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

In comparing Argentina and Norway, we see a striking contrast: Argentina’s population is about 8.5 times larger, while its land area is 4.48 times bigger. Economically, Argentina’s GDP is slightly larger, yet its GDP per capita is significantly lower. Norway outpaces Argentina in military spending and exports, emphasizing energy over agriculture.

Basic Indicators

Indicator	Argentina	Norway	Comparison
Population source (2022 data), updated 2024	46.23 million (32nd)	5.46 million (114th)	Argentina’s population is approximately 8.5 times larger than Norway’s.
Surface area (sq. km) source (2022 data), updated 2024	2.78 million sq. km (8th)	0.62 million sq. km (42nd)	Argentina is 4.48 times larger than Norway.
GDP source (2022 data), updated 2024	631.13B USD (22nd)	593.35B USD (23rd)	Argentina’s total GDP is approximately 1.07 times larger than Norway’s.
GDP per capita source (2022 data), updated 2024	$13,651 (64th)	108,729 USD (4th)	Argentina’s GDP per capita is roughly 87% lower than Norway’s, with Argentinians producing about $97,078.58 less per person annually.

Economic Indexes

Index	Argentina	Norway	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.849 (48th)	0.966 (2nd)	Argentina’s HDI is 0.849 (high), while Norway’s is 0.966 (very high). Norway’s score is 0.117 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	49.9 (132nd)	77.5 (8th)	Argentina’s Index of Economic Freedom is 35.6% lower than Norway’s, 27.6 points less.
GINI source (2022 data), updated 2024	42 (2021 est.)	27.7 (2019 est.)	With a 10% higher Gini coefficient, Argentina has a higher degree of income inequality than Norway.

International trade _{source(2023 data), updated 2024}

Indicator	Argentina	Norway
Total imports	92.57B USD	157.03B
Imports % of GDP	15.35%	27.12%
Main import partners	China 21%, Brazil 20%, US 14%, Germany 3%, Paraguay 2%	Sweden 18%, Germany 11%, China 10%, Denmark 6%, Netherlands 6%
Main import items	refined petroleum, vehicle parts/accessories, natural gas, fertilizers, cars	cars, refined petroleum, ships, garments, nickel
Total exports	83.36B USD	228.63B
Exports % of GDP	16.30%	55.49%
Main export Partners	Brazil 15%, China 9%, US 8%, Chile 6%, India 5%	Germany 27%, UK 21%, France 9%, Belgium 7%, Sweden 6%
Main export items	soybean meal, corn, soybean oil, wheat, trucks	natural gas, crude petroleum, fish, refined petroleum, aluminum

Argentina’s imports are about 59% of Norway’s, and Argentina imports 43% less of its GDP compared to Norway. Argentina’s exports are just over a third of Norway’s, focusing on agriculture, while Norway’s are more than double, mainly in energy.

Military Power _{source (2023 data), updated 2024}

Indicator	Argentina	Norway
Military expenditure	3.1B USD	8.7B USD
Military expenditure (% of GDP)	0.41%	1.64%
Active military	72k	23k
Active military per 1,000 capita	2.3	11.8

Norway’s military expenditure is 177% larger and $5.5 billion higher than Argentina’s, with Norway also allocating a significantly greater percentage of its GDP to defense.