Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Argentina
PC2GDPARA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,589.00
Year-over-Year Change
79.62%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted GDP per capita for Argentina. It provides insights into the relative standard of living and productivity levels in the country compared to others.
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 PPP-adjusted GDP per capita is a key metric used by economists to compare the economic output and living standards across countries, adjusting for differences in price levels. This allows for more accurate comparisons of real incomes and purchasing power.
Methodology
The data is collected and calculated by the World Bank using the Geary-Khamis method to derive PPP conversion factors.
Historical Context
This metric is widely used by policymakers, analysts, and international institutions to assess economic development and living standards.
Key Facts
- Argentina's GDP per capita in PPP terms was $20,501 in 2021.
- Argentina's PPP-adjusted GDP per capita is around 48% of the U.S. level.
- Argentina's ranking on the PPP-adjusted GDP per capita metric was 64th globally in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted GDP per capita for Argentina, providing insights into the country's relative standard of living and productivity levels.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita is a key metric used to compare economic output and living standards across countries, allowing for more accurate comparisons of real incomes and purchasing power.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using the Geary-Khamis method to derive PPP conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, analysts, and international institutions to assess economic development and living standards across countries.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and revisions by the World Bank, and may have some time lags compared to the most recent economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Argentina (PC2GDPARA620NUPN), retrieved from FRED.