Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Argentina
PGD2USARA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.33
Year-over-Year Change
22.22%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Argentina's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides important insights into the comparative economic well-being of Argentina's 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 PPP-adjusted GDP per capita metric accounts for differences in cost of living between countries, offering a more accurate comparison of material living standards. This data point is widely used by economists and policymakers to evaluate economic development and competitiveness.
Methodology
The data is calculated using the Geary-Khamis method based on national accounts and price surveys.
Historical Context
This indicator informs discussions around trade, foreign investment, and international economic policy.
Key Facts
- Argentina's GDP per capita is approximately 25% of the US level.
- Argentina's relative economic output has declined over the past two decades.
- PPP adjustment accounts for cost of living differences between countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Argentina's GDP per capita adjusted for purchasing power parity (PPP) relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: The PPP-adjusted GDP per capita metric provides a more accurate comparison of living standards and economic development between countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis method based on national accounts and price surveys.
Q: How is this trend used in economic policy?
A: This indicator informs discussions around trade, foreign investment, and international economic policy.
Q: Are there update delays or limitations?
A: The data is published with a lag and may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Argentina (PGD2USARA621NUPN), retrieved from FRED.