Real General Government Final Consumption Expenditure for Argentina
NCGGRNSAXDCARQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,180.40
Year-over-Year Change
-2.27%
Date Range
1/1/2004 - 1/1/2025
Summary
The Real General Government Final Consumption Expenditure for Argentina measures the inflation-adjusted spending by the Argentine government on goods and services. This metric is crucial for economists and policymakers to assess the fiscal health and economic performance 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
This series represents the total real (inflation-adjusted) expenditures made by the general government of Argentina on final consumption of goods and services. It is an important indicator of the government's role in the domestic economy and can provide insights into fiscal policy, public service delivery, and economic growth.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts statistics.
Historical Context
Analysts and policymakers use this metric to evaluate the government's role in the Argentine economy and the potential impact of fiscal policy decisions.
Key Facts
- The data is reported quarterly in constant 2015 Argentine pesos.
- Argentina's government consumption expenditure averaged 17.4% of GDP from 2010 to 2020.
- Real government consumption grew by 0.4% in 2021 after contracting 2.0% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real (inflation-adjusted) expenditures made by the general government of Argentina on the final consumption of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess the fiscal health and economic performance of Argentina, as it provides insights into the government's role in the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to evaluate the government's role in the Argentine economy and the potential impact of fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with some potential for delays in publication.
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Citation
U.S. Federal Reserve, Real General Government Final Consumption Expenditure for Argentina (NCGGRNSAXDCARQ), retrieved from FRED.