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Argentina - Gross domestic product based on purchasing-power-parity in current prices

915.13 (billion international dollars) in 2018

In 2018, GDP based on PPP for Argentina was 915.13 billion international dollars. GDP based on PPP of Argentina increased from 433.19 billion international dollars in 1999 to 915.13 billion international dollars in 2018 growing at an average annual rate of 4.21 %.

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What is GDP based on PPP?

GDP (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or "numeraire" currency.

What is Argentina GDP based on PPP?

Date Value Change, %
2018 915.13 -0.32 %
2017 918.03 4.62 %
2016 877.49 -1.01 %
2015 886.44 3.83 %
2014 853.75 -0.67 %
2013 859.49 4.20 %
2012 824.83 0.87 %
2011 817.70 8.22 %
2010 755.60 11.41 %
2009 678.22 -5.20 %
2008 715.44 6.08 %
2007 674.42