Argentina: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Argentina |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -4.74 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1961 - 2022 |
| Average | -4.22 |
| Min - Max | -13.84 - 3.39 |
| Source | Ministry of Economy of Argentina |
The latest value from 2022 is -4.74 percent, a decline from -2.24 percent in 2021. In comparison, the world average is -2.50 percent, based on data from 163 countries. Historically, the average for Argentina from 1961 to 2022 is -4.22 percent. The minimum value, -13.84 percent, was reached in 1975 while the maximum of 3.39 percent was recorded in 2004.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 15.40 | 2022 | percent |
| Government spending, in dollars | 101.20 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -4.74 | 2022 | percent |
| Government debt | 85.00 | 2022 | percent |
| Government expenditure | 21,002.58 | Q2/2024 | billion |
| Tax revenue | 11.47 | 2021 | percent |
| Commercial tax rate | 106.30 | 2019 | percent |
| Tax preparation time | 312 | 2019 | hours |
| Number of taxes | 9 | 2019 | taxes |
| Taxes on goods and services | 29.54 | 2021 | percent |
| Taxes on international trade | 15.04 | 2021 | percent |
| Income and profits taxes | 8.71 | 2021 | percent |
| Foreign aid | 153.53 | 2021 | million U.S. dollars |