Argentina vs Ecuador
Two sovereigns, nine shared metrics, one spread gap.
Head to head
| Argentina | Ecuador | |
|---|---|---|
| BT-SFS score | 42.5 | 38.6 |
| Composite rating | B− | B− |
| Fiscal pillar | 65.7 | 59.4 |
| External pillar | 41.2 | 46.1 |
| Macro pillar | 43.1 | 63.8 |
| Institutions pillar | 60.4 | 16.7 |
| Benchmark bond | ARGENT 4.125 35 | ECUA 6.9 35 |
| Spread over Treasuries | 468 bps | 441 bps |
| Yield to worst | 8.83% | 8.56% |
| Duration | 5.3y | 5.1y |
Metric by metric
| Metric | Argentina | Ecuador |
|---|---|---|
| Current account / GDP | -0.8% (60.4) | 5.2% (89.6) |
| International reserves, months of imports | 3.6 mo (26.7) | 2.2 mo (13.3) |
| General government debt / GDP | 70.4% (33.3) | 54.4% (64.6) |
| Interest expense / revenue | 4.5% (81.3) | 3.2% (85.4) |
| Primary balance / GDP | 1.9% (85.4) | -1.7% (22.9) |
| WGI institutional composite | -0.13 (60.4) | -0.65 (16.7) |
| Real GDP growth | 3.5% (57.3) | 2.5% (35.4) |
| GDP per capita, USD | $14,357 (60.4) | $7,575 (43.8) |
| Inflation stress | 30.4% (19.6) | 2.9% (100.0) |
Frequently asked questions
Who has stronger fundamentals, Argentina or Ecuador?
Argentina scores higher on the BT Sovereign Fundamentals Score: 42.5 (Argentina) vs 38.6 (Ecuador), a gap of 4.0 points.
Whose USD bonds trade wider, Argentina or Ecuador?
Argentina trades wider: 468 bps (Argentina) vs 441 bps (Ecuador) over US Treasuries — a 27 bps gap on near-5-year USD benchmarks.
Related
- Argentina — full Argentina profile: pillars, metrics, history.
- Ecuador — full Ecuador profile: pillars, metrics, history.
- All sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — how the scores are built.