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Argentina Debt to GDP Ratio

Argentina's government debt to GDP fell to 83.2% in 2024, the lowest since 2021, down from 157% in 2023. This sharp decline resulted from aggressive fiscal adjustments including spending cuts and increased tax revenue. Monetary contraction and GDP recovery in the third quarter also aided the ratio. Argentina's record low government debt to GDP was 34.5% in 1997 and record high was 166.7% in 2002.

Yearly Historical Data (1997-2024)

(in %)
Year Debt to GDP Ratio
2024 83.2%
2023 157%
2022 85%
2021 80.8%
2020 103.8%
2019 89.8%
2018 85.2%
2017 56.5%
2016 53.1%
2015 52.5%
2014 44.7%
2013 43.5%
2012 40.4%
2011 38.9%
2010 43.5%
2009 55.5%
2008 53.8%
2007 62.1%
2006 70.6%
2005 80.5%
2004 118.1%
2003 139.2%
2002 166.7%
2001 53.7%
2000 45.7%
1999 43%
1998 37.6%
1997 34.5%
Argentina Debt to GDP Ratio : Definition
Argentina's government debt to GDP shows its debt relative to economic output. It's calculated by dividing total government debt by the country's Gross Domestic Product. A higher ratio suggests greater repayment challenges.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 0.6% -3.2% Dec'24
Overnight Repo Rate 29% 29% Jul'25
Private Credit (% GDP) 15.24% 15.44% 2024