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

In comparing Argentina and Nigeria, we see striking contrasts: Nigeria’s population is nearly 5 times larger, while Argentina covers 3 times more land. Economically, Argentina’s GDP is 1.34 times greater, but its GDP per capita is over 5 times higher. Argentina’s imports and exports surpass Nigeria’s, reflecting different economic focuses.

Basic Indicators

Indicator	Argentina	Nigeria	Comparison
Population source (2022 data), updated 2024	46.23 million (32nd)	218.54 million (6th)	Nigeria’s population is approximately 4.73 times larger than Argentina’s.
Surface area (sq. km) source (2022 data), updated 2024	2.78 million sq. km (8th)	0.92 million sq. km (30th)	Argentina is 3 times larger than Nigeria.
GDP source (2022 data), updated 2024	631.13B USD (22nd)	472.62B USD (30th)	Argentina’s total GDP is approximately 1.34 times larger than Nigeria’s.
GDP per capita source (2022 data), updated 2024	$13,651 (64th)	2,163 USD (145th)	Argentina’s GDP per capita is roughly 532% higher than Nigeria’s, with Argentinians producing about $11,487.97 more per person annually.

Economic Indexes

Index	Argentina	Nigeria	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.849 (48th)	0.548 (147th)	Argentina’s HDI is 0.849 (high), while Nigeria’s is 0.548 (medium). Argentina’s score is 0.301 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	49.9 (132nd)	53.1 (115th)	Argentina’s Index of Economic Freedom is 6.4% lower than Nigeria’s, 3.2 points less.
GINI source (2022 data), updated 2024	42 (2021 est.)	35.1 (2018 est.)	With a 20% higher Gini coefficient, Argentina has a higher degree of income inequality than Nigeria.

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

Indicator	Argentina	Nigeria
Total imports	92.57B USD	72.25B
Imports % of GDP	15.35%	13.76%
Main import partners	China 21%, Brazil 20%, US 14%, Germany 3%, Paraguay 2%	China 32%, Belgium 11%, Netherlands 10%, India 8%, US 5%
Main import items	refined petroleum, vehicle parts/accessories, natural gas, fertilizers, cars	refined petroleum, wheat, garments, plastics, cars
Total exports	83.36B USD	60.26B
Exports % of GDP	16.30%	13.78%
Main export Partners	Brazil 15%, China 9%, US 8%, Chile 6%, India 5%	Spain 13%, India 12%, France 7%, US 7%, Netherlands 6%
Main export items	soybean meal, corn, soybean oil, wheat, trucks	crude petroleum, natural gas, fertilizers, refined petroleum, gold

Argentina’s imports are 28% higher than Nigeria’s, and Argentina imports 11.6% more of its GDP compared to Nigeria. Argentina’s exports are 38% higher than Nigeria’s, focusing on agricultural products, while Nigeria leans on oil and gas.

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

Indicator	Argentina	Nigeria
Military expenditure	3.1B USD	3.2B USD
Military expenditure (% of GDP)	0.41%	0.64%
Active military	72k	143k
Active military per 1,000 capita	2.3	1.1

Nigeria’s military expenditure is slightly higher at $3.19 billion compared to Argentina’s $3.12 billion, and Nigeria allocates a larger percentage of its GDP to defense at 0.64%, compared to Argentina’s 0.41%.