Miller Magazine Issue: 145 January 2022

83 Country Profile MILLER / january 2022 Argentina is a resource-rich country with enormous potential for development. It is a leading food producer with large-scale agricultural and livestock industries. The South American country is the world’s top exporter of processed soy, world's No. 2 for corn exporter and a major wheat suppli- er. Argentina's 2021/22 wheat production is expected at a record 20.3 million tonnes. Argentina is the second largest country of Latin America, just after Brazil, at 2.78 million km2, and the fourth most pop- ulous with a population of 44 million people. With a Gross Domestic Product (GDP) of approximately US$400 billion, Argentina is one of the largest economies in Latin America. Comprising almost the entire southern half of South Amer- ica, Argentina benefits from rich natural resources, a high- ly literate population, an export-oriented agricultural sector, and a diversified industrial base. Although one of the world's wealthiest countries 100 years ago, Argentina suffered during most of the 20th century from recurring economic crises, persistent fiscal and current account deficits, high inflation, mounting external debt, and capital flight. Argentina grain outlook