Between 2008 and 2021, Argentina's purchasing power parity increased significantly. In 2008, the PPP was approximately 1.65 NCU per U.S. dollars, whereas it reached 43.14 NCU in 2021. In recent years, Argentina has been facing soaring inflation rates and a massive fiscal deficit, leaving the country in a deep economic crisis.
Purchasing power parity indicates the number of units in the national currency (NCU) needed to buy the same amount of goods and services in a given country compared to those needed in the United States. This conversion aims to equalize the purchasing power among countries, by eliminating the differences in prices.
Purchasing power parity (PPP) in Argentina from 2008 to 2021
(NCU per U.S. dollar)
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OECD. (August 13, 2022). Purchasing power parity (PPP) in Argentina from 2008 to 2021 (NCU per U.S. dollar) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1331174/purchasing-power-parity-in-argentina/
OECD. "Purchasing power parity (PPP) in Argentina from 2008 to 2021 (NCU per U.S. dollar)." Chart. August 13, 2022. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1331174/purchasing-power-parity-in-argentina/
OECD. (2022). Purchasing power parity (PPP) in Argentina from 2008 to 2021 (NCU per U.S. dollar). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1331174/purchasing-power-parity-in-argentina/
OECD. "Purchasing Power Parity (Ppp) in Argentina from 2008 to 2021 (Ncu per U.S. Dollar)." Statista, Statista Inc., 13 Aug 2022, https://www.statista.com/statistics/1331174/purchasing-power-parity-in-argentina/
OECD, Purchasing power parity (PPP) in Argentina from 2008 to 2021 (NCU per U.S. dollar) Statista, https://www.statista.com/statistics/1331174/purchasing-power-parity-in-argentina/ (last visited October 31, 2024)
Purchasing power parity (PPP) in Argentina from 2008 to 2021 (NCU per U.S. dollar) [Graph], OECD, August 13, 2022. [Online]. Available: https://www.statista.com/statistics/1331174/purchasing-power-parity-in-argentina/
