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

Indicator	Argentina	Australia	Comparison
Population source (2022 data), updated 2024	46.23 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 2024	2.78 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 2024	631.13B 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

Index	Argentina	Australia	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.849 (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 2024	42 (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}

Indicator	Argentina	Australia
Total imports	92.57B USD	363.57B
Imports % of GDP	15.35%	19.71%
Main import partners	China 21%, Brazil 20%, US 14%, Germany 3%, Paraguay 2%	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%
Main import items	refined petroleum, vehicle parts/accessories, natural gas, fertilizers, cars	refined petroleum, cars, garments, trucks, plastic products
Total exports	83.36B USD	447.51B
Exports % of GDP	16.30%	25.43%
Main export Partners	Brazil 15%, China 9%, US 8%, Chile 6%, India 5%	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%
Main export items	soybean meal, corn, soybean oil, wheat, trucks	coal, 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}

Indicator	Argentina	Australia
Military expenditure	3.1B USD	32.3B USD
Military expenditure (% of GDP)	0.41%	1.90%
Active military	72k	59k
Active military per 1,000 capita	2.3	3.8

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%.