Argentina

Spanning an area of 2,780,400 square km, Argentina is the 8th largest country in the world. It is the third richest country in South America in terms of GDP per capita at $20,170 USD and the second largest country in the continent by GDP (PPP) at $879.4 billion USD. The country is located in the continent’s southern part where it is bordered by Chile, Brazil, Bolivia, Paraguay, and Uruguay. It has an extensive coastline along the Atlantic Ocean to the east. As of 2010, the country had a population of 40,117,096.

The economy of Argentina is based on the country’s rich natural resources, export-oriented agriculture, an educated population, and a diversified industrial sector. The economic performance of the country has gone through several ups and downs in the past few decades. Currently, it is classified as a middle emerging economy. High rates of inflation, unequal distribution of wealth, and a high technical debt are barriers to the economic growth of the nation. The leading industries in Venezuela include beverages, motor vehicles, and auto parts, leather, textiles, food processing, pharmaceuticals, cement, furniture, etc.