Purchasing Power Parity over GDP for Argentina
PPPTTLARA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
138.91%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity over GDP for Argentina measures the relative purchasing power of the Argentine peso compared to the U.S. dollar, which is an important economic indicator for analysts and policymakers.
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
This metric represents the exchange rate that would equalize the purchasing power of different currencies, adjusting for price level differences between Argentina and the United States. It is used to compare economic productivity and living standards across countries.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
Purchasing power parity is relevant for understanding international trade, foreign investment, and economic competitiveness.
Key Facts
- Argentina's PPP over GDP was 0.31 in 2021.
- PPP adjusts for price level differences between countries.
- PPP is used to compare living standards across nations.
FAQs
Q: What does this economic trend measure?
A: This metric measures the relative purchasing power of the Argentine peso compared to the U.S. dollar, adjusting for price level differences between the two countries.
Q: Why is this trend relevant for users or analysts?
A: Purchasing power parity is an important indicator for comparing economic productivity, living standards, and international competitiveness across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Purchasing power parity is relevant for understanding international trade, foreign investment, and a country's economic competitiveness on the global stage.
Q: Are there update delays or limitations?
A: The data has a typical update delay of 1-2 years and may not fully capture short-term exchange rate fluctuations.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Argentina (PPPTTLARA618NUPN), retrieved from FRED.