Type: Presidential republic- a term used to describe countries where the president is a figure actively involved in the governance of the country.
- President of the country, 2017: Mauricio Macri
The name "Argentina" comes from the Latin word for silver, argentum. The original European settlers believed the country was full of silver.
Type of market: Free-market heavily based on agriculture and agricultural exports. (Free-market; an economic system in which prices are determined by unrestricted competition between privately owned businesses).
Agricultural products: sunflower seeds, lemons, soybeans, grapes, corn, tobacco, peanuts, tea, wheat; livestock.
Industries: food processing, motor vehicles, consumer durable, textiles, chemicals and petrochemicals, printing, metallurgy, steel.
Labor force by occupation: agriculture- 5%, industry- 23%, services- 72% (2009 est.)
Description of trade:
Exports: Total- $58.4 billion (2016 est). Commodities- soybeans and derivatives, petroleum and gas, vehicles, corn, wheat. Partners- Brazil 17%, China 8.6%, US 5.9% (2015).
Imports: Totals- $57.23 billion (2016 est). Commodities- machinery, motor vehicles, petroleum and natural gas, organic chemicals, plastics. Partners- Brazil 22.4%, US 16.3%, China 15.5%, Germany 5.1% (2015).
- Argentina's economy is Latin America's third-largest and the second largest in South America.