Argentina - PPP conversion factor

PPP conversion factor, GDP (LCU per international $)

The value for PPP conversion factor, GDP (LCU per international $) in Argentina was 29.16 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 29.16 in 2020 and a minimum value of 0.29 in 1990.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.29
1991 0.68
1992 0.78
1993 0.73
1994 0.74
1995 0.74
1996 0.73
1997 0.71
1998 0.69
1999 0.67
2000 0.66
2001 0.64
2002 0.83
2003 0.90
2004 1.03
2005 1.10
2006 1.22
2007 1.36
2008 1.65
2009 1.89
2010 2.26
2011 2.73
2012 3.22
2013 3.94
2014 5.45
2015 6.87
2016 9.29
2017 10.26
2018 14.23
2019 21.09
2020 29.16

Price level ratio of PPP conversion factor (GDP) to market exchange rate

The value for Price level ratio of PPP conversion factor (GDP) to market exchange rate in Argentina was 0.413 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 0.783 in 1992 and a minimum value of 0.258 in 2002.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States. PPP conversion factors are based on the 2011 ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 0.603
1991 0.717
1992 0.783
1993 0.732
1994 0.736
1995 0.744
1996 0.730
1997 0.714
1998 0.694
1999 0.671
2000 0.663
2001 0.642
2002 0.258
2003 0.304
2004 0.350
2005 0.377
2006 0.396
2007 0.437
2008 0.518
2009 0.504
2010 0.575
2011 0.665
2012 0.666
2013 0.650
2014 0.627
2015 0.686
2016 0.630
2017 0.619
2018 0.506
2019 0.437
2020 0.413

PPP conversion factor, private consumption (LCU per international $)

The value for PPP conversion factor, private consumption (LCU per international $) in Argentina was 10.81 as of 2017. As the graph below shows, over the past 6 years this indicator reached a maximum value of 10.81 in 2016 and a minimum value of 3.16 in 2011.

Definition: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for private consumption (i.e., household final consumption expenditure). For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
2011 3.16
2012 3.66
2013 4.56
2014 6.36
2015 7.95
2016 10.81
2017 10.81

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity