Argentina Consolidated Fiscal Balance: % of GDP

2004 - 2023 | Quarterly | % | CEIC Data

Key information about Argentina Consolidated Fiscal Balance: % of GDP

  • Argentina Consolidated Fiscal Balance recorded a deficit equal to 4.2 % of its Nominal GDP in Mar 2023, compared with a deficit equal to 3.8 % in the previous quarter
  • Argentina Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2004 to Mar 2023, with an average ratio of -2.1 %
  • The data reached an all-time high of 2.4 % in Dec 2004 and a record low of -8.4 % in Dec 2020
CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of the Treasury provides Consolidated Fiscal Balance in local currency. The National Institute of Statistics and Censuses provides annualized Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP covers Non-Financial Public Sector only. Consolidated Fiscal Balance prior 2015 includes property income or rent held by Fondo de Garantía de Sustentabilidad (FGS) and others and Central Bank of Argentina.


Further information about Argentina Consolidated Fiscal Balance: % of GDP

  • In the latest reports, Argentina National Government Debt reached 398.2 USD bn in Mar 2023
  • Argentina Nominal GDP reached 150.8 USD bn in Mar 2023

View Argentina's Consolidated Fiscal Balance: % of GDP from Dec 2004 to Mar 2023 in the chart:

Argentina Consolidated Fiscal Balance: % of GDP

What was Argentina's Consolidated Fiscal Balance: % of GDP in Mar 2023?

Argentina Consolidated Fiscal Balance recorded a deficit equal to 4.2 % of its Nominal GDP in Mar 2023, compared with a deficit equal to 3.8 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-4.2 Mar 2023 -3.8 Dec 2022 -8.4 Dec 2020 2.4 Dec 2004 % quarterly Dec 2004 - Mar 2023

Consolidated Fiscal Balance: % of GDP by Country Comparison

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Includes Consolidated Fiscal Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -3.7 2022 yearly 1997 - 2022
Algeria (%) -7.3 2021 yearly 1994 - 2021
Argentina (%) -4.2 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) -1.8 Mar 2023 quarterly Dec 2002 - Mar 2023
Australia (%) -0.9 Jun 2023 quarterly Jun 2003 - Jun 2023
Austria (%) -3.4 Mar 2023 quarterly Dec 2001 - Mar 2023
Azerbaijan (%) 0.4 Jun 2021 monthly Dec 2004 - Jun 2021
Bahrain (%) -7.0 2021 yearly 1998 - 2021
Bangladesh (%) -5.1 2022 yearly 2006 - 2022
Belarus (%) -0.4 Sep 2021 quarterly Sep 2006 - Sep 2021
Belgium (%) -3.9 2022 yearly 1970 - 2022
Bolivia (%) -8.5 2021 yearly 1990 - 2021
Bosnia and Herzegovina (%) 5.0 Dec 2022 quarterly Dec 2008 - Dec 2022
Botswana (%) 0.8 Mar 2023 quarterly Mar 2004 - Mar 2023
Brazil (%) -5.1 Jun 2023 quarterly Dec 1997 - Jun 2023
Brunei (%) 1.3 2022 yearly 2010 - 2022
Bulgaria (%) -1.3 Jun 2023 quarterly Sep 2003 - Jun 2023
Cambodia (%) -0.2 2022 yearly 2007 - 2022
Canada (%) -1.7 Jun 2023 quarterly Jun 1993 - Jun 2023
Chile (%) 1.4 2022 yearly 1990 - 2022
China (%) -3.9 Jun 2023 quarterly Dec 1995 - Jun 2023
Colombia (%) -2.6 Dec 2022 quarterly Dec 2000 - Dec 2022
Croatia (%) -2.6 2021 yearly 2002 - 2021
Cyprus (%) 2.4 Mar 2023 quarterly Dec 1995 - Mar 2023
Czech Republic (%) -4.0 Mar 2023 quarterly Dec 1999 - Mar 2023
Denmark (%) 3.3 Mar 2023 quarterly Dec 1999 - Mar 2023
Ecuador (%) -0.6 Mar 2023 quarterly Dec 2000 - Mar 2023
Estonia (%) -1.2 Mar 2023 quarterly Dec 1999 - Mar 2023
European Union (%) -3.4 2022 yearly 1995 - 2022
Finland (%) -0.8 Mar 2023 quarterly Dec 1999 - Mar 2023
France (%) -5.0 Jun 2023 quarterly Dec 1949 - Jun 2023
Georgia (%) -2.3 Mar 2023 quarterly Dec 2006 - Mar 2023
Germany (%) -3.4 Jun 2023 quarterly Dec 1991 - Jun 2023
Ghana (%) -8.9 Jun 2022 quarterly Dec 2008 - Jun 2022
Greece (%) -1.3 Dec 2018 monthly Apr 1999 - Dec 2018
Hong Kong SAR, China (%) -6.6 Mar 2023 quarterly Sep 1999 - Mar 2023
Hungary (%) -7.9 Mar 2023 quarterly Dec 1999 - Mar 2023
Iceland (%) -2.1 Mar 2023 quarterly Mar 2002 - Mar 2023
India (%) -6.6 Jun 2023 quarterly Mar 2005 - Jun 2023
Indonesia (%) -1.9 Jun 2023 quarterly Dec 2014 - Jun 2023
Iran (%) -4.8 Mar 2019 quarterly Mar 2006 - Mar 2019
Ireland (%) 2.0 Mar 2023 quarterly Dec 2000 - Mar 2023
Israel (%) -0.8 Jun 2023 quarterly Dec 1999 - Jun 2023
Italy (%) -8.2 Mar 2023 quarterly Dec 1999 - Mar 2023
Ivory Coast (%) -6.0 2022 yearly 1960 - 2022
Japan (%) -6.2 2024 yearly 1996 - 2024
Jordan (%) 1.0 2018 yearly 1999 - 2018
Kazakhstan (%) -3.5 Jun 2023 quarterly Dec 2008 - Jun 2023
Kenya (%) -2.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) -2.1 Jun 2023 quarterly Jun 2000 - Jun 2023
Kosovo (%) 0.5 Mar 2023 quarterly Dec 2010 - Mar 2023
Kuwait (%) -26.4 2019 yearly 1988 - 2019
Kyrgyzstan (%) 1.2 Jun 2023 monthly Jan 2007 - Jun 2023
Laos (%) -0.3 2022 yearly 2012 - 2022
Latvia (%) -4.1 Mar 2023 quarterly Dec 1999 - Mar 2023
Lebanon (%) -4.3 2020 yearly 1992 - 2020
Lithuania (%) -1.2 Mar 2023 quarterly Dec 1999 - Mar 2023
Luxembourg (%) 0.2 2022 yearly 1995 - 2022
Macau SAR, China (%) -12.5 Sep 2021 quarterly Dec 2003 - Sep 2021
North Macedonia (%) -4.5 2022 yearly 1993 - 2022
Malawi (%) -0.4 Jun 2023 monthly Apr 2005 - Jun 2023
Malaysia (%) -4.3 2021 yearly 1970 - 2021
Malta (%) -4.8 Mar 2023 quarterly Dec 2000 - Mar 2023
Mauritius (%) -5.1 Mar 2023 quarterly Dec 2010 - Mar 2023
Mexico (%) -3.8 Jun 2023 quarterly Dec 1980 - Jun 2023
Moldova (%) -3.3 2022 yearly 1998 - 2022
Mongolia (%) 2.3 Jun 2023 quarterly Dec 2000 - Jun 2023
Montenegro (%) -2.8 Mar 2023 quarterly Dec 2012 - Mar 2023
Morocco (%) -11.8 2022 yearly 1980 - 2022
Mozambique (%) -2.7 2016 yearly 1996 - 2016
Myanmar (%) -7.6 2021 yearly 1986 - 2021
Nepal (%) -10.0 2018 yearly 2012 - 2018
Netherlands (%) -0.1 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) 0.7 Mar 2023 quarterly Dec 1999 - Mar 2023
Nigeria (%) -2.6 Mar 2023 quarterly Dec 2010 - Mar 2023
Norway (%) 25.5 Mar 2023 quarterly Dec 2002 - Mar 2023
Oman (%) 1.7 Jun 2022 quarterly Dec 2005 - Jun 2022
Pakistan (%) -7.9 2022 yearly 2000 - 2022
Palestinian Territory (%) -4.0 2020 yearly 2010 - 2020
Panama (%) -3.9 2022 yearly 2003 - 2022
Paraguay (%) -0.6 Mar 2023 quarterly Dec 2003 - Mar 2023
Peru (%) -2.7 Jun 2023 quarterly Dec 1990 - Jun 2023
Philippines (%) -6.4 Jun 2023 quarterly Dec 1985 - Jun 2023
Poland (%) -3.7 2022 yearly 1995 - 2022
Portugal (%) 0.1 Mar 2023 quarterly Sep 1999 - Mar 2023
Qatar (%) 9.9 Mar 2023 quarterly Mar 2011 - Mar 2023
Romania (%) -6.3 Jun 2023 quarterly Dec 2004 - Jun 2023
Russia (%) -4.7 Jun 2023 quarterly Dec 1993 - Jun 2023
Saudi Arabia (%) 2.5 2022 yearly 1969 - 2022
Serbia (%) -2.1 Jun 2023 quarterly Dec 2005 - Jun 2023
Singapore (%) 0.8 Jun 2023 quarterly Mar 2012 - Jun 2023
Slovakia (%) -6.2 2020 yearly 1995 - 2020
Slovenia (%) -2.9 Jun 2023 quarterly Dec 2000 - Jun 2023
South Africa (%) -5.4 Jun 2023 quarterly Dec 1990 - Jun 2023
Spain (%) -4.4 Mar 2023 quarterly Dec 1995 - Mar 2023
Sri Lanka (%) -10.0 Mar 2023 quarterly Dec 2014 - Mar 2023
Sudan (%) -0.6 2021 yearly 2001 - 2021
Sweden (%) 0.7 2022 yearly 1995 - 2022
Switzerland (%) -0.3 2021 yearly 1990 - 2021

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Argentina Key Series

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Includes 197 key indicators for Argentina, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.2 Mar 2023 quarterly Dec 2004 - Mar 2023
Consolidated Fiscal Balance (USD mn) -2,768.881 Jul 2023 monthly Jan 1993 - Jul 2023
Tax Revenue (USD mn) 9,123.029 Aug 2023 monthly Jan 1997 - Aug 2023
Tax Revenue: % of GDP (%) 15.7 Mar 2023 quarterly Mar 2004 - Mar 2023
National Government Debt (USD mn) 396,555.3 Dec 2022 quarterly Dec 1994 - Dec 2022
Government Debt: % of GDP (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Forecast: Government Expenditure (ARS bn) 411,153.841 2028 yearly 1993 - 2028
Forecast: Government Net Debt (ARS bn) 722,661.622 2028 yearly 1992 - 2028
Forecast: Government Revenue (ARS bn) 396,355.233 2028 yearly 1993 - 2028
Government Revenue: Taxes: Net Vat (ARS mn) 1,381,544.967 Aug 2023 monthly Jan 1997 - Aug 2023
Government Revenue: Social Security (ARS mn) 814,940.963 Aug 2023 monthly Jan 1997 - Aug 2023
Government Revenue: Taxes (ARS mn) 187,540.45 Jul 2018 monthly Jan 1997 - Jul 2018
NFPS 2017: Capital Expenditure (ARS mn) 262,704.800 Jul 2023 monthly Jan 2015 - Jul 2023
NFPS 2017: Current Revenue (ARS mn) 2,701,696.400 Jul 2023 monthly Jan 2015 - Jul 2023
NFPS 2017: Current Expenditure (ARS mn) 3,193,254.400 Jul 2023 monthly Jan 2015 - Jul 2023
Non Financial Public Sector (NFPS) 2017: Total Balance (ARS mn) -754,243.200 Jul 2023 monthly Jan 2015 - Jul 2023
NFPS 2017: Total Revenue (ARS mn) 2,701,716.000 Jul 2023 monthly Jan 2015 - Jul 2023
NFPS 2017: Total Expenditure (ARS mn) 3,455,959.200 Jul 2023 monthly Jan 2015 - Jul 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.933 2028 yearly 1980 - 2028
Trade Balance (USD mn) -494.2 Jul 2023 monthly Jan 1991 - Jul 2023
Total Exports (USD mn) 5,607.5 Jul 2023 monthly Jan 1991 - Jul 2023
Total Exports Growth (%) -27.2 Apr 2023 monthly Jan 1992 - Apr 2023
Aluminum: Exports (USD th) 55,881.391 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 600,720.896 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 123,326.762 2022 yearly 1995 - 2022
Total Imports (USD mn) 6,101.7 Jul 2023 monthly Jan 1991 - Jul 2023
Total Imports Growth (%) -21.7 Jul 2023 monthly Jan 1992 - Jul 2023
Imports: Medicament (USD th) 1,433,987.074 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,977,432.955 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 481.912 Jul 2023 monthly Dec 1995 - Jul 2023
Total Imports from USA (USD mn) 1,010.454 Jul 2023 monthly Dec 1995 - Jul 2023
Total Exports to China (USD mn) 435.053 Jul 2023 monthly Jan 2003 - Jul 2023
Total Imports from China (USD mn) 1,318.602 Jul 2023 monthly Apr 1983 - Jul 2023
Terms of Trade Index (2004=100) 135.871 Jun 2023 quarterly Mar 1986 - Jun 2023
Imports: cif: HS: Machines, Instruments & Electric Materials (USD mn) 8,585.000 2022 yearly 1990 - 2022
Imports: cif: HS: Nuclear Reactors, Boilers & Machinery (USD mn) 11,631.000 2022 yearly 1990 - 2022
Imports: cif: HS: Organic Chemicals (USD mn) 4,447.000 2022 yearly 1990 - 2022
Imports: cif: HS: Vehicles (USD mn) 7,888.000 2022 yearly 1990 - 2022
Imports: cif: HS: Fuel, Oil & Petroleum Products Manufacturing (USD mn) 12,783.000 2022 yearly 1990 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 606.8 Mar 2023 quarterly Mar 1992 - Mar 2023
Current Account Balance (USD mn) -5,640.6 Mar 2023 quarterly Mar 1976 - Mar 2023
Current Account Balance: % of GDP (%) -3.7 Mar 2023 quarterly Mar 2004 - Mar 2023
Foreign Direct Investment (USD mn) 3,913.7 Mar 2023 quarterly Mar 1977 - Mar 2023
Foreign Direct Investment: % of GDP (%) 2.6 Mar 2023 quarterly Mar 2004 - Mar 2023
Foreign Portfolio Investment (USD mn) -1,667.005 Mar 2023 quarterly Mar 1994 - Mar 2023
Foreign Portfolio Investment: % of GDP (%) -1.1 Mar 2023 quarterly Mar 1994 - Mar 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 271.4 Mar 2023 quarterly Mar 1994 - Mar 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,938.356 Mar 2023 quarterly Mar 1994 - Mar 2023
External Debt (USD mn) 275,093.4 Mar 2023 quarterly Mar 2006 - Mar 2023
External Debt: % of GDP (%) 44.9 2022 yearly 1994 - 2022
External Debt: Short Term (USD mn) 88,542.1 Mar 2023 quarterly Sep 2003 - Mar 2023
External Debt: Short Term: % of GDP (%) 14.2 2022 yearly 2003 - 2022
Forecast: Current Account Balance (USD bn) 7.216 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 65,358.990 Dec 2022 quarterly Mar 2016 - Dec 2022
BoP: Current Account: Services: Import (USD mn) 6,536.036 Mar 2023 quarterly Mar 2006 - Mar 2023
BoP: Financial Account: Other Investments (USD mn) -302.048 Mar 2023 quarterly Mar 2006 - Mar 2023
BoP: Financial Account: Direct Invt: NIL: Equity Investments & Investment Fund S... (USD mn) 2,021.739 Mar 2023 quarterly Mar 2006 - Mar 2023
BoP: Financial Account: Direct Invt: NIL: Debt Securities (USD mn) 1,891.982 Mar 2023 quarterly Mar 2006 - Mar 2023
Foreign Direct Investment (USD mn) 3,810.314 Mar 2023 quarterly Mar 2017 - Mar 2023
Foreign Direct Investment: Wholesale, Retail Trade & Repair of Motor Vehicles & ... (USD mn) 506.535 Mar 2023 quarterly Mar 2017 - Mar 2023
Foreign Direct Investment: Mining & Quarrying (USD mn) 551.457 Mar 2023 quarterly Mar 2017 - Mar 2023
Foreign Direct Investment: Manufacturing (USD mn) 1,108.040 Mar 2023 quarterly Mar 2017 - Mar 2023
Foreign Direct Investment: Deposit-taking Corporations, except Central Bank (USD mn) 1,221.006 Mar 2023 quarterly Mar 2017 - Mar 2023
AR: BOP: Financial Account: Portfolio Investment: Net (USD mn) 6,877.526 2022 yearly 1976 - 2022
AR: BOP: Net Errors and Omissions (USD mn) -2,784.675 2022 yearly 1976 - 2022
AR: BOP: Current Account: Personal Remittances: Paid (USD mn) 590.698 2022 yearly 1978 - 2022
AR: BOP: Current Account: Personal Remittances: Received (USD mn) 1,258.500 2022 yearly 1978 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Jun 2023 monthly Dec 2002 - Jun 2023
Household Debt: % of GDP (%) 4.0 Mar 2023 quarterly Dec 2004 - Mar 2023
Money Supply M1 (USD mn) 38,723.409 Jun 2023 monthly Jan 1990 - Jun 2023
Money Supply M2 (USD mn) 80,019.477 Jun 2023 monthly Jan 1990 - Jun 2023
M2 Growth (%) 87.8 Jun 2023 monthly Jan 1991 - Jun 2023
Reserve Requirement Ratio (%) 42.3 Jun 2023 monthly Apr 1985 - Jun 2023
Foreign Exchange Reserves (USD mn) 18,617.2 Jul 2023 monthly Dec 1956 - Jul 2023
Foreign Exchange Reserves: % of GDP (%) 4.782 Mar 2023 quarterly Dec 2004 - Mar 2023
Foreign Exchange Reserves: Months of Import (NA) 3.7 May 2023 monthly Jan 1990 - May 2023
Gold Reserves (USD mn) 3,468.940 Jul 2023 monthly Dec 1956 - Jul 2023
Total Deposits (USD mn) 88,609.139 Aug 2023 monthly Jul 2002 - Aug 2023
Total Deposits Growth (%) 120.6 Aug 2023 monthly Jul 2003 - Aug 2023
Domestic Credit (USD mn) 194,066.9 Jun 2023 monthly Jan 1990 - Jun 2023
Domestic Credit Growth (%) 139.9 Jun 2023 monthly Jan 1991 - Jun 2023
Credit to Households (USD bn) 19.013 Dec 2022 quarterly Mar 1994 - Dec 2022
Credit to Private Non-Financial Sector (USD bn) 104.059 Dec 2022 quarterly Mar 1990 - Dec 2022
Household Debt (USD mn) 14,784.1 Aug 2023 monthly Jul 2002 - Aug 2023
Total Loans (USD mn) 206,695.296 Jun 2023 monthly Jan 1990 - Jun 2023
Total Loans Growth (%) 132.62 Jun 2023 monthly Jan 1991 - Jun 2023
Private Debt: % of Nominal GDP (%) 11.08 Mar 2023 quarterly Dec 2004 - Mar 2023
Money Supply: Month End: M3 (ARS th) 36,686,384,452.000 Jun 2023 monthly Jan 1990 - Jun 2023
ORA: Foreign Currency Reserves (FCR) (USD mn) 18,617.170 Jul 2023 monthly Jul 2006 - Jul 2023
Official Reserve Assets (ORA) (USD mn) 24,091.960 Jul 2023 monthly Dec 1999 - Jul 2023
ORA: Gold Incl Gold Deposits & Gold Swapped (USD mn) 3,468.940 Jul 2023 monthly Dec 1999 - Jul 2023
Deposits: ARS (ARS mn) 31,013,198.581 Aug 2023 monthly Jul 2002 - Aug 2023
Loans (ARS mn) 5,759,914.20 Jun 2018 monthly Jan 1990 - Jun 2018
Loans: ARS: Non Financial: Private: Mortgages (ARS mn) 458,322.226 Aug 2023 monthly Jul 2002 - Aug 2023
Business and Economic Survey Last Frequency Range
Geopolitical Risk Index (%) 0.035 Aug 2023 monthly Jan 1985 - Aug 2023

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