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Economy of Andorra vs Argentina compared: GDP & Debt

Updated on by Georank team

Andorra has a GDP of $4.04B compared to $638B for Argentina, ranking 166/197 and 24/197 by economy size, respectively.

Andorra vs Argentina GDP by year

Andorra
Argentina
1x
Year GDP, current $
Andorra Argentina
2024 $4,039,842,405 $638,365,455,340
2023 $3,785,065,525 $649,461,687,959
2022 $3,380,611,695 $633,993,756,301
2021 $3,324,648,076 $486,564,085,480
2020 $2,891,002,460 $385,740,508,437
2019 $3,155,150,256 $447,754,683,615
2018 $3,218,418,632 $524,819,892,360
2017 $3,000,160,415 $643,628,393,281
2016 $2,896,611,879 $557,532,320,663
2015 $2,789,882,569 $594,749,285,413
2014 $3,271,686,452 $526,319,673,732
2013 $3,193,513,470 $552,025,140,252
2012 $3,188,653,259 $545,982,375,701
2011 $3,629,133,063 $530,158,122,010
2010 $3,449,925,694 $423,627,422,092
2009 $3,688,974,807 $332,976,484,578
2008 $4,102,317,468 $361,558,037,110
2007 $3,957,627,537 $287,530,508,431
2006 $3,459,336,818 $232,557,260,817
2005 $3,161,084,847 $198,737,095,012
2004 $2,900,244,054 $164,657,930,453
2003 $2,366,941,614 $127,586,973,492
2002 $1,764,279,818 $97,724,004,252
2001 $1,548,265,927 $268,696,750,000
2000 $1,432,606,296 $284,203,750,000
1999 $1,240,295,199 $283,523,000,000
1998 $1,211,953,994 $298,948,250,000
1997 $1,180,645,572 $292,859,000,000
1996 $1,224,024,139 $272,149,750,000
1995 $1,178,745,283 $258,031,750,000
1994 $1,017,544,069 $257,440,000,000
1993 $1,007,090,270 $236,741,715,015
1992 $1,209,992,020 $228,778,917,308
1991 $1,106,891,362 $189,719,984,268
1990 $1,028,989,692 $141,352,654,305
1989 $795,489,582 $76,629,728,760
1988 $721,425,939 $126,890,235,049
1987 $611,299,925 $108,810,885,301
1986 $481,996,013 $105,872,372,614
1985 $346,742,715 $88,150,891,728
1984 $330,073,081 $116,915,052,107
1983 $327,850,043 $103,979,106,778
1982 $375,914,744 $84,307,486,837
1981 $388,983,266 $78,676,842,367
1980 $446,377,777 $76,961,923,741
1979 $411,548,748 $69,252,328,952
1978 $308,020,261 $89,049,453,088
1977 $253,997,897 $56,781,000,101
1976 $227,283,851 $51,169,499,892
1975 $220,112,572 $52,438,647,922
1974 $186,557,082 $72,436,777,342
1973 $150,841,639 $52,544,000,117
1972 $113,414,397 $34,733,000,536
1971 $89,406,608 $33,293,199,095
1970 $78,617,711 $31,584,210,366
1969 - $31,256,284,544
1968 - $26,436,857,247
1967 - $24,256,667,553
1966 - $28,630,474,728
1965 - $28,344,705,967
1964 - $25,605,249,382
1963 - $18,272,123,664
1962 - $18,337,691,145
1961 - $20,132,220,375
1960 - $15,865,474,315

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/andorra/argentina | CC BY

GDP per capita in Andorra vs Argentina by year

Andorra
GDP per capita

GDP per capita, PPP
Argentina
GDP per capita

GDP per capita, PPP
1x
Year Current $
Andorra Argentina
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $49,304 $74,939 $13,970 $30,431
2023 $46,812 $71,731 $14,262 $30,221
2022 $42,414 $68,470 $13,962 $29,809
2021 $42,426 $59,332 $10,738 $26,300
2020 $37,361 $52,096 $8,536 $22,393
2019 $41,258 $57,475 $9,956 $23,517
2018 $42,820 $55,245 $11,753 $24,410
2017 $40,673 $53,085 $14,533 $23,385
2016 $40,130 $53,110 $12,700 $20,106
2015 $38,655 $50,733 $13,680 $19,899
2014 $44,370 $48,506 $12,233 $19,487
2013 $42,470 $45,609 $12,964 $19,929
2012 $41,501 $45,503 $12,950 $19,430
2011 $46,657 $46,436 $12,704 $19,105
2010 $42,747 $43,853 $10,260 $17,848
2009 $43,975 $42,523 $8,150 $16,182
2008 $49,132 $44,839 $8,944 $17,277
2007 $48,336 $47,501 $7,185 $16,455
2006 $43,467 $46,853 $5,869 $14,844
2005 $40,830 $44,578 $5,068 $13,465
2004 $39,021 $42,717 $4,242 $12,118
2003 $34,064 $41,148 $3,320 $10,933
2002 $26,528 $38,787 $2,570 $9,953
2001 $23,511 $36,895 $7,141 $11,118
2000 $21,810 $33,458 $7,637 $11,500
1999 $18,875 $31,590 $7,706 $11,464
1998 $18,537 $30,073 $8,219 $11,836
1997 $18,248 $29,122 $8,147 $11,403
1996 $19,130 $26,542 $7,663 $10,496
1995 $18,443 $24,934 $7,358 $9,891
1994 $15,749 $23,509 $7,438 $10,103
1993 $15,917 $22,958 $6,932 $9,472
1992 $20,100 $23,817 $6,790 $8,668
1991 $19,533 $24,510 $5,709 $7,961
1990 $19,564 $24,909 $4,315 $7,158
1989 $15,715 - $2,375 -
1988 $14,599 - $3,993 -
1987 $12,828 - $3,477 -
1986 $10,539 - $3,436 -
1985 $7,912 - $2,906 -
1984 $7,808 - $3,915 -
1983 $8,082 - $3,538 -
1982 $9,698 - $2,915 -
1981 $10,465 - $2,764 -
1980 $12,475 - $2,748 -
1979 $11,996 - $2,512 -
1978 $9,410 - $3,282 -
1977 $8,168 - $2,126 -
1976 $7,721 - $1,947 -
1975 $7,925 - $2,027 -
1974 $7,140 - $2,845 -
1973 $6,151 - $2,098 -
1972 $4,940 - $1,409 -
1971 $4,170 - $1,373 -
1970 $3,935 - $1,323 -
1969 - - $1,330 -
1968 - - $1,142 -
1967 - - $1,064 -
1966 - - $1,275 -
1965 - - $1,282 -
1964 - - $1,176 -
1963 - - $853 -
1962 - - $870 -
1961 - - $971 -
1960 - - $778 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/andorra/argentina | CC BY

Andorra's GDP per capita is $49,304, ranking 25/197, compared to $13,970 in Argentina, ranking 72/197. Adjusted for purchasing power (GDP per capita PPP), Andorra ranks 18th at $74,939, while Argentina ranks 73rd at $30,431.

Economic indicators

Andorra Argentina
Gross domestic product
$4.04B
2024
$638B
2024
GDP rank
166/197
2024
24/197
2024
GDP growth
3.37%
2023-2024
-1.34%
2023-2024
GDP per capita
$49,304
2024
$13,970
2024
GDP per capita rank
25/197
2024
72/197
2024
GDP per capita, PPP
$74,939
2024
$30,431
2024
GDP per capita PPP rank
18/197
2024
73/197
2024
Government debt n/a
$540B
2024
Debt-to-GDP ratio n/a
84.7%
2024
Government debt per person n/a
$11,826
2024
Government debt per person rank n/a
46/185
2024
Average annual personal income after taxes
$32,457
2026
$8,743
2026
Market capitalization of domestic companies n/a
$52.9B
2022
Number of billionaires n/a
5
2025
Income share by richest 10% n/a
31.2%
2024
Income share by poorest 10% n/a
1.9%
2024
Government expenditure, % of GDP
35%
2025
31%
2024
Consumer prices inflation
-0.9%
2019-2020
219.9%
2023-2024
Central bank interest rate n/a
29%
2025
Unemployment rate
3.7%
2016
1.69%
2024
Population
84102
46048053

Inflation comparison by year

Inflation
Andorra

Argentina
1x
Year Consumer prices inflation
Andorra Argentina
2024 - 219.9%
2023 - 133.5%
2022 - 72.4%
2021 - 48.4%
2020 -0.9% 42%
2019 -0.9% 53.5%
2018 -0.9% 34.3%
2017 - 25.7%
2016 - -
2015 -0.9% -
2014 - -
2013 - 10.6%
2012 1.1% 10%
2011 - 9.8%
2010 1.6% 10.5%
2009 - 6.3%
2008 2.3% 8.6%
2007 3.9% 8.8%
2006 - 10.9%
2005 3.2% 9.6%
2004 3.4% 4.4%
2003 - 13.4%
2002 - 25.9%
2001 - -1.1%
2000 4.3% -0.9%
1999 - -1.2%
1998 1.62% 0.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1998–2024, retrieved 2026-02-20); Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20).

GeoRank.org/economy/andorra/argentina | CC BY

Over the past 23 years, Andorra has recorded an average annual inflation rate of 1.49%, compared with 14.1% in Argentina. In 2020, inflation was -0.9% in Andorra and 219.9% in Argentina.

Top exports between countries

Andorra
Export category Export value
Metals $102K
Machinery & equipment $30K
Textiles & consumer goods $11K
Weapons & explosives $9K
Chemicals & pharma $7K
Argentina
Export category Export value
Processed food, beverages & tobacco $45K

Balance of trade

Andorra Argentina
Current account balance
$649M
2024
$5.7B
2024
Current account balance ranking
57/190
2024
32/190
2024
Current account balance, % of GDP
+16.1%
2024
+0.89%
2024
Goods imports
$1.95B
2024
$57.4B
2024
Goods exports
$255M
2024
$79.8B
2024
Service imports
$1.04B
2024
$22.9B
2024
Service exports
$3.38B
2024
$17.2B
2024
Imports of goods and services, % of GDP n/a
12.7%
2024
Exports of goods and services, % of GDP
15%
2025
15.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Andorra Argentina
Economic freedom 72 57.4
Economic freedom ranking 28/197 117/197
Property rights n/a 41.2
Government integrity n/a 41.2
Judicial effectiveness n/a 58.2
Tax burden n/a 67.8
Government spending n/a 62.3
Fiscal health n/a 72.2
Business freedom n/a 56.8
Labor freedom n/a 53.5
Monetary freedom n/a 28.9
Trade freedom n/a 67.4
Investment freedom n/a 70
Financial freedom n/a 70

Other economic metrics

Andorra Argentina
Services, % of GDP
77.6%
2024
53.7%
2024
Industry, % of GDP
12.8%
2024
24%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2024
5.81%
2024
GNI, Atlas method
$3.9B
2024
$618B
2024
GNI per capita, PPP
$76,090
2024
$29,800
2024
Total reserves including gold n/a
$29.6B
2024
Total reserves ranking n/a
56/177
2024
Net foreign direct investment
-$150M
2024
-$8.89B
2024
Net inflows of foreign direct investment
$268M
2024
$11.6B
2024
Net outflows of foreign direct investment
$118M
2024
$2.76B
2024
Servicing debt to the IMF, % of GNI n/a
6.32%
2024
Poverty at national poverty lines
8%
2008
38.1%
2024
Gross capital formation, % of GDP n/a
15.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/andorra/argentina | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1998–2024, retrieved 2026-02-20)
  4. Central Intelligence Agency (CIA) (1998–2020, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2020–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.