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Economy of Argentina vs Moldova compared: GDP & Debt

Updated on by Georank team

Argentina has a GDP of $638B compared to $18.2B for Moldova, ranking 24/197 and 134/197 by economy size, respectively.

Argentina has $540B in government debt (84.7% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Argentina vs Moldova GDP by year

Argentina
Moldova
1x
Year GDP, current $
Argentina Moldova
2024 $638,365,455,340 $18,200,340,854
2023 $649,461,687,959 $16,711,906,746
2022 $633,993,756,301 $14,525,337,524
2021 $486,564,085,480 $13,691,869,264
2020 $385,740,508,437 $11,530,746,234
2019 $447,754,683,615 $11,736,797,055
2018 $524,819,892,360 $11,252,353,421
2017 $643,628,393,281 $9,514,404,016
2016 $557,532,320,663 $7,980,917,076
2015 $594,749,285,413 $7,797,667,197
2014 $526,319,673,732 $9,402,090,138
2013 $552,025,140,252 $9,496,717,876
2012 $545,982,375,701 $8,709,138,635
2011 $530,158,122,010 $8,414,352,020
2010 $423,627,422,092 $6,974,982,370
2009 $332,976,484,578 $5,439,434,272
2008 $361,558,037,110 $6,054,824,248
2007 $287,530,508,431 $4,401,173,152
2006 $232,557,260,817 $3,408,255,451
2005 $198,737,095,012 $2,988,342,907
2004 $164,657,930,453 $2,598,249,556
2003 $127,586,973,492 $1,980,907,435
2002 $97,724,004,252 $1,661,818,168
2001 $268,696,750,000 $1,480,673,594
2000 $284,203,750,000 $1,288,429,392
1999 $283,523,000,000 $1,170,782,957
1998 $298,948,250,000 $1,698,717,505
1997 $292,859,000,000 $1,930,081,169
1996 $272,149,750,000 $1,695,122,174
1995 $258,031,750,000 $1,752,999,370
1994 $257,440,000,000 $1,702,314,268
1993 $236,741,715,015 $2,371,813,324
1992 $228,778,917,308 $2,319,243,436
1991 $189,719,984,268 $3,094,565,871
1990 $141,352,654,305 $3,592,857,043
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Argentina vs Moldova by year

Argentina
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Argentina Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,970 $30,431 $7,576 $18,615
2023 $14,262 $30,221 $6,800 $17,747
2022 $13,962 $29,809 $5,744 $16,453
2021 $10,738 $26,300 $5,275 $15,682
2020 $8,536 $22,393 $4,376 $13,527
2019 $9,956 $23,517 $4,405 $13,413
2018 $11,753 $24,410 $4,156 $11,868
2017 $14,533 $23,385 $3,453 $11,252
2016 $12,700 $20,106 $2,847 $10,326
2015 $13,680 $19,899 $2,750 $9,198
2014 $12,233 $19,487 $3,290 $8,643
2013 $12,964 $19,929 $3,321 $8,233
2012 $12,950 $19,430 $3,045 $7,255
2011 $12,704 $19,105 $2,941 $6,833
2010 $10,260 $17,848 $2,437 $6,323
2009 $8,150 $16,182 $1,898 $5,827
2008 $8,944 $17,277 $2,111 $6,153
2007 $7,185 $16,455 $1,531 $5,590
2006 $5,869 $14,844 $1,183 $5,271
2005 $5,068 $13,465 $1,034 $4,866
2004 $4,242 $12,118 $897 $4,378
2003 $3,320 $10,933 $682 $3,960
2002 $2,570 $9,953 $571 $3,633
2001 $7,141 $11,118 $507 $3,311
2000 $7,637 $11,500 $441 $3,045
1999 $7,706 $11,464 $399 $2,910
1998 $8,219 $11,836 $579 $2,965
1997 $8,147 $11,403 $657 $3,136
1996 $7,663 $10,496 $575 $3,021
1995 $7,358 $9,891 $594 $3,146
1994 $7,438 $10,103 $574 $3,111
1993 $6,932 $9,472 $797 $4,394
1992 $6,790 $8,668 $778 $4,337
1991 $5,709 $7,961 $1,038 $5,980
1990 $4,315 $7,158 $1,207 $6,895
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 (1960–2024, retrieved 2026-04-06).

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

Argentina's GDP per capita is $13,970, ranking 72/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 73rd at $30,431, while Moldova ranks 100th at $18,615.

Economic indicators

Argentina Moldova
Gross domestic product
$638B
2024
$18.2B
2024
GDP rank
24/197
2024
134/197
2024
GDP growth
-1.34%
2023-2024
0.1%
2023-2024
GDP per capita
$13,970
2024
$7,576
2024
GDP per capita rank
72/197
2024
99/197
2024
GDP per capita, PPP
$30,431
2024
$18,615
2024
GDP per capita PPP rank
73/197
2024
100/197
2024
Government debt
$540B
2024
$7.06B
2024
Debt-to-GDP ratio
84.7%
2024
38.8%
2024
Government debt per person
$11,826
2024
$2,938
2024
Government debt per person rank
46/185
2024
102/185
2024
Average annual personal income after taxes
$8,743
2026
$4,291
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%
2023
Income share by poorest 10%
1.9%
2024
4.3%
2023
Government expenditure, % of GDP
31%
2024
38%
2024
Consumer prices inflation
219.9%
2023-2024
4.68%
2023-2024
Central bank interest rate
29%
2025
6%
2025
Unemployment rate
1.69%
2024
1.43%
2024
Population
46048053
2341166

Spending and national debt comparison by year

Argentina
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Argentina Moldova
Government spending Government debt Government spending Government debt
2024 31% 84.7% 38% 38.8%
2023 37.6% 154.6% 38.8% 34.9%
2022 37.6% 84.3% 36.6% 35%
2021 37.9% 81% 34.6% 33.6%
2020 42.5% 103.8% 36.7% 36.6%
2019 38.1% 89.8% 32% 28.8%
2018 38.9% 85.2% 31.5% 31.8%
2017 41.1% 57% 31% 34.9%
2016 41.5% 53.1% 30.5% 39.7%
2015 41.4% 52.6% 31.7% 42.1%
2014 38.9% 44.7% 33.8% 35.4%
2013 37.6% 43.5% 32.4% 30%
2012 36.8% 40.4% 33.7% 31.3%
2011 34.9% 38.9% 32.6% 24.2%
2010 33.4% 43.5% 34.1% 25.5%
2009 34.5% 55.4% 45.3% 32.6%
2008 30.8% 53.8% 41.5% 22.2%
2007 29.6% 62.1% 42.7% 28.3%
2006 26.6% 70.8% 40.3% 35%
2005 24.4% 80.3% 37.1% 40.4%
2004 23% 117.9% 34.8% 49.3%
2003 22% 125.2% 33.5% 68.1%
2002 21.9% 147.2% 30.7% 80.3%
2001 26.4% 48% 29.5% 85.4%
2000 25.2% 40.8% 34% 89.1%
1999 25.5% 38.9% 33% 150.7%
1998 23.1% 34.1% 39.1% 159.4%
1997 22.6% 31.7% 46% 89%
1996 22.7% 32.6% 43.3% 87.5%
1995 22.9% 30.7% 42% 79.5%
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-02-20).

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

In 2024, Argentina's government spending was $198B, accounting for 31% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 84.7% in Argentina and 38.8% in Moldova, ranking 39/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Argentina

Moldova
1x
Year Deficit/surplus, % of GDP
Argentina Moldova
2024 0.46% -3.88%
2023 -5.33% -5.13%
2022 -3.84% -3.24%
2021 -4.33% -2.62%
2020 -8.67% -5.32%
2019 -4.44% -1.47%
2018 -5.44% -0.85%
2017 -6.69% -0.65%
2016 -6.65% -1.56%
2015 -6% -1.93%
2014 -4.25% -1.6%
2013 -3.25% -1.57%
2012 -3.02% -1.93%
2011 -2.75% -2.05%
2010 -1.39% -2.18%
2009 -1.83% -6.38%
2008 0.35% -0.87%
2007 0.76% 0.15%
2006 1.65% -0.42%
2005 3.34% 1.44%
2004 3.97% 0.59%
2003 1.5% 0.47%
2002 -1.91% -1.18%
2001 -5.36% -0.34%
2000 -3.42% -3.55%
1999 -3.71% -2.64%
1998 -1.83% -1.52%
1997 -1.84% -7.47%
1996 -2.81% -7.42%
1995 -2.07% -2.58%
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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20).

GeoRank.org/economy/argentina/moldova | 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 Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Argentina recorded a fiscal deficit in 23 of those years, while Moldova ran a deficit in 26 years. On average, Argentina posted an annual deficit equal to 2.63% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Argentina

Moldova
1x
Year Consumer prices inflation
Argentina Moldova
2024 219.9% 4.68%
2023 133.5% 13.4%
2022 72.4% 28.7%
2021 48.4% 5.11%
2020 42% 3.77%
2019 53.5% 4.84%
2018 34.3% 3.05%
2017 25.7% 6.57%
2016 - 6.36%
2015 - 9.68%
2014 - 5.09%
2013 10.6% 4.6%
2012 10% 4.55%
2011 9.8% 7.69%
2010 10.5% 7.48%
2009 6.3% -0.06%
2008 8.6% 12.8%
2007 8.8% 12.4%
2006 10.9% 12.8%
2005 9.6% 12%
2004 4.4% 12.5%
2003 13.4% 11.7%
2002 25.9% 5.3%
2001 -1.1% 9.76%
2000 -0.9% 31.3%
1999 -1.2% 39.3%
1998 0.9% 7.7%
1997 - 11.8%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1998–2024, retrieved 2026-02-20).

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

Over the past 27 years, Argentina has recorded an average annual inflation rate of 31.5%, compared with 10.5% in Moldova. In 2024, inflation was 219.9% in Argentina and 4.68% in Moldova.

Top exports between countries

Argentina
Export category Export value
Miscellaneous $2.9M
Animal & marine products $1.19M
Raw agricultural goods $624K
Machinery & equipment $477K
Moldova
Export category Export value
Textiles & consumer goods $152K
Machinery & equipment $51K
Raw agricultural goods $46K
Metals $1K

Balance of trade

Argentina Moldova
Current account balance
$5.7B
2024
-$3.01B
2024
Current account balance ranking
32/190
2024
156/190
2024
Current account balance, % of GDP
+0.89%
2024
-16.6%
2024
Goods imports
$57.4B
2024
$8.63B
2024
Goods exports
$79.8B
2024
$3.01B
2024
Service imports
$22.9B
2024
$1.8B
2024
Service exports
$17.2B
2024
$2.73B
2024
Imports of goods and services, % of GDP
12.7%
2024
57.3%
2024
Exports of goods and services, % of GDP
15.2%
2024
31.4%
2024

Economic freedom indices

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

Argentina Moldova
Economic freedom 57.4 58.1
Economic freedom ranking 117/197 112/197
Property rights 41.2 40.4
Government integrity 41.2 45.1
Judicial effectiveness 58.2 32.4
Tax burden 67.8 87.9
Government spending 62.3 57.2
Fiscal health 72.2 70.3
Business freedom 56.8 68.3
Labor freedom 53.5 48.1
Monetary freedom 28.9 66
Trade freedom 67.4 76.8
Investment freedom 70 55
Financial freedom 70 50

Economic freedom comparison by year

Argentina
Moldova
1x
Year Economic freedom index
Argentina Moldova
2026 57.4 58.1
2025 54.2 58.3
2024 49.9 57.1
2023 51 58.5
2022 50.1 61.3
2021 52.7 62.5
2020 53.1 62
2019 52.2 59.1
2018 52.3 58.4
2017 50.4 58
2016 43.8 57.4
2015 44.1 57.5
2014 44.6 57.3
2013 46.7 55.5
2012 48 54.4
2011 51.7 55.7
2010 51.2 53.7
2009 52.3 54.9
2008 54.2 57.9
2007 54 58.7
2006 53.4 58
2005 51.7 57.4
2004 53.9 57.1
2003 56.3 60
2002 65.7 57.4
2001 68.6 54.9
2000 70 59.6
1999 70.6 56.1
1998 70.9 53.5
1997 73.3 48.9
1996 74.7 52.5
1995 68 33

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Argentina is 57.4, ranking 117/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Argentina Moldova
Services, % of GDP
53.7%
2024
62.3%
2024
Industry, % of GDP
24%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
5.81%
2024
7.11%
2024
GNI, Atlas method
$618B
2024
$16.5B
2024
GNI per capita, PPP
$29,800
2024
$18,710
2024
Total reserves including gold
$29.6B
2024
$5.48B
2024
Total reserves ranking
56/177
2024
96/177
2024
Net foreign direct investment
-$8.89B
2024
-$360M
2024
Net inflows of foreign direct investment
$11.6B
2024
$458M
2024
Net outflows of foreign direct investment
$2.76B
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI
6.32%
2024
6.22%
2024
Poverty at national poverty lines
38.1%
2024
31.6%
2023
Gross capital formation, % of GDP
15.8%
2024
21.1%
2024

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/moldova | 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 (1992–2024, 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. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.