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Economy of Argentina vs Yemen compared: GDP & Debt

Updated on by Georank team

Argentina has a GDP of $638B compared to $21.6B for Yemen, ranking 24/197 and 125/197 by economy size, respectively.

Argentina has $540B in government debt (84.7% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Argentina vs Yemen GDP by year

Argentina
Yemen
1x
Year GDP, current $
Argentina Yemen
2024 $638,365,455,340 -
2023 $649,461,687,959 -
2022 $633,993,756,301 -
2021 $486,564,085,480 -
2020 $385,740,508,437 -
2019 $447,754,683,615 -
2018 $524,819,892,360 $21,606,160,663
2017 $643,628,393,281 $26,842,229,045
2016 $557,532,320,663 $31,317,825,274
2015 $594,749,285,413 $42,444,490,074
2014 $526,319,673,732 $43,228,585,321
2013 $552,025,140,252 $40,415,233,436
2012 $545,982,375,701 $35,401,331,610
2011 $530,158,122,010 $32,726,417,878
2010 $423,627,422,092 $30,906,749,533
2009 $332,976,484,578 $25,130,278,213
2008 $361,558,037,110 $26,910,855,807
2007 $287,530,508,431 $21,650,528,674
2006 $232,557,260,817 $19,063,143,370
2005 $198,737,095,012 $16,731,566,717
2004 $164,657,930,453 $13,867,634,371
2003 $127,586,973,492 $11,777,532,662
2002 $97,724,004,252 $10,693,430,511
2001 $268,696,750,000 $9,852,990,693
2000 $284,203,750,000 $9,679,316,770
1999 $283,523,000,000 $7,639,325,296
1998 $298,948,250,000 $6,322,175,566
1997 $292,859,000,000 $6,838,298,531
1996 $272,149,750,000 $6,496,163,616
1995 $258,031,750,000 $12,796,345,679
1994 $257,440,000,000 $28,019,483,764
1993 $236,741,715,015 $21,736,802,664
1992 $228,778,917,308 $17,959,367,194
1991 $189,719,984,268 $14,665,445,462
1990 $141,352,654,305 $12,643,821,569
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/yemen | CC BY

GDP per capita in Argentina vs Yemen by year

Argentina
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Argentina Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,970 $30,431 - -
2023 $14,262 $30,221 - -
2022 $13,962 $29,809 - -
2021 $10,738 $26,300 - -
2020 $8,536 $22,393 - -
2019 $9,956 $23,517 - -
2018 $11,753 $24,410 $634 -
2017 $14,533 $23,385 $811 -
2016 $12,700 $20,106 $975 -
2015 $13,680 $19,899 $1,362 -
2014 $12,233 $19,487 $1,430 -
2013 $12,964 $19,929 $1,379 $3,164
2012 $12,950 $19,430 $1,245 $3,005
2011 $12,704 $19,105 $1,186 $3,113
2010 $10,260 $17,848 $1,155 $3,603
2009 $8,150 $16,182 $969 $3,411
2008 $8,944 $17,277 $1,072 $3,370
2007 $7,185 $16,455 $890 $3,294
2006 $5,869 $14,844 $810 $3,205
2005 $5,068 $13,465 $734 $3,113
2004 $4,242 $12,118 $628 $2,949
2003 $3,320 $10,933 $549 $2,844
2002 $2,570 $9,953 $513 $2,768
2001 $7,141 $11,118 $487 $2,702
2000 $7,637 $11,500 $493 $2,624
1999 $7,706 $11,464 $401 $2,492
1998 $8,219 $11,836 $343 $2,442
1997 $8,147 $11,403 $383 $2,351
1996 $7,663 $10,496 $375 $2,268
1995 $7,358 $9,891 $764 $2,201
1994 $7,438 $10,103 $1,735 $2,115
1993 $6,932 $9,472 $1,397 $2,013
1992 $6,790 $8,668 $1,198 $1,963
1991 $5,709 $7,961 $1,016 $1,843
1990 $4,315 $7,158 $910 $1,742
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/yemen | CC BY

Argentina's GDP per capita is $13,970, ranking 72/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 73rd at $30,431, while Yemen ranks 178th at $3,164.

Economic indicators

Argentina Yemen
Gross domestic product
$638B
2024
$21.6B
2018
GDP rank
24/197
2024
125/197
2018
GDP growth
-1.34%
2023-2024
0.75%
2017-2018
GDP per capita
$13,970
2024
$634
2018
GDP per capita rank
72/197
2024
191/197
2018
GDP per capita, PPP
$30,431
2024
$3,164
2013
GDP per capita PPP rank
73/197
2024
178/197
2013
Government debt
$540B
2024
$18.8B
2018
Debt-to-GDP ratio
84.7%
2024
70.9%
2024
Government debt per person
$11,826
2024
$551
2018
Government debt per person rank
46/185
2024
165/185
2018
Average annual personal income after taxes
$8,743
2026
$1,127
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
29.4%
2014
Income share by poorest 10%
1.9%
2024
3%
2014
Government expenditure, % of GDP
31%
2024
8.91%
2024
Consumer prices inflation
219.9%
2023-2024
33.9%
2023-2024
Central bank interest rate
29%
2025
n/a
Unemployment rate
1.69%
2024
13.5%
2014
Population
46048053
43325643

Spending and national debt comparison by year

Argentina
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Argentina Yemen
Government spending Government debt Government spending Government debt
2024 31% 84.7% 8.91% 70.9%
2023 37.6% 154.6% 11.8% 77.9%
2022 37.6% 84.3% 12.2% 65.3%
2021 37.9% 81% 8.22% 75.9%
2020 42.5% 103.8% 10.6% 87%
2019 38.1% 89.8% 13.2% 91.5%
2018 38.9% 85.2% 14.3% 86.9%
2017 41.1% 57% 8.39% 83.8%
2016 41.5% 53.1% 16.1% 76.5%
2015 41.4% 52.6% 19.4% 57.7%
2014 38.9% 44.7% 27.8% 48.9%
2013 37.6% 43.5% 30.8% 48.4%
2012 36.8% 40.4% 36.2% 47.6%
2011 34.9% 38.9% 29.8% 45.7%
2010 33.4% 43.5% 30.2% 42.4%
2009 34.5% 55.4% 35.2% 49.8%
2008 30.8% 53.8% 41.2% 36.4%
2007 29.6% 62.1% 40.3% 40.4%
2006 26.6% 70.8% 37.4% 40.8%
2005 24.4% 80.3% 36.8% 43.8%
2004 23% 117.9% 34.2% 52.1%
2003 22% 125.2% 35.3% 56.8%
2002 21.9% 147.2% 30.8% 57.8%
2001 26.4% 48% 30.5% 60.6%
2000 25.2% 40.8% 31.7% 60.8%
1999 25.5% 38.9% 28.2% 96.1%
1998 23.1% 34.1% 34.3% 110.6%
1997 22.6% 31.7% 34.2% 74.2%
1996 22.7% 32.6% 30.7% 114.9%
1995 22.9% 30.7% 24.1% 84.1%
1994 22.9% 28.4% 25.2% 73.3%
1993 22% 26.9% 25.8% 76.7%
1992 12.1% 25% 24.6% 78%
1991 11.4% 35.7% 24.7% 82.7%
1990 11% 48.5% 26.6% 91.6%
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 (1960–1998, retrieved 2026-02-20).

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

In 2024, Argentina's government spending was $198B, accounting for 31% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 84.7% in Argentina and 70.9% in Yemen, ranking 39/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Argentina

Yemen
1x
Year Deficit/surplus, % of GDP
Argentina Yemen
2024 0.46% -2.48%
2023 -5.33% -5.63%
2022 -3.84% -2.15%
2021 -4.33% -0.89%
2020 -8.67% -4.3%
2019 -4.44% -5.89%
2018 -5.44% -7.85%
2017 -6.69% -4.9%
2016 -6.65% -8.51%
2015 -6% -8.75%
2014 -4.25% -4.14%
2013 -3.25% -6.9%
2012 -3.02% -6.32%
2011 -2.75% -4.51%
2010 -1.39% -4.06%
2009 -1.83% -10.2%
2008 0.35% -4.53%
2007 0.76% -7.18%
2006 1.65% 1.19%
2005 3.34% -1.82%
2004 3.97% -2.15%
2003 1.5% -4.2%
2002 -1.91% -0.56%
2001 -5.36% 2.79%
2000 -3.42% 6.09%
1999 -3.71% 0.06%
1998 -1.83% -7.77%
1997 -1.84% -1.5%
1996 -2.81% -0.92%
1995 -2.07% -5.74%
1994 -1.25% -14%
1993 -0.02% -12.8%
1992 1.54% -10.9%
1991 0.96% -5.76%
1990 -0.14% -10.3%
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/yemen | CC BY

In 2018, Argentina's government deficit, the difference between spending and revenue, was $28.6B, equivalent to 5.44% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Argentina recorded a fiscal deficit in 21 of those years, while Yemen ran a deficit in 25 years. On average, Argentina posted an annual deficit equal to 1.78% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Argentina

Yemen
1x
Year Consumer prices inflation
Argentina Yemen
2024 219.9% 33.9%
2023 133.5% 0.9%
2022 72.4% 29.5%
2021 48.4% 31.5%
2020 42% 21.7%
2019 53.5% 15.7%
2018 34.3% 33.6%
2017 25.7% 30.4%
2016 - 21.3%
2015 - 22%
2014 - 8.2%
2013 10.6% 11%
2012 10% 9.9%
2011 9.8% 19.5%
2010 10.5% 11.2%
2009 6.3% 3.7%
2008 8.6% 19%
2007 8.8% 7.9%
2006 10.9% 10.8%
2005 9.6% 9.9%
2004 4.4% 12.5%
2003 13.4% 10.8%
2002 25.9% 12.2%
2001 -1.1% 11.9%
2000 -0.9% 11%
1999 -1.2% 7.9%
1998 0.9% 11.5%
1997 - 4.6%

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

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

Over the past 27 years, Argentina has recorded an average annual inflation rate of 31.5%, compared with 15.9% in Yemen. In 2024, inflation was 219.9% in Argentina and 33.9% in Yemen.

Top exports between countries

Argentina
Export category Export value
Raw agricultural goods $92.3M
Miscellaneous $55.9M
Processed food, beverages & tobacco $37.4M
Chemicals & pharma $712K
Yemen
Export category Export value
Raw agricultural goods $1.11M
Processed food, beverages & tobacco $123K

Balance of trade

Argentina Yemen
Current account balance
$5.7B
2024
-$2.42B
2016
Current account balance ranking
32/190
2024
148/190
2016
Current account balance, % of GDP
+0.89%
2024
-7.72%
2016
Goods imports
$57.4B
2024
$6.8B
2016
Goods exports
$79.8B
2024
$473M
2016
Service imports
$22.9B
2024
$1.46B
2016
Service exports
$17.2B
2024
$466M
2016
Imports of goods and services, % of GDP
12.7%
2024
47.3%
2018
Exports of goods and services, % of GDP
15.2%
2024
8.76%
2018

Economic freedom indices

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

Argentina Yemen
Economic freedom 57.4 53.7
Economic freedom ranking 117/197 138/197
Property rights 41.2 3.5
Government integrity 41.2 6.2
Judicial effectiveness 58.2 9.9
Tax burden 67.8 93.7
Government spending 62.3 0
Fiscal health 72.2 71.2
Business freedom 56.8 31.3
Labor freedom 53.5 31.2
Monetary freedom 28.9 48.1
Trade freedom 67.4 67.4
Investment freedom 70 50
Financial freedom 70 30

Economic freedom comparison by year

Argentina
Yemen
1x
Year Economic freedom index
Argentina Yemen
2026 57.4 -
2025 54.2 -
2024 49.9 -
2023 51 -
2022 50.1 -
2021 52.7 -
2020 53.1 -
2019 52.2 -
2018 52.3 -
2017 50.4 -
2016 43.8 -
2015 44.1 53.7
2014 44.6 55.5
2013 46.7 55.9
2012 48 55.3
2011 51.7 54.2
2010 51.2 54.4
2009 52.3 56.9
2008 54.2 53.8
2007 54 54.1
2006 53.4 52.6
2005 51.7 53.8
2004 53.9 50.5
2003 56.3 50.3
2002 65.7 48.6
2001 68.6 44.3
2000 70 44.5
1999 70.6 43.3
1998 70.9 46.1
1997 73.3 48.4
1996 74.7 49.6
1995 68 49.8

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

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

The Economic Freedom Index for Argentina is 57.4, ranking 117/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Argentina Yemen
Services, % of GDP
53.7%
2024
41.8%
2018
Industry, % of GDP
24%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
5.81%
2024
28.7%
2018
GNI, Atlas method
$618B
2024
$25.3B
2018
GNI per capita, PPP
$29,800
2024
$3,020
2013
Total reserves including gold
$29.6B
2024
$1.25B
2022
Total reserves ranking
56/177
2024
139/177
2022
Net foreign direct investment
-$8.89B
2024
$15.4M
2015
Net inflows of foreign direct investment
$11.6B
2024
-$371M
2019
Net outflows of foreign direct investment
$2.76B
2024
$0
2024
Servicing debt to the IMF, % of GNI
6.32%
2024
0.53%
2018
Poverty at national poverty lines
38.1%
2024
48.6%
2014
Gross capital formation, % of GDP
15.8%
2024
6.18%
2018

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/yemen | 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 (1864–1998, 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. TradeMap (2015–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.