Argentina Economic Outlook-

If Argentina’s currency maintains its stability and weakness, the tourism industry will continue to grow. When Argentina was under the power of the Dollar, it was too expensive to visit the country resulting in underdevelopment of the tourism industry.

Argentina has a positive outlook regardless what happens to the currency and economy. Quality properties will continue to appreciate from their current levels in Buenos Aires. The value of these properties will continue to be recognized by foreigners when compared to other major cities around the world. The local economy will improve to the point where Argentines will start buying and bidding, helping the property value strengthen.

Argentina Quick Economic Indicators-

GDP real growth rate:                      6.6% (2008 est.)
GDP per capita:                                $14,500 (2008 est.)
Inflation rate (consumer prices):    22% based on non-official estimates; the much lower official rate lacks credibility (2008 est.)
Labor Force:                                    16.27 million note: urban areas only (2008 est.)
Unemployment rate:                       7.8% (September 2008)
Exports:                                           $73 billion f.o.b. (2008 est.)
Imports:                                          $59.9 billion f.o.b. (2008 est.)
External debt:                                 $135.5 billion (31 December 2008 est.)
Exchange rates:                              Argentine pesos (ARS) per US dollar –
                                                       3.1636 (2008 est.)
                                                       3.1105 (2007)
                                                       3.0543 (2006)
                                                       2.9037 (2005)
                                                       2.9233 (2004)
                                                       2.9006 (2003)
Currency code:                               ARS

source: CIA world fact book 

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