Argentina Country Report

On the contrary, the US imports have solidly grew over the past 7 years, starting at nearly $600 billion at the end of 1993 and ending at nearly 750 billion at the end of 1999. The exports have also had a solid growth over the past decade, despite their slight decline in the 1998, which has most likely carried over to the

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1999, although no complete data are available. On the other hand, the country's exports comprise of more than 30% livestock, which it is famous for. In this case, US is the country with the growing inflation, enabling Argentina's (one of the largest trading partners) currency to strengthen and stabilize. 3%1 of its imports from the US, which totaled $1.

There is a negative relationship between US and Argentine inflation rates and the currency exchange rate. Consequently, the capital account enjoyed the highest positive balance in 1996, 1998, 1995 and the past year.

In addition, Argentina's inflation rate grows with the increase in the debit of its current account. In 1995, machinery and transport equipment comprised almost half of Argentina's imports, and the rest half was split between the chemicals and related products (mostly due to pharmaceuticals) and basic manufactures.

The US capital account has varied in the past decade. US's inflation grows at an average of more than two price index points per year faster than that of Argentina. The services account has grown also, but its debit side has declined in the 1999, implying a more favorable trade balance in the past year.

Argentina's improvement in the 1999 paralleled the US's increased debit balance of its capital and current accounts.

Imports' increased proportion of the GDP relative to those of exports' seems to lead to a country's higher GDP. In the years of 1994 and 1998, Argentina had the highest debit balance in the current account, and so was this the period of the highest inflation rate.

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