External Debt in Argentina increased to 278073.14 USD Million in the first quarter of 2025 from 277257.38 USD Million in the fourth quarter of 2024. This dataset provides - Argentina External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

External debt stocks (% of GNI) in Argentina was reported at 42.07 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - External debt stocks (% of GNI) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Argentina AR: External Debt: INT: PS: Multilateral data was reported at 1.560 USD bn in 2031. This records a decrease from the previous number of 1.708 USD bn for 2030. Argentina AR: External Debt: INT: PS: Multilateral data is updated yearly, averaging 580.745 USD mn from Dec 1970 (Median) to 2031, with 62 observations. The data reached an all-time high of 2.252 USD bn in 2025 and a record low of 20.003 USD mn in 1970. Argentina AR: External Debt: INT: PS: Multilateral data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.IDS: External Debt: Disbursements and Interest Payment: Annual. Public sector multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Interest payments are actual amounts of interest paid by the borrower in currency, goods, or services in the year specified. Data are in current U.S. dollars.

External debt stocks, long-term (DOD, current US$) in Argentina was reported at 163605136250 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - External debt stocks, long-term (DOD, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Debt service on external debt, total (TDS, current US$) in Argentina was reported at 45837549043 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - Debt service on external debt, total (TDS, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) in Argentina was reported at 126389609250 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The national debt of Argentina amounted to about 453.88 billion U.S. dollars in 2024. Between 1992 and 2024, the national debt rose by approximately 453.82 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around 299.25 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

Argentina AR: External Debt: INT: GG: Official Creditors data was reported at 1.580 USD bn in 2031. This records a decrease from the previous number of 1.745 USD bn for 2030. Argentina AR: External Debt: INT: GG: Official Creditors data is updated yearly, averaging 718.870 USD mn from Dec 1970 (Median) to 2031, with 62 observations. The data reached an all-time high of 2.664 USD bn in 2025 and a record low of 10.113 USD mn in 1971. Argentina AR: External Debt: INT: GG: Official Creditors data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.IDS: External Debt: Disbursements and Interest Payment: Annual. General government debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Interest payments are actual amounts of interest paid by the borrower in currency, goods, or services in the year specified. Data are in current U.S. dollars.

External debt stocks, total (DOD, current US$) in Argentina was reported at 266167259703 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - External debt stocks, total (DOD, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Short-term debt (% of total external debt) in Argentina was reported at 20.64 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - Short-term debt (% of total external debt) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Present value of external debt (current US$) in Argentina was reported at 74362126635 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - Present value of external debt - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in Argentina was reported at 10070862844 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Inflation in Argentina was 54 percent in 2019, before falling to 42 percent in 2020. Despite Argentina's fluctuating economic instability over the twentieth century, the largest factor in its current economic status is the legacy of poor fiscal discipline left by the economic depression from 1998 to 2002. Although data is not available from 2014 to 2016, Argentina's inflation rate has been among the highest in the world for the past five years.

What causes inflation?

Inflation is a rise in price levels for all goods. Major causes of inflation include an increase in money supply, low central bank interest rates, and expectation of inflation. In a country such as Argentina, the expectation can be one of the biggest obstacles. People expect inflation to be high and demand increasing wages, and firms continue raising prices because they expect the costs of inputs to increase. Banks follow suit, charging high interest rates on fixed deposits.

Effects of inflation

Inflation negatively affects savers. 100 Argentinian pesos in 2018 was worth just under 75 pesos in 2019, after adjusting for the 34 percent inflation rate. Similarly, frequently changing prices has its own inherent cost, called “menu cost” after the price of printing new menus. Inflation will also have a positive effect on national debt when that debt is denominated in Argentinian pesos, because the pesos will be cheaper when the loan matures. However, the majority of Argentina’s debts are in foreign currency, which means that inflation will make these debts larger in peso terms.

Present value of external debt (% of GNI) in Argentina was reported at 11.75 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - Present value of external debt (% of GNI) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Total reserves (% of total external debt) in Argentina was reported at 8.6714 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - Total reserves (% of total external debt) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Key information about Argentina Domestic Credit Growth

• Argentina Domestic Credit increased 50.1 % YoY in Dec 2024, compared with an increase of 115.1 % YoY in the previous month
• Argentina Domestic Credit Growth YoY data is updated monthly
• It averaged 23.8 %, available from Jan 1991 to Dec 2024
• The data reached an all-time high of 467.4 % in Jan 1991 and a record low of -11.9 % in Sep 2019

CEIC calculates monthly Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in local currency. Domestic Credit Growth prior to January 2018 is based on an older methodology.


Further information about Argentina Domestic Credit Growth

• In the latest reports, Argentina Domestic Credit reached 201.4 USD bn in Dec 2024
• Money Supply M2 in Argentina increased to 98.1 USD bn YoY in Dec 2024
• Argentina Foreign Exchange Reserves was measured at 22.1 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 3.7 Months of Import in May 2023
• The country's Non Performing Loans Ratio stood at 1.6 % in Dec 2024, compared with the ratio of 1.5 % in the previous month
• Household Debt of Argentina reached 4.5 % in Sep 2024, accounting for 4.5 % of the country's Nominal GDP

Key information about Argentina Domestic Credit

• Argentina Domestic Credit reached 201.4 USD bn in Dec 2024, compared with a reported figure of 188.7 USD bn in the previous month
• Argentina Domestic Credit data is updated monthly
• It is available from Jan 1990 to Dec 2024 and averaged 92.1 USD bn
• The data reached an all-time high of 246.2 USD bn in Nov 2023 and a record low of 20.0 USD bn in Feb 1990

CEIC converts monthly Domestic Credit into USD. The International Monetary Fund provides Domestic Credit in local currency. The Central Bank of Argentina period end market exchange rate is used for currency conversions. Domestic Credit prior to January 2017 is based on an older methodology.


Further information about Argentina Domestic Credit

• In the latest reports, Argentina Domestic Credit represented an increased of 50.1 % YoY in Dec 2024
• Money Supply M2 in Argentina increased to 98.1 USD bn YoY in Dec 2024
• Argentina Foreign Exchange Reserves was measured at 22.1 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 3.7 Months of Import in May 2023
• The country's Non Performing Loans Ratio stood at 1.6 % in Dec 2024, compared with the ratio of 1.5 % in the previous month
• Household Debt of Argentina reached 4.5 % in Sep 2024, accounting for 4.5 % of the country's Nominal GDP

External debt stocks, short-term (DOD, current US$) in Argentina was reported at 54949726426 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - External debt stocks, short-term (DOD, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Present value of external debt (% of exports of goods, services and primary income) in Argentina was reported at 83.31 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Argentina - Present value of external debt (% of exports of goods, services and income) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Key information about Argentina Foreign Exchange Reserves

• Argentina Foreign Exchange Reserves was measured at 22.1 USD bn in Jan 2025, compared with 24.3 USD bn in the previous month
• Argentina Foreign Exchange Reserves: USD mn data is updated monthly, available from Dec 1956 to Jan 2025
• The data reached an all-time high of 65.3 USD bn in Apr 2019 and a record low of 13.0 USD mn in Feb 1972

CEIC calculates monthly Foreign Exchange Reserves as the sum of Foreign Currency Reserves and Loans to Non-Bank Non-Residents. The Central Bank of Argentina provides Foreign Exchange Reserves in USD. Foreign Exchange Reserves prior to July 2006 is sourced from the International Monetary Fund.


Further information about Argentina Foreign Exchange Reserves

• In the latest reports, Argentina Foreign Exchange Reserves equaled 3.7 Months of Import in May 2023.
• Its Money Supply M2 increased 98.1 USD bn YoY in Dec 2024.
• Argentina Domestic Credit reached 188.7 USD bn in Nov 2024, representing an increased of 115.0 % YoY.
• The country's Non Performing Loans Ratio stood at 1.6 % in Dec 2024, compared with the ratio of 1.5 % in the previous month.
• Household Debt of Argentina reached 4.5 % in Sep 2024, accounting for 4.5 % of the country's Nominal GDP.