Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Argentina
PGDPUSARA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.16
Year-over-Year Change
21.40%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures Argentina's GDP per capita relative to the United States, adjusted for differences in purchasing power. It provides insights into the comparative living standards and economic development between the two countries.
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 GDP Per Capita Relative to the United States metric compares the GDP per capita of Argentina to that of the U.S., factoring in differences in the cost of living and purchasing power between the two economies. This helps analysts evaluate the relative economic well-being and productivity of the populations.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Historical Context
This metric is used by economists, policymakers, and investors to assess Argentina's economic performance and competitiveness relative to the U.S.
Key Facts
- Argentina's GDP per capita is approximately 24% of the U.S. level.
- This metric has declined from a high of 34% in 1970.
- The G-K method adjusts for cost-of-living differences between countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Argentina's GDP per capita relative to the United States, adjusted for differences in purchasing power between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the comparative living standards and economic development between Argentina and the U.S., which is useful for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which accounts for price level differences across countries.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and investors to assess Argentina's economic performance and competitiveness relative to the U.S.
Q: Are there update delays or limitations?
A: The data is subject to update delays 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, G-K method, at current prices for Argentina (PGDPUSARA621NUPN), retrieved from FRED.