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Economy of Argentina vs Liberia compared: GDP & Debt

Updated on by Georank

Argentina has a GDP of $683B compared to $5.25B for Liberia, ranking 25/197 and 162/197 by economy size, respectively.

Argentina has $549B in government debt (80.3% of GDP), compared to $2.88B (54.9% of GDP) in Liberia.

Argentina vs Liberia GDP by year

Argentina
Liberia
1x
Year GDP, current $
Argentina Liberia
2025 $683,097,891,619 $5,245,938,900
2024 $638,365,455,340 $4,779,300,900
2023 $649,461,687,959 $4,390,000,000
2022 $633,993,756,301 $4,001,047,000
2021 $486,564,085,480 $3,513,049,500
2020 $385,740,508,437 $3,176,126,300
2019 $447,754,683,615 $3,319,596,500
2018 $524,819,892,360 $3,422,754,800
2017 $643,628,393,281 $3,390,703,400
2016 $557,532,320,663 $3,398,419,600
2015 $594,749,285,413 $3,227,075,700
2014 $526,319,673,732 $3,225,652,000
2013 $552,025,140,252 $3,177,198,100
2012 $545,982,375,701 $2,791,614,000
2011 $530,158,122,010 $2,398,000,000
2010 $423,627,422,092 $1,998,000,000
2009 $332,976,484,578 $1,768,000,000
2008 $361,558,037,110 $1,726,000,000
2007 $287,530,508,431 $1,373,000,000
2006 $232,557,260,817 $1,119,000,000
2005 $198,737,095,012 $949,000,000
2004 $164,657,930,453 $897,000,000
2003 $127,586,973,492 $748,000,000
2002 $97,724,004,252 $927,000,000
2001 $268,696,750,000 $906,000,000
2000 $284,203,750,000 $874,000,000
1999 $283,523,000,000 $441,800,000
1998 $298,948,250,000 $359,600,000
1997 $292,859,000,000 $295,900,000
1996 $272,149,750,000 $159,400,000
1995 $258,031,750,000 $134,800,000
1994 $257,440,000,000 $132,200,000
1993 $236,741,715,015 $160,400,000
1992 $228,778,917,308 $223,500,000
1991 $189,719,984,268 $348,000,000
1990 $141,352,654,305 $384,400,000
1989 $76,629,728,760 $786,300,000
1988 $126,890,235,049 $1,038,300,000
1987 $108,810,885,301 $972,800,000
1986 $105,872,372,614 $840,964,400
1985 $88,150,891,728 $851,296,100
1984 $116,915,052,107 $848,478,300
1983 $103,979,106,778 $823,374,900
1982 $84,307,486,837 $863,933,200
1981 $78,676,842,367 $846,514,500
1980 $76,961,923,741 $854,711,500
1979 $69,252,328,952 $814,067,900
1978 $89,049,453,088 $717,240,400
1977 $56,781,000,101 $673,010,600
1976 $51,169,499,892 $596,675,700
1975 $52,438,647,922 $577,549,300
1974 $72,436,777,342 $486,955,000
1973 $52,544,000,117 $386,968,300
1972 $34,733,000,536 $368,098,000
1971 $33,293,199,095 $341,543,100
1970 $31,584,210,366 $323,099,700
1969 $31,256,284,544 $306,961,800
1968 $26,436,857,247 $276,820,700
1967 $24,256,667,553 $261,024,300
1966 $28,630,474,728 $244,459,500
1965 $28,344,705,967 $229,260,800
1964 $25,605,249,382 $218,929,100
1963 $18,272,123,664 $200,229,600
1962 $18,337,691,145 $191,861,800
1961 $20,132,220,375 $183,920,900
1960 $15,865,474,315 $190,495,600

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Argentina vs Liberia by year

Argentina
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Argentina Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,898 - $915 -
2024 $13,970 $30,431 $851 $1,871
2023 $14,262 $30,221 $799 $1,795
2022 $13,962 $29,809 $745 $1,692
2021 $10,738 $26,300 $668 $1,539
2020 $8,536 $22,393 $617 $1,660
2019 $9,956 $23,517 $658 $1,900
2018 $11,753 $24,410 $692 $1,800
2017 $14,533 $23,385 $699 $1,665
2016 $12,700 $20,106 $715 $1,490
2015 $13,680 $19,899 $693 $1,340
2014 $12,233 $19,487 $707 $1,419
2013 $12,964 $19,929 $711 $1,360
2012 $12,950 $19,430 $638 $1,157
2011 $12,704 $19,105 $568 $1,041
2010 $10,260 $17,848 $492 $980
2009 $8,150 $16,182 $448 $939
2008 $8,944 $17,277 $452 $915
2007 $7,185 $16,455 $374 $873
2006 $5,869 $14,844 $321 $815
2005 $5,068 $13,465 $287.5 $774
2004 $4,242 $12,118 $284.1 $745
2003 $3,320 $10,933 $239.8 $716
2002 $2,570 $9,953 $299.5 $1,013
2001 $7,141 $11,118 $300 $987
2000 $7,637 $11,500 $298.5 $965
1999 $7,706 $11,464 $156.6 $762
1998 $8,219 $11,836 $134.7 $652
1997 $8,147 $11,403 $122.6 $548
1996 $7,663 $10,496 $71.4 $282.2
1995 $7,358 $9,891 $62.1 $254.4
1994 $7,438 $10,103 $61.5 $262.6
1993 $6,932 $9,472 $74.4 $328
1992 $6,790 $8,668 $107.8 $497
1991 $5,709 $7,961 $177.9 $793
1990 $4,315 $7,158 $172.9 $787
1989 $2,375 - $312 -
1988 $3,993 - $424 -
1987 $3,477 - $409 -
1986 $3,436 - $364 -
1985 $2,906 - $380 -
1984 $3,915 - $390 -
1983 $3,538 - $391 -
1982 $2,915 - $422 -
1981 $2,764 - $426 -
1980 $2,748 - $443 -
1979 $2,512 - $435 -
1978 $3,282 - $394 -
1977 $2,126 - $381 -
1976 $1,947 - $347 -
1975 $2,027 - $346 -
1974 $2,845 - $299.4 -
1973 $2,098 - $244.4 -
1972 $1,409 - $238.6 -
1971 $1,373 - $227.1 -
1970 $1,323 - $220.3 -
1969 $1,330 - $214.7 -
1968 $1,142 - $198.6 -
1967 $1,064 - $192.2 -
1966 $1,275 - $184.6 -
1965 $1,282 - $177.6 -
1964 $1,176 - $173.9 -
1963 $853 - $163.1 -
1962 $870 - $160.3 -
1961 $971 - $157.5 -
1960 $778 - $167.2 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Argentina's GDP per capita is $14,898, ranking 70/197, compared to $915 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 73rd at $30,431, while Liberia ranks 188th at $1,871.

Economic indicators

Argentina Liberia
Gross domestic product
$683B
2025
$5.25B
2025
GDP rank
25/197
2025
162/197
2025
GDP growth
4.37%
2024-2025
5.02%
2024-2025
GDP per capita
$14,898
2025
$915
2025
GDP per capita rank
70/197
2025
184/197
2025
GDP per capita, PPP
$30,431
2024
$1,871
2024
GDP per capita PPP rank
73/197
2024
188/197
2024
Government debt
$549B
2025
$2.88B
2025
Debt-to-GDP ratio
80.3%
2025
54.9%
2025
Government debt per person
$11,965
2025
$502
2025
Government debt per person rank
52/185
2025
167/185
2025
Average annual personal income after taxes
$8,751
2026
$1,467
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
27.1%
2016
Income share by poorest 10%
1.9%
2024
2.9%
2016
Government expenditure, % of GDP
31.6%
2025
22.4%
2025
Consumer prices inflation
41.9%
2024-2025
8.3%
2024-2025
Central bank interest rate
29%
2025
n/a
Unemployment rate
7.38%
2025
5.93%
2017
Population
46083022
5916561

Spending and national debt comparison by year

Argentina
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Argentina Liberia
Government spending Government debt Government spending Government debt
2025 31.6% 80.3% 22.4% 54.9%
2024 31% 84.7% 24.1% 56.4%
2023 37.6% 154.6% 28.6% 57.2%
2022 37.6% 84.3% 27.4% 54.4%
2021 37.9% 81% 29.8% 53.5%
2020 42.5% 103.8% 35.3% 58.5%
2019 38.1% 89.8% 32.3% 48.1%
2018 38.9% 85.2% 32.7% 36.2%
2017 41.1% 57% 35.1% 31.8%
2016 41.5% 53.1% 35.8% 28%
2015 41.4% 52.6% 37.1% 24.4%
2014 38.9% 44.7% 33.4% 24.3%
2013 37.6% 43.5% 27.4% 20.6%
2012 36.8% 40.4% 30.8% 20.5%
2011 34.9% 38.9% 29.8% 22.5%
2010 33.4% 43.5% 25.1% 25.4%
2009 34.5% 55.4% 24% 132.2%
2008 30.8% 53.8% 21.8% 235.3%
2007 29.6% 62.1% 16.1% 367%
2006 26.6% 70.8% 10.6% 451%
2005 24.4% 80.3% 11.7% 488%
2004 23% 117.9% 12.1% 543%
2003 22% 125.2% 8.98% 600%
2002 21.9% 147.2% 12.7% 464%
2001 26.4% 48% 12.1% 465%
2000 25.2% 40.8% 14.5% 468%
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/liberia | CC BY

In 2025, Argentina's government spending was $216B, accounting for 31.6% of its GDP, while Liberia spent $1.18B, or 22.4% of GDP.

Debt-to-GDP ratio is 80.3% in Argentina and 54.9% in Liberia, ranking 43/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Argentina

Liberia
1x
Year Deficit/surplus, % of GDP
Argentina Liberia
2025 -0.38% -1.41%
2024 0.46% -1.8%
2023 -5.33% -8.55%
2022 -3.84% -5.82%
2021 -4.33% -2.5%
2020 -8.67% -4.02%
2019 -4.44% -4.92%
2018 -5.44% -4.7%
2017 -6.69% -7.14%
2016 -6.65% -3.83%
2015 -6% -3.74%
2014 -4.25% -4.92%
2013 -3.25% 1.29%
2012 -3.02% -2.86%
2011 -2.75% -4.39%
2010 -1.39% 1.16%
2009 -1.83% -1.4%
2008 0.35% -2.7%
2007 0.76% 2.28%
2006 1.65% 4.23%
2005 3.34% -0.51%
2004 3.97% -0.56%
2003 1.5% 0.36%
2002 -1.91% -1.57%
2001 -5.36% -0.94%
2000 -3.42% -0.08%
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/liberia | 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 Liberia's deficit of $74.2M, or 1.41% of GDP.

Over the past 26 years, Argentina recorded a fiscal deficit in 19 of those years, while Liberia ran a deficit in 21 years. On average, Argentina posted an annual deficit equal to 2.57% of GDP, compared to deficit of 2.27% of GDP for Liberia.

Inflation comparison by year

Inflation
Argentina

Liberia
1x
Year Consumer prices inflation
Argentina Liberia
2025 41.9% 8.3%
2024 219.9% 8.2%
2023 133.5% 10.1%
2022 72.4% 7.6%
2021 48.4% 7.8%
2020 42% 17%
2019 53.5% 27%
2018 34.3% 23.5%
2017 25.7% 12.4%
2016 - 8.8%
2015 - 7.7%
2014 - 9.9%
2013 10.6% 7.6%
2012 10% 6.8%
2011 9.8% 8.5%
2010 10.5% 7.3%
2009 6.3% 7.4%
2008 8.6% 17.5%
2007 8.8% 11.4%
2006 10.9% 9.5%
2005 9.6% 6.9%
2004 4.4% 3.6%
2003 13.4% 10.3%
2002 25.9% 14.2%
2001 -1.1% 12.1%
2000 -0.9% 5.3%
1999 -1.2% 2%
1998 0.9% -

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

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

Over the past 27 years, Argentina has recorded an average annual inflation rate of 33.2%, compared with 10.3% in Liberia. In 2025, inflation was 41.9% in Argentina and 8.3% in Liberia.

Top exports between countries

Argentina
Export category Export value
Raw agricultural goods $5M
Miscellaneous $2.85M
Animal & marine products $1.83M
Liberia
Export category Export value

Balance of trade

Argentina Liberia
Current account balance
-$7.58B
2025
$120M
2024
Current account balance ranking
169/190
2025
62/190
2024
Current account balance, % of GDP
-1.11%
2025
+2.51%
2024
Goods imports
$71.8B
2025
$1.51B
2024
Goods exports
$87.2B
2025
$1.31B
2024
Service imports
$29.3B
2025
$253M
2024
Service exports
$18B
2025
$42.6M
2024
Imports of goods and services, % of GDP
14.8%
2025
n/a
Exports of goods and services, % of GDP
15.6%
2025
28.5%
2026

Economic freedom indices

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

Argentina Liberia
Economic freedom 57.4 49.8
Economic freedom ranking 117/197 163/197
Property rights 41.2 40.4
Government integrity 41.2 25.8
Judicial effectiveness 58.2 23.4
Tax burden 67.8 86.1
Government spending 62.3 79.5
Fiscal health 72.2 56.9
Business freedom 56.8 38
Labor freedom 53.5 43.4
Monetary freedom 28.9 71.4
Trade freedom 67.4 57.4
Investment freedom 70 55
Financial freedom 70 20

Economic freedom comparison by year

Argentina
Liberia
1x
Year Economic freedom index
Argentina Liberia
2026 57.4 49.8
2025 54.2 48.5
2024 49.9 49.9
2023 51 49.6
2022 50.1 47.9
2021 52.7 49.2
2020 53.1 49
2019 52.2 49.7
2018 52.3 50.9
2017 50.4 49.1
2016 43.8 52.2
2015 44.1 52.7
2014 44.6 52.4
2013 46.7 49.3
2012 48 48.6
2011 51.7 46.5
2010 51.2 46.2
2009 52.3 48.1
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/liberia | CC BY

The Economic Freedom Index for Argentina is 57.4, ranking 117/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Argentina Liberia
Services, % of GDP
56.2%
2025
40%
2025
Industry, % of GDP
22.9%
2025
24.5%
2025
Agriculture, forestry, and fishing, % of GDP
5.53%
2025
32.7%
2025
GNI, Atlas method
$672B
2025
$4.76B
2025
GNI per capita, PPP
$31,920
2025
$1,840
2025
Total reserves including gold
$41B
2025
$339M
2025
Total reserves ranking
54/177
2025
166/177
2025
Net foreign direct investment
-$300M
2025
-$397M
2024
Net inflows of foreign direct investment
$11.6B
2024
$472M
2024
Net outflows of foreign direct investment
$2.76B
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI
6.32%
2024
3.12%
2024
Poverty at national poverty lines
38.1%
2024
50.9%
2016
Gross capital formation, % of GDP
16.1%
2025
n/a

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/liberia | 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 (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.