Argentina Government Debt: % of GDP

2004 - 2023 | Quarterly | % | CEIC Data

Key information about Argentina Government Debt: % of GDP

  • Argentina Government debt accounted for 80.3 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 79.5 % in the previous quarter.
  • Argentina government debt to GDP ratio data is updated quarterly, available from Dec 2004 to Mar 2023.
  • The data reached an all-time high of 116.8 % in Dec 2004 and a record low of 33.9 % in Jun 2012.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and quarterly Nominal GDP. The Ministry of Treasury provides Government Debt in USD. The National Institute of Statistics and Censuses provides annualized Nominal GDP in local currency. The Central Bank of Argentina average market exchange rate is used for currency conversions. Government Debt excludes debt swaps.


Related information about Argentina Government Debt: % of GDP

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

View Argentina's Government Debt: % of GDP from Dec 2004 to Mar 2023 in the chart:

Argentina Government Debt: % of GDP

What was Argentina's Government Debt: % of GDP in Mar 2023?

Argentina Government debt accounted for 80.3 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 79.5 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
80.3 Mar 2023 79.5 Dec 2022 33.9 Jun 2012 116.8 Dec 2004 % quarterly Dec 2004 - Mar 2023

Government Debt: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 61.2 Jun 2023 quarterly Sep 2010 - Jun 2023
Algeria (%) 62.1 2022 yearly 1997 - 2022
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 48.2 Sep 2023 quarterly Dec 2013 - Sep 2023
Australia (%) 41.8 2022 yearly 1999 - 2022
Austria (%) 78.2 Sep 2023 quarterly Mar 2000 - Sep 2023
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 90.9 Sep 2023 quarterly Dec 2007 - Sep 2023
Bangladesh (%) 23.9 2023 yearly 2010 - 2023
Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 108.0 Sep 2023 quarterly Dec 1980 - Sep 2023
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 20.7 2022 yearly 2007 - 2022
Botswana (%) 17.2 Jun 2023 quarterly Jun 2014 - Jun 2023
Brazil (%) 74.3 Dec 2023 quarterly Dec 2006 - Dec 2023
Bulgaria (%) 21.0 Sep 2023 quarterly Mar 2007 - Sep 2023
Cambodia (%) 33.7 2022 yearly 2013 - 2022
Canada (%) 67.8 2023 yearly 1962 - 2023
Chile (%) 36.8 Sep 2023 quarterly Mar 2002 - Sep 2023
China (%) 22.7 Sep 2023 quarterly Mar 2014 - Sep 2023
Colombia (%) 58.5 Jun 2023 quarterly Dec 2005 - Jun 2023
Croatia (%) 67.8 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 79.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Czech Republic (%) 44.5 Sep 2023 quarterly Mar 2000 - Sep 2023
Denmark (%) 30.1 Sep 2023 quarterly Mar 2000 - Sep 2023
Ecuador (%) 64.0 Sep 2023 quarterly Dec 2005 - Sep 2023
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 18.2 Sep 2023 quarterly Mar 2000 - Sep 2023
European Union (%) 82.6 Sep 2023 quarterly Mar 2000 - Sep 2023
Finland (%) 73.8 Sep 2023 quarterly Mar 2000 - Sep 2023
France (%) 111.7 Sep 2023 quarterly Dec 1995 - Sep 2023
Georgia (%) 37.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Germany (%) 64.8 Sep 2023 quarterly Mar 2000 - Sep 2023
Ghana (%) 70.7 2022 yearly 2006 - 2022
Greece (%) 166.5 Jun 2023 quarterly Dec 1999 - Jun 2023
Hong Kong SAR, China (%) 50.0 2023 yearly 2003 - 2023
Hungary (%) 71.2 Sep 2023 quarterly Dec 1990 - Sep 2023
Iceland (%) 68.7 2022 yearly 1998 - 2022
India (%) 58.3 Jun 2023 quarterly Mar 2012 - Jun 2023
Indonesia (%) 39.0 Dec 2023 quarterly Jun 2015 - Dec 2023
Iran (%) 8.9 Mar 2023 quarterly Mar 1998 - Mar 2023
Ireland (%) 43.5 Sep 2023 quarterly Mar 2000 - Sep 2023
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 140.6 Sep 2023 quarterly Dec 1995 - Sep 2023
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 217.5 Dec 2023 quarterly Dec 1994 - Dec 2023
Jordan (%) 89.2 Sep 2023 quarterly Mar 2002 - Sep 2023
Kazakhstan (%) 23.1 Sep 2023 quarterly Mar 2005 - Sep 2023
Kenya (%) 68.3 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 49.9 Sep 2023 quarterly Sep 2002 - Sep 2023
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 0.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Kyrgyzstan (%) 46.9 Sep 2023 quarterly Mar 2011 - Sep 2023
Latvia (%) 39.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 37.4 Sep 2023 quarterly Mar 2000 - Sep 2023
Luxembourg (%) 25.7 Sep 2023 quarterly Dec 1997 - Sep 2023
North Macedonia (%) 51.6 Sep 2023 quarterly Dec 2009 - Sep 2023
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 63.8 Sep 2023 quarterly Dec 2010 - Sep 2023
Malta (%) 49.3 Sep 2023 quarterly Dec 2000 - Sep 2023
Mauritius (%) 69.2 Jun 2023 quarterly Jun 2003 - Jun 2023
Mexico (%) 50.9 Sep 2023 quarterly Dec 2005 - Sep 2023
Moldova (%) 34.0 Sep 2023 quarterly Mar 2007 - Sep 2023
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Morocco (%) 71.6 2022 yearly 1994 - 2022
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 45.9 Sep 2023 quarterly Dec 1999 - Sep 2023
New Zealand (%) 37.4 Sep 2023 quarterly Dec 2006 - Sep 2023
Nigeria (%) 37.2 Sep 2023 quarterly Dec 2010 - Sep 2023
Norway (%) 36.5 2022 yearly 1995 - 2022
Oman (%) 41.2 2022 yearly 1990 - 2022
Pakistan (%) 71.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 72.6 Sep 2023 quarterly Dec 2010 - Sep 2023
Panama (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Paraguay (%) 34.0 Sep 2023 quarterly Dec 2014 - Sep 2023
Peru (%) 32.4 Sep 2023 quarterly Mar 1999 - Sep 2023
Philippines (%) 60.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Poland (%) 48.4 Jun 2023 quarterly Dec 2002 - Jun 2023
Portugal (%) 107.5 Sep 2023 quarterly Dec 1995 - Sep 2023
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 49.0 Sep 2023 quarterly Dec 2011 - Sep 2023
Russia (%) 15.7 Sep 2023 quarterly Dec 2011 - Sep 2023
Saudi Arabia (%) 24.8 Sep 2023 quarterly Dec 2016 - Sep 2023
Serbia (%) 52.7 Sep 2023 quarterly Sep 2004 - Sep 2023
Singapore (%) 172.9 Sep 2023 quarterly Mar 1990 - Sep 2023
Slovakia (%) 59.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Slovenia (%) 70.4 Jun 2023 quarterly Dec 1999 - Jun 2023
South Africa (%) 74.0 Sep 2023 quarterly Dec 1960 - Sep 2023
Spain (%) 109.8 Sep 2023 quarterly Mar 1995 - Sep 2023
Sri Lanka (%) 103.9 Sep 2023 quarterly Mar 2014 - Sep 2023
Sweden (%) 30.3 Sep 2023 quarterly Mar 1996 - Sep 2023
Switzerland (%) 23.1 2027 yearly 1990 - 2027
Taiwan (%) 29.7 2022 yearly 1996 - 2022
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 54.9 Sep 2023 quarterly Dec 1997 - Sep 2023
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 30.5 Sep 2023 quarterly Dec 2001 - Sep 2023
Ukraine (%) 71.6 Dec 2022 quarterly Dec 2010 - Dec 2022

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Argentina Key Series

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Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.3 Sep 2023 quarterly Dec 2004 - Sep 2023
Consolidated Fiscal Balance (USD mn) -8,063.469 Dec 2023 monthly Jan 1993 - Dec 2023
Tax Revenue (USD mn) 6,068.649 Jan 2024 monthly Jan 1997 - Jan 2024
Tax Revenue: % of GDP (%) 17.0 Sep 2023 quarterly Mar 2004 - Sep 2023
National Government Debt (USD mn) 406,948.1 Sep 2023 quarterly Dec 1994 - Sep 2023
Government Debt: % of GDP (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Forecast: Government Expenditure (ARS bn) 553,829.690 2028 yearly 1993 - 2028
Forecast: Government Net Debt (ARS bn) 1,084,721.530 2028 yearly 1992 - 2028
Forecast: Government Revenue (ARS bn) 554,818.270 2028 yearly 1993 - 2028
Government Revenue: Taxes (ARS mn) 187,540.45 Jul 2018 monthly Jan 1997 - Jul 2018
NFPS 2017: Capital Expenditure (ARS mn) 309,726.100 Dec 2023 monthly Jan 2015 - Dec 2023
NFPS 2017: Total Expenditure (ARS mn) 9,557,559.600 Dec 2023 monthly Jan 2015 - Dec 2023
NFPS 2017: Current Expenditure (ARS mn) 9,247,833.500 Dec 2023 monthly Jan 2015 - Dec 2023
NFPS 2017: Current Revenue (ARS mn) 4,227,081.100 Dec 2023 monthly Jan 2015 - Dec 2023
NFPS 2017: Total Revenue (ARS mn) 4,227,122.900 Dec 2023 monthly Jan 2015 - Dec 2023
Non Financial Public Sector (NFPS) 2017: Total Balance (ARS mn) -5,330,436.700 Dec 2023 monthly Jan 2015 - Dec 2023
Public Debt: Annual: Short Term (USD mn) 48,687.146 2022 yearly 1997 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.933 2028 yearly 1980 - 2028
Trade Balance (USD mn) 243.7 Dec 2023 monthly Jan 1991 - Dec 2023
Total Exports (USD mn) 5,380.7 Dec 2023 monthly Jan 1991 - Dec 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) 5,137.0 Dec 2023 monthly Jan 1991 - Dec 2023
Total Imports Growth (%) -11.8 Dec 2023 monthly Jan 1992 - Dec 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) 553.475 Dec 2023 monthly Dec 1995 - Dec 2023
Total Imports from USA (USD mn) 399.192 Dec 2023 monthly Dec 1995 - Dec 2023
Total Exports to China (USD mn) 341.070 Dec 2023 monthly Jan 2003 - Dec 2023
Total Imports from China (USD mn) 784.307 Dec 2023 monthly Apr 1983 - Dec 2023
Terms of Trade Index (2004=100) 140.649 Dec 2023 quarterly Mar 1986 - Dec 2023
Exports: fob: Primary Products: Cereals (USD mn) 8,775.000 2023 yearly 1989 - 2023
Exports: fob: Agricultural: Residues & Waste from Food Industry (USD mn) 9,077.000 2023 yearly 1989 - 2023
Exports: fob: Agricultural: Fats and Oils (USD mn) 5,854.000 2023 yearly 1989 - 2023
Exports: fob: Industrial: Chemicals & Related Products (USD mn) 4,285.000 2023 yearly 1989 - 2023
Exports: fob: Industrial: Transport Material (USD mn) 8,402.000 2023 yearly 1989 - 2023
Motor Vehicle Export: Passenger Car: Automobile (Unit) 6,387.000 Jan 2024 monthly Jan 1996 - Jan 2024
Motor Vehicle Export: Passenger Car: Utility Vehicle (Unit) 8,915.000 Jan 2024 monthly Jan 1996 - Jan 2024
Motor Vehicle Export (Unit) 15,302.000 Jan 2024 monthly Jan 1996 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 535.3 Sep 2023 quarterly Mar 1992 - Sep 2023
Current Account Balance (USD mn) -6,102.7 Sep 2023 quarterly Mar 1976 - Sep 2023
Current Account Balance: % of GDP (%) -3.9 Sep 2023 quarterly Mar 2004 - Sep 2023
Foreign Direct Investment (USD mn) 6,090.4 Sep 2023 quarterly Mar 1977 - Sep 2023
Foreign Direct Investment: % of GDP (%) 3.9 Sep 2023 quarterly Mar 2004 - Sep 2023
Foreign Portfolio Investment (USD mn) -1,522.863 Sep 2023 quarterly Mar 1994 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -1.0 Sep 2023 quarterly Mar 1994 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -230.4 Sep 2023 quarterly Mar 1994 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,292.435 Sep 2023 quarterly Mar 1994 - Sep 2023
External Debt (USD mn) 283,516.8 Sep 2023 quarterly Mar 2006 - Sep 2023
External Debt: % of GDP (%) 44.9 2022 yearly 1994 - 2022
External Debt: Short Term (USD mn) 100,026.2 Sep 2023 quarterly Sep 2003 - Sep 2023
External Debt: Short Term: % of GDP (%) 14.2 2022 yearly 2003 - 2022
Forecast: Current Account Balance (USD bn) 7.340 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 44,798.744 Sep 2023 quarterly Mar 2016 - Sep 2023
BoP: Current Account: Services: Import (USD mn) 5,718.334 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: Financial Account: Other Investments (USD mn) -718.923 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: Financial Account: Direct Invt: NIL: Equity Investments & Investment Fund S... (USD mn) 2,452.954 Sep 2023 quarterly Mar 2006 - Sep 2023
BoP: Financial Account: Direct Invt: NIL: Debt Securities (USD mn) 3,637.401 Sep 2023 quarterly Mar 2006 - Sep 2023
Foreign Direct Investment (USD mn) 3,810.314 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: Wholesale, Retail Trade & Repair of Motor Vehicles & ... (USD mn) 506.535 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
Foreign Direct Investment: Mining & Quarrying (USD mn) 551.457 Mar 2023 quarterly Mar 2017 - Mar 2023
AR: BOP: Current Account: Personal Remittances: Received (USD mn) 1,267.449 2022 yearly 1978 - 2022
AR: BOP: Current Account: Personal Remittances: Paid (USD mn) 590.412 2022 yearly 1978 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.6 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt: % of GDP (%) 3.8 Sep 2023 quarterly Dec 2004 - Sep 2023
Money Supply M1 (USD mn) 40,919.523 Oct 2023 monthly Jan 1990 - Oct 2023
Money Supply M2 (USD mn) 83,621.721 Oct 2023 monthly Jan 1990 - Oct 2023
M2 Growth (%) 132.0 Oct 2023 monthly Jan 1991 - Oct 2023
Reserve Requirement Ratio (%) 42.1 Nov 2023 monthly Apr 1985 - Nov 2023
Foreign Exchange Reserves (USD mn) 18,756.9 Dec 2023 monthly Dec 1956 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 3.370 Sep 2023 quarterly Dec 2004 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 3.7 May 2023 monthly Jan 1990 - May 2023
Gold Reserves (USD mn) 4,095.870 Dec 2023 monthly Dec 1956 - Dec 2023
Total Deposits (USD mn) 57,458.886 Jan 2024 monthly Jul 2002 - Jan 2024
Total Deposits Growth (%) 146.2 Jan 2024 monthly Jul 2003 - Jan 2024
Domestic Credit (USD mn) 244,997.4 Nov 2023 monthly Jan 1990 - Nov 2023
Domestic Credit Growth (%) 164.4 Aug 2023 monthly Jan 1991 - Aug 2023
Credit to Households (USD bn) 18.461 Mar 2023 quarterly Mar 1994 - Mar 2023
Credit to Private Non-Financial Sector (USD bn) 102.199 Mar 2023 quarterly Mar 1990 - Mar 2023
Household Debt (USD mn) 9,393.2 Jan 2024 monthly Jul 2002 - Jan 2024
Total Loans (USD mn) 224,851.581 Oct 2023 monthly Jan 1990 - Oct 2023
Total Loans Growth (%) 192.90 Nov 2023 monthly Jan 1991 - Nov 2023
Private Debt: % of Nominal GDP (%) 11.86 Sep 2023 quarterly Dec 2004 - Sep 2023
Official Reserve Assets (ORA) (USD mn) 23,073.160 Dec 2023 monthly Dec 1999 - Dec 2023
ORA: Foreign Currency Reserves (FCR) (USD mn) 18,756.870 Dec 2023 monthly Jul 2006 - Dec 2023
Loans (ARS mn) 5,759,914.20 Jun 2018 monthly Jan 1990 - Jun 2018
Business and Economic Survey Last Frequency Range
Geopolitical Risk Index (%) 0.028 Jan 2024 monthly Jan 1985 - Jan 2024

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