Argentina's external balance on goods and services (constant LCU) was -48.32 billion in 2025, the latest year in the World Bank's World Development Indicators. That is down 17.48% from -41.13 billion in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -48.32 billion | 2025 |
| Five years earlier | -5.45 billion | 2020 |
| Ten years earlier | -41.13 billion | 2015 |
| Highest | 35.93 billion | 2005 |
| Lowest | -69.55 billion | 2017 |
| Average since 2016 | -36.79 billion | 2016–2025 |
| First recorded | 33.97 billion |
What the numbers say
In 2025, Argentina's external balance on goods and services (constant LCU) fell 35.31 billion on 2024 (from -13 billion to -48.32 billion).
Across the 20 yearly changes before that (2005 to 2024), the average change was −2.35 billion and a typical year strayed about 21.67 billion from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 52.85 billion in 2019 and the biggest yearly fall was 35.31 billion in 2025. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Argentina had the 55th highest value of the 95 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Argentina in the 2025 ranking
- Gambia, The — 52nd of 95: -22.82 billion
- Peru — 53rd of 95: -24.04 billion
- Cabo Verde — 54th of 95: -40.77 billion
- Norway — 56th of 95: -50.34 billion
- Honduras — 57th of 95: -56.9 billion
- Armenia — 58th of 95: -57.66 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 22 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2025 | -48,315,571,100 |
| 2024 | -13,001,878,200 |
| 2023 | -60,138,725,000 |
| 2022 | -42,166,209,400 |
| 2021 | -19,922,121,000 |
| 2020 | -5,449,186,900 |
| 2019 | -6,139,524,600 |
| 2018 | -58,990,778,100 |
| 2017 | -69,553,879,900 |
| 2016 | -44,205,385,900 |
External balance on goods and services (constant LCU) in nearby economies
More economic policy & debt data for Argentina
- Total reserves, including gold (current US$) — US$41 billion (2025)
- Total reserves, excluding gold (current US$) — US$32.33 billion (2025)
- Final consumption expenditure (current US$) — US$580.02 billion (2025)
- Final consumption expenditure (current LCU) — 719.72 trillion (2025)
- Final consumption expenditure (constant 2015 US$) — US$522.52 billion (2025)
- Final consumption expenditure (constant LCU) — 646.27 billion (2025)
- Final consumption expenditure (% of GDP) — 84.91% (2025)
- Gross national expenditure deflator (base year varies by country) — 107,789 (2025)
- Gross national expenditure (current US$)
Reading data like this
Questions people ask
- What is Argentina's external balance on goods and services (constant LCU)?
- -48.32 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2004?
- It is down 242.23% from 33.97 billion in 2004. The highest value was 35.93 billion in 2005 and the lowest -69.55 billion in 2017.
- How does Argentina rank?
- 55th highest of 95 economies with data for 2025.
- Is the latest change in external balance on goods and services (constant LCU) unusual for Argentina?
- In 2025, Argentina's external balance on goods and services (constant LCU) fell 35.31 billion on 2024 (from -13 billion to -48.32 billion). Across the 20 yearly changes before that (2005 to 2024), the average change was −2.35 billion and a typical year strayed about 21.67 billion from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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