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Economy of Argentina vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Argentina has a GDP of $638B compared to $41.5B for Zimbabwe, ranking 24/197 and 102/197 by economy size, respectively.

Argentina has $540B in government debt (84.7% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Argentina vs Zimbabwe GDP by year

Argentina
Zimbabwe
1x
Year GDP, current $
Argentina Zimbabwe
2024 $638,365,455,340 $41,539,411,516
2023 $649,461,687,959 $35,871,779,681
2022 $633,993,756,301 $40,757,561,709
2021 $486,564,085,480 $41,287,673,690
2020 $385,740,508,437 $31,980,334,561
2019 $447,754,683,615 $33,357,695,635
2018 $524,819,892,360 $34,141,666,667
2017 $643,628,393,281 $51,035,657,371
2016 $557,532,320,663 $20,559,250,000
2015 $594,749,285,413 $19,973,250,000
2014 $526,319,673,732 $19,505,500,000
2013 $552,025,140,252 $19,100,750,000
2012 $545,982,375,701 $17,123,500,000
2011 $530,158,122,010 $14,109,000,000
2010 $423,627,422,092 $12,047,750,000
2009 $332,976,484,578 $9,670,750,000
2008 $361,558,037,110 $4,418,000,000
2007 $287,530,508,431 $5,294,750,000
2006 $232,557,260,817 $5,446,750,000
2005 $198,737,095,012 $5,758,250,000
2004 $164,657,930,453 $5,808,500,000
2003 $127,586,973,492 $5,730,500,000
2002 $97,724,004,252 $6,345,250,000
2001 $268,696,750,000 $6,780,750,000
2000 $284,203,750,000 $6,693,250,000
1999 $283,523,000,000 $6,861,500,000
1998 $298,948,250,000 $6,405,250,000
1997 $292,859,000,000 $8,534,000,000
1996 $272,149,750,000 $8,557,500,000
1995 $258,031,750,000 $7,115,000,000
1994 $257,440,000,000 $6,894,250,000
1993 $236,741,715,015 $6,567,250,000
1992 $228,778,917,308 $6,755,000,000
1991 $189,719,984,268 $8,646,000,000
1990 $141,352,654,305 $8,788,301,546
1989 $76,629,728,760 $8,290,553,535
1988 $126,890,235,049 $7,818,774,177
1987 $108,810,885,301 $6,744,657,033
1986 $105,872,372,614 $6,220,698,247
1985 $88,150,891,728 $5,640,137,575
1984 $116,915,052,107 $6,355,369,172
1983 $103,979,106,778 $7,768,031,182
1982 $84,307,486,837 $8,544,060,905
1981 $78,676,842,367 $8,015,464,252
1980 $76,961,923,741 $6,682,278,300
1979 $69,252,328,952 $5,180,102,910
1978 $89,049,453,088 $4,353,822,343
1977 $56,781,000,101 $4,366,610,469
1976 $51,169,499,892 $4,320,576,877
1975 $52,438,647,922 $4,373,532,601
1974 $72,436,777,342 $3,984,194,614
1973 $52,544,000,117 $3,311,043,292
1972 $34,733,000,536 $2,679,096,597
1971 $33,293,199,095 $2,179,828,710
1970 $31,584,210,366 $1,885,168,339
1969 $31,256,284,544 $1,748,891,294
1968 $26,436,857,247 $1,480,355,355
1967 $24,256,667,553 $1,397,715,282
1966 $28,630,474,728 $1,282,403,936
1965 $28,344,705,967 $1,312,105,394
1964 $25,605,249,382 $1,217,759,447
1963 $18,272,123,664 $1,160,103,724
1962 $18,337,691,145 $1,118,172,226
1961 $20,132,220,375 $1,097,206,526
1960 $15,865,474,315 $1,053,528,036

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Argentina vs Zimbabwe by year

Argentina
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Argentina Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,970 $30,431 $2,497 $5,928
2023 $14,262 $30,221 $2,195 $5,791
2022 $13,962 $29,809 $2,536 $5,396
2021 $10,738 $26,300 $2,614 $4,827
2020 $8,536 $22,393 $2,060 $4,179
2019 $9,956 $23,517 $2,184 $4,166
2018 $11,753 $24,410 $2,271 $3,993
2017 $14,533 $23,385 $3,445 $10,756
2016 $12,700 $20,106 $1,408 $4,275
2015 $13,680 $19,899 $1,387 $4,046
2014 $12,233 $19,487 $1,373 $3,903
2013 $12,964 $19,929 $1,363 $3,784
2012 $12,950 $19,430 $1,239 $3,472
2011 $12,704 $19,105 $1,038 $3,047
2010 $10,260 $17,848 $902 $2,661
2009 $8,150 $16,182 $736 $2,233
2008 $8,944 $17,277 $341 $1,987
2007 $7,185 $16,455 $414 $2,396
2006 $5,869 $14,844 $431 $2,454
2005 $5,068 $13,465 $461 $2,496
2004 $4,242 $12,118 $470 $2,591
2003 $3,320 $10,933 $468 $2,708
2002 $2,570 $9,953 $525 $3,238
2001 $7,141 $11,118 $566 $3,533
2000 $7,637 $11,500 $563 $3,429
1999 $7,706 $11,464 $582 $3,491
1998 $8,219 $11,836 $552 $3,527
1997 $8,147 $11,403 $751 $3,457
1996 $7,663 $10,496 $767 $3,372
1995 $7,358 $9,891 $648 $3,051
1994 $7,438 $10,103 $634 $3,012
1993 $6,932 $9,472 $605 $2,703
1992 $6,790 $8,668 $631 $2,651
1991 $5,709 $7,961 $831 $2,930
1990 $4,315 $7,158 $867 $2,757
1989 $2,375 - $840 -
1988 $3,993 - $816 -
1987 $3,477 - $726 -
1986 $3,436 - $693 -
1985 $2,906 - $649 -
1984 $3,915 - $757 -
1983 $3,538 - $959 -
1982 $2,915 - $1,096 -
1981 $2,764 - $1,069 -
1980 $2,748 - $949 -
1979 $2,512 - $779 -
1978 $3,282 - $665 -
1977 $2,126 - $677 -
1976 $1,947 - $687 -
1975 $2,027 - $717 -
1974 $2,845 - $674 -
1973 $2,098 - $579 -
1972 $1,409 - $483 -
1971 $1,373 - $406 -
1970 $1,323 - $361 -
1969 $1,330 - $346 -
1968 $1,142 - $302 -
1967 $1,064 - $294.4 -
1966 $1,275 - $278.7 -
1965 $1,282 - $294.3 -
1964 $1,176 - $281.9 -
1963 $853 - $277.1 -
1962 $870 - $275.7 -
1961 $971 - $279.2 -
1960 $778 - $276.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Argentina's GDP per capita is $13,970, ranking 72/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Argentina ranks 73rd at $30,431, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Argentina Zimbabwe
Gross domestic product
$638B
2024
$41.5B
2024
GDP rank
24/197
2024
102/197
2024
GDP growth
-1.34%
2023-2024
1.74%
2023-2024
GDP per capita
$13,970
2024
$2,497
2024
GDP per capita rank
72/197
2024
148/197
2024
GDP per capita, PPP
$30,431
2024
$5,928
2024
GDP per capita PPP rank
73/197
2024
154/197
2024
Government debt
$540B
2024
$30.3B
2024
Debt-to-GDP ratio
84.7%
2024
73%
2024
Government debt per person
$11,826
2024
$1,824
2024
Government debt per person rank
46/185
2024
121/185
2024
Average annual personal income after taxes
$8,743
2026
$2,897
2026
Market capitalization of domestic companies
$52.9B
2022
$2.46B
1999
Number of billionaires
5
2025
1
2025
Income share by richest 10%
31.2%
2024
40.5%
2019
Income share by poorest 10%
1.9%
2024
1.9%
2019
Government expenditure, % of GDP
31%
2024
12.9%
2024
Consumer prices inflation
219.9%
2023-2024
736%
2023-2024
Central bank interest rate
29%
2025
35%
2024
Unemployment rate
1.69%
2024
12.1%
2024
Population
46048053
17361868

Spending and national debt comparison by year

Argentina
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Argentina Zimbabwe
Government spending Government debt Government spending Government debt
2024 31% 84.7% 12.9% 73%
2023 37.6% 154.6% 15.5% 76.1%
2022 37.6% 84.3% 14.4% 66.8%
2021 37.9% 81% 12.8% 39.9%
2020 42.5% 103.8% 9.27% 56.8%
2019 38.1% 89.8% 9.36% 53.9%
2018 38.9% 85.2% 13.9% 33%
2017 41.1% 57% 19.8% 49%
2016 41.5% 53.1% 16.6% 35.1%
2015 41.4% 52.6% 14.7% 34.1%
2014 38.9% 44.7% 14.1% 29.2%
2013 37.6% 43.5% 14.7% 26.4%
2012 36.8% 40.4% 14.6% 27.2%
2011 34.9% 38.9% 16.2% 30%
2010 33.4% 43.5% 12.8% 33.2%
2009 34.5% 55.4% 7.93% 39.7%
2008 30.8% 53.8% 2.54% 41.3%
2007 29.6% 62.1% 3.43% 30.2%
2006 26.6% 70.8% 5.72% 26.7%
2005 24.4% 80.3% 10.5% 22.4%
2004 23% 117.9% - -
2003 22% 125.2% - -
2002 21.9% 147.2% - -
2001 26.4% 48% - -
2000 25.2% 40.8% - -
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-02-20).

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

In 2024, Argentina's government spending was $198B, accounting for 31% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 84.7% in Argentina and 73% in Zimbabwe, ranking 39/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Argentina

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Argentina Zimbabwe
2024 0.46% -1.06%
2023 -5.33% -3.9%
2022 -3.84% -3.3%
2021 -4.33% -2.24%
2020 -8.67% -0.34%
2019 -4.44% -1.72%
2018 -5.44% -3.81%
2017 -6.69% -7.37%
2016 -6.65% -4.63%
2015 -6% -1.45%
2014 -4.25% -0.71%
2013 -3.25% -0.69%
2012 -3.02% -0.13%
2011 -2.75% -1.72%
2010 -1.39% -0.11%
2009 -1.83% -1.39%
2008 0.35% -1.2%
2007 0.76% -1.67%
2006 1.65% -1.4%
2005 3.34% -3.46%
2004 3.97% -
2003 1.5% -
2002 -1.91% -
2001 -5.36% -
2000 -3.42% -
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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20).

GeoRank.org/economy/argentina/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, Argentina recorded a fiscal deficit in 15 of those years, while Zimbabwe ran a deficit in 20 years. On average, Argentina posted an annual deficit equal to 3.07% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Argentina

Zimbabwe
1x
Year Consumer prices inflation
Argentina Zimbabwe
2024 219.9% 736%
2023 133.5% 667%
2022 72.4% 193.4%
2021 48.4% 98.5%
2020 42% 557%
2019 53.5% 255.3%
2018 34.3% 10.6%
2017 25.7% 0.9%
2016 - -1.6%
2015 - -2.4%
2014 - -0.2%
2013 10.6% 1.6%
2012 10% 3.7%
2011 9.8% 3.5%
2010 10.5% 3%
2009 6.3% 6.2%
2008 8.6% 157%
2007 8.8% -72.7%
2006 10.9% 33%
2005 9.6% -31.5%
2004 4.4% 113.6%
2003 13.4% -8.6%
2002 25.9% -34.4%
2001 -1.1% -37.2%
2000 -0.9% 4.5%
1999 -1.2% -13.4%
1998 0.9% -28%
1997 - -1%

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

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

Over the past 27 years, Argentina has recorded an average annual inflation rate of 31.5%, compared with 96.9% in Zimbabwe. In 2024, inflation was 219.9% in Argentina and 736% in Zimbabwe.

Top exports between countries

Argentina
Export category Export value
Miscellaneous $88K
Zimbabwe
Export category Export value
Precious metals & jewellery $4K
Machinery & equipment $1K

Balance of trade

Argentina Zimbabwe
Current account balance
$5.7B
2024
$501M
2024
Current account balance ranking
32/190
2024
62/190
2024
Current account balance, % of GDP
+0.89%
2024
+1.21%
2024
Goods imports
$57.4B
2024
$9.06B
2024
Goods exports
$79.8B
2024
$7.79B
2024
Service imports
$22.9B
2024
$1.66B
2024
Service exports
$17.2B
2024
$457M
2024
Imports of goods and services, % of GDP
12.7%
2024
23.4%
2024
Exports of goods and services, % of GDP
15.2%
2024
18%
2024

Economic freedom indices

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

Argentina Zimbabwe
Economic freedom 57.4 35.2
Economic freedom ranking 117/197 190/197
Property rights 41.2 19.4
Government integrity 41.2 20.7
Judicial effectiveness 58.2 16.8
Tax burden 67.8 73.6
Government spending 62.3 93.9
Fiscal health 72.2 52.4
Business freedom 56.8 42
Labor freedom 53.5 33.3
Monetary freedom 28.9 0
Trade freedom 67.4 50.4
Investment freedom 70 10
Financial freedom 70 10

Economic freedom comparison by year

Argentina
Zimbabwe
1x
Year Economic freedom index
Argentina Zimbabwe
2026 57.4 35.2
2025 54.2 35.1
2024 49.9 38.2
2023 51 39
2022 50.1 33.1
2021 52.7 39.5
2020 53.1 43.1
2019 52.2 40.4
2018 52.3 44
2017 50.4 44
2016 43.8 38.2
2015 44.1 37.6
2014 44.6 35.5
2013 46.7 28.6
2012 48 26.3
2011 51.7 22.1
2010 51.2 21.4
2009 52.3 22.7
2008 54.2 29.5
2007 54 32
2006 53.4 33.5
2005 51.7 35.2
2004 53.9 34.4
2003 56.3 36.7
2002 65.7 36.7
2001 68.6 38.8
2000 70 48.7
1999 70.6 47.2
1998 70.9 44.6
1997 73.3 48
1996 74.7 46.7
1995 68 48.5

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

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

The Economic Freedom Index for Argentina is 57.4, ranking 117/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Argentina Zimbabwe
Services, % of GDP
53.7%
2024
50.6%
2024
Industry, % of GDP
24%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
5.81%
2024
8.69%
2024
GNI, Atlas method
$618B
2024
$39.9B
2024
GNI per capita, PPP
$29,800
2024
$5,870
2024
Total reserves including gold
$29.6B
2024
$485M
2024
Total reserves ranking
56/177
2024
157/177
2024
Net foreign direct investment
-$8.89B
2024
-$465M
2024
Net inflows of foreign direct investment
$11.6B
2024
$465M
2024
Net outflows of foreign direct investment
$2.76B
2024
$131M
2024
Servicing debt to the IMF, % of GNI
6.32%
2024
3.44%
2024
Poverty at national poverty lines
38.1%
2024
38.3%
2019
Gross capital formation, % of GDP
15.8%
2024
8.85%
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/zimbabwe | 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 (2020–2024, 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.