Argentina and Australia Economies: A Side-by-Side Table Comparison

In comparing Argentina and Australia, we see Argentina’s population is nearly twice as large, while Australia boasts a land area nearly three times greater. Australia’s economy is significantly stronger, with a GDP over two and a half times larger and military spending over ten times greater. Argentina’s imports and exports are much smaller, focusing on basic goods.

Basic Indicators

IndicatorArgentina Flag of ArgentinaAustralia Flag of Australia %28converted%29Comparison
Population source (2022 data), updated 202446.23 million (32nd)26.01 million (54th)Argentina’s population is approximately 1.78 times larger than Australia’s.
Surface area (sq. km) source (2022 data), updated 20242.78 million sq. km (8th)7.74 million sq. km (6th)Australia is 2.78 times larger than Argentina in area.
GDP source (2022 data), updated 2024631.13B USD (22nd)1,692.96B USD (12th)Australia’s total GDP is approximately 2.68 times larger than Argentina’s.
GDP per capita source (2022 data), updated 2024$13,651 (64th)65,100 USD (13th)Argentina’s GDP per capita is roughly 79% lower than Australia’s, with Argentinians producing about $51,449 less per person annually.

Economic Indexes

IndexArgentina Flag of ArgentinaAustralia Flag of Australia %28converted%29Comparison
HDI (Human Development Index) source (2022 data), updated 20240.849 (48th)0.946 (10th)Argentina’s HDI is 0.849 (high), while Australia’s is 0.946 (very high). Australia’s score is 0.097 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)49.9 (132nd)76.2 (12th)Argentina’s Index of Economic Freedom is 35.3% lower than Australia’s, 26.3 points less.
GINI source (2022 data), updated 202442 (2021 est.)34.3 (2018 est.)With a 20% higher Gini coefficient, Argentina has a higher degree of income inequality than Australia.

International trade source(2023 data), updated 2024

IndicatorArgentina Flag of ArgentinaAustralia Flag of Australia %28converted%29
Total imports92.57B USD363.57B
Imports % of GDP15.35%19.71%
Main import partnersChina 21%, Brazil 20%, US 14%, Germany 3%, Paraguay 2%China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%
Main import itemsrefined petroleum, vehicle parts/accessories, natural gas, fertilizers, carsrefined petroleum, cars, garments, trucks, plastic products
Total exports83.36B USD447.51B
Exports % of GDP16.30%25.43%
Main export PartnersBrazil 15%, China 9%, US 8%, Chile 6%, India 5%China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%
Main export itemssoybean meal, corn, soybean oil, wheat, truckscoal, iron ore, natural gas, gold, wheat

Argentina’s imports are about a quarter of Australia’s, and Argentina imports 22% less of its GDP compared to Australia. Argentina’s exports are only 18.6% of Australia’s, focusing on basic goods, while Australia exports more advanced resources.

Military Power source (2023 data), updated 2024

IndicatorArgentina Flag of ArgentinaAustralia Flag of Australia %28converted%29
Military expenditure3.1B USD32.3B USD
Military expenditure (% of GDP)0.41%1.90%
Active military72k59k
Active military per 1,000 capita2.33.8

Australia’s military expenditure is over ten times larger than Argentina’s at $32.34 billion compared to $3.12 billion, and it allocates a significantly higher percentage of its GDP to defense at 1.90% versus Argentina’s 0.41%.

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