Argentina and San Marino
Argentina and San Marino maintain social ties through communities resident in both countries. The February 2023 ministerial dialogue reviewed international cooperation and negotiations on education, taxation and social security, as well as consular contacts.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08Bilateral context
Santiago Cafiero and Luca Beccari met in Buenos Aires on 14 February 2023 during an official Sammarinese visit.
Cooperation and bilateral issues
Both highlighted communities of Sammarinese people in Argentina and Argentinians in San Marino as a historical foundation and source of bilateral dynamism.
Cooperation and bilateral issues
Both highlighted communities of Sammarinese people in Argentina and Argentinians in San Marino as a historical foundation and source of bilateral dynamism.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | ||
| Goods: Argentina to San Marino | ||
| Goods: San Marino to Argentina | ||
| Services trade | ||
| Export share: Argentina to San Marino | ||
| Export share: San Marino to Argentina | ||
| Investment stock: Argentina in San Marino | ||
| Investment stock: San Marino in Argentina |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
Some annual indicators refer to different years. Check the period beside each value before comparing them.
| Indicator | Argentina | San Marino |
|---|---|---|
| Nominal GDP | 683.1 billion USD2025 · WB | 2.03 billion USD2023 · WB |
| GDP per capita | 14,898.09 USD2025 · WB | 59,871.33 USD2023 · WB |
| GDP growth | 4.37 %2025 · WB | 0.4 %2023 · WB |
| Policy interest rate | No single rate · BCRA | |
| Inflation · annual average | 41.9 %IMF est.Annual average · 2025 · IMF | 2.3 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 33.5 %Year-on-year · Aug. 2026 · INDEC | |
| Unemployment | 7.15 %ILO est.2025 · WB | |
| Budget balance (% of GDP) | -0.4 %IMF est.2025 · IMF | -1 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 80.3 %IMF est.2025 · IMF | 60.6 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -1.11 %2025 · WB | 21.99 %2023 · WB |
| Population | 45,851,3782025 · WB | 33,8602023 · WB |
| Area | 2,780,400 km²2023 · BM / FAO | |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDArgentina: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- GDP per capita
- Current USD per personArgentina: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- GDP growth
- Annual real change (%)Argentina: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Policy interest rate
- Central bank instrument (%)Argentina: The BCRA abandoned the concept of a single monetary-policy rate under the new monetary-aggregates framework. It is not replaced with TAMAR, BADLAR, court interest rates or the last historical rate. · Central Bank of the Argentine Republic
- Inflation · annual average
- Average annual change in headline CPI (%)Argentina: 2025 · Annual average change in headline CPI (%) · IMF — World Economic Outlook · IMF est. · WEO estimate; not the year-on-year change for December or August 2026. · Alternative official source; verified 2026-10-07San Marino: 2025 · Annual average CPI change (%) · World Bank · Official World Bank series. Observation year, not download date.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedArgentina: 2026-08 · Change in headline CPI from the same month of the previous year (%) · Argentina INDEC · Published: 2026-09-10 · Original INDEC national report; replaces the previous link to its social-media publication without changing the value. Not the monthly change (1.7%) or cumulative change (21.3%).
- Unemployment
- % of the labour force; definition used by the stated institutionArgentina: 2025 · World Bank · ILO est.
- Budget balance
- General government (% of GDP)Argentina: 2025 · IMF — World Economic Outlook · IMF est.San Marino: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Argentina: 2025 · IMF — World Economic Outlook · IMF est.San Marino: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPArgentina: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Population
- PeopleArgentina: 2025 · World BankSan Marino: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Area
- Total area in km²; territorial coverage of the sourceArgentina: 2023 · Total area, including inland waters; source's territorial coverage · World Bank · FAO
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Argentina to San Marino
| Product or sector | Value / share |
|---|---|
San Marino to Argentina
| Product or sector | Value / share |
|---|---|
Connections between people
They reviewed negotiations on tax information, education, social security and consular affairs; the statement does not present those agreements as already concluded. Both highlighted communities of Sammarinese people in Argentina and Argentinians in San Marino as a historical foundation and source of bilateral dynamism. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Argentina living in San Marino | ||
| Residents from San Marino living in Argentina | ||
| Study and training: Argentina in San Marino | ||
| Study and training: San Marino in Argentina | ||
| Academic stays: Argentina in San Marino | ||
| Academic stays: San Marino in Argentina | ||
| Travel: Argentina to San Marino | ||
| Travel: San Marino to Argentina |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
The scale of both economies
Argentina's nominal GDP is 683.1 billion USD (2025), compared with 2 for San Marino (2023). The reference populations are 45.85 and 0.0339 million, respectively. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [2] [3] [4] [5]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Bilateral context
Santiago Cafiero and Luca Beccari met in Buenos Aires on 14 February 2023 during an official Sammarinese visit. They reviewed negotiations on tax information, education, social security and consular affairs; the statement does not present those agreements as already concluded. [1]
Cooperation and bilateral issues
Both highlighted communities of Sammarinese people in Argentina and Argentinians in San Marino as a historical foundation and source of bilateral dynamism. They agreed on the environment, the rule of law, human rights and multilateralism. They agreed to intensify exchanges between foreign ministries and hold political consultations when needed, with a level suited to each occasion. The evidence documents community channels and negotiating priorities, not new social benefits already in force. [1]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — ARG-SMR
cancilleria.gob.ar · Institutional source · Accessed: 2026-10-08
- Official statistics
World Bank · Institutional source · Accessed: 2026-09-17
- NY.GDP.MKTP.CD; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-08
- Official statistics
World Bank · Institutional source · Accessed: 2026-10-06
- SP.POP.TOTL; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-08