Nominal Gross Domestic Product for Argentina
NGDPSAXDCARQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
198,107,192.90
Year-over-Year Change
1154.80%
Date Range
1/1/2004 - 1/1/2025
Summary
The Nominal Gross Domestic Product (GDP) for Argentina measures the total value of all goods and services produced in the country, expressed in current prices. It is a key indicator of economic growth and is closely watched by policymakers and analysts.
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
Nominal GDP is a comprehensive measure of a country's overall economic activity and production. It is used to track changes in the size and performance of the Argentine economy over time, and to compare it to other countries. Economists and policymakers analyze nominal GDP data to assess the health of the economy and inform policy decisions.
Methodology
The data is collected and calculated by the Argentine national statistical agency based on surveys and economic data.
Historical Context
Nominal GDP is an important metric for monitoring and managing Argentina's economic and fiscal policies.
Key Facts
- Argentina's nominal GDP was over $400 billion in 2021.
- Nominal GDP growth in Argentina averaged 36% annually from 2010 to 2020.
- Argentina's nominal GDP per capita was around $9,000 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Nominal Gross Domestic Product (GDP) for Argentina measures the total value of all goods and services produced in the country, expressed in current prices.
Q: Why is this trend relevant for users or analysts?
A: Nominal GDP is a key indicator of the overall size and performance of the Argentine economy, and is closely watched by policymakers, investors, and analysts to assess economic growth and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Argentine national statistical agency based on surveys and economic data.
Q: How is this trend used in economic policy?
A: Nominal GDP is an important metric for monitoring and managing Argentina's economic and fiscal policies, as it provides a comprehensive measure of the country's overall economic activity and production.
Q: Are there update delays or limitations?
A: The nominal GDP data for Argentina may be subject to periodic revisions and updates, and there may be some delays in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Nominal Gross Domestic Product for Argentina (NGDPSAXDCARQ), retrieved from FRED.