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Economy of Argentina vs East Timor compared: GDP & Debt

Updated on by Georank

Argentina has a GDP of $683B compared to $1.9B for East Timor, ranking 25/197 and 181/197 by economy size, respectively.

Argentina has $549B in government debt (80.3% of GDP), compared to $273M (14.3% of GDP) in East Timor.

Argentina vs East Timor GDP by year

Argentina
East Timor
1x
Year GDP, current $
Argentina East Timor
2025 $683,097,891,619 $1,902,180,258
2024 $638,365,455,340 $1,865,608,515
2023 $649,461,687,959 $2,079,767,200
2022 $633,993,756,301 $3,208,599,900
2021 $486,564,085,480 $3,625,024,300
2020 $385,740,508,437 $2,162,619,200
2019 $447,754,683,615 $2,032,550,400
2018 $524,819,892,360 $1,555,988,600
2017 $643,628,393,281 $1,584,878,400
2016 $557,532,320,663 $1,640,464,600
2015 $594,749,285,413 $1,590,282,400
2014 $526,319,673,732 $1,447,535,200
2013 $552,025,140,252 $1,395,727,400
2012 $545,982,375,701 $1,160,555,000
2011 $530,158,122,010 $1,042,534,600
2010 $423,627,422,092 $881,909,300
2009 $332,976,484,578 $726,937,800
2008 $361,558,037,110 $648,523,600
2007 $287,530,508,431 $542,795,400
2006 $232,557,260,817 $453,792,400
2005 $198,737,095,012 $462,268,000
2004 $164,657,930,453 $440,772,000
2003 $127,586,973,492 $490,439,100
2002 $97,724,004,252 $469,455,500
2001 $268,696,750,000 $477,359,300
2000 $284,203,750,000 $366,924,300
1999 $283,523,000,000 $225,357,600
1998 $298,948,250,000 $325,729,800
1997 $292,859,000,000 $319,972,700
1996 $272,149,750,000 $306,956,900
1995 $258,031,750,000 $262,819,900
1994 $257,440,000,000 $239,040,500
1993 $236,741,715,015 $216,914,400
1992 $228,778,917,308 $187,891,500
1991 $189,719,984,268 $147,713,000
1990 $141,352,654,305 $128,210,142
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/east-timor | CC BY

GDP per capita in Argentina vs East Timor by year

Argentina
GDP per capita

GDP per capita, PPP
East Timor
GDP per capita

GDP per capita, PPP
1x
Year Current $
Argentina East Timor
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,898 - $1,341 -
2024 $13,970 $30,431 $1,332 $4,423
2023 $14,262 $30,221 $1,502 $4,807
2022 $13,962 $29,809 $2,343 $5,730
2021 $10,738 $26,300 $2,685 $6,825
2020 $8,536 $22,393 $1,631 $6,132
2019 $9,956 $23,517 $1,562 $4,557
2018 $11,753 $24,410 $1,219 $3,561
2017 $14,533 $23,385 $1,266 $3,463
2016 $12,700 $20,106 $1,336 $3,391
2015 $13,680 $19,899 $1,320 $3,108
2014 $12,233 $19,487 $1,225 $2,860
2013 $12,964 $19,929 $1,205 $2,566
2012 $12,950 $19,430 $1,023 $2,386
2011 $12,704 $19,105 $939 $2,066
2010 $10,260 $17,848 $813 $1,955
2009 $8,150 $16,182 $687 $1,810
2008 $8,944 $17,277 $628 $1,675
2007 $7,185 $16,455 $540 $1,516
2006 $5,869 $14,844 $465 $1,377
2005 $5,068 $13,465 $487 $1,435
2004 $4,242 $12,118 $474 $1,379
2003 $3,320 $10,933 $535 $1,355
2002 $2,570 $9,953 $534 $1,417
2001 $7,141 $11,118 $588 $1,619
2000 $7,637 $11,500 $492 $1,483
1999 $7,706 $11,464 $270 $819
1998 $8,219 $11,836 $346 $1,108
1997 $8,147 $11,403 $349 $1,149
1996 $7,663 $10,496 $344 $1,116
1995 $7,358 $9,891 $303 $1,043
1994 $7,438 $10,103 $283.1 $985
1993 $6,932 $9,472 $264.1 $925
1992 $6,790 $8,668 $235.1 $843
1991 $5,709 $7,961 $189.8 $766
1990 $4,315 $7,158 $168.6 $685
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/east-timor | CC BY

Argentina's GDP per capita is $14,898, ranking 70/197, compared to $1,341 in East Timor, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 73rd at $30,431, while East Timor ranks 163rd at $4,423.

Economic indicators

Argentina East Timor
Gross domestic product
$683B
2025
$1.9B
2025
GDP rank
25/197
2025
181/197
2025
GDP growth
4.37%
2024-2025
6.98%
2024-2025
GDP per capita
$14,898
2025
$1,341
2025
GDP per capita rank
70/197
2025
168/197
2025
GDP per capita, PPP
$30,431
2024
$4,423
2024
GDP per capita PPP rank
73/197
2024
163/197
2024
Government debt
$549B
2025
$273M
2025
Debt-to-GDP ratio
80.3%
2025
14.3%
2025
Government debt per person
$11,965
2025
$192.3
2025
Government debt per person rank
52/185
2025
182/185
2025
Average annual personal income after taxes
$8,751
2026
$1,644
2026
Market capitalization of domestic companies
$52.9B
2022
n/a
Number of billionaires
5
2026
n/a
Income share by richest 10%
31.2%
2024
24%
2014
Income share by poorest 10%
1.9%
2024
4%
2014
Government expenditure, % of GDP
31.6%
2025
93.9%
2025
Consumer prices inflation
41.9%
2024-2025
0.5%
2024-2025
Central bank interest rate
29%
2025
n/a
Unemployment rate
7.38%
2025
1.54%
2022
Population
46083022
1446322

Spending and national debt comparison by year

Argentina
Spending

Debt
East Timor
Spending

Debt
1x
Year % of GDP
Argentina East Timor
Government spending Government debt Government spending Government debt
2025 31.6% 80.3% 93.9% 14.3%
2024 31% 84.7% 98% 14.4%
2023 37.6% 154.6% 78.6% 12.4%
2022 37.6% 84.3% 59.9% 7.9%
2021 37.9% 81% 45.7% 6.53%
2020 42.5% 103.8% 61.7% 10.1%
2019 38.1% 89.8% 68.8% 9.51%
2018 38.9% 85.2% 85.5% 9.31%
2017 41.1% 57% 87.3% 6.71%
2016 41.5% 53.1% 112.2% 4.71%
2015 41.4% 52.6% 98.1% 2.95%
2014 38.9% 44.7% 111% 1.52%
2013 37.6% 43.5% 96.1% 0.46%
2012 36.8% 40.4% 129.3% 0.002%
2011 34.9% 38.9% 133.3% 0%
2010 33.4% 43.5% 121.3% 0%
2009 34.5% 55.4% 121.8% 0%
2008 30.8% 53.8% 122.4% 0%
2007 29.6% 62.1% 75.8% 0%
2006 26.6% 70.8% 59.8% 0%
2005 24.4% 80.3% 58.3% 0%
2004 23% 117.9% 74.2% 0%
2003 22% 125.2% 80.1% 0%
2002 21.9% 147.2% 93.5% 0%
2001 26.4% 48% 95.7% 0%
2000 25.2% 40.8% - -
1999 25.5% 38.9% - -
1998 23.1% 34.1% - -
1997 22.6% 31.7% - -
1996 22.7% 32.6% - -
1995 22.9% 30.7% - -
1994 22.9% 28.4% - -
1993 22% 26.9% - -
1992 12.1% 25% - -
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 (1960–1992, retrieved 2026-07-08).

GeoRank.org/economy/argentina/east-timor | CC BY

In 2025, Argentina's government spending was $216B, accounting for 31.6% of its GDP, while East Timor spent $1.79B, or 93.9% of GDP.

Debt-to-GDP ratio is 80.3% in Argentina and 14.3% in East Timor, ranking 43/185 and 178/185, respectively.

Government deficit by year

Deficit/surplus
Argentina

East Timor
1x
Year Deficit/surplus, % of GDP
Argentina East Timor
2025 -0.38% -48%
2024 0.46% -47%
2023 -5.33% -34.7%
2022 -3.84% -29.5%
2021 -4.33% -20.1%
2020 -8.67% -18.9%
2019 -4.44% -25.4%
2018 -5.44% -26.9%
2017 -6.69% -33.8%
2016 -6.65% -55.7%
2015 -6% -33.2%
2014 -4.25% -37.5%
2013 -3.25% -14.4%
2012 -3.02% -38.7%
2011 -2.75% -25.4%
2010 -1.39% -19.8%
2009 -1.83% -17.2%
2008 0.35% -18.6%
2007 0.76% -29.9%
2006 1.65% 41%
2005 3.34% -10.5%
2004 3.97% -7.48%
2003 1.5% -8.24%
2002 -1.91% -7.64%
2001 -5.36% 3.24%
2000 -3.42% -
1999 -3.71% -
1998 -1.83% -
1997 -1.84% -
1996 -2.81% -
1995 -2.07% -
1994 -1.25% -
1993 -0.02% -
1992 1.54% -
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 (1993–2025, retrieved 2026-07-08).

GeoRank.org/economy/argentina/east-timor | 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 East Timor's deficit of $914M, or 48% of GDP.

Over the past 25 years, Argentina recorded a fiscal deficit in 18 of those years, while East Timor ran a deficit in 23 years. On average, Argentina posted an annual deficit equal to 2.54% of GDP, compared to deficit of 22.6% of GDP for East Timor.

Inflation comparison by year

Inflation
Argentina

East Timor
1x
Year Consumer prices inflation
Argentina East Timor
2025 41.9% 0.5%
2024 219.9% 2.1%
2023 133.5% 8.4%
2022 72.4% 7%
2021 48.4% 3.8%
2020 42% 0.5%
2019 53.5% 0.9%
2018 34.3% 2.3%
2017 25.7% 0.5%
2016 - -1.5%
2015 - 0.6%
2014 - 0.8%
2013 10.6% 9.5%
2012 10% 10.9%
2011 9.8% 13.2%
2010 10.5% 5.2%
2009 6.3% -0.2%
2008 8.6% 7.4%
2007 8.8% 8.6%
2006 10.9% 5.2%
2005 9.6% 1.6%
2004 4.4% 2.2%
2003 13.4% 8%
2002 25.9% 4.1%
2001 -1.1% 3.6%
2000 -0.9% -
1999 -1.2% -
1998 0.9% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1998–2025, retrieved 2026-07-08).

GeoRank.org/economy/argentina/east-timor | CC BY

Over the past 25 years, Argentina has recorded an average annual inflation rate of 36.3%, compared with 4.21% in East Timor. In 2025, inflation was 41.9% in Argentina and 0.5% in East Timor.

Top exports between countries

Argentina
Export category Export value
East Timor
Export category Export value
Metals $66K
Textiles & consumer goods $51K
Machinery & equipment $12K
Wood & paper products $4K

Balance of trade

Argentina East Timor
Current account balance
-$7.58B
2025
-$701M
2025
Current account balance ranking
169/190
2025
109/190
2025
Current account balance, % of GDP
-1.11%
2025
-36.9%
2025
Goods imports
$71.8B
2025
$842M
2025
Goods exports
$87.2B
2025
$126M
2025
Service imports
$29.3B
2025
$475M
2025
Service exports
$18B
2025
$147M
2025
Imports of goods and services, % of GDP
14.8%
2025
84.9%
2024
Exports of goods and services, % of GDP
15.6%
2025
10.6%
2024

Economic freedom indices

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

Argentina East Timor
Economic freedom 57.4 47.9
Economic freedom ranking 117/197 173/197
Property rights 41.2 43.5
Government integrity 41.2 43.9
Judicial effectiveness 58.2 34.5
Tax burden 67.8 97.1
Government spending 62.3 0
Fiscal health 72.2 19.6
Business freedom 56.8 62.7
Labor freedom 53.5 56.5
Monetary freedom 28.9 72.2
Trade freedom 67.4 79.8
Investment freedom 70 45
Financial freedom 70 20

Economic freedom comparison by year

Argentina
East Timor
1x
Year Economic freedom index
Argentina East Timor
2026 57.4 47.9
2025 54.2 47.9
2024 49.9 50.2
2023 51 47.2
2022 50.1 46.3
2021 52.7 44.7
2020 53.1 45.9
2019 52.2 44.2
2018 52.3 48.1
2017 50.4 46.3
2016 43.8 45.8
2015 44.1 45.5
2014 44.6 43.2
2013 46.7 43.7
2012 48 43.3
2011 51.7 42.8
2010 51.2 45.8
2009 52.3 50.5
2008 54.2 -
2007 54 -
2006 53.4 -
2005 51.7 -
2004 53.9 -
2003 56.3 -
2002 65.7 -
2001 68.6 -
2000 70 -
1999 70.6 -
1998 70.9 -
1997 73.3 -
1996 74.7 -
1995 68 -

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

GeoRank.org/economy/argentina/east-timor | CC BY

The Economic Freedom Index for Argentina is 57.4, ranking 117/197, compared to 47.9 for East Timor, ranking 173/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Argentina East Timor
Services, % of GDP
56.2%
2025
71.6%
2024
Industry, % of GDP
22.9%
2025
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
5.53%
2025
20.2%
2024
GNI, Atlas method
$672B
2025
$2.14B
2025
GNI per capita, PPP
$31,920
2025
$5,120
2025
Total reserves including gold
$41B
2025
$851M
2025
Total reserves ranking
54/177
2025
145/177
2025
Net foreign direct investment
-$300M
2025
-$253M
2025
Net inflows of foreign direct investment
$11.6B
2024
$225M
2024
Net outflows of foreign direct investment
$2.76B
2024
$4.5M
2024
Servicing debt to the IMF, % of GNI
6.32%
2024
1.23%
2024
Poverty at national poverty lines
38.1%
2024
41.8%
2014
Gross capital formation, % of GDP
16.1%
2025
30.1%
2024

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/east-timor | 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 (1864–1992, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2023, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.