According to the International Monetary Fund (IMF), real GDP of Argentina is forecast to grow by 3.0 percent in 2023 and 2.8 percent in 2024.
1) Real GDP growth rate: 2010 – 10.1 percent, 2011 – 6.0 percent, 2012 – -1.0 percent, 2013 – 2.4 percent, 2014 – -2.5 percent, 2015 – 2.7 percent, 2016 – -2.1 percent, 2017 – 2.8 percent, 2018 – -2.6 percent, 2019 – -2.0 percent, 2020 – -9.9 percent, 2021 – 10.2 percent and 2022 – 4.0 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2023 – 3.0 percent, 2024 – 2.8 percent, 2025 – 2.0 percent, 2026 – 2.0 percent and 2027 – 2.0 percent.
3) Nominal GDP in current prices, billions of Argentine peso (code: ARS; sign: $): 2010 – $1,661.721 billion, 2011 – $2,179.024 billion, 2012 – $2,637.914 billion, 2013 – $3,348.308 billion, 2014 – $4,579.086 billion, 2015 – $5,954.511 billion, 2016 – $8,228.160 billion, 2017 – $10,660.228 billion, 2018 – $14,744.811 billion, 2019 – $21,802.256 billion, 2020 – $27,481.440 billion, 2021 – $46,463.023 billion and 2022 – $70,522.815 billion.
4) Projected nominal GDP in current prices, billions of Argentine peso: 2023 – $100,131.529 billion, 2024 – $137,625.802 billion, 2025 – $182,018.957 billion, 2026 – $232,393.149 billion and 2027 – $284,899.212 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $424.729 billion, 2011 – $527.644 billion, 2012 – $579.666 billion, 2013 – $611.471 billion, 2014 – $563.614 billion, 2015 – $642.464 billion, 2016 – $556.774 billion, 2017 – $643.861 billion, 2018 – $524.431 billion, 2019 – $451.815 billion, 2020 – $389.064 billion, 2021 – $488.605 billion and 2022 – $564.277 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2023 – $573.633 billion, 2024 – $573.964 billion, 2025 – $587.988 billion, 2026 – $616.405 billion and 2027 – $646.202 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $736.799 billion, 2011 – $797.264 billion, 2012 – $819.698 billion, 2013 – $849.616 billion, 2014 – $839.897 billion, 2015 – $867.177 billion, 2016 – $885.228 billion, 2017 – $1,039.331 billion, 2018 – $1,036.305 billion, 2019 – $1,033.474 billion, 2020 – $942.430 billion, 2021 – $1,081.721 billion and 2022 – $1,195.581 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2023 – $1,268.425 billion, 2024 – $1,335.392 billion, 2025 – $1,390.024 billion, 2026 – $1,445.718 billion and 2027 – $1,503.900 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $10,413.0, 2011 – $12,787.8, 2012 – $13,889.8, 2013 – $14,488.8, 2014 – $13,208.8, 2015 – $14,895.3, 2016 – $12,772.9, 2017 – $14,618.3, 2018 – $11,786.4, 2019 – $10,054.0, 2020 – $8,571.9, 2021 – $10,658.5 and 2022 – $12,187.3.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2023 – $12,266.7, 2024 – $12,152.3, 2025 – $12,325.9, 2026 – $12,793.7 and 2027 – $13,279.3.
11) GDP PPP per capita in current prices, international dollars: 2010 – $18,063.9, 2011 – $19,322.2, 2012 – $19,641.4, 2013 – $20,131.7, 2014 – $19,683.8, 2015 – $20,105.2, 2016 – $20,307.9, 2017 – $23,597.1, 2018 – $23,290.6, 2019 – $22,997.4, 2020 – $20,763.8, 2021 – $23,596.7 and 2022 – $25,822.3.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2023 – $27,124.3, 2024 – $28,273.6, 2025 – $29,138.9, 2026 – $30,006.4 and 2027 – $30,904.9.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 0.8 percent, 2011 – 0.8 percent, 2012 – 0.8 percent, 2013 – 0.8 percent, 2014 – 0.8 percent, 2015 – 0.8 percent, 2016 – 0.8 percent, 2017 – 0.8 percent, 2018 – 0.8 percent, 2019 – 0.8 percent, 2020 – 0.7 percent, 2021 – 0.7 percent and 2022 – 0.7 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2023 – 0.7 percent, 2024 – 0.7 percent, 2025 – 0.7 percent, 2026 – 0.7 percent and 2027 – 0.7 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 120.9 percent, 2011 – 123.7 percent, 2012 – 122.3 percent, 2013 – 123.9 percent, 2014 – 140.3 percent, 2015 – 126.6 percent, 2016 – 141.1 percent, 2017 – 126.0 percent, 2018 – 142.0 percent, 2019 – 150.9 percent, 2020 – 139.9 percent, 2021 – 153.4 percent and 2022 – 145.9 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2023 – 137.8 percent, 2024 – 133.8 percent, 2025 – 129.7 percent, 2026 – 125.2 percent and 2027 – 120.2 percent.
17) Ratio of the average price level in Argentina to the average price level in the United States, percent: 2010 – 57.6 percent, 2011 – 66.2 percent, 2012 – 70.7 percent, 2013 – 72.0 percent, 2014 – 67.1 percent, 2015 – 74.1 percent, 2016 – 62.9 percent, 2017 – 61.9 percent, 2018 – 50.6 percent, 2019 – 43.7 percent, 2020 – 41.3 percent, 2021 – 45.2 percent and 2022 – 47.2 percent.
18) Projected ratio of the average price level in Argentina to the average price level in the United States, percent: 2023 – 45.2 percent, 2024 – 43.0 percent, 2025 – 42.3 percent, 2026 – 42.6 percent and 2027 – 43.0 percent.
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by