Argentina - Purchasing power parity conversion factor for private consumption

10.8 (LCU per international dollars) in 2017

In 2017, PPP for private consumption for Argentina was 10.8 LCU per international dollars. PPP for private consumption of Argentina increased from 3.2 LCU per international dollars in 2011 to 10.8 LCU per international dollars in 2017 growing at an average annual rate of 23.46%.

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What is PPP for private consumption?

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).

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What is Argentina PPP for private consumption?