Argentina's goods and services expense (current LCU) was 3.61 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 6,950% from 51.17 billion in 2014 (53.04% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.61 trillion | 2024 |
| Five years earlier | 172.61 billion | 2019 |
| Ten years earlier | 51.17 billion | 2014 |
| Highest | 3.61 trillion | 2024 |
| Lowest | 502.4 million | 1990 |
| Average since 2015 | 700.75 billion | 2015–2024 |
| First recorded | 502.4 million |
What the numbers say
In 2024, Argentina's goods and services expense (current LCU) rose 138.4% on 2023 (from 1.51 trillion to 3.61 trillion).
Across the 23 yearly changes before that (1991 to 2023), the average change was +33.2% and a typical year strayed about 52.3% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 216.4% in 1991 and the biggest yearly fall was 18.5% in 2000. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 276.81 billion a year. A straight line explains 57% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Argentina had the 10th highest value of the 89 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 2024 ranking
What this measures
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 26 values
| Year | Goods and services expense (current LCU) |
|---|---|
| 2024 | 3,607,774,543,208 |
| 2023 | 1,513,219,191,312 |
| 2022 | 647,298,159,460 |
| 2021 | 465,183,882,484 |
| 2020 | 227,825,770,697 |
| 2019 | 172,610,126,240 |
| 2018 | 118,094,200,000 |
| 2017 | 102,277,300,000 |
| 2016 | 83,995,500,000 |
| 2015 | 69,223,500,000 |
Goods and services expense (current LCU) in nearby economies
- Bahamas, The — 561.44 million (2024)
- Barbados — 435.7 million (2016)
- Belize — 214.78 million (2017)
- Brazil — 82.27 billion (2024)
- Chile — 6.03 trillion (2024)
- Colombia — 47.56 trillion (2024)
- Costa Rica — 1.66 trillion (2024)
- Dominican Republic — 260.06 billion (2024)
- Ecuador — 8.69 billion (2022)
- El Salvador — 2.32 billion (2024)
More public sector data for Argentina
- Military expenditure (current LCU) — 4.82 trillion (2025)
- Military expenditure (% of GDP) — 0.56% (2025)
- Arms imports (SIPRI trend indicator values) — 108 million (2025)
- Military expenditure (current USD) — 3.88 billion (2025)
- Grants and other revenue (current LCU) — 8.18 trillion (2024)
- Grants and other revenue (% of revenue) — 8.29% (2024)
- Social contributions (current LCU) — 29.54 trillion (2024)
- Social contributions (% of revenue) — 29.96% (2024)
- Revenue, excluding grants (current LCU) — 98.45 trillion (2024)
- Revenue, excluding grants (% of GDP)
Reading data like this
Questions people ask
- What is Argentina's goods and services expense (current LCU)?
- 3.61 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 718,008% from 502.4 million in 1990 (29.84% a year on average, compounded). The highest value was 3.61 trillion in 2024 and the lowest 502.4 million in 1990.
- How does Argentina rank?
- 10th highest of 89 economies with data for 2024.
- Is the latest change in goods and services expense (current LCU) unusual for Argentina?
- In 2024, Argentina's goods and services expense (current LCU) rose 138.4% on 2023 (from 1.51 trillion to 3.61 trillion). Across the 23 yearly changes before that (1991 to 2023), the average change was +33.2% and a typical year strayed about 52.3% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator GC.XPN.GSRV.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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