Gross Domestic Product Deflator for Argentina
Annual, Not Seasonally Adjusted
NGDPDIXARA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,272.73
Year-over-Year Change
21890.11%
Date Range
1/1/2004 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted (NGDPDIXARA) series measures the year-over-year change in the U.S. Gross Domestic Product Implicit Price Deflator, a key indicator of overall price inflation in the 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 GDP Implicit Price Deflator is a comprehensive measure of the prices of all goods and services that make up GDP. It is used to adjust nominal GDP for inflation, providing a more accurate picture of real economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on GDP components.
Historical Context
Policymakers and economists closely monitor changes in the GDP deflator to assess broader inflationary pressures and make informed decisions.
Key Facts
- The GDP deflator covers a broader range of prices than the Consumer Price Index (CPI).
- The deflator accounts for changes in consumer behavior and product substitution.
- Nominal GDP growth minus the GDP deflator equals real GDP growth.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted (NGDPDIXARA) series measures the year-over-year change in the U.S. Gross Domestic Product Implicit Price Deflator, a comprehensive indicator of overall price inflation in the economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP deflator is a crucial metric for economists and policymakers to assess broader inflationary pressures and their impact on real economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on the components of GDP.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor changes in the GDP deflator to make informed decisions about monetary and fiscal policy, as it provides a comprehensive view of overall price inflation in the economy.
Q: Are there update delays or limitations?
A: The GDP deflator data is released quarterly by the Bureau of Economic Analysis, with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NGDPDIXARA), retrieved from FRED.