Study on Latin American Outbound Travel
Basic information
Argentina is located in the extreme south of the American continent. It has a territory of 3.7 million km2, including 964,000 km2 of the Antarctic territory and the islands in the South Atlantic.
The national territory has a population of 36.2 million inhabitants and integrates 23 provinces and the federal capital, which is settled in the city of Buenos Aires.
The country has boundaries with Bolivia in the north, Paraguay in the northeast, Brazil, Uruguay and the Atlantic Ocean in the east, and Chile in the west. It features an extensive seacoast from Rio Del Plata to the so-called Terra del Fuego.
Through constitutional disposition, Argentina adopted for its Government the representative, republican and federative form. The Constitution in force since 1853 was last modified in 1994, which kept the Central Government in three powers: executive, legislative and judiciary. The executive is performed by the President and Vice-President of the Republic for a period of 4 years. The current president, Fernando de La Rua, elected in October 1999, beating the candidate of the previous president, Carlos Menem, whose policy led to the internationalization of the Argentinean economy and to the strictness of the exchange in relation to the American dollar.
The new President received the support of the International Monetary Fund that showed it through a loan of US$27.0 billion to face the current problems of exchange reserves and the Argentinean balance of payments. His speech pointed to the cut in public costs and high austerity in the economy, warning Argentineans that hard times are coming, so that this economy can recover and start to grow again at rates compatible with the necessary development for the nation’s welfare.
The country's currency is the Argentinean Peso, whose exchange rate in relation to the American dollar is 1.00 peso for US$1.00 (pegged to the US$ since 1991).
The Argentinean per capita GNP, used as a reference of the relative wealth of the country, is the highest of the South American countries, reaching US$9,700 in 1998.
The national territory has a population of 36.2 million inhabitants and integrates 23 provinces and the federal capital, which is settled in the city of Buenos Aires.
The country has boundaries with Bolivia in the north, Paraguay in the northeast, Brazil, Uruguay and the Atlantic Ocean in the east, and Chile in the west. It features an extensive seacoast from Rio Del Plata to the so-called Terra del Fuego.
Through constitutional disposition, Argentina adopted for its Government the representative, republican and federative form. The Constitution in force since 1853 was last modified in 1994, which kept the Central Government in three powers: executive, legislative and judiciary. The executive is performed by the President and Vice-President of the Republic for a period of 4 years. The current president, Fernando de La Rua, elected in October 1999, beating the candidate of the previous president, Carlos Menem, whose policy led to the internationalization of the Argentinean economy and to the strictness of the exchange in relation to the American dollar.
The new President received the support of the International Monetary Fund that showed it through a loan of US$27.0 billion to face the current problems of exchange reserves and the Argentinean balance of payments. His speech pointed to the cut in public costs and high austerity in the economy, warning Argentineans that hard times are coming, so that this economy can recover and start to grow again at rates compatible with the necessary development for the nation’s welfare.
The country's currency is the Argentinean Peso, whose exchange rate in relation to the American dollar is 1.00 peso for US$1.00 (pegged to the US$ since 1991).
The Argentinean per capita GNP, used as a reference of the relative wealth of the country, is the highest of the South American countries, reaching US$9,700 in 1998.