Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Argentina
PCDGDPARA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,114.09
Year-over-Year Change
69.51%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita in Argentina. It provides insights into the standard of living and economic well-being of the Argentine population.
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 Purchasing Power Parity Converted Domestic Absorption Per Capita metric adjusts Argentina's domestic consumption and investment for differences in price levels across countries, allowing for more accurate cross-country comparisons of economic activity and standards of living.
Methodology
The data is calculated using the GEKS-CPDW method, which combines national accounts and price data to derive comparable per capita figures.
Historical Context
This trend is useful for policymakers and analysts studying the relative economic performance and development of Argentina compared to other nations.
Key Facts
- Argentina's PPP-adjusted domestic absorption per capita was $17,517 in 2021.
- This metric has grown by an average of 2.4% annually over the past decade.
- Domestic absorption accounts for over 90% of Argentina's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita in Argentina. It reflects the standard of living and economic well-being of the Argentine population.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for more accurate cross-country comparisons of economic activity and standards of living by adjusting for differences in price levels across countries.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which combines national accounts and price data to derive comparable per capita figures.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers and analysts studying the relative economic performance and development of Argentina compared to other nations.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in cross-country comparability due to differences in national accounting practices.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Argentina (PCDGDPARA620NUPN), retrieved from FRED.