- published: 23 Jun 2014
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Buenos Aires ( /ˈbweɪnəs ˈɛəriːz/ or /ˈaɪrɪs/,Spanish: [ˈbwenos ˈaiɾes]) is the capital and largest city of Argentina, and the second-largest metropolitan area in South America, after Greater Sao Paulo. It is located on the western shore of the estuary of the Río de la Plata, on the southeastern coast of the South American continent. Greater Buenos Aires conurbation, which also includes several Buenos Aires Province districts, constitutes the third-largest conurbation in Latin America, with a population of around thirteen million.
The city of Buenos Aires is not a part of Buenos Aires Province, nor is it the Province's capital, but an autonomous district. In 1880, after decades of political infighting, Buenos Aires was federalised and removed from Buenos Aires Province. The city limits were enlarged to include the towns of Belgrano and Flores (both are currently neighborhoods of the city). The 1994 constitutional amendment granted the city autonomy, hence its formal name: Ciudad Autónoma de Buenos Aires (Autonomous City of Buenos Aires). Its citizens first elected a Chief of Government (i.e. Mayor) in 1996; before, the Mayor was directly appointed by the President of the Republic.
Argentina i/ˌɑrdʒənˈtiːnə/, officially the Argentine Republic (Spanish: República Argentina [reˈpuβlika aɾxenˈtina]), is a country in South America, the continent's second largest by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires. It is the eighth-largest country in the world by land area and the largest among Spanish-speaking nations.
Argentina's continental area is between the Andes mountain range in the west and the Atlantic Ocean in the east. It borders Paraguay and Bolivia to the north, Brazil and Uruguay to the northeast, and Chile to the west and south. Argentine claims over Antarctica, as well as overlapping claims made by Chile and the United Kingdom, are suspended by the Antarctic Treaty of 1961. Argentina also claims the Falkland Islands (Spanish: Islas Malvinas) and South Georgia and the South Sandwich Islands, which are administered by the United Kingdom as British Overseas Territories.
A recognised middle power, Argentina is Latin America's third-largest economy, with a "very high" rating on the Human development index. Within Latin America, Argentina has the fifth highest nominal GDP per capita and the highest in purchasing power terms. Analysts have argued that the country has a "foundation for future growth due to its market size, levels of foreign direct investment, and percentage of high-tech exports as share of total manufactured goods", and it is classed by investors as middle emerging economy. Argentina is a founding member of the United Nations, Mercosur, the Union of South American Nations, the Organization of Ibero-American States, the World Bank Group and the World Trade Organization, and is one of the G-15 and G-20 major economies.