Net incurrence of liabilities, total (% of GDP) in Argentina
Argentina: Net incurrence of liabilities, total (% of GDP) was 3.6% in 2024. ▲ Rising
Net incurrence of liabilities, total in Argentina, 2002–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, net incurrence of liabilities, total in Argentina stood at 3.6%.
That represents a change of down 22.6% on the previous year and down 25.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Argentina peaked at 11.1% in 2018 and was at its lowest, 1.8%, in 2019.
That places Argentina 63rd out of 136 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Net incurrence of liabilities, total (% of GDP) in Argentina, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 3.9% | — |
| 2003 | 6.1% | +54.4% |
| 2004 | 1.8% | -70.2% |
| 2014 | 4.8% | +167.9% |
| 2015 | 3.8% | -21.8% |
| 2016 | 6.2% | +63.7% |
| 2017 | 6.9% | +11.1% |
| 2018 | 11.1% | +61.0% |
| 2019 | 1.8% | -84.1% |
| 2020 | 5.0% | +182.3% |
| 2021 | 5.0% | -0.2% |
| 2022 | 6.2% | +25.4% |
| 2023 | 4.7% | -24.9% |
| 2024 | 3.6% | -22.6% |
Argentina compared with similar countries
- Argentina's 3.6% is above the median for upper middle income countries, which is 2.9%, 1.3× the median. (47 countries reporting)
- Argentina's 3.6% is above the median for Latin America & Caribbean, which is 2.7%, 1.3× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.9% | 1.8% | 6.1% | 3 |
| 2010s | 5.8% | 1.8% | 11.1% | 6 |
| 2020s | 4.9% | 3.6% | 6.2% | 5 |
Countries ranked near Argentina
More public sector data for Argentina
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- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
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- Arms imports 108.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.941 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 104.76 % change on previous year (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Argentina?
- Net incurrence of liabilities, total in Argentina was 3.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Argentina?
- The highest recorded value was 11.1% in 2018.
- What is the lowest net incurrence of liabilities, total recorded in Argentina?
- The lowest recorded value was 1.8% in 2019.
- How does Argentina rank for net incurrence of liabilities, total?
- Argentina ranks 63rd out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Argentina?
- Over the last ten years it is down 25.4%. The long-run trend across the full record is rising.
- Where does this Argentina data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.