Argentina in South America
Argentina, formally known as the Argentine Republic is a federal republic found in the southeastern part of South America. Sharing the Southern Cone with its neighbor Chile, it is bordering Bolivia and Paraguay to the north; Brazil to the northeast; Uruguay and the South Atlantic Ocean to the east; Chile to the west and the Drake Passage to the south.
Argentina has an area of about 2,780,400 km2 and it is the eighth biggest country in the world, the second biggest in Latin America, and the biggest Spanish-speaking one. The country claims sway over some parts of Antarctica, the Falkland Islands, South Georgia, and the South Sandwich Islands.
Argentina is a historical and current middle power and a famous Latin American and Southern Cone regional power, it is also one of the G-15 and G-20 major economies and Latin America’s third-biggest. It is additionally a founding member of the United Nations, WBG, WTO, Mercosur, UNASUR, CELAC, and OEI. Due to its stability, market size, and expanding share of the high tech sector, Argentina is classed by investors as a middle developing economy with a “high” rating on the Human Development Index.
Argentina’s tourism industry is described by its cultural offerings and its ample and varied natural assets. The nation had 5.28 million guests in 2010, ranking in terms of international traveler arrivals as the top destination in South America, and second in Latin America after Mexico. Revenues from international travelers reached US$4.93 billion in 2010, up from US$3,96 billion in 2009. The nation’s capital city, Buenos Aires, is the most visited city in South America.
The World Economic Forum assessed that, in 2006 tourism generated about US$25 billion in economic turnover, and employed 1.8 million. Local tourism added up to about 80% of this and international tourism contributed US$4.3 billion, becoming the third biggest source of foreign exchange in 2004.
Around 4.6 million international tourists arrived in Argentina in 2007, yielding a positive balance vis-à-vis the number of Argentine tourists traveling abroad. The country has been upgrading its international presence as a tourism destination by increasing investments in global tourism. The latest push can be seen by Aerolineas Argentinas, the country’s national carrier, including international routes from the United States and Europe.
INDEC recorded 2.3 million international travelers entries in 2007 which is about 12% increase, at the Ministro Pistarini International Airport, alone (about 50% of the total); of these, 26% arrived from Brazil, 25% from Europe, 14% from the United States and Canada, 8% from Chile, 19% from rest of the Western Hemisphere and 8% from the rest of the World.