The 2006-07 period was marked by significant economic growth in Argentina. The country experienced a Gross Domestic Product (GDP) growth rate of 8.5%, one of the highest in the region. This growth was driven by:
Low unemployment (below 8%)
Table 1: Key Economic Indicators (2006-07)
Indicator | 2006 | 2007 |
---|---|---|
GDP Growth Rate | 8.7% | 8.5% |
Inflation Rate | 10.9% | 8.5% |
Unemployment Rate | 8.5% | 7.9% |
Trade Surplus | $12.5 billion | $20.0 billion |
Despite the economic growth, Argentina faced significant political turmoil during this period. President Néstor Kirchner, who had been elected in 2003, faced criticism for his heavy-handed rule and his attempts to increase his power.
In 2007, a group of opposition lawmakers led by Elisa Carrió accused Kirchner and his wife, Cristina Fernández de Kirchner, of corruption and money laundering. These allegations led to widespread protests and a political crisis that culminated in the defeat of Kirchner's party in the 2007 midterm elections.
In October 2007, Cristina Fernández de Kirchner was elected president, becoming the first woman to hold the office. She continued her husband's policies of economic expansion and social reform, but also made efforts to improve relations with the international community.
During the 2006-07 period, Argentina's foreign policy was marked by:
The Kirchner government invested heavily in education and health. School enrollment rates increased, and the quality of healthcare improved.
Despite the economic growth, poverty and inequality remained significant challenges in Argentina. In 2007, the poverty rate was estimated to be around 16%, and the income gap between the rich and poor was growing.
Indicator | Value |
---|---|
School Enrollment Rate (primary and secondary) | 96% |
Infant Mortality Rate | 13.5 per 1,000 live births |
Poverty Rate | 16% |
Gini Coefficient (income inequality) | 0.43 |
Inflation remained a challenge for Argentina, despite government efforts to control it. In 2007, the inflation rate reached 8.5%.
Argentina's external debt stood at $136 billion in 2007, a significant burden on the economy.
Argentina is a vibrant and fascinating country with a rich history, culture, and natural beauty. Whether you are interested in history, art, nature, or nightlife, Argentina has something to offer everyone. Plan your trip today and discover the wonders of this South American gem!
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