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Economy of Argentina vs Haiti compared: GDP & Debt

Updated on by Georank team

Argentina has a GDP of $633B compared to $25.2B for Haiti, ranking 24/197 and 118/197 by economy size, respectively.

Argentina has $540B in government debt (73.1% of GDP), compared to $3.77B (11.8% of GDP) in Haiti.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Argentina
GDP, current $

GDP, constant 2015 $
Haiti
GDP, current $

GDP, constant 2015 $
Year GDP
Argentina Haiti
Current $ Constant $ Current $ Constant $
1960 $15,865,474,315 $150,797,810,296 $273,187,200 $6,694,501,129
1961 $20,132,220,375 $158,982,878,500 $271,066,000 $6,498,219,675
1962 $18,337,691,145 $157,628,310,159 $281,896,800 $7,010,771,683
1963 $18,272,123,664 $149,261,089,203 $294,883,400 $6,878,072,319
1964 $25,605,249,382 $164,381,681,832 $325,281,200 $6,764,765,888
1965 $28,344,705,967 $181,755,894,112 $353,251,800 $6,911,006,452
1966 $28,630,474,728 $180,556,802,912 $368,948,600 $6,871,213,789
1967 $24,256,667,553 $186,320,169,965 $369,124,200 $6,725,703,043
1968 $26,436,857,247 $195,305,461,613 $367,968,800 $6,939,689,176
1969 $31,256,284,544 $214,210,104,570 $391,820,400 $7,204,226,192
1970 $31,584,210,366 $220,734,180,309 $331,200,000 $7,251,136,778
1971 $33,293,199,095 $233,223,609,574 $362,800,000 $7,721,038,032
1972 $34,733,000,536 $237,021,461,356 $371,998,958 $7,796,480,893
1973 $52,544,000,117 $243,685,921,868 $466,798,973 $8,167,228,672
1974 $72,436,777,342 $257,171,024,124 $565,399,322 $8,639,285,436
1975 $52,438,647,922 $257,097,956,426 $681,400,000 $8,736,283,401
1976 $51,169,499,892 $251,909,073,021 $879,000,000 $9,473,523,980
1977 $56,781,000,101 $269,376,820,356 $947,000,000 $9,824,816,122
1978 $89,049,453,088 $257,238,364,643 $974,200,000 $10,434,825,547
1979 $69,252,328,952 $283,535,234,199 $1,080,600,000 $11,223,742,331
1980 $76,961,923,741 $287,841,521,829 $1,383,800,000 $12,051,458,301
1981 $78,676,842,367 $272,903,153,784 $1,479,400,000 $11,707,665,180
1982 $84,307,486,837 $270,895,516,738 $1,474,200,000 $11,290,433,821
1983 $103,979,106,778 $282,677,015,450 $1,623,600,000 $11,392,971,448
1984 $116,915,052,107 $287,117,132,733 $1,816,200,000 $11,427,254,840
1985 $88,150,891,728 $272,218,554,793 $2,009,400,000 $11,496,233,326
1986 $105,872,372,614 $288,969,188,904 $2,318,000,000 $11,439,039,015
1987 $108,810,885,301 $296,785,426,416 $2,047,200,000 $11,348,253,230
1988 $126,890,235,049 $293,550,663,102 $2,613,926,800 $11,370,998,175
1989 $76,629,728,760 $272,541,389,929 $2,736,243,800 $11,039,712,740
1990 $141,352,654,305 $265,817,211,205 $3,096,289,800 $11,154,318,515
1991 $189,719,984,268 $290,094,591,012 $3,473,562,628 $11,364,080,464
1992 $228,778,917,308 $313,120,244,490 $2,257,129,792 $10,760,655,414
1993 $236,741,715,015 $338,817,957,426 $1,878,253,767 $10,176,750,400
1994 $257,440,000,000 $358,592,053,442 $2,167,569,046 $8,960,564,686
1995 $258,031,750,000 $348,389,357,874 $2,813,313,279 $9,847,455,168
1996 $272,149,750,000 $367,643,757,075 $2,907,517,604 $10,255,215,965
1997 $292,859,000,000 $397,463,514,161 $3,338,949,152 $10,532,590,220
1998 $298,948,250,000 $412,766,570,326 $3,723,903,724 $10,762,394,521
1999 $283,523,000,000 $398,792,535,409 $4,153,725,884 $11,054,082,104
2000 $284,203,750,000 $395,646,066,536 $6,813,566,099 $11,150,259,169
2001 $268,696,750,000 $378,202,665,752 $6,331,970,324 $11,112,041,892
2002 $97,724,004,252 $336,999,433,710 $6,205,847,214 $11,228,920,586
2003 $127,586,973,492 $366,780,211,149 $5,071,947,798 $11,619,774,578
2004 $164,657,930,453 $399,898,899,167 $6,087,360,684 $11,466,642,593
2005 $198,737,095,012 $435,296,589,745 $7,030,149,730 $11,818,917,734
2006 $232,557,260,817 $470,325,565,798 $7,638,739,123 $12,027,964,913
2007 $287,530,508,431 $512,690,850,742 $9,228,637,768 $12,594,064,682
2008 $361,558,037,110 $533,491,913,656 $10,432,962,635 $12,928,818,991
2009 $332,976,484,578 $501,917,060,966 $11,597,002,835 $13,690,375,423
2010 $423,627,422,092 $552,738,161,802 $11,859,312,725 $12,916,662,277
2011 $530,158,122,010 $585,924,294,025 $13,008,746,039 $13,575,181,302
2012 $545,982,375,701 $579,910,247,223 $13,708,925,477 $13,643,386,326
2013 $552,025,140,252 $593,858,966,307 $14,902,488,604 $14,233,433,331
2014 $526,319,673,732 $578,937,574,936 $15,146,883,498 $14,644,604,840
2015 $594,749,285,413 $594,749,285,413 $14,849,629,309 $14,849,629,309
2016 $557,532,320,663 $582,376,550,428 $14,069,277,526 $15,118,774,100
2017 $643,628,393,281 $598,790,850,844 $15,093,357,161 $15,498,296,354
2018 $524,819,892,360 $583,118,120,294 $16,403,864,618 $15,756,778,638
2019 $447,754,683,615 $571,450,737,224 $15,016,090,930 $15,485,274,058
2020 $385,740,508,437 $514,874,343,768 $14,508,222,518 $14,973,407,477
2021 $486,564,085,480 $568,636,554,720 $20,877,414,953 $14,704,149,691
2022 $632,790,070,063 $598,603,016,935 $20,253,551,921 $14,456,828,251
2023 $646,075,277,525 $588,959,512,630 $19,850,585,722 $14,187,369,713
2024 $633,266,692,534 $578,834,679,333 $25,224,154,991 $13,595,808,327

Economic indicators

Argentina Haiti
Gross domestic product
$633B
2024
$25.2B
2024
GDP rank
24/197
2024
118/197
2024
GDP growth
-1.98%
2023-2024
27.1%
2023-2024
GDP per capita
$13,858
2024
$2,143
2024
GDP per capita rank
73/197
2024
154/197
2024
GDP per capita, PPP
$30,176
2024
$3,183
2024
Government debt
$540B
2024
$3.77B
2024
Debt-to-GDP ratio
73.1%
2025
11.8%
2025
Government debt per person
$11,826
2024
$320
2024
Government debt per person rank
47/185
2024
177/185
2024
Average annual personal income after taxes
$8,221
2025
$2,081
2025
Market capitalization of domestic companies
$52.9B
2022
n/a
Number of billionaires
5
2025
n/a
Income share by richest 10%
31.2%
2024
31.2%
2012
Income share by poorest 10%
1.9%
2024
2.1%
2012
Government expenditure, % of GDP
32.7%
2025
6.09%
2025
Consumer prices inflation
41.3%
2024-2025
26.9%
2023-2024
Central bank interest rate
29%
2025
n/a
Unemployment rate
1.69%
2024
14.1%
2012
Population
45973765
12011655

GDP per capita in Argentina vs Haiti

Argentina's GDP per capita is $13,858, ranking 73/197, compared to $2,143 in Haiti, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 72nd at $30,176, while Haiti ranks 177th at $3,183.

Argentina
GDP per capita

GDP per capita, PPP
Haiti
GDP per capita

GDP per capita, PPP
Year Current $
Argentina Haiti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $778 - $70.8 -
1961 $971 - $69 -
1962 $870 - $70.4 -
1963 $853 - $72.4 -
1964 $1,176 - $78.5 -
1965 $1,282 - $83.6 -
1966 $1,275 - $85.7 -
1967 $1,064 - $84.2 -
1968 $1,142 - $82.4 -
1969 $1,330 - $86.1 -
1970 $1,323 - $71.5 -
1971 $1,373 - $76.8 -
1972 $1,409 - $77.3 -
1973 $2,098 - $95.1 -
1974 $2,845 - $113 -
1975 $2,027 - $133.6 -
1976 $1,947 - $169.1 -
1977 $2,126 - $178.7 -
1978 $3,282 - $180.3 -
1979 $2,512 - $196.2 -
1980 $2,748 - $246.5 -
1981 $2,764 - $258.5 -
1982 $2,915 - $252.6 -
1983 $3,538 - $272.8 -
1984 $3,915 - $299.2 -
1985 $2,906 - $325 -
1986 $3,436 - $367 -
1987 $3,477 - $318 -
1988 $3,993 - $397 -
1989 $2,375 - $407 -
1990 $4,315 $7,158 $452 $2,202
1991 $5,709 $7,961 $497 $2,273
1992 $6,790 $8,668 $316 $2,158
1993 $6,932 $9,472 $258.1 $2,048
1994 $7,438 $10,103 $292.1 $1,807
1995 $7,358 $9,891 $372 $1,989
1996 $7,663 $10,496 $377 $2,070
1997 $8,147 $11,403 $425 $2,122
1998 $8,219 $11,836 $465 $2,152
1999 $7,706 $11,464 $510 $2,201
2000 $7,637 $11,500 $821 $2,229
2001 $7,141 $11,118 $749 $2,230
2002 $2,570 $9,953 $721 $2,248
2003 $3,320 $10,933 $579 $2,331
2004 $4,242 $12,118 $683 $2,322
2005 $5,068 $13,465 $776 $2,427
2006 $5,869 $14,844 $829 $2,504
2007 $7,185 $16,455 $985 $2,647
2008 $8,944 $17,277 $1,095 $2,724
2009 $8,150 $16,182 $1,197 $2,855
2010 $10,260 $17,848 $1,210 $2,695
2011 $12,704 $19,105 $1,312 $2,858
2012 $12,950 $19,430 $1,361 $2,830
2013 $12,964 $19,929 $1,458 $3,042
2014 $12,233 $19,487 $1,460 $3,076
2015 $13,680 $19,899 $1,411 $3,026
2016 $12,700 $20,106 $1,318 $3,253
2017 $14,533 $23,385 $1,395 $3,339
2018 $11,753 $24,410 $1,496 $3,197
2019 $9,956 $23,517 $1,352 $3,237
2020 $8,536 $22,393 $1,290 $3,103
2021 $10,738 $26,300 $1,835 $3,135
2022 $13,936 $29,598 $1,761 $3,265
2023 $14,187 $30,082 $1,706 $3,281
2024 $13,858 $30,176 $2,143 $3,183

Spending and national debt comparison

In 2024, Argentina's government spending was $199B, accounting for 32.7% of its GDP, while Haiti's spent $1.21B, or 6.09% of GDP.

Debt-to-GDP ratio is 73.1% in Argentina and 11.8% in Haiti, ranking 51/185 and 179/185, respectively.

Argentina
Government spending

Government debt
Haiti
Government spending

Government debt
Year % of GDP
Argentina Haiti
Government spending Government debt Government spending Government debt
1960 11.3% 8.39% 7.34% 21.6%
1961 12.3% 8.69% - -
1962 11.3% 25.1% - -
1963 11.2% 23.4% 8.95% -
1964 11.8% 16.8% - -
1965 11.6% 15.9% 7.91% -
1966 12.1% 13.4% 7.2% -
1967 13% 10.9% 7.52% -
1968 12.8% 9.43% 10.3% -
1969 12.3% 9.63% 10.1% -
1970 12% 13.5% 11.4% 12.5%
1971 11.7% 15.2% 11.2% 11%
1972 11.2% 17.1% 11.2% 11.1%
1973 12.6% 12% 9.4% 8.92%
1974 14% 13% 9.24% 13.3%
1975 12.5% 33.8% 12.8% 14.2%
1976 13% 28.7% 13.4% 14.9%
1977 12.6% 25.1% 16.7% 18.5%
1978 14.9% 17.5% 18.9% 20.1%
1979 14.5% 12.4% 13.1% 19.8%
1980 15.2% 11.4% 17.2% 20.3%
1981 17% 26.5% 17.4% 23.7%
1982 15.9% 52.2% 20.7% 25.5%
1983 14.2% 64.2% 21.9% 28.9%
1984 13% 54.6% 16.9% 27.3%
1985 14.7% 55.2% 17.4% 25.6%
1986 13.7% 55.9% 15.1% 26.5%
1987 13.7% 74.1% 32.4% 58.6%
1988 12.3% 61.4% - 90.9%
1989 11% 118.2% - 98.7%
1990 11% 48.5% - 85.1%
1991 11.4% 35.7% - 80.7%
1992 12.1% 25% - 118.9%
1993 22% 26.9% - 98%
1994 22.9% 28.4% - 35.3%
1995 22.9% 30.7% - 26.2%
1996 22.7% 32.6% - 26.2%
1997 22.6% 31.7% 5.46% 26.2%
1998 23.1% 34.1% 5.4% 24%
1999 25.5% 38.9% 6.91% 24.1%
2000 25.2% 40.8% 6.25% 32.5%
2001 26.4% 48% 6.11% 28.8%
2002 21.9% 147.2% 6.64% 32%
2003 22% 125.2% 7.83% 37.8%
2004 23% 117.9% 7.38% 30.4%
2005 24.4% 80.3% 8.75% 29.7%
2006 26.6% 70.8% 9.67% 32.2%
2007 29.6% 62.1% 11.1% 24.4%
2008 30.8% 53.8% 11.2% 33.9%
2009 34.5% 55.4% 11.6% 19.4%
2010 33.4% 43.5% 12.6% 24.9%
2011 34.9% 38.9% 14.1% 22.3%
2012 36.8% 40.4% 16.4% 24.1%
2013 37.6% 43.5% 15.9% 25.1%
2014 38.9% 44.7% 14.6% 21.4%
2015 41.4% 52.6% 12.7% 23.9%
2016 41.5% 53.1% 10.5% 24.4%
2017 41.1% 57% 10.2% 22.5%
2018 38.9% 85.2% 11.3% 24.1%
2019 38.1% 89.8% 9.59% 26.5%
2020 42.5% 103.8% 10% 22.3%
2021 37.9% 81% 9.31% 28.9%
2022 37.7% 84.5% 8.33% 29.5%
2023 37.8% 155.4% 6.53% 28.5%
2024 31.4% 85.3% 4.79% 14.9%
2025 32.7% 73.1% 6.09% 11.8%

Government deficit by year

In 2024, Argentina's government surplus, the difference between spending and revenue, was $5.45B, equivalent to 0.86% of GDP. This compares to Haiti's surplus of $1.69B, or 6.71% of GDP.

Over the past 65 years, Argentina recorded a fiscal deficit in 47 of those years, while Haiti ran a deficit in 49 years. On average, Argentina posted an annual deficit equal to -1.5% of GDP, compared to deficit of -1.84% of GDP for Haiti.

Deficit/surplus
Argentina

Haiti
Year Deficit/surplus, % of GDP
Argentina Haiti
1864 0.51% -
1865 -0.79% -
1866 -2.09% -
1867 -1.08% -
1868 -1.8% -
1869 -1.61% -
1870 -2.74% -
1871 -5.54% -
1872 -1.18% -
1873 -1.39% -
1874 -2.59% -
1875 -3.08% -
1876 -4.15% -
1877 -1.68% -
1878 -1.08% -
1879 -1.09% -
1880 -2.15% -
1881 -2.31% -
1882 -5.42% -
1883 -4.19% -
1884 -4.07% -
1885 -2.67% -
1886 -2.39% -
1887 0.35% -
1888 -0.69% -
1889 -2.88% -
1890 -1.82% -
1891 -4.48% -
1892 -1.33% -
1893 0.06% -
1894 -1.06% -
1895 -1.59% -
1896 -4.19% -
1897 -1.46% -
1898 -9.31% -
1899 -0.4% -
1900 -0.42% -
1901 -0.54% -
1902 -2.2% -
1903 -0.25% -
1904 0.15% -
1905 -3.52% -
1906 -0.32% -
1907 -0.2% -
1908 0.28% -
1909 -2.57% -
1910 -2.24% -
1911 -2.19% -
1912 -0.78% -
1913 -0.61% -
1914 -3.03% -
1915 -2.64% -
1916 -2.13% -
1917 -2.18% -
1918 -1.14% -
1919 -0.3% -
1920 0.2% -
1921 -0.99% -
1922 -1.86% -
1923 -0.93% -
1924 -0.68% -0.14%
1925 -0.46% 0.05%
1926 -1% -0.45%
1927 -3.3% 0.73%
1928 -1.52% -0.25%
1929 -1.95% -0.32%
1930 -3.94% -0.52%
1931 -2.98% -0.49%
1932 -1.19% 0.4%
1933 -1.27% 0%
1934 -1.56% -1.23%
1935 -1.16% -0.2%
1936 -1.44% -0.06%
1937 -1.62% -0.08%
1938 -2.09% 0.15%
1939 -3.09% -0.16%
1940 -2.31% 0.13%
1941 -2.85% -0.21%
1942 -2.9% -0.21%
1943 -3.86% -0.21%
1944 -4.61% -0.21%
1945 -5.25% 0.47%
1946 -4.12% 0.51%
1947 -1.6% 1.06%
1948 -2.73% 0.21%
1949 -3.98% -0.12%
1950 -3.38% -0.12%
1951 -3.52% -0.12%
1952 -3.01% -0.12%
1953 -3.1% -1.01%
1954 -3.21% -0.81%
1955 -3.75% -0.86%
1956 -3.77% -2.18%
1957 -2.72% 0.28%
1958 -6.61% -2.21%
1959 -4.82% -1.11%
1960 -1.98% 0.006%
1961 1.73% 0.006%
1962 -0.47% 0.006%
1963 -0.65% 0%
1964 -1.34% 0%
1965 -0.89% 0%
1966 -0.98% 0%
1967 0.66% 0%
1968 0.25% -0.46%
1969 0.54% -0.39%
1970 1.01% -0.19%
1971 0.32% -0.08%
1972 -0.12% 0.24%
1973 -1.48% 0.03%
1974 -1.08% 0.23%
1975 -2.9% -1.73%
1976 -2.39% -1.16%
1977 -0.54% -2.85%
1978 -1.36% -3.24%
1979 -1.5% -2.21%
1980 -1.14% -5.68%
1981 -3.93% -4.38%
1982 -4.68% -3.93%
1983 -2.89% -5.72%
1984 -1.39% -3.52%
1985 3.6% -0.97%
1986 3.3% -1.4%
1987 1.89% -4.94%
1988 -1.75% -4.94%
1989 -0.25% -4.94%
1990 -0.14% -4.94%
1991 0.96% -4.94%
1992 1.54% -4.94%
1993 -0.02% -4.94%
1994 -1.25% -4.94%
1995 -2.07% -4.94%
1996 -2.81% -4.94%
1997 -1.84% 0.37%
1998 -1.83% 0.21%
1999 -3.71% -1.54%
2000 -3.42% -1.36%
2001 -5.36% -1.55%
2002 -1.91% -1.8%
2003 1.5% -2.24%
2004 3.97% -1.34%
2005 3.34% -0.83%
2006 1.65% -0.91%
2007 0.76% -1.55%
2008 0.35% -1.8%
2009 -1.83% -2%
2010 -1.39% -1.5%
2011 -2.75% -1.43%
2012 -3.02% -2.71%
2013 -3.25% -3.98%
2014 -4.25% -3.64%
2015 -6% -1.47%
2016 -6.65% 0.12%
2017 -6.69% -0.32%
2018 -5.44% -1.13%
2019 -4.44% -1.99%
2020 -8.67% -2.11%
2021 -4.33% -2.35%
2022 -3.84% -1.75%
2023 -5.36% 0.77%
2024 0.86% 6.71%
2025 0.43% -0.12%

Inflation comparison by year

Over the past 27 years, Argentina has recorded an average annual inflation rate of 31.5%, compared with 13.2% in Haiti. In 2024, inflation was 41.3% in Argentina and 26.9% in Haiti.

Inflation
Argentina

Haiti
Year Inflation
Argentina Haiti Argentina Haiti
1996 - 20.6%
1997 - 20.6%
1998 0.9% 5.27%
1999 -1.2% 3%
2000 -0.9% 9.33%
2001 -1.1% 13.3%
2002 25.9% 7.03%
2003 13.4% 28.7%
2004 4.4% 21%
2005 9.6% 14%
2006 10.9% 11.3%
2007 8.8% 6.56%
2008 8.6% 15.3%
2009 6.3% 0.39%
2010 10.5% 4.83%
2011 9.8% 6.33%
2012 10% 5.02%
2013 10.6% 4.77%
2014 - 3.44%
2015 - 6.73%
2016 - 11.5%
2017 25.7% 10.7%
2018 34.3% 12.5%
2019 53.5% 18.7%
2020 42% 22.8%
2021 48.4% 16.8%
2022 72.4% 34%
2023 133.5% 36.8%
2024 219.9% 26.9%
2025 41.3% -

Top exports between countries

Argentina
Export category Export value
Miscellaneous $2.82M
Raw agricultural goods $1.3M
Machinery & equipment $1.26M
Wood & paper products $915K
Processed food, beverages & tobacco $646K
Chemicals & pharma $326K
Textiles & consumer goods $92K
Animal & marine products $81K
Haiti
Export category Export value
Machinery & equipment $65K
Chemicals & pharma $10K
Processed food, beverages & tobacco $7K

Balance of trade

Argentina Haiti
Current account balance
$5.7B
2024
-$683M
2023
Current account balance ranking
32/189
2024
112/189
2023
Current account balance, % of GDP
+0.9%
2024
-3.44%
2023
Goods imports
$57.4B
2024
$4.71B
2023
Goods exports
$79.8B
2024
$956M
2023
Service imports
$22.9B
2024
$588M
2023
Service exports
$17.2B
2024
$139M
2023
Imports of goods and services, % of GDP
12.8%
2024
18.8%
2024
Exports of goods and services, % of GDP
15.3%
2024
3.4%
2024

Economic freedom indices

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

Argentina Haiti
Economic freedom 54.2 46.1
Economic freedom ranking 136/197 179/197
Property rights 34.7 10.7
Government integrity 39.7 13
Judicial effectiveness 56.5 16.7
Tax burden 70.8 81.7
Government spending 57.1 98.1
Fiscal health 67.9 96.6
Business freedom 55.3 33.3
Labor freedom 55.2 54.9
Monetary freedom 23.3 41.2
Trade freedom 64.4 66.4
Investment freedom 65 20
Financial freedom 60 20

Economic freedom by year comparison

The Economic Freedom Index for Argentina is 54.2, ranking 136/197, compared to 46.1 for Haiti, ranking 179/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Argentina
Haiti
Year Economic freedom index
Argentina Haiti
1995 68 43
1996 74.7 41
1997 73.3 45.8
1998 70.9 45.7
1999 70.6 45.9
2000 70 45.7
2001 68.6 47.1
2002 65.7 47.9
2003 56.3 50.6
2004 53.9 51.2
2005 51.7 48.4
2006 53.4 49.2
2007 54 51.4
2008 54.2 49
2009 52.3 50.5
2010 51.2 50.8
2011 51.7 52.1
2012 48 50.7
2013 46.7 48.1
2014 44.6 48.9
2015 44.1 51.3
2016 43.8 51.3
2017 50.4 49.6
2018 52.3 55.8
2019 52.2 52.7
2020 53.1 52.3
2021 52.7 50.8
2022 50.1 50
2023 51 49.9
2024 49.9 48.2
2025 54.2 46.1

More economic indicators

Argentina Haiti
Services, % of GDP
53.4%
2024
48.3%
2024
Industry, % of GDP
24%
2024
33.4%
2024
Agriculture, forestry, and fishing, % of GDP
5.98%
2024
15.9%
2024
GNI, Atlas method
$614B
2024
$20.7B
2024
GNI per capita, PPP
$29,570
2024
$3,180
2024
Total reserves including gold
$29.6B
2024
$2.72B
2024
Total reserves ranking
56/177
2024
121/177
2024
Net foreign direct investment
-$8.89B
2024
-$23.6M
2023
Net inflows of foreign direct investment
$11.6B
2024
$40.9M
2024
Net outflows of foreign direct investment
$2.76B
2024
-$1M
1999
Servicing debt to the IMF, % of GNI
7.24%
2023
0.32%
2023
Poverty at national poverty lines
38.1%
2024
58.5%
2012
Gross capital formation, % of GDP
15.7%
2024
9.94%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

Economy vs Argentina vs Haiti
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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.