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Economy of Argentina vs Kazakhstan compared: GDP & Debt

Updated on by Georank

Argentina has a GDP of $683B compared to $306B for Kazakhstan, ranking 25/197 and 49/197 by economy size, respectively.

Argentina has $549B in government debt (80.3% of GDP), compared to $75.2B (24.6% of GDP) in Kazakhstan.

Argentina vs Kazakhstan GDP by year

Argentina
Kazakhstan
1x
Year GDP, current $
Argentina Kazakhstan
2025 $683,097,891,619 $306,239,209,650
2024 $638,365,455,340 $291,480,274,649
2023 $649,461,687,959 $261,840,101,060
2022 $633,993,756,301 $225,496,328,925
2021 $486,564,085,480 $197,112,255,361
2020 $385,740,508,437 $171,082,365,861
2019 $447,754,683,615 $181,667,184,855
2018 $524,819,892,360 $179,339,977,690
2017 $643,628,393,281 $166,805,788,827
2016 $557,532,320,663 $137,278,320,084
2015 $594,749,285,413 $184,388,404,706
2014 $526,319,673,732 $221,415,613,595
2013 $552,025,140,252 $236,634,603,409
2012 $545,982,375,701 $207,998,568,866
2011 $530,158,122,010 $192,626,464,617
2010 $423,627,422,092 $148,047,348,241
2009 $332,976,484,578 $115,308,686,941
2008 $361,558,037,110 $133,441,648,852
2007 $287,530,508,431 $104,849,915,058
2006 $232,557,260,817 $81,003,864,630
2005 $198,737,095,012 $57,123,671,734
2004 $164,657,930,453 $43,151,647,003
2003 $127,586,973,492 $30,833,692,900
2002 $97,724,004,252 $24,636,598,527
2001 $268,696,750,000 $22,152,689,180
2000 $284,203,750,000 $18,291,990,662
1999 $283,523,000,000 $16,870,817,182
1998 $298,948,250,000 $22,135,245,507
1997 $292,859,000,000 $22,165,932,063
1996 $272,149,750,000 $21,035,357,937
1995 $258,031,750,000 $20,374,302,652
1994 $257,440,000,000 $21,250,792,886
1993 $236,741,715,015 $23,409,260,880
1992 $228,778,917,308 $24,917,355,372
1991 $189,719,984,268 $24,923,076,923
1990 $141,352,654,305 $26,932,016,270
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/kazakhstan | CC BY

GDP per capita in Argentina vs Kazakhstan by year

Argentina
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Argentina Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,898 - $14,692 -
2024 $13,970 $30,431 $14,155 $40,891
2023 $14,262 $30,221 $12,879 $38,515
2022 $13,962 $29,809 $11,255 $35,895
2021 $10,738 $26,300 $9,984 $32,946
2020 $8,536 $22,393 $8,782 $29,040
2019 $9,956 $23,517 $9,457 $28,689
2018 $11,753 $24,410 $9,472 $25,096
2017 $14,533 $23,385 $8,943 $23,973
2016 $12,700 $20,106 $7,476 $23,023
2015 $13,680 $19,899 $10,196 $22,484
2014 $12,233 $19,487 $12,428 $23,958
2013 $12,964 $19,929 $13,478 $23,754
2012 $12,950 $19,430 $12,019 $21,367
2011 $12,704 $19,105 $11,287 $20,160
2010 $10,260 $17,848 $8,793 $18,642
2009 $8,150 $16,182 $6,938 $17,389
2008 $8,944 $17,277 $8,124 $17,278
2007 $7,185 $16,455 $6,449 $16,581
2006 $5,869 $14,844 $5,030 $14,966
2005 $5,068 $13,465 $3,577 $13,226
2004 $4,242 $12,118 $2,722 $11,777
2003 $3,320 $10,933 $1,958 $10,532
2002 $2,570 $9,953 $1,574 $9,504
2001 $7,141 $11,118 $1,422 $8,568
2000 $7,637 $11,500 $1,180 $7,418
1999 $7,706 $11,464 $1,092 $6,626
1998 $8,219 $11,836 $1,415 $6,284
1997 $8,147 $11,403 $1,382 $6,178
1996 $7,663 $10,496 $1,281 $5,836
1995 $7,358 $9,891 $1,218 $5,595
1994 $7,438 $10,103 $1,247 $5,860
1993 $6,932 $9,472 $1,355 $6,477
1992 $6,790 $8,668 $1,438 $6,945
1991 $5,709 $7,961 $1,442 $7,193
1990 $4,315 $7,158 $1,570 $7,874
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/kazakhstan | CC BY

Argentina's GDP per capita is $14,898, ranking 70/197, compared to $14,692 in Kazakhstan, ranking 73/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 73rd at $30,431, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Argentina Kazakhstan
Gross domestic product
$683B
2025
$306B
2025
GDP rank
25/197
2025
49/197
2025
GDP growth
4.37%
2024-2025
6.5%
2024-2025
GDP per capita
$14,898
2025
$14,692
2025
GDP per capita rank
70/197
2025
73/197
2025
GDP per capita, PPP
$30,431
2024
$40,891
2024
GDP per capita PPP rank
73/197
2024
58/197
2024
Government debt
$549B
2025
$75.2B
2025
Debt-to-GDP ratio
80.3%
2025
24.6%
2025
Government debt per person
$11,965
2025
$3,609
2025
Government debt per person rank
52/185
2025
96/185
2025
Average annual personal income after taxes
$8,751
2026
$8,395
2026
Market capitalization of domestic companies
$52.9B
2022
$158B
2025
Number of millionaires n/a
44,307
2024
Number of billionaires
5
2026
6
2026
Income share by richest 10%
31.2%
2024
24.8%
2021
Income share by poorest 10%
1.9%
2024
4.3%
2021
Government expenditure, % of GDP
31.6%
2025
21.8%
2025
Consumer prices inflation
41.9%
2024-2025
11.4%
2024-2025
Central bank interest rate
29%
2025
17%
2026
Unemployment rate
7.38%
2025
4.9%
2022
Population
46083022
21211812

Spending and national debt comparison by year

Argentina
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Argentina Kazakhstan
Government spending Government debt Government spending Government debt
2025 31.6% 80.3% 21.8% 24.6%
2024 31% 84.7% 22.7% 24.4%
2023 37.6% 154.6% 23.4% 23%
2022 37.6% 84.3% 21.7% 23.5%
2021 37.9% 81% 22.1% 25.1%
2020 42.5% 103.8% 24.5% 26.4%
2019 38.1% 89.8% 20.2% 19.9%
2018 38.9% 85.2% 18.8% 20.3%
2017 41.1% 57% 24.1% 19.9%
2016 41.5% 53.1% 21.5% 19.7%
2015 41.4% 52.6% 22.9% 21.9%
2014 38.9% 44.7% 21.3% 14.5%
2013 37.6% 43.5% 19.8% 12.6%
2012 36.8% 40.4% 21.9% 12.1%
2011 34.9% 38.9% 21.2% 10.2%
2010 33.4% 43.5% 22.5% 10.7%
2009 34.5% 55.4% 23.5% 10.2%
2008 30.8% 53.8% 27.1% 6.77%
2007 29.6% 62.1% 23.7% 4.09%
2006 26.6% 70.8% 19.8% 6.68%
2005 24.4% 80.3% 22% 8.1%
2004 23% 117.9% 21.3% 11.4%
2003 22% 125.2% 21.4% 15%
2002 21.9% 147.2% 20.5% 17.6%
2001 26.4% 48% - -
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/kazakhstan | CC BY

In 2025, Argentina's government spending was $216B, accounting for 31.6% of its GDP, while Kazakhstan spent $66.9B, or 21.8% of GDP.

Debt-to-GDP ratio is 80.3% in Argentina and 24.6% in Kazakhstan, ranking 43/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Argentina

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Argentina Kazakhstan
2025 -0.38% -3.11%
2024 0.46% -3.43%
2023 -5.33% -1.41%
2022 -3.84% 0.11%
2021 -4.33% -4.97%
2020 -8.67% -7.04%
2019 -4.44% -0.57%
2018 -5.44% 2.58%
2017 -6.69% -4.27%
2016 -6.65% -4.5%
2015 -6% -6.26%
2014 -4.25% 2.48%
2013 -3.25% 4.95%
2012 -3.02% 4.43%
2011 -2.75% 5.81%
2010 -1.39% 1.47%
2009 -1.83% -1.33%
2008 0.35% 1.23%
2007 0.76% 5.13%
2006 1.65% 7.65%
2005 3.34% 6.08%
2004 3.97% 3.29%
2003 1.5% 4%
2002 -1.91% 1.92%
2001 -5.36% -
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/kazakhstan | 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 Kazakhstan's deficit of $9.54B, or 3.11% of GDP.

Over the past 24 years, Argentina recorded a fiscal deficit in 17 of those years, while Kazakhstan ran a deficit in 10 years. On average, Argentina posted an annual deficit equal to 2.42% of GDP, compared to surplus of 0.59% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Argentina

Kazakhstan
1x
Year Consumer prices inflation
Argentina Kazakhstan
2025 41.9% 11.4%
2024 219.9% 8.7%
2023 133.5% 14.5%
2022 72.4% 15%
2021 48.4% 8%
2020 42% 6.8%
2019 53.5% 5.3%
2018 34.3% 6%
2017 25.7% 7.5%
2016 - 14.6%
2015 - 6.8%
2014 - 6.6%
2013 10.6% 5.8%
2012 10% 5.1%
2011 9.8% 8.4%
2010 10.5% 7.1%
2009 6.3% 7.3%
2008 8.6% 17.2%
2007 8.8% 10.8%
2006 10.9% 8.6%
2005 9.6% 7.4%
2004 4.4% 7%
2003 13.4% 6.4%
2002 25.9% 6%
2001 -1.1% 8.4%
2000 -0.9% 13.2%
1999 -1.2% 8.3%
1998 0.9% 7.1%
1997 - 17.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 28 years, Argentina has recorded an average annual inflation rate of 31.9%, compared with 8.76% in Kazakhstan. In 2025, inflation was 41.9% in Argentina and 11.4% in Kazakhstan.

Top exports between countries

Argentina
Export category Export value
Animal & marine products $2.22M
Chemicals & pharma $1.96M
Metals $1.56M
Machinery & equipment $1.52M
Miscellaneous $1.07M
Raw agricultural goods $491K
Processed food, beverages & tobacco $94K
Raw materials & minerals $18K
Kazakhstan
Export category Export value
Raw materials & minerals $28.9M
Machinery & equipment $177K
Metals $9K
Chemicals & pharma $6K
Textiles & consumer goods $4K
Precious metals & jewellery $3K

Balance of trade

Argentina Kazakhstan
Current account balance
-$7.58B
2025
-$12.5B
2025
Current account balance ranking
169/190
2025
177/190
2025
Current account balance, % of GDP
-1.11%
2025
-4.07%
2025
Goods imports
$71.8B
2025
$66.3B
2025
Goods exports
$87.2B
2025
$77.3B
2025
Service imports
$29.3B
2025
$14B
2025
Service exports
$18B
2025
$12.8B
2025
Imports of goods and services, % of GDP
14.8%
2025
25.6%
2024
Exports of goods and services, % of GDP
15.6%
2025
31.6%
2024

Economic freedom indices

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

Argentina Kazakhstan
Economic freedom 57.4 64.2
Economic freedom ranking 117/197 75/197
Property rights 41.2 54.9
Government integrity 41.2 40.7
Judicial effectiveness 58.2 33.8
Tax burden 67.8 91.2
Government spending 62.3 85.6
Fiscal health 72.2 97.2
Business freedom 56.8 64.9
Labor freedom 53.5 63.5
Monetary freedom 28.9 64.3
Trade freedom 67.4 74.4
Investment freedom 70 50
Financial freedom 70 50

Economic freedom comparison by year

Argentina
Kazakhstan
1x
Year Economic freedom index
Argentina Kazakhstan
2026 57.4 64.2
2025 54.2 63.8
2024 49.9 62
2023 51 62.1
2022 50.1 64.4
2021 52.7 71.1
2020 53.1 69.6
2019 52.2 65.4
2018 52.3 69.1
2017 50.4 69
2016 43.8 63.6
2015 44.1 63.3
2014 44.6 63.7
2013 46.7 63
2012 48 63.6
2011 51.7 62.1
2010 51.2 61
2009 52.3 60.1
2008 54.2 61.1
2007 54 59.6
2006 53.4 60.2
2005 51.7 53.9
2004 53.9 49.7
2003 56.3 52.3
2002 65.7 52.4
2001 68.6 51.8
2000 70 50.4
1999 70.6 47.3
1998 70.9 41.7
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/kazakhstan | CC BY

The Economic Freedom Index for Argentina is 57.4, ranking 117/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Argentina Kazakhstan
Services, % of GDP
56.2%
2025
57.7%
2025
Industry, % of GDP
22.9%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
5.53%
2025
3.74%
2025
GNI, Atlas method
$672B
2025
$286B
2025
GNI per capita, PPP
$31,920
2025
$41,090
2025
Total reserves including gold
$41B
2025
$66.1B
2025
Total reserves ranking
54/177
2025
40/177
2025
Net foreign direct investment
-$300M
2025
$1.38B
2025
Net inflows of foreign direct investment
$11.6B
2024
$2.09B
2024
Net outflows of foreign direct investment
$2.76B
2024
-$1.9B
2024
Servicing debt to the IMF, % of GNI
6.32%
2024
17.3%
2024
Poverty at national poverty lines
38.1%
2024
5%
2024
Gross capital formation, % of GDP
16.1%
2025
27.2%
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/kazakhstan | 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)
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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.