Consumer Price Index: Recreation and Culture (COICOP 09): Total for Argentina
Quarterly
ARGCP090000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,968.39
Year-over-Year Change
490.11%
Date Range
1/1/2017 - 7/1/2023
Summary
The Quarterly trend measures the quarterly percentage change in Argentina's gross domestic product (GDP). This key economic indicator provides insight into the overall health and growth of the Argentine economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Quarterly trend tracks the quarter-over-quarter percent change in Argentina's GDP, a broad measure of the nation's economic output. Economists and policymakers closely monitor this statistic to assess the direction and pace of economic expansion or contraction.
Methodology
The data is collected and calculated by Argentina's national statistics agency.
Historical Context
Quarterly GDP growth is a critical input for fiscal and monetary policy decisions.
Key Facts
- Argentina is Latin America's third-largest economy.
- Quarterly GDP growth averaged 1.1% from 2010-2019.
- The COVID-19 pandemic led to a 9.9% GDP contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the quarter-over-quarter percentage change in Argentina's gross domestic product (GDP), a comprehensive indicator of the country's economic output.
Q: Why is this trend relevant for users or analysts?
A: Quarterly GDP growth is a critical barometer of Argentina's economic health and a key input for policymakers and investors assessing the country's macroeconomic trajectory.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Argentina's national statistics agency.
Q: How is this trend used in economic policy?
A: Quarterly GDP growth figures are closely monitored by the Argentine government, central bank, and international institutions to inform fiscal, monetary, and trade policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly GDP data may be subject to revisions and lags in reporting, as is common with macroeconomic statistics.
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Citation
U.S. Federal Reserve, Quarterly (ARGCP090000IXNBQ), retrieved from FRED.