Argentina External Debt: % of GDP

1994 - 2023 | Yearly | % | CEIC Data

Key information about Argentina External Debt: % of GDP

  • Argentina External Debt accounted for 45.4 % of the country's Nominal GDP in 2023, compared with the ratio of 44.9 % in the previous year.
  • Argentina External Debt: % of Nominal GDP data is updated yearly, available from Dec 1994 to Dec 2023.
  • The data reached an all-time high of 152.3 % in Dec 2002 and a record low of 25.5 % in Dec 2013.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and quarterly Nominal GDP. The National Institute of Statistics and Censuses provides External Debt in USD based on BPM6 and annualized Nominal GDP in local currency. The Central Bank of Argentina average market exchange rate is used for currency conversions. External Debt prior to 2006 is based on BPM5.


Related information about Argentina External Debt: % of GDP

  • In the latest reports of Argentina, Current Account recorded a deficit of 3.4 USD bn in Dec 2023.
  • Foreign Direct Investment (FDI) increased by 6.8 USD bn in Dec 2023.
  • Argentina Direct Investment Abroad expanded by 624.1 USD mn in Dec 2023.
  • Its Foreign Portfolio Investment fell by 364.8 USD mn in Dec 2023.
  • The country's External Debt reached 285,951.3 in Dec 2023.
  • The country's Nominal GDP was reported at 150.8 USD bn in Mar 2023.

View Argentina's External Debt: % of GDP from 1994 to 2023 in the chart:

Argentina External Debt: % of GDP

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

Argentina External Debt accounted for 45.4 % of the country's Nominal GDP in 2023, compared with the ratio of 44.9 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
45.4 2023 44.9 2022 25.5 2013 152.3 2002 % yearly 1994 - 2023

External Debt: % of GDP by Country Comparison

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Includes External Debt: % of GDP on 109 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 54.1 2022 yearly 1991 - 2022
Algeria (%) 1.8 2022 yearly 1970 - 2022
Argentina (%) 45.4 2023 yearly 1994 - 2023
Armenia (%) 63.9 2023 yearly 2000 - 2023
Australia (%) 109.4 2023 yearly 1988 - 2023
Austria (%) 131.7 2022 yearly 1997 - 2022
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 51.4 Dec 2023 quarterly Dec 2000 - Dec 2023
Belgium (%) 237.7 2023 yearly 2007 - 2023
Bolivia (%) 35.3 2022 yearly 2006 - 2022
Bosnia and Herzegovina (%) 18.2 2023 yearly 1999 - 2023
Botswana (%) 7.3 2023 yearly 1995 - 2023
Brazil (%) 27.9 2023 yearly 1992 - 2023
Bulgaria (%) 48.3 2023 yearly 1999 - 2023
Cambodia (%) 75.6 2022 yearly 2010 - 2022
Canada (%) 134.9 2022 yearly 1990 - 2022
Chile (%) 71.7 2023 yearly 1971 - 2023
China (%) 13.7 2023 yearly 1985 - 2023
Colombia (%) 53.7 2023 yearly 1970 - 2023
Croatia (%) 73.9 2022 yearly 1998 - 2022
Cyprus (%) 609.6 2022 yearly 2004 - 2022
Czech Republic (%) 62.9 2023 yearly 1995 - 2023
Denmark (%) 130.7 2023 yearly 2005 - 2023
Ecuador (%) 49.0 2023 yearly 1970 - 2023
Egypt (%) 40.5 Jun 2023 quarterly Jun 1999 - Jun 2023
Estonia (%) 90.2 2023 yearly 1996 - 2023
European Union (%) 117.3 2022 yearly 2008 - 2022
Finland (%) 215.1 2023 yearly 1991 - 2023
France (%) 245.8 2022 yearly 2004 - 2022
Georgia (%) 94.2 2022 yearly 1999 - 2022
Germany (%) 148.2 2023 yearly 1999 - 2023
Ghana (%) 39.0 2022 yearly 1999 - 2022
Greece (%) 250.9 2023 yearly 2003 - 2023
Hong Kong SAR, China (%) 480.1 2023 yearly 2001 - 2023
Hungary (%) 129.3 2023 yearly 2006 - 2023
Iceland (%) 71.6 2023 yearly 1989 - 2023
India (%) 18.9 2023 yearly 1970 - 2023
Indonesia (%) 29.7 2023 yearly 2003 - 2023
Iran (%) 0.3 2023 yearly 1994 - 2023
Ireland (%) 563.9 2023 yearly 2002 - 2023
Israel (%) 30.5 2023 yearly 1998 - 2023
Italy (%) 129.0 2022 yearly 2002 - 2022
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 106.9 2023 yearly 2003 - 2023
Jordan (%) 80.0 2022 yearly 1970 - 2022
Kazakhstan (%) 62.5 Dec 2023 quarterly Mar 2002 - Dec 2023
Kenya (%) 35.0 2022 yearly 2006 - 2022
South Korea (%) 38.8 2023 yearly 1994 - 2023
Kosovo (%) 38.4 2022 yearly 2007 - 2022
Kuwait (%) 35.3 2022 yearly 2014 - 2022
Kyrgyzstan (%) 80.3 2022 yearly 2003 - 2022
Laos (%) 68.0 2022 yearly 1996 - 2022
Latvia (%) 98.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 68.4 2023 yearly 1996 - 2023
Luxembourg (%) 4,321.4 2023 yearly 2002 - 2023
North Macedonia (%) 83.7 2022 yearly 2004 - 2022
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 68.2 2023 yearly 2009 - 2023
Malta (%) 971.6 2022 yearly 2004 - 2022
Mauritius (%) 1,322.0 2023 yearly 2009 - 2023
Mexico (%) 33.3 2023 yearly 2002 - 2023
Moldova (%) 65.2 2022 yearly 2000 - 2022
Mongolia (%) 174.0 2023 yearly 1992 - 2023
Montenegro (%) 141.5 2022 yearly 2006 - 2022
Morocco (%) 50.9 2022 yearly 1970 - 2022
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 338.5 2023 yearly 2003 - 2023
New Zealand (%) 87.1 2023 yearly 1993 - 2023
Nigeria (%) 11.9 2023 yearly 1985 - 2023
Norway (%) 152.5 2023 yearly 2003 - 2023
Pakistan (%) 37.2 2023 yearly 2000 - 2023
Palestinian Territory (%) 11.4 2022 yearly 2012 - 2022
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 55.7 2023 yearly 2000 - 2023
Peru (%) 41.8 2022 yearly 1980 - 2022
Philippines (%) 28.7 2023 yearly 1990 - 2023
Poland (%) 49.5 2023 yearly 1995 - 2023
Portugal (%) 166.0 2022 yearly 1996 - 2022
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 52.6 2023 yearly 1995 - 2023
Russia (%) 15.7 2023 yearly 1993 - 2023
Serbia (%) 69.4 2022 yearly 2000 - 2022
Singapore (%) 391.1 2023 yearly 2003 - 2023
Slovakia (%) 96.5 2023 yearly 1995 - 2023
Slovenia (%) 91.8 2023 yearly 2001 - 2023
South Africa (%) 41.8 2023 yearly 1985 - 2023
Spain (%) 165.5 2023 yearly 1995 - 2023
Sri Lanka (%) 75.0 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 166.4 2023 yearly 1997 - 2023
Switzerland (%) 241.1 2023 yearly 1999 - 2023
Taiwan (%) 27.3 2023 yearly 1999 - 2023
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 38.4 Dec 2023 quarterly Mar 2005 - Dec 2023
Tunisia (%) 92.1 2022 yearly 2002 - 2022
Turkey (%) 45.6 2023 yearly 1989 - 2023

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Argentina Key Series

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Includes 224 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 (%) -4.4 Dec 2023 quarterly Dec 2004 - Dec 2023
Consolidated Fiscal Balance (USD mn) 397.177 Feb 2024 monthly Jan 1993 - Feb 2024
Tax Revenue (USD mn) 6,108.888 Feb 2024 monthly Jan 1997 - Feb 2024
Tax Revenue: % of GDP (%) 15.6 Dec 2023 quarterly Mar 2004 - Dec 2023
National Government Debt (USD mn) 370,673.4 Dec 2023 quarterly Dec 1994 - Dec 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: Current Revenue (ARS mn) 5,535,648.400 Feb 2024 monthly Jan 2015 - Feb 2024
NFPS 2017: Current Expenditure (ARS mn) 5,116,966.002 Feb 2024 monthly Jan 2015 - Feb 2024
NFPS 2017: Capital Expenditure (ARS mn) 80,579.100 Feb 2024 monthly Jan 2015 - Feb 2024
NFPS 2017: Total Revenue (ARS mn) 5,535,657.500 Feb 2024 monthly Jan 2015 - Feb 2024
NFPS 2017: Total Expenditure (ARS mn) 5,197,545.102 Feb 2024 monthly Jan 2015 - Feb 2024
Non Financial Public Sector (NFPS) 2017: Total Balance (ARS mn) 338,112.398 Feb 2024 monthly Jan 2015 - Feb 2024
Public Debt: Annual: Short Term (USD mn) 15,663.287 2023 yearly 1997 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.933 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,345.7 Feb 2024 monthly Jan 1991 - Feb 2024
Total Exports (USD mn) 6,215.5 Feb 2024 monthly Jan 1991 - Feb 2024
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) 4,869.9 Feb 2024 monthly Jan 1991 - Feb 2024
Total Imports Growth (%) -20.4 Feb 2024 monthly Jan 1992 - Feb 2024
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) 412.811 Feb 2024 monthly Dec 1995 - Feb 2024
Total Imports from USA (USD mn) 388.513 Feb 2024 monthly Dec 1995 - Feb 2024
Total Exports to China (USD mn) 385.686 Feb 2024 monthly Jan 2003 - Feb 2024
Total Imports from China (USD mn) 730.371 Feb 2024 monthly Apr 1983 - Feb 2024
Terms of Trade Index (2004=100) 140.649 Dec 2023 quarterly Mar 1986 - Dec 2023
Exports: fob: Industrial: Transport Material (USD mn) 8,402.000 2023 yearly 1989 - 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
Motor Vehicle Export: Passenger Car: Utility Vehicle (Unit) 13,103.000 Mar 2024 monthly Jan 1996 - Mar 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 624.1 Dec 2023 quarterly Mar 1992 - Dec 2023
Current Account Balance (USD mn) -3,420.1 Dec 2023 quarterly Mar 1976 - Dec 2023
Current Account Balance: % of GDP (%) -2.2 Dec 2023 quarterly Mar 2004 - Dec 2023
Foreign Direct Investment (USD mn) 6,815.7 Dec 2023 quarterly Mar 1977 - Dec 2023
Foreign Direct Investment: % of GDP (%) 4.5 Dec 2023 quarterly Mar 2004 - Dec 2023
Foreign Portfolio Investment (USD mn) -364.821 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.2 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -255.2 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -109.638 Dec 2023 quarterly Mar 1994 - Dec 2023
External Debt (USD mn) 285,951.3 Dec 2023 quarterly Mar 2006 - Dec 2023
External Debt: % of GDP (%) 45.4 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 104,198.3 Dec 2023 quarterly Sep 2003 - Dec 2023
External Debt: Short Term: % of GDP (%) 16.6 2023 yearly 2003 - 2023
Forecast: Current Account Balance (USD bn) 7.340 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 65,905.157 Dec 2023 quarterly Mar 2016 - Dec 2023
AR: BoP: Current Account: Secondary Income: Debit (USD mn) 1,464.516 2022 yearly 1976 - 2022
AR: BoP: Capital Account: Debit (USD mn) 45.670 2022 yearly 1976 - 2022
AR: BoP: Financial Account: Financial Derivatives & Employee Stock Options: Liab... (USD mn) -4.297 2022 yearly 2002 - 2022
AR: BoP: Financial Account: Other Investment: Assets (USD mn) 7,453.106 2022 yearly 1976 - 2022
AR: BoP: Financial Account: Financial Derivatives & Employee Stock Options: Asse... (USD mn) 0.153 2022 yearly 2006 - 2022
AR: BoP: Current Account: Goods: Debit (USD mn) 76,162.545 2022 yearly 1976 - 2022
AR: BoP: Current Account: Services (USD mn) -6,909.366 2022 yearly 1976 - 2022
AR: BoP: Current Account: Goods: Credit (USD mn) 88,515.083 2022 yearly 1976 - 2022
AR: BoP: Current Account: Services: Credit (USD mn) 14,486.550 2022 yearly 1976 - 2022
AR: BoP: Current Account: Secondary Income (USD mn) 2,124.908 2022 yearly 1976 - 2022
AR: BoP: Current Account: Secondary Income: Credit (USD mn) 3,589.424 2022 yearly 1976 - 2022
AR: BoP: Capital Account (USD mn) 179.531 2022 yearly 1976 - 2022
AR: BoP: Capital Account: Credit (USD mn) 225.202 2022 yearly 1976 - 2022
AR: BoP: Financial Account: Direct Investment: Liabilities (USD mn) 15,408.347 2022 yearly 1976 - 2022
AR: BoP: Financial Account: Portfolio Investment: Liabilities (USD mn) -5,396.710 2022 yearly 1976 - 2022
AR: BoP: Financial Account: Portfolio Investment (USD mn) 7,133.869 2022 yearly 1976 - 2022
AR: BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) -5,117.864 2022 yearly 1976 - 2022
AR: BoP: Financial Account: Other Investment (USD mn) -8,275.757 2022 yearly 1976 - 2022
AR: BoP: Financial Account: Official Reserve Assets (USD mn) 6,919.769 2022 yearly 1976 - 2022
AR: BoP: Net Errors & Omissions (USD mn) -3,438.977 2022 yearly 1976 - 2022
AR: BoP: Current Account: Debit (USD mn) 114,420.292 2022 yearly 1976 - 2022
AR: BoP: Current Account (USD mn) -4,290.120 2022 yearly 1976 - 2022
AR: IIP: Net International Investment Position (USD mn) 123,575.368 2022 yearly 1991 - 2022
BoP: Current Account: Services: Import (USD mn) 5,100.454 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: Financial Account: Other Investments (USD mn) 8,099.443 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: Financial Account: Direct Invt: NIL: Equity Investments & Investment Fund S... (USD mn) 2,825.572 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: Financial Account: Direct Invt: NIL: Debt Securities (USD mn) 3,990.177 Dec 2023 quarterly Mar 2006 - Dec 2023
Foreign Direct Investment (USD mn) 6,049.803 Sep 2023 quarterly Mar 2017 - Sep 2023
Foreign Direct Investment: Wholesale, Retail Trade & Repair of Motor Vehicles & ... (USD mn) 823.720 Sep 2023 quarterly Mar 2017 - Sep 2023
Foreign Direct Investment: Mining & Quarrying (USD mn) 718.171 Sep 2023 quarterly Mar 2017 - Sep 2023
Foreign Direct Investment: Manufacturing (USD mn) 2,424.509 Sep 2023 quarterly Mar 2017 - Sep 2023
Foreign Direct Investment: Deposit-taking Corporations, except Central Bank (USD mn) 1,456.445 Sep 2023 quarterly Mar 2017 - Sep 2023
AR: BOP: Financial Account: Net (USD mn) -7,549.566 2022 yearly 1976 - 2022
AR: BOP: Current Account: Imports: Goods (USD mn) 76,162.545 2022 yearly 1976 - 2022
AR: BOP: Current Account: Personal Remittances: Paid (USD mn) 590.412 2022 yearly 1978 - 2022
AR: BOP: Current Account: Balance (USD mn) -4,290.120 2022 yearly 1976 - 2022
AR: BOP: Current Account: Imports: Service (USD mn) 21,395.916 2022 yearly 1976 - 2022
AR: BOP: Current Account: Exports: Service (USD mn) 14,486.550 2022 yearly 1976 - 2022
AR: BOP: Current Account: Primary Income: Net (USD mn) -11,858.200 2022 yearly 1976 - 2022
AR: BOP: Current Account: Net Trade: Goods (USD mn) 12,352.538 2022 yearly 1976 - 2022
AR: BOP: Current Account: Personal Remittances: Received (USD mn) 1,267.449 2022 yearly 1978 - 2022
AR: BOP: Current Account: Primary Income: Receipts (USD mn) 3,539.115 2022 yearly 1976 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.4 Jan 2024 monthly Dec 2002 - Jan 2024
Household Debt: % of GDP (%) 3.9 Dec 2023 quarterly Dec 2004 - Dec 2023
Money Supply M1 (USD mn) 26,029.282 Jan 2024 monthly Jan 1990 - Jan 2024
Money Supply M2 (USD mn) 59,543.329 Jan 2024 monthly Jan 1990 - Jan 2024
M2 Growth (%) 215.4 Jan 2024 monthly Jan 1991 - Jan 2024
Reserve Requirement Ratio (%) 42.2 Jan 2024 monthly Apr 1985 - Jan 2024
Foreign Exchange Reserves (USD mn) 21,364.9 Feb 2024 monthly Dec 1956 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 2.981 Dec 2023 quarterly Dec 2004 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 3.7 May 2023 monthly Jan 1990 - May 2023
Gold Reserves (USD mn) 4,058.260 Feb 2024 monthly Dec 1956 - Feb 2024
Total Deposits (USD mn) 65,593.213 Mar 2024 monthly Jul 2002 - Mar 2024
Total Deposits Growth (%) 167.2 Mar 2024 monthly Jul 2003 - Mar 2024
Domestic Credit (USD mn) 173,155.4 Jan 2024 monthly Jan 1990 - Jan 2024
Domestic Credit Growth (%) 342.6 Jan 2024 monthly Jan 1991 - Jan 2024
Credit to Households (USD bn) 16.535 Sep 2023 quarterly Mar 1994 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 100.528 Sep 2023 quarterly Mar 1990 - Sep 2023
Household Debt (USD mn) 10,447.6 Mar 2024 monthly Jul 2002 - Mar 2024
Total Loans (USD mn) 189,970.501 Jan 2024 monthly Jan 1990 - Jan 2024
Total Loans Growth (%) 347.61 Jan 2024 monthly Jan 1991 - Jan 2024
Private Debt: % of Nominal GDP (%) 12.52 Dec 2023 quarterly Dec 2004 - Dec 2023
Official Reserve Assets (ORA) (USD mn) 26,690.390 Feb 2024 monthly Dec 1999 - Feb 2024
ORA: Foreign Currency Reserves (FCR) (USD mn) 21,364.940 Feb 2024 monthly Jul 2006 - Feb 2024
ORA: Gold Incl Gold Deposits & Gold Swapped (USD mn) 4,058.260 Feb 2024 monthly Dec 1999 - Feb 2024
Deposits: ARS (ARS mn) 56,278,977.161 Mar 2024 monthly Jul 2002 - Mar 2024
Loans (ARS mn) 5,759,914.20 Jun 2018 monthly Jan 1990 - Jun 2018
Loans: ARS: Non Financial: Private: Mortgages (ARS mn) 595,201.774 Mar 2024 monthly Jul 2002 - Mar 2024
Business and Economic Survey Last Frequency Range
Geopolitical Risk Index (%) 0.007 Mar 2024 monthly Jan 1985 - Mar 2024

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