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Economy of Argentina vs Croatia compared: GDP & Debt

Updated on by Georank

Argentina has a GDP of $683B compared to $105B for Croatia, ranking 25/197 and 73/197 by economy size, respectively.

Argentina has $549B in government debt (80.3% of GDP), compared to $58.7B (55.9% of GDP) in Croatia.

Argentina vs Croatia GDP by year

Argentina
Croatia
1x
Year GDP, current $
Argentina Croatia
2025 $683,097,891,619 $105,060,182,186
2024 $638,365,455,340 $92,981,894,168
2023 $649,461,687,959 $85,621,337,533
2022 $633,993,756,301 $71,196,460,237
2021 $486,564,085,480 $69,002,262,505
2020 $385,740,508,437 $57,959,824,238
2019 $447,754,683,615 $61,467,261,345
2018 $524,819,892,360 $61,668,280,700
2017 $643,628,393,281 $56,182,225,079
2016 $557,532,320,663 $52,650,804,052
2015 $594,749,285,413 $50,999,271,059
2014 $526,319,673,732 $59,607,109,597
2013 $552,025,140,252 $59,846,869,999
2012 $545,982,375,701 $57,547,495,860
2011 $530,158,122,010 $62,889,150,894
2010 $423,627,422,092 $58,975,127,201
2009 $332,976,484,578 $62,315,450,611
2008 $361,558,037,110 $68,473,103,477
2007 $287,530,508,431 $59,290,547,254
2006 $232,557,260,817 $49,583,643,048
2005 $198,737,095,012 $45,012,776,906
2004 $164,657,930,453 $41,836,096,243
2003 $127,586,973,492 $35,244,797,329
2002 $97,724,004,252 $26,757,633,353
2001 $268,696,750,000 $23,067,071,478
2000 $284,203,750,000 $22,134,069,750
1999 $283,523,000,000 $23,776,940,769
1998 $298,948,250,000 $25,889,813,449
1997 $292,859,000,000 $24,175,272,572
1996 $272,149,750,000 $24,151,469,717
1995 $258,031,750,000 $22,772,224,146
1994 $257,440,000,000 $15,062,911,617
1993 $236,741,715,015 $11,259,647,874
1992 $228,778,917,308 $10,621,169,291
1991 $189,719,984,268 $18,760,386,775
1990 $141,352,654,305 $25,650,213,280
1989 $76,629,728,760 -
1988 $126,890,235,049 -
1987 $108,810,885,301 -
1986 $105,872,372,614 -
1985 $88,150,891,728 -
1984 $116,915,052,107 -
1983 $103,979,106,778 -
1982 $84,307,486,837 -
1981 $78,676,842,367 -
1980 $76,961,923,741 -
1979 $69,252,328,952 -
1978 $89,049,453,088 -
1977 $56,781,000,101 -
1976 $51,169,499,892 -
1975 $52,438,647,922 -
1974 $72,436,777,342 -
1973 $52,544,000,117 -
1972 $34,733,000,536 -
1971 $33,293,199,095 -
1970 $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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Argentina vs Croatia by year

Argentina
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Argentina Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,898 - $27,104 -
2024 $13,970 $30,431 $24,050 $49,551
2023 $14,262 $30,221 $22,183 $47,760
2022 $13,962 $29,809 $18,466 $42,125
2021 $10,738 $26,300 $17,789 $36,930
2020 $8,536 $22,393 $14,808 $31,594
2019 $9,956 $23,517 $15,564 $33,064
2018 $11,753 $24,410 $15,460 $29,789
2017 $14,533 $23,385 $13,902 $27,888
2016 $12,700 $20,106 $12,820 $25,803
2015 $13,680 $19,899 $12,284 $23,750
2014 $12,233 $19,487 $14,187 $22,706
2013 $12,964 $19,929 $14,135 $22,430
2012 $12,950 $19,430 $13,508 $21,619
2011 $12,704 $19,105 $14,692 $21,191
2010 $10,260 $17,848 $13,730 $20,139
2009 $8,150 $16,182 $14,475 $20,358
2008 $8,944 $17,277 $15,888 $21,018
2007 $7,185 $16,455 $13,756 $19,568
2006 $5,869 $14,844 $11,501 $17,629
2005 $5,068 $13,465 $10,443 $15,451
2004 $4,242 $12,118 $9,719 $14,686
2003 $3,320 $10,933 $8,190 $13,692
2002 $2,570 $9,953 $6,220 $12,775
2001 $7,141 $11,118 $5,365 $11,653
2000 $7,637 $11,500 $4,954 $10,675
1999 $7,706 $11,464 $5,269 $9,943
1998 $8,219 $11,836 $5,712 $9,890
1997 $8,147 $11,403 $5,331 $9,536
1996 $7,663 $10,496 $5,300 $8,806
1995 $7,358 $9,891 $4,929 $8,052
1994 $7,438 $10,103 $3,238 $7,337
1993 $6,932 $9,472 $2,448 $6,861
1992 $6,790 $8,668 $2,321 $7,326
1991 $5,709 $7,961 $4,001 $7,918
1990 $4,315 $7,158 $5,369 $9,526
1989 $2,375 - - -
1988 $3,993 - - -
1987 $3,477 - - -
1986 $3,436 - - -
1985 $2,906 - - -
1984 $3,915 - - -
1983 $3,538 - - -
1982 $2,915 - - -
1981 $2,764 - - -
1980 $2,748 - - -
1979 $2,512 - - -
1978 $3,282 - - -
1977 $2,126 - - -
1976 $1,947 - - -
1975 $2,027 - - -
1974 $2,845 - - -
1973 $2,098 - - -
1972 $1,409 - - -
1971 $1,373 - - -
1970 $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 (1960–2025, retrieved 2026-07-08).

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

Argentina's GDP per capita is $14,898, ranking 70/197, compared to $27,104 in Croatia, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 73rd at $30,431, while Croatia ranks 46th at $49,551.

Economic indicators

Argentina Croatia
Gross domestic product
$683B
2025
$105B
2025
GDP rank
25/197
2025
73/197
2025
GDP growth
4.37%
2024-2025
3.4%
2024-2025
GDP per capita
$14,898
2025
$27,104
2025
GDP per capita rank
70/197
2025
49/197
2025
GDP per capita, PPP
$30,431
2024
$49,551
2024
GDP per capita PPP rank
73/197
2024
46/197
2024
Government debt
$549B
2025
$58.7B
2025
Debt-to-GDP ratio
80.3%
2025
55.9%
2025
Government debt per person
$11,965
2025
$15,144
2025
Government debt per person rank
52/185
2025
44/185
2025
Average annual personal income after taxes
$8,751
2026
$20,376
2026
Market capitalization of domestic companies
$52.9B
2022
$37.9B
2025
Number of billionaires
5
2026
1
2026
Income share by richest 10%
31.2%
2024
23.3%
2023
Income share by poorest 10%
1.9%
2024
2.9%
2023
Government expenditure, % of GDP
31.6%
2025
49.3%
2025
Consumer prices inflation
41.9%
2024-2025
3.69%
2024-2025
Central bank interest rate
29%
2025
n/a
Unemployment rate
7.38%
2025
4.9%
2025
Population
46083022
3849788

Spending and national debt comparison by year

Argentina
Spending

Debt
Croatia
Spending

Debt
1x
Year % of GDP
Argentina Croatia
Government spending Government debt Government spending Government debt
2025 31.6% 80.3% 49.3% 55.9%
2024 31% 84.7% 48% 57.4%
2023 37.6% 154.6% 46.3% 60.9%
2022 37.6% 84.3% 45% 68.5%
2021 37.9% 81% 48.2% 78.2%
2020 42.5% 103.8% 53.8% 86.5%
2019 38.1% 89.8% 44.4% 70.9%
2018 38.9% 85.2% 45% 72.8%
2017 41.1% 57% 44.1% 76.2%
2016 41.5% 53.1% 45.9% 79.3%
2015 41.4% 52.6% 47.6% 82.8%
2014 38.9% 44.7% 48.7% 83.2%
2013 37.6% 43.5% 48% 79.5%
2012 36.8% 40.4% 47.3% 68.9%
2011 34.9% 38.9% 48.6% 63.1%
2010 33.4% 43.5% 48.2% 56.8%
2009 34.5% 55.4% 49.3% 47.9%
2008 30.8% 53.8% 46.3% 38.9%
2007 29.6% 62.1% 46.4% 37.1%
2006 26.6% 70.8% 44.6% 38.4%
2005 24.4% 80.3% 46.5% 40.9%
2004 23% 117.9% 49% 40%
2003 22% 125.2% 49.6% 37.8%
2002 21.9% 147.2% 49.2% 36.5%
2001 26.4% 48% 50.6% 36.6%
2000 25.2% 40.8% 54.6% 35.4%
1999 25.5% 38.9% 58.9% 30%
1998 23.1% 34.1% 56.8% 23.3%
1997 22.6% 31.7% 51.7% 22.5%
1996 22.7% 32.6% 52.1% -
1995 22.9% 30.7% 50.3% -
1994 22.9% 28.4% 45.4% -
1993 22% 26.9% 35.9% -
1992 12.1% 25% 37.1% -
1991 11.4% 35.7% - -
1990 11% 48.5% - -
1989 11% 118.2% - -
1988 12.3% 61.4% - -
1987 13.7% 74.1% - -
1986 13.7% 55.9% - -
1985 14.7% 55.2% - -
1984 13% 54.6% - -
1983 14.2% 64.2% - -
1982 15.9% 52.2% - -
1981 17% 26.5% - -
1980 15.2% 11.4% - -
1979 14.5% 12.4% - -
1978 14.9% 17.5% - -
1977 12.6% 25.1% - -
1976 13% 28.7% - -
1975 12.5% 33.8% - -
1974 14% 13% - -
1973 12.6% 12% - -
1972 11.2% 17.1% - -
1971 11.7% 15.2% - -
1970 12% 13.5% - -
1969 12.3% 9.63% - -
1968 12.8% 9.43% - -
1967 13% 10.9% - -
1966 12.1% 13.4% - -
1965 11.6% 15.9% - -
1964 11.8% 16.8% - -
1963 11.2% 23.4% - -
1962 11.3% 25.1% - -
1961 12.3% 8.69% - -
1960 11.3% 8.39% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-07-08).

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

In 2025, Argentina's government spending was $216B, accounting for 31.6% of its GDP, while Croatia spent $51.8B, or 49.3% of GDP.

Debt-to-GDP ratio is 80.3% in Argentina and 55.9% in Croatia, ranking 43/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Argentina

Croatia
1x
Year Deficit/surplus, % of GDP
Argentina Croatia
2025 -0.38% -2.89%
2024 0.46% -1.95%
2023 -5.33% -0.79%
2022 -3.84% 0.14%
2021 -4.33% -2.57%
2020 -8.67% -7.24%
2019 -4.44% 2.32%
2018 -5.44% 0.22%
2017 -6.69% 0.81%
2016 -6.65% -1.04%
2015 -6% -3.53%
2014 -4.25% -5.19%
2013 -3.25% -5.51%
2012 -3.02% -5.46%
2011 -2.75% -7.51%
2010 -1.39% -6.45%
2009 -1.83% -7.15%
2008 0.35% -2.33%
2007 0.76% -2.27%
2006 1.65% -2%
2005 3.34% -3.24%
2004 3.97% -6.09%
2003 1.5% -5.03%
2002 -1.91% -4.9%
2001 -5.36% -4.79%
2000 -3.42% -9.2%
1999 -3.71% -11.1%
1998 -1.83% -6.36%
1997 -1.84% -4.93%
1996 -2.81% -4.41%
1995 -2.07% -4.23%
1994 -1.25% -0.82%
1993 -0.02% -2.67%
1992 1.54% -5.69%
1991 0.96% -
1990 -0.14% -
1989 -0.25% -
1988 -1.75% -
1987 1.89% -
1986 3.3% -
1985 3.6% -
1984 -1.39% -
1983 -2.89% -
1982 -4.68% -
1981 -3.93% -
1980 -1.14% -
1979 -1.5% -
1978 -1.36% -
1977 -0.54% -
1976 -2.39% -
1975 -2.9% -
1974 -1.08% -
1973 -1.48% -
1972 -0.12% -
1971 0.32% -
1970 1.01% -
1969 0.54% -
1968 0.25% -
1967 0.66% -
1966 -0.98% -
1965 -0.89% -
1964 -1.34% -
1963 -0.65% -
1962 -0.47% -
1961 1.73% -
1960 -1.98% -
1959 -4.82% -
1958 -6.61% -
1957 -2.72% -
1956 -3.77% -
1955 -3.75% -
1954 -3.21% -
1953 -3.1% -
1952 -3.01% -
1951 -3.52% -
1950 -3.38% -
1949 -3.98% -
1948 -2.73% -
1947 -1.6% -
1946 -4.12% -
1945 -5.25% -
1944 -4.61% -
1943 -3.86% -
1942 -2.9% -
1941 -2.85% -
1940 -2.31% -
1939 -3.09% -
1938 -2.09% -
1937 -1.62% -
1936 -1.44% -
1935 -1.16% -
1934 -1.56% -
1933 -1.27% -
1932 -1.19% -
1931 -2.98% -
1930 -3.94% -
1929 -1.95% -
1928 -1.52% -
1927 -3.3% -
1926 -1% -
1925 -0.46% -
1924 -0.68% -
1923 -0.93% -
1922 -1.86% -
1921 -0.99% -
1920 0.2% -
1919 -0.3% -
1918 -1.14% -
1917 -2.18% -
1916 -2.13% -
1915 -2.64% -
1914 -3.03% -
1913 -0.61% -
1912 -0.78% -
1911 -2.19% -
1910 -2.24% -
1909 -2.57% -
1908 0.28% -
1907 -0.2% -
1906 -0.32% -
1905 -3.52% -
1904 0.15% -
1903 -0.25% -
1902 -2.2% -
1901 -0.54% -
1900 -0.42% -
1899 -0.4% -
1898 -9.31% -
1897 -1.46% -
1896 -4.19% -
1895 -1.59% -
1894 -1.06% -
1893 0.06% -
1892 -1.33% -
1891 -4.48% -
1890 -1.82% -
1889 -2.88% -
1888 -0.69% -
1887 0.35% -
1886 -2.39% -
1885 -2.67% -
1884 -4.07% -
1883 -4.19% -
1882 -5.42% -
1881 -2.31% -
1880 -2.15% -
1879 -1.09% -
1878 -1.08% -
1877 -1.68% -
1876 -4.15% -
1875 -3.08% -
1874 -2.59% -
1873 -1.39% -
1872 -1.18% -
1871 -5.54% -
1870 -2.74% -
1869 -1.61% -
1868 -1.8% -
1867 -1.08% -
1866 -2.09% -
1865 -0.79% -
1864 0.51% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1864–1992, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Argentina's government deficit, the difference between spending and revenue, was $2.6B, equivalent to 0.38% of GDP. This compares to Croatia's deficit of $3.04B, or 2.89% of GDP.

Over the past 34 years, Argentina recorded a fiscal deficit in 26 of those years, while Croatia ran a deficit in 30 years. On average, Argentina posted an annual deficit equal to 2.32% of GDP, compared to deficit of 3.94% of GDP for Croatia.

Inflation comparison by year

Inflation
Argentina

Croatia
1x
Year Consumer prices inflation
Argentina Croatia
2025 41.9% 3.69%
2024 219.9% 2.97%
2023 133.5% 7.94%
2022 72.4% 10.8%
2021 48.4% 2.55%
2020 42% 0.15%
2019 53.5% 0.77%
2018 34.3% 1.5%
2017 25.7% 1.13%
2016 - -1.12%
2015 - -0.46%
2014 - -0.22%
2013 10.6% 2.22%
2012 10% 3.41%
2011 9.8% 2.27%
2010 10.5% 1.03%
2009 6.3% 2.38%
2008 8.6% 6.08%
2007 8.8% 2.9%
2006 10.9% 3.19%
2005 9.6% 3.32%
2004 4.4% 2.06%
2003 13.4% 1.77%
2002 25.9% 1.67%
2001 -1.1% 3.78%
2000 -0.9% 4.61%
1999 -1.2% 4.02%
1998 0.9% 6.4%
1997 - 4.17%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (1998–2025, retrieved 2026-07-08).

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

Over the past 28 years, Argentina has recorded an average annual inflation rate of 31.9%, compared with 2.89% in Croatia. In 2025, inflation was 41.9% in Argentina and 3.69% in Croatia.

Top exports between countries

Argentina
Export category Export value
Miscellaneous $14.1M
Raw agricultural goods $11.1M
Animal & marine products $5.86M
Processed food, beverages & tobacco $127K
Machinery & equipment $47K
Croatia
Export category Export value
Transport & tourism services $9.45M
Metals $1.09M
Machinery & equipment $906K
Miscellaneous $403K
Chemicals & pharma $256K
Textiles & consumer goods $230K
Processed food, beverages & tobacco $210K
Wood & paper products $174K
IT & IP services $139K
Weapons & explosives $50K

Balance of trade

Argentina Croatia
Current account balance
-$7.58B
2025
-$1.93B
2024
Current account balance ranking
169/190
2025
141/190
2024
Current account balance, % of GDP
-1.11%
2025
-2.08%
2024
Goods imports
$71.8B
2025
$42.5B
2024
Goods exports
$87.2B
2025
$21.9B
2024
Service imports
$29.3B
2025
$8.42B
2024
Service exports
$18B
2025
$24.8B
2024
Imports of goods and services, % of GDP
14.8%
2025
53%
2025
Exports of goods and services, % of GDP
15.6%
2025
48%
2025

Economic freedom indices

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

Argentina Croatia
Economic freedom 57.4 67.5
Economic freedom ranking 117/197 56/197
Property rights 41.2 81.1
Government integrity 41.2 52.6
Judicial effectiveness 58.2 71.7
Tax burden 67.8 70
Government spending 62.3 34.9
Fiscal health 72.2 92.2
Business freedom 56.8 79.6
Labor freedom 53.5 58.9
Monetary freedom 28.9 69.9
Trade freedom 67.4 79.4
Investment freedom 70 60
Financial freedom 70 60

Economic freedom comparison by year

Argentina
Croatia
1x
Year Economic freedom index
Argentina Croatia
2026 57.4 67.5
2025 54.2 68.7
2024 49.9 67.2
2023 51 66.4
2022 50.1 67.6
2021 52.7 63.6
2020 53.1 62.2
2019 52.2 61.4
2018 52.3 61
2017 50.4 59.4
2016 43.8 59.1
2015 44.1 61.5
2014 44.6 60.4
2013 46.7 61.3
2012 48 60.9
2011 51.7 61.1
2010 51.2 59.2
2009 52.3 55.1
2008 54.2 54.1
2007 54 53.4
2006 53.4 53.6
2005 51.7 51.9
2004 53.9 53.1
2003 56.3 53.3
2002 65.7 51.1
2001 68.6 50.7
2000 70 53.6
1999 70.6 53.1
1998 70.9 51.7
1997 73.3 46.7
1996 74.7 48
1995 68 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Argentina is 57.4, ranking 117/197, compared to 67.5 for Croatia, ranking 56/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Argentina Croatia
Services, % of GDP
56.2%
2025
60.9%
2025
Industry, % of GDP
22.9%
2025
19%
2025
Agriculture, forestry, and fishing, % of GDP
5.53%
2025
2.83%
2025
GNI, Atlas method
$672B
2025
$98.3B
2025
GNI per capita, PPP
$31,920
2025
$50,410
2025
Total reserves including gold
$41B
2025
$4.22B
2025
Total reserves ranking
54/177
2025
110/177
2025
Net foreign direct investment
-$300M
2025
-$1.74B
2024
Net inflows of foreign direct investment
$11.6B
2024
$4.54B
2024
Net outflows of foreign direct investment
$2.76B
2024
$2.79B
2024
Servicing debt to the IMF, % of GNI
6.32%
2024
n/a
Poverty at national poverty lines
38.1%
2024
20.3%
2024
Gross capital formation, % of GDP
16.1%
2025
24.6%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1864–1997, retrieved 2026-07-08)
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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.