Chapter 6
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.)
Inflation rate (consumer prices): 1.7% (1995 est.)
Labor force: 10.9 million by occupation: agriculture 12%, industry 31%, services 57% (1985 est.)
Unemployment rate: 16% (1995 est.)
Budget: revenues: $48.46 billion expenditures: $46.5 billion, including capital expenditures of $3.5 billion (1994 est.)
Industries: food processing, motor vehicles, consumer durables, textiles, chemicals and petrochemicals, printing, metallurgy, steel
Industrial production growth rate: -4.6% (1995 est.)
Electricity: capacity: 17,330,000 kW production: 54.8 billion kWh consumption per capita: 1,610 kWh (1993)
Agriculture: wheat, corn, sorghum, soybeans, sugar beets; livestock
Illicit drugs: increasing use as a transshipment country for cocaine headed for Europe and the US
Exports: $20.7 billion (f.o.b., 1995) commodities: meat, wheat, corn, oilseed, manufactures partners: US 9%, Brazil, Italy, Japan, Netherlands
Imports: $19.5 billion (c.i.f., 1995) commodities: machinery and equipment, chemicals, metals, fuels and lubricants, agricultural products partners: US 21%, Brazil, Germany, Bolivia, Japan, Italy, Netherlands
External debt: $90 billion (December 1995)
Economic aid: $NA
Currency: 1 nuevo peso argentino = 100 centavos
Exchange rates: pesos per US$1 - 1.00000 (January 1996), 0.99975 (1995), 0.99901 (1994), 0.99895 (1993), 0.99064 (1992), 0.95355 (1991)
Fiscal year: calendar year
Transportation --------------
Railways: total: 37,910 km broad gauge: 24,124 km 1.676-m gauge (142 km electrified) standard gauge: 2,765 km 1.435-m gauge narrow gauge: 11,021 km 1.000-m gauge (26 km electrified)
Highways: total: 215,578 km paved: 61,440 km unpaved: 154,138 km
Waterways: 11,000 km navigable
Pipelines: crude oil 4,090 km; petroleum products 2,900 km; natural gas 9,918 km
Ports: Bahia Blanca, Buenos Aires, Comodoro Rivadavia, Concepcion del Uruguay, La Plata, Mar del Plata, Necochea, Rio Gallegos, Rosario, Santa Fe, Ushuaia
Merchant marine: total: 37 ships (1,000 GRT or over) totaling 303,448 GRT/458,864 DWT ships by type: bulk 1, cargo 11, chemical tanker 1, container 3, oil tanker 14, railcar carrier 1, refrigerated cargo 5, roll-on/roll-off cargo 1 (1995 est.)
Airports: total: 1,253 with paved runways over 3 047 m: 5 with paved runways 2 438 to 3 047 m: 25 with paved runways 1 524 to 2 437 m: 54 with paved runways 914 to 1 523 m: 46 with paved runways under 914 m: 511 with unpaved runways over 3 047 m: 1 with unpaved runways 2 438 to 3 047 m: 2 with unpaved runways 1 524 to 2 437 m: 60 with unpaved runways 914 to 1 523 m: 549 (1995 est.)
Communications --------------
Telephones: 2.7 million (1983 est.)
Telephone system: 12,000 public telephones; extensive modern system but many families do not have telephones; despite extensive use of microwave radio relay, the telephone system frequently grounds out during rainstorms, even in Buenos Aires domestic: microwave radio relay and a domestic satellite system with 40 earth stations serve the trunk network international: satellite earth stations - 2 Intelsat (Atlantic Ocean)
Radio broadcast stations: AM 171, FM 0, shortwave 13
Radios: 22.3 million (1991 est.)
Television broadcast stations: 231
Televisions: 7.165 million (1991 est.)
Defense -------
Branches: Argentine Army, Navy of the Argentine Republic, Argentine Air Force, National Gendarmerie, Argentine Naval Prefecture (Coast Guard only), National Aeronautical Police Force
Manpower availability: males age 15-49: 8,707,014 males fit for military service: 7,063,304 males reach military age (20) annually: 310,107 (1996 est.)
Defense expenditures: exchange rate conversion - $4.7 billion, 1.5% of GDP (1995)
======================================================================
@Armenia -------
Map ---
Location: 40 00 N, 45 00 E -- Southwestern Asia, east of Turkey
Flag ----
Description: three equal horizontal bands of red (top), blue, and gold
Geography ---------
Location: Southwestern Asia, east of Turkey
Geographic coordinates: 40 00 N, 45 00 E
Map references: Commonwealth of Independent States
Area: total area: 29,800 sq km land area: 28,400 sq km comparative area: slightly larger than Maryland
Land boundaries: total: 1,254 km border countries: Azerbaijan-proper 566 km, Azerbaijan-Naxcivan exclave 221 km, Georgia 164 km, Iran 35 km, Turkey 268 km
Coastline: 0 km (landlocked)
Maritime claims: none (landlocked)
International disputes: supports ethnic Armenians in Nagorno-Karabakh in their separatist conflict against the Azerbaijani Government; traditional demands on former Armenian lands in Turkey have subsided
Climate: highland continental, hot summers, cold winters
Terrain: high Armenian Plateau with mountains; little forest land; fast flowing rivers; good soil in Aras River valley lowest point: Debed River 400 m highest point: Aragats Lerr 4,095 m
Natural resources: small deposits of gold, copper, molybdenum, zinc, alumina
Land use: arable land: 17% permanent crops: 3% meadows and pastures: 20% forest and woodland: 0% other: 60%
Irrigated land: 3,050 sq km (1990)
Environment: current issues: soil pollution from toxic chemicals such as DDT; energy blockade, the result of conflict with Azerbaijan, has led to deforestation as citizens scavenge for firewood; pollution of Hrazdan (Razdan) and Aras Rivers; the draining of Sevana Lich, a result of its use as a source for hydropower, threatens drinking water supplies; restart of Metsamor nuclear power plant without adequate (IAEA-recommended) safety and backup systems natural hazards: occasionally severe earthquakes; droughts international agreements: party to - Biodiversity, Climate Change, Nuclear Test Ban, Wetlands; signed, but not ratified - Desertification
Geographic note: landlocked
People ------
Population: 3,463,574 (July 1996 est.)
Age structure: 0-14 years: 28% (male 497,461; female 476,649) 15-64 years: 64% (male 1,085,935; female 1,132,282) 65 years and over: 8% (male 111,661; female 159,586) (July 1996 est.)
Population growth rate: 0.02% (1996 est.)
Birth rate: 16.27 births/1,000 population (1996 est.)
Death rate: 7.73 deaths/1,000 population (1996 est.)
Net migration rate: -8.3 migrant(s)/1,000 population (1996 est.)
Sex ratio: at birth: 1.05 male(s)/female under 15 years: 1.04 male(s)/female 15-64 years: 0.96 male(s)/female 65 years and over: 0.7 male(s)/female all ages: 0.96 male(s)/female (1996 est.)
Infant mortality rate: 38.9 deaths/1,000 live births (1996 est.)
Life expectancy at birth: total population: 69.06 years male: 64.44 years female: 73.92 years (1996 est.)
Total fertility rate: 2.06 children born/woman (1996 est.)
Nationality: noun: Armenian(s) adjective: Armenian
Ethnic divisions: Armenian 93%, Azeri 3%, Russian 2%, other (mostly Yezidi Kurds) 2% (1989) note: as of the end of 1993, virtually all Azeris had emigrated from ======================================================================
@Aruba -----
(part of the Dutch realm)
Map ---
Location: 12 30 N, 69 58 W -- Caribbean, island in the Caribbean Sea, north of Venezuela
Flag ----
Description: blue with two narrow horizontal yellow stripes across the lower portion and a red, four-pointed star outlined in white in the upper hoist-side corner
Geography ---------
Location: Caribbean, island in the Caribbean Sea, north of Venezuela
Geographic coordinates: 12 30 N, 69 58 W
Map references: Central America and the Caribbean
Area: total area: 193 sq km land area: 193 sq km comparative area: slightly larger than Washington, DC
Land boundaries: 0 km
Coastline: 68.5 km
Maritime claims: territorial sea: 12 nm
International disputes: none
Climate: tropical marine; little seasonal temperature variation
Terrain: flat with a few hills; scant vegetation lowest point: Caribbean Sea 0 m highest point: Mount Jamanota 188 m
Natural resources: negligible; white sandy beaches
Land use: arable land: 0% permanent crops: 0% meadows and pastures: 0% forest and woodland: 0% other: 100%
Irrigated land: NA sq km
Environment: current issues: NA natural hazards: lies outside the Caribbean hurricane belt international agreements: NA
People ------
Population: 67,794 (July 1996 est.)
Age structure: 0-14 years: 22% (male 7,850; female 7,155) 15-64 years: 69% (male 22,499; female 24,596) 65 years and over: 9% (male 2,353; female 3,341) (July 1996 est.)
Population growth rate: 0.31% (1996 est.)
Birth rate: 14.62 births/1,000 population (1996 est.)
Death rate: 6.24 deaths/1,000 population (1996 est.)
Net migration rate: -5.31 migrant(s)/1,000 population (1996 est.)
Sex ratio: at birth: 1.05 male(s)/female under 15 years: 1.1 male(s)/female 15-64 years: 0.92 male(s)/female 65 years and over: 0.7 male(s)/female all ages: 0.93 male(s)/female
Infant mortality rate: 8.2 deaths/1,000 live births (1996 est.)
Life expectancy at birth: total population: 76.68 years male: 73 years female: 80.55 years (1996 est.)
Total fertility rate: 1.81 children born/woman (1996 est.)
Nationality: noun: Aruban(s) adjective: Aruban
Ethnic divisions: mixed European/Caribbean Indian 80%
Religions: Roman Catholic 82%, Protestant 8%, Hindu, Muslim, Confucian, Jewish
Languages: Dutch (official), Papiamento (a Spanish, Portuguese, Dutch, English dialect), English (widely spoken), Spanish
Literacy: NA
Government ----------
Name of country: conventional long form: none conventional short form: Aruba
Data code: AA
Type of government: part of the Dutch realm; full autonomy in internal affairs obtained in 1986 upon separation from the Netherlands Antilles
Capital: Oranjestad
Administrative divisions: none (self-governing part of the Netherlands)
Independence: none (part of the Dutch realm; in 1990, Aruba requested and received from the Netherlands cancellation of the agreement to automatically give independence to the island in 1996)
National holiday: Flag Day, 18 March
Constitution: 1 January 1986
Legal system: based on Dutch civil law system, with some English common law influence
Suffrage: 18 years of age; universal
Executive branch: chief of state: Queen BEATRIX Wilhelmina Armgard (of the Netherlands since 30 April 1980), a constitutional monarch, is represented by Governor General Olindo KOOLMAN (since 1 January 1992) who was appointed for a six-year term by the queen head of government: Prime Minister Jan (Henny) H. EMAN (since 29 July 1994) and Deputy Prime Minister Glenbert F. CROES were appointed by the legislature cabinet: Council of Ministers was appointed by the legislature
Legislative branch: unicameral Legislature (Staten): elections last held 29 July 1994 (next to be held by NA July 1998); results - percent of vote by party NA; seats - (21 total) AVP 10, MEP 9, OLA 2
Judicial branch: Joint High Court of Justice
Political parties and leaders: Electoral Movement Party (MEP), Nelson ODUBER; Aruban People's Party (AVP), Jan (Henny) H. EMAN; National Democratic Action (ADN), Pedro Charro KELLY; New Patriotic Party (PPN), Eddy WERLEMEN; Aruban Patriotic Party (PPA), Benny NISBET; Aruban Democratic Party (PDA), Leo BERLINSKI; Democratic Action '86 (AD '86), Arturo ODUBER; Aruban Liberal Party (OLA), Glenbert CROES note: governing coalition includes the AVP and OLA
International organization participation: ECLAC (associate), Interpol, IOC, UNESCO (associate), WCL, WToO (associate)
Diplomatic representation in US: none (self-governing part of the Netherlands)
US diplomatic representation: none (self-governing part of the Netherlands)
Flag: blue with two narrow horizontal yellow stripes across the lower portion and a red, four-pointed star outlined in white in the upper hoist-side corner
Economy -------
Economic overview: Tourism is the mainstay of the Aruban economy, although offshore banking and oil refining and storage are also important. The rapid growth of the tourism sector over the last decade has resulted in a substantial expansion of other activities. Construction has boomed, with hotel capacity five times the 1985 level. In addition, the reopening of the country's oil refinery in 1993, a major source of employment and foreign exchange earnings, has further spurred growth. Aruba's small labor force and less than 1% unemployment rate have led to a large number of unfilled job vacancies despite sharp rises in wage rates in recent years.
GDP: purchasing power parity - $1.2 billion (1994 est.)
GDP real growth rate: 6.1% (1994 est.)
GDP per capita: $18,000 (1994 est.)
GDP composition by sector: agriculture: NA% industry: NA% services: NA%
Inflation rate (consumer prices): 6.1% (1994)
Labor force: NA by occupation: most employment is in the tourist industry (1995)
Unemployment rate: 0.5% (1994)
Budget: revenues: $145 million expenditures: $185 million, including capital expenditures of $42 million (1988)
Industries: tourism, transshipment facilities, oil refining
Industrial production growth rate: NA%
Electricity: capacity: 90,000 kW production: 330 million kWh consumption per capita: 4,761 kWh (1993)
Agriculture: aloes; livestock; fishing
Illicit drugs: major drug money laundering center and minor transit point for narcotics bound for the US and Europe
Exports: $1.3 billion (including oil re-exports) (f.o.b., 1994) commodities: mostly refined petroleum products partners: US 64%, EU
Imports: $1.6 billion (f.o.b., 1994) commodities: food, consumer goods, manufactures, petroleum products, crude oil for refining and reexport partners: US 8%, EU
External debt: $669 million (December 1995)
Economic aid: $NA
Currency: 1 Aruban florin (Af.) = 100 cents
Exchange rates: Aruban florins (Af.) per US$1 - 1.7900 (fixed rate since 1986)
Fiscal year: calendar year
Transportation --------------
Railways: 0 km
Highways: total: NA km paved: NA km unpaved: NA km
Ports: Barcadera, Oranjestad, Sint Nicolaas
Merchant marine: none
Airports: total: 2 with paved runways 2 438 to 3 047 m: 1 with paved runways 914 to 1 523 m: 1 note: government-owned airport east of Oranjestad accepts transatlantic flights (1995 est.)
Communications --------------
Telephones: 22,922 (1993 est.)
Telephone system: domestic: more than adequate international: 1 submarine cable to Sint Maarten (Netherlands Antilles); extensive interisland microwave radio relay links
Radio broadcast stations: AM 4, FM 4, shortwave 0
Radios: NA
Television broadcast stations: 1
Televisions: 19,000 (1993 est.)
Defense -------
Defense note: defense is the responsibility of the Netherlands
======================================================================
@Ashmore and Cartier Islands ---------------------------
(territory of Australia)
Map ---
Location: 12 14 S, 123 05 E -- Southeastern Asia, islands in the Indian Ocean, northwest of Australia
Flag ----
Description: the flag of Australia is used
Geography ---------
Location: Southeastern Asia, islands in the Indian Ocean, northwest of Australia
Geographic coordinates: 12 14 S, 123 05 E
Map references: Southeast Asia
Area: total area: 5 sq km land area: 5 sq km comparative area: about eight times the size of The Mall in Washington, DC note: includes Ashmore Reef (West, Middle, and East Islets) and Cartier Island
Land boundaries: 0 km
Coastline: 74.1 km
Maritime claims: contiguous zone: 12 nm continental shelf: 200-m depth or to the depth of exploitation exclusive fishing zone: 200 nm territorial sea: 3 nm
International disputes: none
Climate: tropical
Terrain: low with sand and coral lowest point: Indian Ocean 0 m highest point: unnamed location 3 m
Natural resources: fish
Land use: arable land: 0% permanent crops: 0% meadows and pastures: 0% forest and woodland: 0% other: 100% (all grass and sand)
Irrigated land: 0 sq km
Environment: current issues: NA natural hazards: surrounded by shoals and reefs that can pose maritime hazards international agreements: NA
Geographic note: Ashmore Reef National Nature Reserve established in August 1983
People ------
Population: no indigenous inhabitants; note - there are only seasonal caretakers
Government ----------
Name of country: conventional long form: Territory of Ashmore and Cartier Islands conventional short form: Ashmore and Cartier Islands
Data code: AT
Type of government: territory of Australia administered by the Australian Ministry for the Environment, Sport, and Territories
Capital: none; administered from Canberra, Australia
Administrative divisions: none (territory of Australia)
Independence: none (territory of Australia)
Legal system: relevant laws of the Northern Territory of Australia
Diplomatic representation in US: none (territory of Australia)
US diplomatic representation: none (territory of Australia)
Flag: the flag of Australia is used
Economy -------
Economic overview: no economic activity
Transportation --------------
Ports: none; offshore anchorage only
Defense -------
Defense note: defense is the responsibility of Australia; periodic visits by the Royal Australian Navy and Royal Australian Air Force
======================================================================
@Atlantic Ocean --------------
Map ---
Location: 0 00 N, 25 00 W -- body of water between Africa, Europe, Antarctica, and the Western Hemisphere
Geography ---------
Location: body of water between Africa, Europe, Antarctica, and the Western Hemisphere
Geographic coordinates: 0 00 N, 25 00 W
Map references: World
Area: total area: 82.217 million sq km comparative area: slightly less than nine times the size of the US; second-largest of the world's four oceans (after the Pacific Ocean, but larger than Indian Ocean or Arctic Ocean) note: includes Baltic Sea, Black Sea, Caribbean Sea, Davis Strait, Denmark Strait, Drake Passage, Gulf of Mexico, Mediterranean Sea, North Sea, Norwegian Sea, Scotia Sea, Weddell Sea, and other tributary water bodies
Coastline: 111,866 km
International disputes: some maritime disputes (see littoral states)
Climate: tropical cyclones (hurricanes) develop off the coast of Africa near Cape Verde and move westward into the Caribbean Sea; hurricanes can occur from May to December, but are most frequent from August to November
Terrain: surface usually covered with sea ice in Labrador Sea, Denmark Strait, and Baltic Sea from October to June; clockwise warm water gyre (broad, circular system of currents) in the northern Atlantic, counterclockwise warm water gyre in the southern Atlantic; the ocean floor is dominated by the Mid-Atlantic Ridge, a rugged north-south centerline for the entire Atlantic basin lowest point: Puerto Rico Trench -8,605 m highest point: sea level 0 m
Natural resources: oil and gas fields, fish, marine mammals (seals and whales), sand and gravel aggregates, placer deposits, polymetallic nodules, precious stones
Environment: current issues: endangered marine species include the manatee, seals, sea lions, turtles, and whales; drift net fishing is hastening the decline of fish stocks and contributing to international disputes; municipal sludge pollution off eastern US, southern Brazil, and eastern Argentina; oil pollution in Caribbean Sea, Gulf of Mexico, Lake Maracaibo, Mediterranean Sea, and North Sea; industrial waste and municipal sewage pollution in Baltic Sea, North Sea, and Mediterranean Sea natural hazards: icebergs common in Davis Strait, Denmark Strait, and the northwestern Atlantic Ocean from February to August and have been spotted as far south as Bermuda and the Madeira Islands; icebergs from Antarctica occur in the extreme southern Atlantic Ocean; ships subject to superstructure icing in extreme northern Atlantic from October to May and extreme southern Atlantic from May to October; persistent fog can be a maritime hazard from May to September international agreements: NA
Geographic note: major choke points include the Dardanelles, Strait of Gibraltar, access to the Panama and Suez Canals; strategic straits include the Strait of Dover, Straits of Florida, Mona Passage, The Sound (Oresund), and Windward Passage; the Equator divides the Atlantic Ocean into the North Atlantic Ocean and South ======================================================================
@Australia ---------
Map ---
Location: 27 00 S, 133 00 E -- Oceania, continent between the Indian Ocean and the South Pacific Ocean
Flag ----
Description: blue with the flag of the UK in the upper hoist-side quadrant and a large seven-pointed star in the lower hoist-side quadrant; the remaining half is a representation of the Southern Cross constellation in white with one small five-pointed star and four, larger, seven-pointed stars
Geography ---------
Location: Oceania, continent between the Indian Ocean and the South Pacific Ocean
Geographic coordinates: 27 00 S, 133 00 E
Map references: Oceania
Area: total area: 7,686,850 sq km land area: 7,617,930 sq km comparative area: slightly smaller than the US note: includes Macquarie Island
Land boundaries: 0 km
Coastline: 25,760 km
Maritime claims: contiguous zone: 24 nm continental shelf: 200 nm or to the edge of the continental margin exclusive economic zone: 200 nm territorial sea: 12 nm
International disputes: territorial claim in Antarctica (Australian Antarctic Territory)
Climate: generally arid to semiarid; temperate in south and east; tropical in north