Argentina vs Brazil
Argentina vs Brazil: Government debt
Government debt in 2025: 80.1% of GDP in Argentina and 93.3% of GDP in Brazil, by IMF estimates. In 2025 the value was higher in Brazil, by 13.3 percentage points, or 1.17 times that in Argentina.
% of GDP · IMF
What the numbers say
- Brazil has been higher since 2024, when it overtook Argentina.
- In 2025, Argentina ranked 32 and Brazil ranked 22 of 149 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Argentina at 53.9% of GDP and Brazil at 105.3% of GDP in 2031.
Every year
% of GDP · IMF
| Year | Argentina | Brazil |
|---|---|---|
| 2025 | 80.1 | 93.3 |
| 2024 | 84.6 | 87 |
| 2023 | 153.4 | 84 |
| 2022 | 84.3 | 83.9 |
| 2021 | 81 | 88.9 |
| 2020 | 103.8 | 96 |
| 2019 | 89.8 | 87.1 |
| 2018 | 85.3 | 84.8 |
| 2017 | 57 | 82.8 |
| 2016 | 53.1 | 77.4 |
| 2015 | 52.6 | 71.7 |
| 2014 | 44.7 | 61.6 |
| 2013 | 43.5 | 59.6 |
| 2012 | 40.4 | 61.6 |
| 2011 | 38.9 | 60.6 |
| 2010 | 43.5 | 62.4 |
| 2009 | 55.4 | 64.7 |
| 2008 | 53.8 | 61.4 |
| 2007 | 62.1 | 63 |
| 2006 | 70.8 | 64.6 |
| 2005 | 80.3 | 67 |
| 2004 | 117.9 | 68 |
| 2003 | 125.2 | 71.5 |
| 2002 | 147.2 | 76.1 |
| 2001 | 48 | 67.3 |
| 2000 | 40.8 | 62.2 |
| 1999 | 38.9 | – |
| 1998 | 34.2 | – |
| 1997 | 31.7 | – |
| 1996 | 32.6 | – |
| 1995 | 30.8 | – |
| 1994 | 28.4 | – |
| 1993 | 26.9 | – |
| 1992 | 25 | – |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Argentina | Brazil |
|---|---|---|
| 2026 | 69.4 | 97 |
| 2027 | 70.4 | 99.3 |
| 2028 | 65.6 | 101.3 |
| 2029 | 60.3 | 103.2 |
| 2030 | 56.7 | 104.5 |
| 2031 | 53.9 | 105.3 |
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 Brazil
Health
- Life expectancyArgentina: 77.4 years in 2023Brazil: 75.9 years in 2023
- Child mortalityArgentina: 1 per 100 live births in 2024Brazil: 1.4 per 100 live births in 2024
- Infant mortalityArgentina: 9 per 1,000 live births in 2023Brazil: 12.1 per 1,000 live births in 2023
- DepressionArgentina: 3.67% in 2017Brazil: 3.3% in 2017
- Suicide rateArgentina: 10.6 per 100,000 people in 2017Brazil: 6.1 per 100,000 people in 2017
People
- PopulationArgentina: 45.5 million people in 2023Brazil: 211 million people in 2023
- Population growthArgentina: 0.35% a year in 2023Brazil: 0.41% a year in 2023
- Fertility rateArgentina: 1.5 births per woman in 2023Brazil: 1.62 births per woman in 2023
- Urban populationArgentina: 92.4% in 2025Brazil: 88.2% in 2025
- Median ageArgentina: 32.1 years in 2023Brazil: 33.9 years in 2023
- People aged 65 and overArgentina: 12.2% in 2023Brazil: 10.6% in 2023
- Net migration rateArgentina: 0.1 per 1,000 people in 2023Brazil: -1.1 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingArgentina: 0.56% of GDP in 2025Brazil: 1.05% of GDP in 2025
- Military spending in US dollarsArgentina: $3.73B in 2025Brazil: $23.6B in 2025
- Military spending per personArgentina: $85 in 2025Brazil: $113 in 2025
- Military share of state spendingArgentina: 1.8% of government spending in 2025Brazil: 2.2% of government spending in 2025
- Armed forces personnelArgentina: 103,000 people in 2020Brazil: 762,000 people in 2020
- National powerArgentina: 0.45% of world capability in 2022Brazil: 2.01% of world capability in 2022
- Armed forces, share of workersArgentina: 0.53% of the labour force in 2020Brazil: 0.76% of the labour force in 2020
- Arms importsArgentina: 108 million TIV in 2025Brazil: 462 million TIV in 2025
- Arms exportsArgentina: 1 million TIV in 2011Brazil: 153 million TIV in 2025