Argentina vs Mexico
Argentina vs Mexico: Government debt
Government debt in 2025: 80.1% of GDP in Argentina and 61.7% of GDP in Mexico, by IMF estimates. In 2025 the value was higher in Argentina, by 18.4 percentage points, or 1.3 times that in Mexico.
% of GDP · IMF
What the numbers say
- Argentina has been higher since 2017, when it overtook Mexico.
- In 2025, Argentina ranked 32 and Mexico ranked 52 of 149 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Argentina at 53.9% of GDP and Mexico at 64.5% of GDP in 2031.
Every year
% of GDP · IMF
| Year | Argentina | Mexico |
|---|---|---|
| 2025 | 80.1 | 61.7 |
| 2024 | 84.6 | 59 |
| 2023 | 153.4 | 52.7 |
| 2022 | 84.3 | 53.8 |
| 2021 | 81 | 56.7 |
| 2020 | 103.8 | 58.5 |
| 2019 | 89.8 | 51.9 |
| 2018 | 85.3 | 52.2 |
| 2017 | 57 | 52.5 |
| 2016 | 53.1 | 55 |
| 2015 | 52.6 | 51 |
| 2014 | 44.7 | 47.1 |
| 2013 | 43.5 | 44.1 |
| 2012 | 40.4 | 40.8 |
| 2011 | 38.9 | 41.2 |
| 2010 | 43.5 | 40.2 |
| 2009 | 55.4 | 41.7 |
| 2008 | 53.8 | 40.6 |
| 2007 | 62.1 | 35.5 |
| 2006 | 70.8 | 35.8 |
| 2005 | 80.3 | 36.8 |
| 2004 | 117.9 | 38.9 |
| 2003 | 125.2 | 42.1 |
| 2002 | 147.2 | 39.9 |
| 2001 | 48 | 37.3 |
| 2000 | 40.8 | 38.5 |
| 1999 | 38.9 | 41.7 |
| 1998 | 34.2 | 39.7 |
| 1997 | 31.7 | 39.1 |
| 1996 | 32.6 | 42.5 |
| 1995 | 30.8 | – |
| 1994 | 28.4 | – |
| 1993 | 26.9 | – |
| 1992 | 25 | – |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Argentina | Mexico |
|---|---|---|
| 2026 | 69.4 | 62.1 |
| 2027 | 70.4 | 62.9 |
| 2028 | 65.6 | 63.4 |
| 2029 | 60.3 | 64 |
| 2030 | 56.7 | 64.3 |
| 2031 | 53.9 | 64.5 |
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 Mexico
Health
- Life expectancyArgentina: 77.4 years in 2023Mexico: 75.1 years in 2023
- Child mortalityArgentina: 1 per 100 live births in 2024Mexico: 1.3 per 100 live births in 2024
- Infant mortalityArgentina: 9 per 1,000 live births in 2023Mexico: 10.4 per 1,000 live births in 2023
- DepressionArgentina: 3.67% in 2017Mexico: 2.79% in 2017
- Suicide rateArgentina: 10.6 per 100,000 people in 2017Mexico: 5.9 per 100,000 people in 2017
People
- PopulationArgentina: 45.5 million people in 2023Mexico: 130 million people in 2023
- Population growthArgentina: 0.35% a year in 2023Mexico: 0.88% a year in 2023
- Fertility rateArgentina: 1.5 births per woman in 2023Mexico: 1.91 births per woman in 2023
- Urban populationArgentina: 92.4% in 2025Mexico: 80% in 2025
- Median ageArgentina: 32.1 years in 2023Mexico: 28.9 years in 2023
- People aged 65 and overArgentina: 12.2% in 2023Mexico: 8% in 2023
- Net migration rateArgentina: 0.1 per 1,000 people in 2023Mexico: -0.8 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingArgentina: 0.56% of GDP in 2025Mexico: 0.74% of GDP in 2025
- Military spending in US dollarsArgentina: $3.73B in 2025Mexico: $13.8B in 2025
- Military spending per personArgentina: $85 in 2025Mexico: $104 in 2025
- Military share of state spendingArgentina: 1.8% of government spending in 2025Mexico: 2.5% of government spending in 2025
- Armed forces personnelArgentina: 103,000 people in 2020Mexico: 341,000 people in 2020
- National powerArgentina: 0.45% of world capability in 2022Mexico: 1.14% of world capability in 2022
- Armed forces, share of workersArgentina: 0.53% of the labour force in 2020Mexico: 0.64% of the labour force in 2020
- Arms importsArgentina: 108 million TIV in 2025Mexico: 9 million TIV in 2025
- Arms exportsArgentina: 1 million TIV in 2011Mexico: 1 million TIV in 2019