expenditures: $26.84 billion, including capital expenditures of NA
(2004 est.)

Public debt:
118% of GDP (June 2004 est.)

Agriculture - products:
sunflower seeds, lemons, soybeans, grapes, corn, tobacco, peanuts,
tea, wheat; livestock

Industries:
food processing, motor vehicles, consumer durables, textiles,
chemicals and petrochemicals, printing, metallurgy, steel

Industrial production growth rate:
12% (2004 est.)

Electricity - production:
81.39 billion kWh (2002)

Electricity - production by source:
fossil fuel: 52.2%
hydro: 40.8%
nuclear: 6.7%
other: 0.2% (2001)

Electricity - consumption:
81.65 billion kWh (2002)

Electricity - exports:
2.818 billion kWh (2002)

Electricity - imports:
8.775 billion kWh (2002)

Oil - production:
755,000 bbl/day (2004 est.)

Oil - consumption:
486,000 bbl/day (2001 est.)

Oil - exports:
NA

Oil - imports:
NA

Oil - proved reserves:
2.9 billion bbl (2004 est.)

Natural gas - production:
37.15 billion cu m (2001 est.)

Natural gas - consumption:
31.1 billion cu m (2001 est.)

Natural gas - exports:
6.05 billion cu m (2001 est.)

Natural gas - imports:
0 cu m (2001 est.)

Natural gas - proved reserves:
768 billion cu m (2004)

Current account balance:
$5.473 billion (2004 est.)

Exports:
$33.78 billion f.o.b. (2004 est.)

Exports - commodities:
edible oils, fuels and energy, cereals, feed, motor vehicles

Exports - partners:
Brazil 15.3%, Chile 10.7%, US 10.2%, China 8.7%, Spain 4.4% (2004)

Imports:
$22.06 billion f.o.b. (2004 est.)

Imports - commodities:
machinery and equipment, motor vehicles, chemicals, metal
manufactures, plastics

Imports - partners:
Brazil 36.2%, US 16.6%, Germany 5.7%, China 4.3% (2004)

Reserves of foreign exchange and gold:
$19.47 billion (2004 est.)

Debt - external:
$157.7 billion (2004 est.)

Economic aid - recipient:
$10 billion (2001 est.)

Currency (code):
Argentine peso (ARS)

Currency code:
ARS

Exchange rates:
Argentine pesos per US dollar - 2.9233 (2004), 2.9006 (2003),
3.0633 (2002), 0.9995 (2001), 0.9995 (2000)

Fiscal year:
calendar year

Communications Argentina

Telephones - main lines in use:
8,009,400 (2002)

Telephones - mobile cellular:
6.5 million (2002)

Telephone system:
general assessment: by opening the telecommunications market to
competition and foreign inves