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Nineteen million Argentines - nearly six out of every 10 people - live on or below the poverty line, new statistics show.

Almost 58% of Argentines now live on or below the poverty line according to the government's own figures.

In 2002, more than 57 percent of the population was below the poverty line, but at the end of 2005, the amount was 33.8 percent. In 2002, unemployment was more than 25 percent, but by December 2005 it was 10.2 percent. GDP per capita has surpassed the previous prerecession peak of 1998. The economy grew 8.9 percent in 2003, 9.0 percent in 2004, and 9.2 percent in 2005; the floor was set at 7 percent for 2006.

As of 2006 foreign debt stands at 68 percent of GDP and is slowly decreasing.

2006-08-16 21:00:00 · answer #1 · answered by Anonymous · 0 0

Argentina I don't know much about that country

2006-08-16 21:00:36 · answer #2 · answered by boy_jam_arch 6 · 0 2

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