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Economy of Argentina vs Somalia compared: GDP & Debt

Updated on by Georank

Argentina has a GDP of $683B compared to $13B for Somalia, ranking 25/197 and 149/197 by economy size, respectively.

Argentina vs Somalia GDP by year

Argentina
Somalia
1x
Year GDP, current $
Argentina Somalia
2025 $683,097,891,619 $12,995,200,000
2024 $638,365,455,340 $11,967,000,000
2023 $649,461,687,959 $10,958,000,000
2022 $633,993,756,301 $10,203,000,000
2021 $486,564,085,480 $9,483,000,000
2020 $385,740,508,437 $8,628,000,000
2019 $447,754,683,615 $8,656,000,000
2018 $524,819,892,360 $7,873,000,000
2017 $643,628,393,281 $7,621,501,710
2016 $557,532,320,663 $6,613,743,070
2015 $594,749,285,413 $6,152,149,100
2014 $526,319,673,732 $5,728,399,720
2013 $552,025,140,252 $5,062,881,600
2012 $545,982,375,701 $4,364,670,160
2011 $530,158,122,010 $2,906,000,097
2010 $423,627,422,092 $2,687,807,004
2009 $332,976,484,578 $2,948,594,552
2008 $361,558,037,110 $5,913,620,293
2007 $287,530,508,431 $5,430,713,729
2006 $232,557,260,817 $5,026,743,282
2005 $198,737,095,012 $4,683,246,454
2004 $164,657,930,453 $3,859,592,813
2003 $127,586,973,492 $2,836,724,352
2002 $97,724,004,252 $2,192,684,135
2001 $268,696,750,000 $2,252,847,465
2000 $284,203,750,000 $3,412,797,450
1999 $283,523,000,000 $3,045,751,528
1998 $298,948,250,000 $2,962,047,564
1997 $292,859,000,000 $2,191,749,014
1996 $272,149,750,000 $1,792,234,297
1995 $258,031,750,000 $1,534,756,135
1994 $257,440,000,000 $1,481,205,098
1993 $236,741,715,015 $1,260,132,956
1992 $228,778,917,308 $709,297,579
1991 $189,719,984,268 $717,974,930
1990 $141,352,654,305 $1,031,282,081
1989 $76,629,728,760 $1,181,360,844
1988 $126,890,235,049 $1,051,596,967
1987 $108,810,885,301 $1,018,972,664
1986 $105,872,372,614 $916,590,786
1985 $88,150,891,728 $875,702,247
1984 $116,915,052,107 $787,434,542
1983 $103,979,106,778 $735,408,642
1982 $84,307,486,837 $774,578,932
1981 $78,676,842,367 $699,302,473
1980 $76,961,923,741 $602,515,548
1979 $69,252,328,952 $589,566,929
1978 $89,049,453,088 $564,571,823
1977 $56,781,000,101 $498,550,725
1976 $51,169,499,892 $871,344,245
1975 $52,438,647,922 $757,015,879
1974 $72,436,777,342 $572,504,036
1973 $52,544,000,117 $483,699,611
1972 $34,733,000,536 $447,883,941
1971 $33,293,199,095 $347,039,446
1970 $31,584,210,366 $347,985,394
1969 $31,256,284,544 $306,357,285
1968 $26,436,857,247 $286,719,885
1967 $24,256,667,553 $271,781,887
1966 $28,630,474,728 $257,375,897
1965 $28,344,705,967 $243,725,898
1964 $25,605,249,382 $229,529,913
1963 $18,272,123,664 $216,145,936
1962 $18,337,691,145 $203,531,928
1961 $20,132,220,375 $191,659,914
1960 $15,865,474,315 $180,459,937

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

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

GDP per capita in Argentina vs Somalia by year

Argentina
GDP per capita

GDP per capita, PPP
Somalia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Argentina Somalia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,898 - $661 -
2024 $13,970 $30,431 $630 $1,602
2023 $14,262 $30,221 $597 $1,556
2022 $13,962 $29,809 $573 $1,486
2021 $10,738 $26,300 $549 $1,392
2020 $8,536 $22,393 $518 $1,454
2019 $9,956 $23,517 $540 $1,548
2018 $11,753 $24,410 $509 $1,552
2017 $14,533 $23,385 $511 $1,597
2016 $12,700 $20,106 $461 $1,469
2015 $13,680 $19,899 $446 $1,341
2014 $12,233 $19,487 $429 $1,128
2013 $12,964 $19,929 $393 $944
2012 $12,950 $19,430 $350 $1,003
2011 $12,704 $19,105 $235.3 $881
2010 $10,260 $17,848 $219.2 $815
2009 $8,150 $16,182 $246.5 $774
2008 $8,944 $17,277 $507 $739
2007 $7,185 $16,455 $480 $700
2006 $5,869 $14,844 $458 $659
2005 $5,068 $13,465 $440 $619
2004 $4,242 $12,118 $375 $580
2003 $3,320 $10,933 $286.3 $547
2002 $2,570 $9,953 $229.6 $517
2001 $7,141 $11,118 $244.9 $492
2000 $7,637 $11,500 $386 $467
1999 $7,706 $11,464 $359 $444
1998 $8,219 $11,836 $363 $425
1997 $8,147 $11,403 $280.1 $411
1996 $7,663 $10,496 $237.2 $413
1995 $7,358 $9,891 $210.7 $389
1994 $7,438 $10,103 $210.8 $380
1993 $6,932 $9,472 $188.6 $477
1992 $6,790 $8,668 $109.2 $461
1991 $5,709 $7,961 $105.4 $469
1990 $4,315 $7,158 $145.6 -
1989 $2,375 - $166 -
1988 $3,993 - $145.3 -
1987 $3,477 - $141 -
1986 $3,436 - $131.4 -
1985 $2,906 - $130.8 -
1984 $3,915 - $122.5 -
1983 $3,538 - $118.6 -
1982 $2,915 - $129 -
1981 $2,764 - $116.9 -
1980 $2,748 - $101.5 -
1979 $2,512 - $108.2 -
1978 $3,282 - $117.3 -
1977 $2,126 - $111.2 -
1976 $1,947 - $199.6 -
1975 $2,027 - $177.8 -
1974 $2,845 - $137.9 -
1973 $2,098 - $119.6 -
1972 $1,409 - $113.7 -
1971 $1,373 - $90.4 -
1970 $1,323 - $93.1 -
1969 $1,330 - $84.1 -
1968 $1,142 - $80.8 -
1967 $1,064 - $78.7 -
1966 $1,275 - $76.5 -
1965 $1,282 - $74.4 -
1964 $1,176 - $71.9 -
1963 $853 - $69.5 -
1962 $870 - $67.2 -
1961 $971 - $64.9 -
1960 $778 - $62.7 -

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

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

Argentina's GDP per capita is $14,898, ranking 70/197, compared to $661 in Somalia, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 73rd at $30,431, while Somalia ranks 194th at $1,602.

Economic indicators

Argentina Somalia
Gross domestic product
$683B
2025
$13B
2025
GDP rank
25/197
2025
149/197
2025
GDP growth
4.37%
2024-2025
2.99%
2024-2025
GDP per capita
$14,898
2025
$661
2025
GDP per capita rank
70/197
2025
191/197
2025
GDP per capita, PPP
$30,431
2024
$1,602
2024
GDP per capita PPP rank
73/197
2024
194/197
2024
Government debt
$549B
2025
n/a
Debt-to-GDP ratio
80.3%
2025
n/a
Government debt per person
$11,965
2025
n/a
Government debt per person rank
52/185
2025
n/a
Average annual personal income after taxes
$8,751
2026
$1,415
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
n/a
Income share by poorest 10%
1.9%
2024
n/a
Government expenditure, % of GDP
31.6%
2025
13%
2026
Consumer prices inflation
41.9%
2024-2025
3.7%
2024-2025
Central bank interest rate
29%
2025
n/a
Unemployment rate
7.38%
2025
11.1%
2022
Population
46083022
20653532

Inflation comparison by year

Inflation
Argentina

Somalia
1x
Year Consumer prices inflation
Argentina Somalia
2025 41.9% 3.7%
2024 219.9% 5.5%
2023 133.5% 6.2%
2022 72.4% 6.8%
2021 48.4% 4.6%
2020 42% 4.1%
2019 53.5% 4.7%
2018 34.3% 4.3%
2017 25.7% 4%
2016 - 0%
2015 - 0.9%
2014 - 1.3%
2013 10.6% 2.8%
2012 10% -
2011 9.8% -
2010 10.5% -
2009 6.3% -
2008 8.6% -
2007 8.8% -
2006 10.9% -
2005 9.6% -
2004 4.4% -
2003 13.4% -
2002 25.9% -
2001 -1.1% -
2000 -0.9% -
1999 -1.2% -
1998 0.9% -

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

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

Over the past 13 years, Argentina has recorded an average annual inflation rate of 68.2%, compared with 3.76% in Somalia. In 2025, inflation was 41.9% in Argentina and 3.7% in Somalia.

Top exports between countries

Argentina
Export category Export value
Miscellaneous $456K
Somalia
Export category Export value
Raw agricultural goods $770K
Animal & marine products $5K
Chemicals & pharma $1K

Balance of trade

Argentina Somalia
Current account balance
-$7.58B
2025
n/a
Current account balance ranking
169/190
2025
n/a
Current account balance, % of GDP
-1.11%
2025
n/a
Goods imports
$71.8B
2025
n/a
Goods exports
$87.2B
2025
n/a
Service imports
$29.3B
2025
n/a
Service exports
$18B
2025
n/a
Imports of goods and services, % of GDP
14.8%
2025
98.8%
2025
Exports of goods and services, % of GDP
15.6%
2025
29.2%
2025

Economic freedom indices

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

Argentina Somalia
Economic freedom 57.4 29
Economic freedom ranking 117/197 193/197
Property rights 41.2 0.8
Government integrity 41.2 9.6
Judicial effectiveness 58.2 1.7
Tax burden 67.8 99.9
Government spending 62.3 n/a
Fiscal health 72.2 0
Business freedom 56.8 25.9
Labor freedom 53.5 26.8
Monetary freedom 28.9 n/a
Trade freedom 67.4 n/a
Investment freedom 70 n/a
Financial freedom 70 n/a

Other economic metrics

Argentina Somalia
Services, % of GDP
56.2%
2025
n/a
Industry, % of GDP
22.9%
2025
9.66%
1986
Agriculture, forestry, and fishing, % of GDP
5.53%
2025
55.8%
1990
GNI, Atlas method
$672B
2025
$12.5B
2025
GNI per capita, PPP
$31,920
2025
$1,640
2025
Total reserves including gold
$41B
2025
$23.1M
1989
Total reserves ranking
54/177
2025
176/177
1989
Net foreign direct investment
-$300M
2025
n/a
Net inflows of foreign direct investment
$11.6B
2024
$765M
2024
Net outflows of foreign direct investment
$2.76B
2024
$0
2024
Servicing debt to the IMF, % of GNI
6.32%
2024
0.13%
2024
Poverty at national poverty lines
38.1%
2024
55.4%
2022
Gross capital formation, % of GDP
16.1%
2025
28.1%
2025

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/somalia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1998–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2017–2026, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.