Argentina is one of the most indebted countries in the Latin American region. In 2023, the Argentinian central government's debt held in foreign currency represented 57 percent of its GDP, down from 79 percent in 2020. Gross national debt held in domestic currency as a share of GDP peaked in 2005, when it reached 33 percent.

Key information about Argentina Government Debt: % of GDP

• Argentina Government debt accounted for 80.3 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 79.5 % in the previous quarter.
• Argentina government debt to GDP ratio data is updated quarterly, available from Dec 2004 to Mar 2023.
• The data reached an all-time high of 116.8 % in Dec 2004 and a record low of 33.9 % in Jun 2012.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and quarterly Nominal GDP. The Ministry of Treasury provides Government Debt in USD. The National Institute of Statistics and Censuses provides annualized Nominal GDP in local currency. The Central Bank of Argentina average market exchange rate is used for currency conversions. Government Debt excludes debt swaps.


Related information about Argentina Government Debt: % of GDP

• In the latest reports, Argentina National Government Debt reached 398.2 USD bn in Mar 2023.
• The country's Nominal GDP reached 150.8 USD bn in Mar 2023.

Argentina Public Debt: Medium & Long Term: Public Titles: Foreign Currency data was reported at 168.746 USD bn in Dec 2024. This records a decrease from the previous number of 169.078 USD bn for Sep 2024. Argentina Public Debt: Medium & Long Term: Public Titles: Foreign Currency data is updated quarterly, averaging 80.849 USD bn from Dec 1994 (Median) to Dec 2024, with 119 observations. The data reached an all-time high of 179.178 USD bn in Sep 2023 and a record low of 32.847 USD bn in Sep 2005. Argentina Public Debt: Medium & Long Term: Public Titles: Foreign Currency data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F062: Gross Public Debt: by Instrument and Type of Term. Excluding Defaulted Debt

Argentina Gross Public Debt: Central Government: Local Currency (LC) data was reported at 209.193 USD bn in Dec 2024. This records an increase from the previous number of 202.156 USD bn for Sep 2024. Argentina Gross Public Debt: Central Government: Local Currency (LC) data is updated quarterly, averaging 105.777 USD bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 209.193 USD bn in Dec 2024 and a record low of 61.293 USD bn in Sep 2019. Argentina Gross Public Debt: Central Government: Local Currency (LC) data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Gross Public Debt: Central Government: FC: EURO: Variable Rate: LIBOR data was reported at 169.577 USD mn in Dec 2024. This records a decrease from the previous number of 208.299 USD mn for Sep 2024. Gross Public Debt: Central Government: FC: EURO: Variable Rate: LIBOR data is updated quarterly, averaging 269.900 USD mn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 359.389 USD mn in Dec 2020 and a record low of 151.848 USD mn in Mar 2019. Gross Public Debt: Central Government: FC: EURO: Variable Rate: LIBOR data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina external debt for 2022 was 247.68 billion US dollars, a 0.56% increase from 2021.

<ul style='margin-top:20px;'>

<li>Argentina external debt for 2021 was <strong>246.31 billion US dollars</strong>, a <strong>3.62% decline</strong> from 2020.</li>
<li>Argentina external debt for 2020 was <strong>255.56 billion US dollars</strong>, a <strong>8.95% decline</strong> from 2019.</li>
<li>Argentina external debt for 2019 was <strong>280.68 billion US dollars</strong>, a <strong>1.03% increase</strong> from 2018.</li>
</ul>Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.

Argentina AR: Gross Public Debt: Central Government: Long Term: Up to 1 Year: Currency and Deposits data was reported at 0.000 ARS mn in Sep 2017. This stayed constant from the previous number of 0.000 ARS mn for Jun 2017. Argentina AR: Gross Public Debt: Central Government: Long Term: Up to 1 Year: Currency and Deposits data is updated quarterly, averaging 0.000 ARS mn from Mar 2015 (Median) to Sep 2017, with 7 observations. The data reached an all-time high of 0.000 ARS mn in Sep 2017 and a record low of 0.000 ARS mn in Sep 2017. Argentina AR: Gross Public Debt: Central Government: Long Term: Up to 1 Year: Currency and Deposits 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.QPSD: Gross Public Debt: Central Government.

Argentina Gross Public Debt: Central Government: FC: USD: Variable Rate: LIBOR data was reported at 32.535 USD bn in Dec 2024. This records an increase from the previous number of 30.176 USD bn for Sep 2024. Argentina Gross Public Debt: Central Government: FC: USD: Variable Rate: LIBOR data is updated quarterly, averaging 22.982 USD bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 32.535 USD bn in Dec 2024 and a record low of 17.011 USD bn in Mar 2019. Argentina Gross Public Debt: Central Government: FC: USD: Variable Rate: LIBOR data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: Foreign Currency (FC) data was reported at 257.669 USD bn in Dec 2024. This records a decrease from the previous number of 257.855 USD bn for Sep 2024. Argentina Gross Public Debt: Foreign Currency (FC) data is updated quarterly, averaging 252.614 USD bn from Sep 2013 (Median) to Dec 2024, with 44 observations. The data reached an all-time high of 269.694 USD bn in Sep 2023 and a record low of 124.189 USD bn in Sep 2013. Argentina Gross Public Debt: Foreign Currency (FC) data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: Central Government: LC: CER: Adjusted data was reported at 133.851 USD bn in Dec 2024. This records an increase from the previous number of 129.300 USD bn for Sep 2024. Argentina Gross Public Debt: Central Government: LC: CER: Adjusted data is updated quarterly, averaging 58.868 USD bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 143.482 USD bn in Jun 2024 and a record low of 22.610 USD bn in Sep 2019. Argentina Gross Public Debt: Central Government: LC: CER: Adjusted data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: Central Government: LC: CER: Unadjusted: Fixed Rate data was reported at 35.160 USD bn in Dec 2024. This records an increase from the previous number of 33.964 USD bn for Sep 2024. Argentina Gross Public Debt: Central Government: LC: CER: Unadjusted: Fixed Rate data is updated quarterly, averaging 10.621 USD bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 35.160 USD bn in Dec 2024 and a record low of 4.930 USD bn in Mar 2023. Argentina Gross Public Debt: Central Government: LC: CER: Unadjusted: Fixed Rate data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Public Debt: Medium & Long Term: Public Titles: National Currency data was reported at 149.249 USD bn in Dec 2024. This records an increase from the previous number of 140.342 USD bn for Sep 2024. Argentina Public Debt: Medium & Long Term: Public Titles: National Currency data is updated quarterly, averaging 33.715 USD bn from Dec 1994 (Median) to Dec 2024, with 119 observations. The data reached an all-time high of 155.738 USD bn in Jun 2024 and a record low of 1.505 USD bn in Dec 2001. Argentina Public Debt: Medium & Long Term: Public Titles: National Currency data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F062: Gross Public Debt: by Instrument and Type of Term. Excluding Defaulted Debt

Argentina Gross Public Debt: EPR: Foreign Currency (FC) data was reported at 2.256 USD bn in Dec 2024. This records a decrease from the previous number of 2.319 USD bn for Sep 2024. Argentina Gross Public Debt: EPR: Foreign Currency (FC) data is updated quarterly, averaging 2.353 USD bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 2.473 USD bn in Mar 2019 and a record low of 2.256 USD bn in Sep 2022. Argentina Gross Public Debt: EPR: Foreign Currency (FC) data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: FC: USD data was reported at 209.906 USD bn in Dec 2024. This records an increase from the previous number of 207.893 USD bn for Sep 2024. Argentina Gross Public Debt: FC: USD data is updated quarterly, averaging 199.783 USD bn from Sep 2013 (Median) to Dec 2024, with 44 observations. The data reached an all-time high of 218.314 USD bn in Sep 2023 and a record low of 102.473 USD bn in Sep 2013. Argentina Gross Public Debt: FC: USD data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: Central Government: FC: SDR: Variable Rate data was reported at 40.558 USD bn in Dec 2024. This records a decrease from the previous number of 42.181 USD bn for Sep 2024. Argentina Gross Public Debt: Central Government: FC: SDR: Variable Rate data is updated quarterly, averaging 43.507 USD bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 46.632 USD bn in Mar 2022 and a record low of 28.079 USD bn in Mar 2019. Argentina Gross Public Debt: Central Government: FC: SDR: Variable Rate data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: Central Government: FC: Others: Zero Rate data was reported at 2.642 USD mn in Dec 2024. This records a decrease from the previous number of 2.710 USD mn for Sep 2024. Argentina Gross Public Debt: Central Government: FC: Others: Zero Rate data is updated quarterly, averaging 0.951 USD mn from Dec 2020 (Median) to Dec 2024, with 17 observations. The data reached an all-time high of 3.508 USD mn in Dec 2021 and a record low of 0.000 USD mn in Sep 2023. Argentina Gross Public Debt: Central Government: FC: Others: Zero Rate data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: Central Government: FC: USD: Variable Rate: Others data was reported at 69.292 USD bn in Dec 2024. This records an increase from the previous number of 69.237 USD bn for Sep 2024. Argentina Gross Public Debt: Central Government: FC: USD: Variable Rate: Others data is updated quarterly, averaging 57.653 USD bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 69.292 USD bn in Dec 2024 and a record low of 49.371 USD bn in Sep 2019. Argentina Gross Public Debt: Central Government: FC: USD: Variable Rate: Others data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: FC: USD: Variable Rate data was reported at 101.901 USD bn in Dec 2024. This records an increase from the previous number of 99.486 USD bn for Sep 2024. Argentina Gross Public Debt: FC: USD: Variable Rate data is updated quarterly, averaging 68.434 USD bn from Sep 2013 (Median) to Dec 2024, with 44 observations. The data reached an all-time high of 101.901 USD bn in Dec 2024 and a record low of 51.142 USD bn in Sep 2013. Argentina Gross Public Debt: FC: USD: Variable Rate data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: FC: USD: Zero Rate data was reported at 6.885 USD bn in Dec 2024. This records a decrease from the previous number of 7.165 USD bn for Sep 2024. Argentina Gross Public Debt: FC: USD: Zero Rate data is updated quarterly, averaging 9.382 USD bn from Sep 2013 (Median) to Dec 2024, with 44 observations. The data reached an all-time high of 22.473 USD bn in Mar 2018 and a record low of 390.313 USD mn in Mar 2016. Argentina Gross Public Debt: FC: USD: Zero Rate data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.

Argentina Gross Public Debt: Central Government data was reported at 464.605 USD bn in Dec 2024. This records an increase from the previous number of 457.692 USD bn for Sep 2024. Argentina Gross Public Debt: Central Government data is updated quarterly, averaging 364.561 USD bn from Mar 2019 (Median) to Dec 2024, with 24 observations. The data reached an all-time high of 464.605 USD bn in Dec 2024 and a record low of 308.846 USD bn in Sep 2019. Argentina Gross Public Debt: Central Government data remains active status in CEIC and is reported by Ministry of Treasury. The data is categorized under Global Database’s Argentina – Table AR.F061: Gross Public Debt: by Currency and Rate.