They are also one of only four countries to have won the Olympic gold medal and FIBA World Cup joining the Soviet Union, the United States of America, and Yugoslavia.

Due to the series of good results since the beginning of the 2000s, Argentina reached the first position in the FIBA Men's Ranking at the end of the 2008 Olympic Games.

In 1950 Argentina won its first and only World Championship to date, with a squad formed entirely of amateur players, after defeating France (twice), Brazil, Chile, Egypt and the United States in the decisive match.

With the creation of the Liga Nacional de Básquet in the mid-1980s, a new generation of players led Argentina to a moderate success in the 1986 World Championship where the squad defeated United States for the first time.

[12][13] When Nike became official sponsor through its brand Air Jordan, the Argentina jersey returned to a simple white color scheme.

In July 2017, the Argentine Basketball Confederation announced that numbers 5 and 13 would be retired since the 2017 edition of FIBA AmeriCup and for the rest of championships played by the senior team from then on.