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Buenos Aires, Argentina News
About Buenos Aires, Argentina Buenos Aires is the economic center of Argentina. The city accounts for about 60% of GDP and 80% of Argentina’s industrial production. The economy has grown by 31.4% since the first quarter of 2002 and 8% in September 2006. GDP is increasing steadily, in 2005 and 2004 it grew by 9% annually compared to 2003 with an 8% growth. The economic growth is the highest in Latin America and one of the highest in the world for the period 2003 to the first quarter of 2005. Last year the state cleared the 50 year old debt of $9 billion to the IMF (International Monetary Fund). This has resulted in high fiscal surplus – estimated 3.5% of the GDP. Inflation is forecasted to drop by approximately 2% by 2007.Domestic and International tourism has grown +16.6% for the second quarter of 2006. Argentina offers a host of tourist attractions from the buzz of Buenos Aires, to skiing on the slopes of Patagonia, wildlife safaris plus adventure sports such as rafting, gliding and trekking. Argentina also has a varied and interesting history, you can visit the holy cities, legendary ruins and museums. Culture is very important to the Argentines and you can enjoy the traditions of dance, folklore and music. 40% of real estate in Argentina is purchased by International investors mainly from Europe, USA, Canada, Brazil and Chile. Argentina is the most developed country in Latin America; it has the highest GDP per capita, the highest level of education, good infrastructure, and strong telecommunications industry including mobile, internet and wideband services. Other Major Cities:
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