The economy of Argentina is an upper middle-income economy, and Latin America's third-largest. The nation has a high quality of life and GDP per capita, which is since 2011 the highest in Latin America.
The country benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector and a diversified industrial base. Historically, however, Argentina's economic performance has been very uneven, in which high economic growth alternated with severe recessions, particularly during the late twentieth century, and income maldistribution and poverty increased. Early in the twentieth century it was one of the richest countries in the world and the richest in the Southern hemisphere, though it is now an upper-middle income country.
Argentina is considered an emerging market by the FTSE Global Equity Index, and is one of the G-20 major economies.
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“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)