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

Argentina and Iraq present a fascinating comparison across various indicators. Argentina’s population is slightly larger, while its land area dwarfs Iraq’s by over six times. Economically, Argentina’s GDP is nearly two and a half times greater, and it enjoys significantly higher economic freedom. However, Iraq invests more in its military and relies heavily on oil exports.

Basic Indicators

IndicatorArgentina Flag of ArgentinaIraq Flag of IraqComparison
Population source (2022 data), updated 202446.23 million (32nd)44.50 million (34th)Argentina’s population is slightly larger than Iraq’s, with Argentina having approximately 1.04 times the population of Iraq.
Surface area (sq. km) source (2022 data), updated 20242.78 million sq. km (8th)0.44 million sq. km (58th)Argentina is 6.32 times larger than Iraq.
GDP source (2022 data), updated 2024631.13B USD (22nd)264.18B USD (47th)Argentina’s total GDP is approximately 2.39 times larger than Iraq’s.
GDP per capita source (2022 data), updated 2024$13,651 (64th)5,937 USD (104th)Argentina’s GDP per capita is roughly 130% higher than Iraq’s, with Argentinians producing about $7,713.41 more per person annually.

Economic Indexes

IndexArgentina Flag of ArgentinaIraq Flag of IraqComparison
HDI (Human Development Index) source (2022 data), updated 20240.849 (48th)0.673 (119th)Argentina’s HDI is 0.849 (high), while Iraq’s is 0.673 (medium). Argentina’s score is 0.176 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)49.9 (132nd)unranked ()Argentina’s Index of Economic Freedom is 49.9, while Iraq is unranked, indicating that Argentina’s economic freedom is significantly higher, with a difference of 49.9 points.
GINI source (2022 data), updated 202442 (2021 est.)29.5 (2012 est.)Argentina has a higher degree of income inequality than Iraq.

International trade source(2023 data), updated 2024

IndicatorArgentina Flag of ArgentinaIraq Flag of Iraq
Total imports92.57B USD69.16B
Imports % of GDP15.35%25.40%
Main import partnersChina 21%, Brazil 20%, US 14%, Germany 3%, Paraguay 2%UAE 32%, China 21%, Turkey 20%, India 4%, South Korea 2%
Main import itemsrefined petroleum, vehicle parts/accessories, natural gas, fertilizers, carsrefined petroleum, broadcasting equipment, cars, jewelry, garments
Total exports83.36B USD127.08B
Exports % of GDP16.30%46.56%
Main export PartnersBrazil 15%, China 9%, US 8%, Chile 6%, India 5%India 32%, China 28%, US 8%, South Korea 7%, Greece 5%
Main export itemssoybean meal, corn, soybean oil, wheat, truckscrude petroleum, refined petroleum, gold, petroleum coke, natural gas

Argentina’s imports are 33% higher than Iraq’s, but it spends 40% less of its GDP on imports compared to Iraq. Argentina’s exports are $83.36B, mainly grains, while Iraq’s at $127.08B focus on oil and gas, making Iraq’s economy more reliant on exports.

Military Power source (2023 data), updated 2024

IndicatorArgentina Flag of ArgentinaIraq Flag of Iraq
Military expenditure3.1B USD5.1B USD
Military expenditure (% of GDP)0.41%1.67%
Active military72k193k
Active military per 1,000 capita2.38.5

Iraq’s military expenditure is approximately 63% larger than Argentina’s at $5.1 billion compared to $3.1 billion, and Iraq allocates a significantly higher percentage of its GDP to defense at 1.67% versus Argentina’s 0.41%.

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