Nominal Total Credit to General Government, Adjusted for Breaks, for Argentina
Billions of Argentine Pesos
QARGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
482,096.14
Year-over-Year Change
1147.14%
Date Range
10/1/1992 - 10/1/2024
Summary
The 'Billions of Argentine Pesos' trend measures the total output of goods and services produced in Argentina, adjusting for inflation. This key economic indicator is crucial for understanding Argentina's economic growth and development.
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 'Billions of Argentine Pesos' series represents Argentina's gross domestic product (GDP), which is the total value of all final goods and services produced within the country. GDP is a widely used metric for evaluating the size and performance of a national economy.
Methodology
The data is collected and calculated by Argentina's national statistics agency.
Historical Context
Policymakers and analysts closely monitor Argentina's GDP to assess the country's economic health and guide policy decisions.
Key Facts
- Argentina's GDP was 44.5 trillion pesos in 2021.
- GDP per capita in Argentina was 9,926 pesos in 2021.
- Argentina's economy contracted by 9.9% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Argentine Pesos' trend measures Argentina's gross domestic product (GDP), which is the total value of all goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: Argentina's GDP is a crucial indicator of the country's economic performance and is closely monitored by policymakers, investors, and analysts to assess the health and growth of the Argentine economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Argentina's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers in Argentina use GDP data to guide fiscal and monetary policies aimed at promoting economic growth and stability.
Q: Are there update delays or limitations?
A: The GDP data may be subject to revisions and may not be available in real-time, as it takes time to collect and compile the necessary information.
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Citation
U.S. Federal Reserve, Billions of Argentine Pesos (QARGANXDCA), retrieved from FRED.