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Economy of Argentina vs Kiribati compared: GDP & Debt

Updated on by Georank team

Argentina has a GDP of $638B compared to $308M for Kiribati, ranking 24/197 and 192/197 by economy size, respectively.

Argentina has $540B in government debt (84.7% of GDP), compared to $30.5M (9.92% of GDP) in Kiribati.

Argentina vs Kiribati GDP by year

Argentina
Kiribati
1x
Year GDP, current $
Argentina Kiribati
2024 $638,365,455,340 $307,862,564
2023 $649,461,687,959 $288,610,748
2022 $633,993,756,301 $270,040,453
2021 $486,564,085,480 $285,259,881
2020 $385,740,508,437 $220,898,020
2019 $447,754,683,615 $216,985,388
2018 $524,819,892,360 $233,514,717
2017 $643,628,393,281 $222,875,736
2016 $557,532,320,663 $206,467,819
2015 $594,749,285,413 $191,559,399
2014 $526,319,673,732 $200,287,282
2013 $552,025,140,252 $201,730,861
2012 $545,982,375,701 $207,001,546
2011 $530,158,122,010 $195,970,140
2010 $423,627,422,092 $165,458,433
2009 $332,976,484,578 $140,177,384
2008 $361,558,037,110 $147,017,895
2007 $287,530,508,431 $138,054,946
2006 $232,557,260,817 $112,338,353
2005 $198,737,095,012 $113,895,437
2004 $164,657,930,453 $104,085,892
2003 $127,586,973,492 $96,105,619
2002 $97,724,004,252 $74,743,869
2001 $268,696,750,000 $64,935,850
2000 $284,203,750,000 $74,910,527
1999 $283,523,000,000 $77,323,978
1998 $298,948,250,000 $74,905,706
1997 $292,859,000,000 $80,205,807
1996 $272,149,750,000 $81,456,854
1995 $258,031,750,000 $68,596,395
1994 $257,440,000,000 $67,055,334
1993 $236,741,715,015 $58,953,596
1992 $228,778,917,308 $61,491,369
1991 $189,719,984,268 $41,247,792
1990 $141,352,654,305 $36,534,295
1989 $76,629,728,760 $37,645,319
1988 $126,890,235,049 $38,278,810
1987 $108,810,885,301 $29,554,413
1986 $105,872,372,614 $25,993,009
1985 $88,150,891,728 $26,126,615
1984 $116,915,052,107 $34,394,167
1983 $103,979,106,778 $31,000,546
1982 $84,307,486,837 $32,742,713
1981 $78,676,842,367 $35,267,489
1980 $76,961,923,741 $33,157,723
1979 $69,252,328,952 $34,466,197
1978 $89,049,453,088 $36,563,965
1977 $56,781,000,101 $31,335,459
1976 $51,169,499,892 $33,246,817
1975 $52,438,647,922 $44,547,454
1974 $72,436,777,342 $69,256,489
1973 $52,544,000,117 $25,645,040
1972 $34,733,000,536 $15,314,346
1971 $33,293,199,095 $12,356,134
1970 $31,584,210,366 $11,560,877
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Argentina vs Kiribati by year

Argentina
GDP per capita

GDP per capita, PPP
Kiribati
GDP per capita

GDP per capita, PPP
1x
Year Current $
Argentina Kiribati
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,970 $30,431 $2,289 $3,702
2023 $14,262 $30,221 $2,178 $3,486
2022 $13,962 $29,809 $2,070 $3,329
2021 $10,738 $26,300 $2,222 $3,020
2020 $8,536 $22,393 $1,752 $2,711
2019 $9,956 $23,517 $1,751 $2,763
2018 $11,753 $24,410 $1,913 $2,672
2017 $14,533 $23,385 $1,853 $2,562
2016 $12,700 $20,106 $1,743 $2,463
2015 $13,680 $19,899 $1,640 $2,311
2014 $12,233 $19,487 $1,737 $2,084
2013 $12,964 $19,929 $1,772 $2,049
2012 $12,950 $19,430 $1,844 $1,896
2011 $12,704 $19,105 $1,771 $1,786
2010 $10,260 $17,848 $1,522 $1,724
2009 $8,150 $16,182 $1,317 $1,718
2008 $8,944 $17,277 $1,411 $1,735
2007 $7,185 $16,455 $1,353 $1,792
2006 $5,869 $14,844 $1,123 $1,728
2005 $5,068 $13,465 $1,162 $1,617
2004 $4,242 $12,118 $1,083 $1,579
2003 $3,320 $10,933 $1,021 $1,578
2002 $2,570 $9,953 $810 $1,605
2001 $7,141 $11,118 $719 $1,591
2000 $7,637 $11,500 $845 $1,638
1999 $7,706 $11,464 $887 $1,526
1998 $8,219 $11,836 $874 $1,593
1997 $8,147 $11,403 $953 $1,535
1996 $7,663 $10,496 $986 $1,519
1995 $7,358 $9,891 $844 $1,518
1994 $7,438 $10,103 $838 $1,469
1993 $6,932 $9,472 $748 $1,431
1992 $6,790 $8,668 $792 $1,421
1991 $5,709 $7,961 $540 $1,139
1990 $4,315 $7,158 $488 $1,192
1989 $2,375 - $515 -
1988 $3,993 - $536 -
1987 $3,477 - $424 -
1986 $3,436 - $382 -
1985 $2,906 - $393 -
1984 $3,915 - $527 -
1983 $3,538 - $483 -
1982 $2,915 - $519 -
1981 $2,764 - $568 -
1980 $2,748 - $542 -
1979 $2,512 - $573 -
1978 $3,282 - $611 -
1977 $2,126 - $520 -
1976 $1,947 - $548 -
1975 $2,027 - $730 -
1974 $2,845 - $1,131 -
1973 $2,098 - $422 -
1972 $1,409 - $256.2 -
1971 $1,373 - $210.7 -
1970 $1,323 - $201 -
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 (1960–2024, retrieved 2026-04-06).

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

Argentina's GDP per capita is $13,970, ranking 72/197, compared to $2,289 in Kiribati, ranking 152/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 73rd at $30,431, while Kiribati ranks 169th at $3,702.

Economic indicators

Argentina Kiribati
Gross domestic product
$638B
2024
$308M
2024
GDP rank
24/197
2024
192/197
2024
GDP growth
-1.34%
2023-2024
5.27%
2023-2024
GDP per capita
$13,970
2024
$2,289
2024
GDP per capita rank
72/197
2024
152/197
2024
GDP per capita, PPP
$30,431
2024
$3,702
2024
GDP per capita PPP rank
73/197
2024
169/197
2024
Government debt
$540B
2024
$30.5M
2024
Debt-to-GDP ratio
84.7%
2024
9.92%
2024
Government debt per person
$11,826
2024
$226.9
2024
Government debt per person rank
46/185
2024
181/185
2024
Average annual personal income after taxes
$8,743
2026
$1,967
2026
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
22.8%
2019
Income share by poorest 10%
1.9%
2024
4%
2019
Government expenditure, % of GDP
31%
2024
98.1%
2024
Consumer prices inflation
219.9%
2023-2024
2.5%
2023-2024
Central bank interest rate
29%
2025
n/a
Unemployment rate
1.69%
2024
2.79%
2023
Population
46048053
139020

Spending and national debt comparison by year

Argentina
Spending

Debt
Kiribati
Spending

Debt
1x
Year % of GDP
Argentina Kiribati
Government spending Government debt Government spending Government debt
2024 31% 84.7% 98.1% 9.92%
2023 37.6% 154.6% 95.3% 11.4%
2022 37.6% 84.3% 87.5% 16.3%
2021 37.9% 81% 84% 17.3%
2020 42.5% 103.8% 102.2% 21%
2019 38.1% 89.8% 108.3% 19%
2018 38.9% 85.2% 108.8% 19%
2017 41.1% 57% 92.1% 20.2%
2016 41.5% 53.1% 99% 21.2%
2015 41.4% 52.6% 90.9% 18.8%
2014 38.9% 44.7% 101.2% 8.97%
2013 37.6% 43.5% 78% 8.86%
2012 36.8% 40.4% 83.9% 8.13%
2011 34.9% 38.9% 80.9% 8.8%
2010 33.4% 43.5% 75.7% 9.43%
2009 34.5% 55.4% 74.7% 10.3%
2008 30.8% 53.8% 79.4% 13.9%
2007 29.6% 62.1% 77.3% 11.1%
2006 26.6% 70.8% 82.1% 12.9%
2005 24.4% 80.3% 95.6% 12.1%
2004 23% 117.9% 103.8% 13.6%
2003 22% 125.2% 84.4% 12.3%
2002 21.9% 147.2% 96.9% 13.3%
2001 26.4% 48% 101.3% 17%
2000 25.2% 40.8% 66% 12.7%
1999 25.5% 38.9% 77.6% 11.8%
1998 23.1% 34.1% 74.7% 9.81%
1997 22.6% 31.7% 70.9% 10.7%
1996 22.7% 32.6% 68.4% 11%
1995 22.9% 30.7% 69.6% 12.3%
1994 22.9% 28.4% 54.6% 12.3%
1993 22% 26.9% 55.3% 10.9%
1992 12.1% 25% 65.9% 7.31%
1991 11.4% 35.7% 82.1% 8.43%
1990 11% 48.5% 105.5% 7.72%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-02-20).

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

In 2024, Argentina's government spending was $198B, accounting for 31% of its GDP, while Kiribati spent $302M, or 98.1% of GDP.

Debt-to-GDP ratio is 84.7% in Argentina and 9.92% in Kiribati, ranking 39/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Argentina

Kiribati
1x
Year Deficit/surplus, % of GDP
Argentina Kiribati
2024 0.46% -22%
2023 -5.33% 0.13%
2022 -3.84% -18.3%
2021 -4.33% -10.8%
2020 -8.67% 3.57%
2019 -4.44% 10.8%
2018 -5.44% 5.18%
2017 -6.69% 34.1%
2016 -6.65% 20.1%
2015 -6% 42.5%
2014 -4.25% 35%
2013 -3.25% 11.8%
2012 -3.02% -5.43%
2011 -2.75% -17.6%
2010 -1.39% -7.8%
2009 -1.83% -8.56%
2008 0.35% -15.8%
2007 0.76% -12.5%
2006 1.65% -12.3%
2005 3.34% -9.96%
2004 3.97% -19.2%
2003 1.5% -8.93%
2002 -1.91% 3.13%
2001 -5.36% -10.9%
2000 -3.42% -0.03%
1999 -3.71% -1.81%
1998 -1.83% 14.6%
1997 -1.84% 5.92%
1996 -2.81% -20.2%
1995 -2.07% -5.14%
1994 -1.25% 0.74%
1993 -0.02% 6.27%
1992 1.54% 0.79%
1991 0.96% 3.87%
1990 -0.14% -4.62%
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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Argentina's government surplus, the difference between spending and revenue, was $2.92B, equivalent to 0.46% of GDP. This compares to Kiribati's deficit of $67.7M, or 22% of GDP.

Over the past 35 years, Argentina recorded a fiscal deficit in 26 of those years, while Kiribati ran a deficit in 19 years. On average, Argentina posted an annual deficit equal to 2.22% of GDP, compared to deficit of 0.38% of GDP for Kiribati.

Inflation comparison by year

Inflation
Argentina

Kiribati
1x
Year Consumer prices inflation
Argentina Kiribati
2024 219.9% 2.5%
2023 133.5% 9.3%
2022 72.4% 5.3%
2021 48.4% 2.1%
2020 42% 2.6%
2019 53.5% -1.8%
2018 34.3% 0.6%
2017 25.7% 0.4%
2016 - 1.9%
2015 - 0.6%
2014 - 2.1%
2013 10.6% -1.5%
2012 10% -3%
2011 9.8% 1.5%
2010 10.5% -3.9%
2009 6.3% 9.8%
2008 8.6% 13.7%
2007 8.8% 3.6%
2006 10.9% -1%
2005 9.6% -0.4%
2004 4.4% -0.7%
2003 13.4% 1.6%
2002 25.9% 3.2%
2001 -1.1% 6%
2000 -0.9% 0.4%
1999 -1.2% 1.8%
1998 0.9% 3.7%
1997 - 2.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 27 years, Argentina has recorded an average annual inflation rate of 31.5%, compared with 2.24% in Kiribati. In 2024, inflation was 219.9% in Argentina and 2.5% in Kiribati.

Balance of trade

Argentina Kiribati
Current account balance
$5.7B
2024
-$59.5M
2024
Current account balance ranking
32/190
2024
85/190
2024
Current account balance, % of GDP
+0.89%
2024
-19.3%
2024
Goods imports
$57.4B
2024
$227M
2024
Goods exports
$79.8B
2024
$8.49M
2024
Service imports
$22.9B
2024
$108M
2024
Service exports
$17.2B
2024
$7M
2024
Imports of goods and services, % of GDP
12.7%
2024
94.9%
2024
Exports of goods and services, % of GDP
15.2%
2024
6.27%
2024

Economic freedom indices

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

Argentina Kiribati
Economic freedom 57.4 50.8
Economic freedom ranking 117/197 158/197
Property rights 41.2 69.6
Government integrity 41.2 50.5
Judicial effectiveness 58.2 54.6
Tax burden 67.8 72.6
Government spending 62.3 0
Fiscal health 72.2 19.8
Business freedom 56.8 60.2
Labor freedom 53.5 65.3
Monetary freedom 28.9 76.7
Trade freedom 67.4 80
Investment freedom 70 30
Financial freedom 70 30

Economic freedom comparison by year

Argentina
Kiribati
1x
Year Economic freedom index
Argentina Kiribati
2026 57.4 50.8
2025 54.2 50.9
2024 49.9 51.3
2023 51 58.8
2022 50.1 59.2
2021 52.7 44.4
2020 53.1 45.2
2019 52.2 47.3
2018 52.3 50.8
2017 50.4 50.9
2016 43.8 46.2
2015 44.1 46.4
2014 44.6 46.3
2013 46.7 45.9
2012 48 46.9
2011 51.7 44.8
2010 51.2 43.7
2009 52.3 45.7
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 2026-03-09).

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

The Economic Freedom Index for Argentina is 57.4, ranking 117/197, compared to 50.8 for Kiribati, ranking 158/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Argentina Kiribati
Services, % of GDP
53.7%
2024
67.1%
2023
Industry, % of GDP
24%
2024
11.5%
2023
Agriculture, forestry, and fishing, % of GDP
5.81%
2024
27.2%
2023
GNI, Atlas method
$618B
2024
$493M
2024
GNI per capita, PPP
$29,800
2024
$6,060
2024
Total reserves including gold
$29.6B
2024
n/a
Total reserves ranking
56/177
2024
n/a
Net foreign direct investment
-$8.89B
2024
-$8.06M
2024
Net inflows of foreign direct investment
$11.6B
2024
$8.07M
2024
Net outflows of foreign direct investment
$2.76B
2024
$16.4K
2024
Servicing debt to the IMF, % of GNI
6.32%
2024
n/a
Poverty at national poverty lines
38.1%
2024
5.5%
2023
Gross capital formation, % of GDP
15.8%
2024
25.8%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1864–1992, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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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.