Purchasing Power Parity, Share of World for Argentina
ARGPPPSH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
-29.14%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'Purchasing Power Parity, Share of World for Argentina' trend measures Argentina's economic size relative to the global economy. It is an important indicator for evaluating Argentina's economic performance and international influence.
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
Purchasing power parity (PPP) is an economic theory that compares different countries' currencies through a 'basket' of goods. The PPP share of world metric assesses Argentina's economic weight compared to the entire world, providing insights into its economic standing and potential.
Methodology
The data is calculated by the World Bank using price surveys and national accounts statistics.
Historical Context
Policymakers and analysts use this PPP share metric to gauge Argentina's economic clout and development relative to global trends.
Key Facts
- Argentina's PPP share of world was 0.66% in 2021.
- Argentina's PPP share has declined from a high of 1.07% in 1980.
- The PPP share metric adjusts for cost-of-living differences across countries.
FAQs
Q: What does this economic trend measure?
A: The 'Purchasing Power Parity, Share of World for Argentina' metric assesses the size of Argentina's economy relative to the global economy, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This PPP share trend provides important insights into Argentina's economic standing and influence on the world stage, which is highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this PPP share metric to gauge Argentina's economic clout and development relative to global trends, informing decisions around trade, investment, and geopolitical strategy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not reflect the current economic situation. Additionally, PPP comparisons can be affected by differences in data collection and methodologies across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity, Share of World for Argentina (ARGPPPSH), retrieved from FRED.