Argentina vs Belgium

Argentina vs Belgium: Government debt

Government debt in 2025: 80.1% of GDP in Argentina and 107.9% of GDP in Belgium, by IMF estimates. In 2025 the value was higher in Belgium, by 27.8 percentage points, or 1.35 times that in Argentina.

Watch it change on the map

% of GDP · IMF

Argentina vs Belgium: Government debtGovernment debt in 2025: 80.1% of GDP in Argentina and 107.9% of GDP in Belgium, by IMF estimates. In 2025 the value was higher in Belgium, by 27.8 percentage points, or 1.35 times that in Argentina.
ArgentinaBelgiumIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Belgium has been higher since 2024, when it overtook Argentina.
  • In 2025, Argentina ranked 32 and Belgium ranked 9 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Argentina at 53.9% of GDP and Belgium at 122.1% of GDP in 2031.

Every year

% of GDP · IMF

YearArgentinaBelgium
202580.1107.9
202484.6103.9
2023153.4102.5
202284.3103.3
202181108.7
2020103.8111.4
201989.897.7
201885.3100.1
201757102.5
201653.1105.5
201552.6105.6
201444.7106.6
201343.5105
201240.4104.3
201138.9102.7
201043.5100.2
200955.499.9
200853.893.2
200762.187.3
200670.891.5
200580.395.1
2004117.997.2
2003125.2101.7
2002147.2105.4
200148108.2
200040.8109.6
199938.9115.4
199834.2119.2
199731.7124.3
199632.6129
199530.8131.3
199428.4137.1
199326.9138.9
199225134.7
1991–131.8
1990–130.3
1989–126.4
1988–129.7
1987–129.2
1986–124.7
1985–119.4
1984–114.6
1983–110.3
1982–99.6
1981–89.7
1980–76.8
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearArgentinaBelgium
202669.4109.8
202770.4111.6
202865.6114.1
202960.3116.4
203056.7119.3
203153.9122.1

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Argentina vs Belgium

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