Cruising to Argentina
Following independence from Spain in 1816, Argentina experienced periods of internal political conflict between conservatives and liberals and between civilian and military factions. After World War II, a long period of Peronist authoritarian rule and interference in subsequent governments was followed by a military junta that took power in 1976.
Democracy returned in 1983, and has persisted despite numerous challenges, the most formidable of which was a severe economic crisis in 2001-02 that led to violent public protests and the resignation of several interim presidents.
Location: Southern South America, bordering the South Atlantic Ocean,
between Chile and Uruguay
Territorial sea: 12 nm
Mostly temperate; arid in southeast; subantarctic in southwest
Rich plains of the Pampas in northern half, flat to rolling plateau of Patagonia in south, rugged Andes along western border
Lowest point: Laguna del Carbon -105 m (located between Puerto San
Julian and Comandante Luis Piedra Buena in the province of Santa Cruz)
Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Over the past decade, however, the country has suffered problems of inflation, external debt, capital flight, and budget deficits. Growth in 2000 was a negative 0.8%, as both domestic and foreign investors remained skeptical of the government's ability to pay debts and maintain the peso's fixed exchange rate with the US dollar.
The economic situation worsened in 2001 with the widening of spreads on Argentine bonds, massive withdrawals from the banks, and a further decline in consumer and investor confidence. Government efforts to achieve a "zero deficit," to stabilize the banking system, and to restore economic growth proved inadequate in the face of the mounting economic problems. The peso's peg to the dollar was abandoned in January 2002, and the peso was floated in February.
The exchange rate plunged and real GDP fell by 10.9% in 2002, but by mid-year the economy had stabilized, albeit at a lower level. GDP expanded by about 9% per year from 2003 to 2005. Growth is being led by a revival in domestic demand, solid exports, and favorable external conditions. The government boosted spending ahead of the October 2005 midterm congressional elections, but strong revenue performance allowed Argentina to maintain a budget surplus. Inflation has been rising steadily and reached 12.3 percent in 2005.
Airports: 1,333 (2005)
11,000 km (2005)
Total: 37 ships (1000 GRT or over) 379,788 GRT/609,005 DWT
Sailing Specifics: Ports and terminals
Bahia Blanca, Buenos Aires, Concepcion del Uruguay, La Plata, Punta Colorada, Rosario, San Lorenzo-San Martin, San Nicolas
Argentina continues to assert its claims to the UK-administered Falkland Islands (Islas Malvinas) and South Georgia and the South Sandwich Islands in its constitution, forcibly occupying the Falklands in 1982, but in 1995 agreed no longer to seek settlement by force; territorial claim in Antarctica partially overlaps UK and Chilean claims (see Antarctic disputes).
Unruly region at convergence of Argentina-Brazil-Paraguay borders is locus of money laundering, smuggling, arms and illegal narcotics trafficking, and fundraising for extremist organizations; uncontested dispute between Brazil and Uruguay over Braziliera Island in the Quarai/Cuareim River leaves the tripoint with Argentina in question
Other Sailing Destinations in the Region
Argentina - Belize - Brazil - Chile - Colombia - Costa Rica - Ecuador - El Salvador - French Guiana - Guatemala - Guyana - Honduras - Mexico - Nicaragua - Panama - Peru - St. Pierre and Miquelon - Suriname - Uruguay - Venezuela