Part 33

Languages: Spanish (official), English, Italian, German, French

Literacy: age 15 and over can read and write (1995 est.) total population: 96.2% male: 96.2% female: 96.2%

Government ----------

Name of country: conventional long form: Argentine Republic conventional short form: Argentina local long form: Republica Argentina local short form: Argentina

Data code: AR

Type of government: republic

Capital: Buenos Aires

Administrative divisions: 23 provinces (provincias, singular - provincia), and 1 federal district* (distrito federal); Buenos Aires; Catamarca; Chaco; Chubut; Cordoba; Corrientes; Distrito Federal*; Entre Rios; Formosa; Jujuy; La Pampa; La Rioja; Mendoza; Misiones; Neuquen; Rio Negro; Salta; San Juan; San Luis; Santa Cruz; Santa Fe; Santiago del Estero; Tierra del Fuego, Antartida e Islas del Atlantico Sur; Tucuman note: the US does not recognize any claims to Antarctica or Argentina's claims to the Falkland Islands

Independence: 9 July 1816 (from Spain)

National holiday: Revolution Day, 25 May (1810)

Constitution: 1 May 1853; revised August 1994

Legal system: mixture of US and West European legal systems; has not accepted compulsory ICJ jurisdiction

Suffrage: 18 years of age; universal

Executive branch: chief of state and head of government: President Carlos Saul MENEM (since 8 July 1989) was elected for a four-year term by universal suffrage; election last held 14 May 1995 (next to be held May 1999); results - Carlos Saul MENEM was reelected; Vice President Carlos RUCKAUF cabinet: Cabinet was appointed by the president

Legislative branch: bicameral National Congress (Congreso Nacional) Senate: elections last held NA May 1995 (next to be held NA); results - percent of vote by party NA; seats - (72 total) PJ 38, others 34 Chamber of Deputies: one-half of the members elected every two years to four-year terms; elections last held 14 May 1995; (next to be held NA 1997); results - percent of vote by party NA; seats - (257 total) PJ 132, UCR 68, Frepaso 26, other 31

Judicial branch: Supreme Court (Corte Suprema), the nine Supreme Court judges are appointed by the president with approval of the Senate

Political parties and leaders: Justicialist Party (PJ), Carlos Saul MENEM, Peronist umbrella political organization; Radical Civic Union (UCR), Rodolfo TERRAGNO, moderately left-of-center party; Union of the Democratic Center (UCD), conservative party; Dignity and Independence Political Party (MODIN), Aldo RICO, right-wing party; Grand Front (Frente Grande), Carlos ALVAREZ, center-left coalition; Front for a Country in Solidarity (Frepaso, a four party coalition), leader Jose Octavio BORDON; several provincial parties

Other political or pressure groups: Peronist-dominated labor movement; General Confederation of Labor (CGT), Peronist-leaning umbrella labor organization; Argentine Industrial Union (manufacturers' association); Argentine Rural Society (large landowners' association); business organizations; students; the Roman Catholic Church; the Armed Forces

International organization participation: AfDB, AG (observer), Australia Group, BCIE, CCC, ECLAC, FAO, G- 6, G-11, G-15, G-19, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, LAES, LAIA, Mercosur, MINURSO, MTCR, NSG (observer), OAS, OPANAL, PCA, RG, UN, UN Security Council (temporary), UNAMIR, UNAVEM III, UNCRO, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, UNIKOM, UNITAR, UNMIH, UNTSO, UNU, UPU, WCL, WFTU, WHO, WIPO, WMO, WToO, WTrO

Diplomatic representation in US: chief of mission: Ambassador Raul Enrique GRANILLO OCAMPO chancery: 1600 New Hampshire Avenue NW, Washington, DC 20009 telephone: (202) 939-6400 through 6403 consulate(s) general: Atlanta, Chicago, Houston, Los Angeles, Miami, New Orleans, New York, San Francisco, and San Juan (Puerto Rico)

US diplomatic representation: chief of mission: Ambassador James R. CHEEK embassy: 4300 Colombia, 1425 Buenos Aires mailing address: Unit 4334, APO AA 34034 telephone: (1) 777-4533, 4534 FAX: (1) 777-0197

Flag: three equal horizontal bands of light blue (top), white, and light blue; centered in the white band is a radiant yellow sun with a human face known as the Sun of May

Economy -------

Economic overview: Argentina, rich in natural resources, benefits also from a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Nevertheless, following decades of mismanagement and statist policies, the economy in the late 1980s was plagued with huge external debts and recurring bouts of hyperinflation. Elected in 1989, in the depths of recession, President MENEM has implemented a comprehensive economic restructuring program that shows signs of putting Argentina on a path of stable, sustainable growth. Argentina's currency has traded at par with the US dollar since April 1991, and inflation has fallen to its lowest level in 20 years. Argentines have responded to the relative price stability by repatriating flight capital and investing in domestic industry. After registering impressive 7.4% growth in 1994, based largely on inflows of foreign capital and strong domestic consumption, the Argentine economy stumbled in 1995 as financial pressures fueled by the Mexican peso crisis and political squabbling within the MENEM administration undermined investor confidence and triggered capital outflows. By yearend, GDP had contracted 4.4%, unemployment reached 16%, and Buenos Aires struggled to meet fiscal targets. On the trade front, exports soared during the first half of 1995 - largely because of strong demand in Brazil and high commodity prices - while anemic domestic consumption lowered imports; the resulting yearend trade surplus was about $1.2 billion. However, because exports contribute only 7.5% to GDP, increased foreign sales had little impact on aggregate growth. High unemployment will continue to plague the MENEM administration for the next several years as provincial entities are readied for privatization and more public sector employees are laid off.

GDP: purchasing power parity - $278.5 billion (1995 est.)

GDP real growth rate: -4.4%

GDP per capita: $8,100 (1995 est.)

GDP composition by sector: agriculture: 6% industry: 31% services: 63% (1992 est.)