Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Argentina
RGDPCHARA625NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,340.33
Year-over-Year Change
31.10%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Argentina, providing insight into the country's economic development and living standards relative to other nations.
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 PPP-converted GDP per capita is a key indicator of a country's economic performance and standard of living. It adjusts the GDP per capita figure to account for differences in purchasing power across countries, allowing for more accurate cross-country comparisons.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess economic progress and inform policy decisions.
Key Facts
- Argentina's PPP-adjusted GDP per capita was $20,590 in 2021.
- This metric has grown by an average of 1.3% per year over the past decade.
- Argentina ranks 53rd globally in PPP-adjusted GDP per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) adjusted GDP per capita for Argentina, providing insight into the country's economic development and living standards relative to other nations.
Q: Why is this trend relevant for users or analysts?
A: The PPP-converted GDP per capita is a key indicator of a country's economic performance and standard of living, allowing for more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to assess economic progress and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated annually with a lag, and may not fully capture rapid economic changes within a given year.
Related Trends
Purchasing Power Parity Converted GDP Per Capita (Chain Series) for the Gambia
RGDPCHGMA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Bahrain
RGDPL2BHA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Cameroon
RGDPL2CMA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Macao
RGDPLPMOA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Cyprus
RGDPLPCYA625NUPN
Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of Consumption, Government Consumption, Investment for Serbia
RGDPLPRSA625NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Argentina (RGDPCHARA625NUPN), retrieved from FRED.