| Interest Rate | 22.50% |
| Inflation Rate | 10.90% |
| Debt/GDP | 45.60% |
| Current Account | 00.90 |
Sticky breaking to see what the go is with Argentina defaulting on bonds. It has a very high interest rate compared to the countries that are doing OK - eg. UK interest rate 0.5%, Germany and France both at 0.15% and Australia at 2.5%.
Inflation rate is high (as is that of Venezuela and Iran).
Inflation rate is high (as is that of Venezuela and Iran).
Countries with low inflation include US and its allies. Debt to GDP figure doesn't seem that high.
Not far more than Sweden. But Sweden has a positive current account figure, low inflation and low interest rates.
The current account is a country's Goods and Services figure minus Imports (ie what it's making vs what it's spending, and a few other things in equation, I think). Current account explanation is here.
Argentina's current account being in the negative, it doesn't have foreign wealth. It is a borrower from foreign sources.
So what has Argentina got? Found a cool site that lists resources - here. Bit too involved for me, but cool info.
According to another site, country reports org - here:
| Argentina - Exports | |
|---|---|
Major Exports
| Top Export Partners
|
So Argentina's main big dollar export potential would be the petroleum and gas? However, Argentina also imports:
"machinery, motor vehicles, petroleum and natural gas, organic chemicals, plastics"Confused now that 'petrolum and natural gas' is on the list.
Think it might be best to just try to find the 'why is Argentina in default' information in a news article, because my snooping's getting nowhere.
At this rate, I'd take days to make out what's going on -- and I haven't got days, I'm starving now.
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