Fiscal Year Gross Domestic Product for Argentina
ARGNGDPFY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84,843,174,391,532.80
Year-over-Year Change
3116.30%
Date Range
1/1/2011 - 1/1/2024
Summary
The Fiscal Year Gross Domestic Product (GDP) for Argentina measures the total value of goods and services produced in Argentina over a 12-month period. It is a key indicator of 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 Fiscal Year GDP for Argentina represents the country's economic output from July 1 to June 30 of the following year. It is used by economists, policymakers, and investors to analyze Argentina's economic performance and make informed decisions.
Methodology
The data is calculated by Argentina's National Institute of Statistics and Censuses (INDEC) based on surveys and national accounts.
Historical Context
Fiscal Year GDP is used to inform economic policy, monitor growth, and assess Argentina's position in the global market.
Key Facts
- Argentina's Fiscal Year GDP was $443 billion in 2021.
- GDP growth in Argentina was 10.3% in the 2021 fiscal year.
- The service sector accounts for over 60% of Argentina's Fiscal Year GDP.
FAQs
Q: What does this economic trend measure?
A: The Fiscal Year Gross Domestic Product (GDP) for Argentina measures the total value of goods and services produced in the country over a 12-month period from July 1 to June 30 of the following year.
Q: Why is this trend relevant for users or analysts?
A: Fiscal Year GDP is a key indicator of Argentina's economic performance and growth, providing valuable insights for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by Argentina's National Institute of Statistics and Censuses (INDEC) based on surveys and national accounts.
Q: How is this trend used in economic policy?
A: Fiscal Year GDP is used to inform economic policy, monitor growth, and assess Argentina's position in the global market.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential revisions to historical figures by the Argentine government.
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Citation
U.S. Federal Reserve, Fiscal Year Gross Domestic Product for Argentina (ARGNGDPFY), retrieved from FRED.