Argentina vs Armenia: Economic Indicators Comparison

Argentina with a GDP of $519.9B ranked the 25th largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, Argentina and Armenia ranked 169th vs 56th and 66th vs 115th, respectively.

Gross Domestic Product & Income

StatArgentinaArmenia
GDP$519.9B$12.4B
GDP growth, 1 year-2.5%5%
GDP growth, 5-years average-0.3%3.9%
Population44.9M2.9M
GDP per capita$12k$4.2k
GDP per capita growth-3.47%4.95%
Purchasing Power Parity conversion factor15.93196.69
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.41
GDP per capita, PPP adjusted$21k$10k
GNI, Atlas method$551.2B$12.5B
GNI per capita$12k$4.2k
GNI, PPP adjusted$884.2B$30.9B
GNI per capita, PPP adjusted$20k$10k

Financial system and Human development

StatArgentinaArmenia
Income Tax Rate35%26%
Corporate Tax Rate30%20%
Inflation, consumer prices34.3%2.5%
Inflation, GDP deflator40.7%2.6%
Unemployment9.5%17.7%
Economic Freedom Index53.170.6
Personal Freedom Index8.197.21
Human Freedom Index7.17.42
Property Rights Index50.560.7
Judical Effectiveness Index4754.1
Business Freedom Index60.281
Fiscal Health Index24.768.8
Labor Freedom Index46.572.5
Investment Freedom Index5575
Financial Freedom Index6070
Trade Freedom Index69.280.6
Monetary Freedom Index53.776
Government Spending Index50.780.6
Tax Burden Index69.684.9
Government Integrity Index49.743.4
Corruption Perceptions Index4035
Life expectancy at birth, years76.474.8
Suicide mortality rate, per 100,000 people9.26.6
Mortality caused by road traffic injury, per 100,000 people1417.1
Intentional homicides, per 100,000 people5.12.4
International tourism, number of arrivals6.9M1.7M

Government debt & reserves

StatArgentinaArmenia
Central government debt, % of GDP86.3%48.5%
External debt stocks, % of GNI56.1%87.5%
External debt stocks$280.5B$11B
Short-term debt, % of total reserves102.1%50.2%
Total debt service, % of exports and primary income45%29.9%
Adjusted net savings including particulate emission damage, % of GNI5.4%1.5%
Gross savings, % of GDP15.5%13.6%
Gross capital formation, % of GDP21%22.4%
Total reserves including gold$66.2B$2.3B
Foreign direct investment net inflows$11.9B$254.1M

Exports, imports and economic structure

StatArgentinaArmenia
Exports of goods and services, % of GDP14.3%37.8%
Imports of goods and services, % of GDP16.4%53.5%
Current account balance (balance of payments)-$27.5B-$1.2B
Revenue excluding grants, % of GDP19.4%22.5%
Grants excluding technical cooperation, BoP$30.3M$111.9M
Personal remittances received$515.9M$1.5B
Industry including construction value added, % of GDP23%25%
Agriculture, forestry and fishing value added, % of GDP6.1%13.7%
Charges for the use of intellectual property, payments BoP$2BN/A
Charges for the use of intellectual property, receipts BoP$268.3MN/A
Expense, % of GDP24.3%22.1%
Government Expenditure, % of GDP40.5%25.4%

Compare with countries close by GDP per capita

Argentina vs

CountryGDP
per capita
Population
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k

Armenia vs

CountryGDP
per capita
Population
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M