Inside Economy of Argentina

With rich natural reserves and a major producer of agricultural products Argentina has been known as a huge exporter of citrus fruit beef grape honey maize Yerba mate Sunflower seeds to name a few Argentina is the second largest economy in South America and the third largest economy of Latin America A country with a larger scope to develop produce or manufacture from its natural resources the economy faces an unbalanced condition which is due to recessions An increase in poverty in recent years is a result of income maldistribution making the current scenario even worse Argentina's GDP comes from various manufacturing and exports such as agriculture forestry construction commerce and tourism utilities fishing etc In spite of having such a huge economy and a major player in the world the inflation is at the worst climbing at 47 6 as per December 2018 reports The population of Argentina below the poverty line is 33 which is a serious scope of the study to balance the uneven economy From being the leader in exports and one of the highest GDP in the world now the currency of Argentina has declined by 50 in 2018 This decline has brought the value of the country s currency to 38 Argentine pesos per United States Dollar

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