Argentina's economy, which is one of the more powerful in the region, is dependent on services and manufacturing, although agribusiness and ranching dominated the economy for much of the 19th and 20th centuries. Manufacturing became the largest single component of the gross domestic product (GDP). The country had also become self-sufficient in fuel. The Gross Domestic Product (GDP) in Argentina was worth 491.49 billion US dollars in 2021, according to official data from the World Bank. The GDP value of Argentina represents 0.22 percent of the world economy. Argentina's economic freedom score is 50.1, making its economy the 144th freest in the 2022 Index. Argentina is ranked 27th among 32 countries in the Americas region, and its overall score is below the regional and world averages.
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