mexico) High income (> $11,455) 65 countries (e.g., US, Canada)

9. Composition of GDP (%)

12. CO2 Emissions Per Capita

13. Argentinean Economy: History Long history of government involvement Military governments (until 1982) Populist governments (e.g., Peron, Peronist party) Major economic reforms starting in the 1990s Privatization Currency conversion Major economic crisis in 2001/02

14. Argentinean Peso Currency of Argentina 1 U$S = 3.49 Argentinean Pesos Introduced in 1992

15. Argentinean Peso

18. Argentinean Peso: History PESO Moneda Nacional (starting in 1881) PESO Ley (starting in 1970) 1 Peso Ley = 100 Pesos Moneda Nacional PESO argentino (starting in 1983) 1 Peso argentino = 10,000 Pesos Ley AUSTRAL (starting in 1985) 1 Austral = 1,000 Pesos argentinos PESO (starting in 1992) 1 Peso Ley = 10,000 Australes

19. Argentinean Peso: History Various Argentine currencies towards the US Dollar

20. Monetary Conversion Rates Fall in value of the Argentine currency vs. U.S. dollar

21. Monetary Conversion Rates Fall in value of the Argentine currency vs. U.S. dollar

22. Monetary Conversion Rates Argentinean Pesos per U.S. dollar

23. INFLATION

24. ANNUAL INFLATION ArgentinaUS 19984% 1999-3%4% 2000-1%4% 2001-4%1% 2002-11%2% 20039%3% 20049%4% 20059%3% 20068%3% 20079%2%

25. GDP Growth Per Capita

26. Annual GDP Growth (%)

39. Life Expectancy at Birth, 2004

40. GINI Index (higher income inequality, higher index) Argentina 51 U.S.41

41. Infant Mortality

42. Argentinean Economy: Current Concerns Large government deficit Government-distorted economy Inflation Unfavorable world market situation Government vs. Farmers

43. THE END