General Government Revenue for Argentina
ARGGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.35
Year-over-Year Change
4.57%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Revenue for Argentina measures the total revenue collected by the Argentine government, including taxes and other sources. This metric is crucial for understanding the fiscal health and policy priorities of the country.
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
General government revenue is a comprehensive measure of the income sources for the public sector in Argentina, including national, regional, and local governments. It reflects the government's ability to raise funds and finance public expenditures, which is a key consideration for policymakers and investors.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
This indicator is widely used by economists, policymakers, and financial analysts to assess Argentina's fiscal position and economic stability.
Key Facts
- Argentina's general government revenue was 25.5% of GDP in 2021.
- Tax revenue accounts for the majority of Argentina's government income.
- Stable and sufficient government revenue is crucial for financing public services and infrastructure.
FAQs
Q: What does this economic trend measure?
A: The General Government Revenue for Argentina measures the total income collected by the national, regional, and local governments in the country, including taxes, social contributions, and other revenue sources.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding Argentina's fiscal position and the government's ability to fund public expenditures, which has significant implications for economic stability, policymaking, and investor confidence.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this indicator to assess Argentina's fiscal health, evaluate the government's policy priorities, and make informed decisions about economic and financial policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the IMF, but there may be some delays in reporting and potential limitations in data collection or coverage.
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Citation
U.S. Federal Reserve, General Government Revenue for Argentina (ARGGGRGDP), retrieved from FRED.