Argentina vs Mexico: Consumption of Fixed Capital (Agriculture, Forestry and Fishing)
Consumption of Fixed Capital (Agriculture, Forestry and Fishing) over time
- Argentina
- Mexico
How they compare
Mexico currently reports 28,423 million SLC against 26,484 million SLC in Argentina, a difference of 1,939 million SLC.
That makes Mexico's figure about 1.1 times Argentina's.
The two have swapped places 2 times across 29 shared years of data; in 1995 it was Mexico ahead.
Argentina ranks 53rd and Mexico ranks 51st of 181 countries.
Across the 4 decades both report, Argentina averaged higher in 2 and Mexico in 2.
Head to head by decade
| Decade | Argentina | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22,292 million SLC | 50,348 million SLC | 28,056 million SLC | Mexico |
| 2000s | 25,538 million SLC | 36,953 million SLC | 11,415 million SLC | Mexico |
| 2010s | 36,940 million SLC | 26,946 million SLC | 9,994 million SLC | Argentina |
| 2020s | 37,988 million SLC | 25,866 million SLC | 12,122 million SLC | Argentina |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher consumption of fixed capital (agriculture, forestry and fishing), Argentina or Mexico?
- Mexico, at 28,423 million SLC against 26,484 million SLC in Argentina as of 2023.
- What is the difference in consumption of fixed capital (agriculture, forestry and fishing) between Argentina and Mexico?
- 1,939 million SLC, with Mexico ahead.
- How many years of comparable data are there for Argentina and Mexico?
- 29 years are reported by both, from 1995 to 2023.
- How do Argentina and Mexico rank globally for consumption of fixed capital (agriculture, forestry and fishing)?
- Argentina ranks 53rd and Mexico ranks 51st of 181 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Consumption of Fixed Capital (Agriculture, Forestry and Fishing) — Value Standard Local Currency, 2015 prices. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
As part of the FAO Agriculture Capital Stock (ACS) database, the Statistics Division of FAO publishes country-by-country data on physical investment in agriculture, forestry and fishing as measured by the System of National Accounts (SNA) concept of Gross Fixed Capital Formation (GFCF). Additional variables included in the ACS are Net and Gross Capital Stock, Consumption of Fixed Capital, the Agriculture Investment ratio, and the Gross Fixed Capital Formation Agriculture Orientation Index. The FAO Agriculture Capital Stock Database is an analytical database: whenever available, the database integrates official National Accounts data harvested from the UNSD National Accounts Main Aggregates Database (UNSD AMA) and the OECD Annual National Accounts Database (OECD ANA). The database is further supplemented by OECD Structural Analysis database (OECD STAN) and, in a few cases, data from country’s statistics websites. If the full set of official data is not available for any specific country, imputation methods are applied to obtain estimates over the complete time series. Many data points in ACS are estimated and are flagged as such; they do not represent official submissions by Member Countries. With a view of producing internationally comparable net capital stock estimates, the Perpetual Inventory Method (PIM) with a constant geometric depreciation rate is employed to impute missing data. The Perpetual Inventory Method is a well-established economic model to calculate Net Capital Stocks (NCS) and Consumption of Fixed Capital (CFC) from time series of Gross Fixed Capital Formation (GFCF). Specifically, annual measures of the NCS are obtained from cumulating historical series on physical investment flows and deducting the part of assets that are depreciated (the Consumption of Fixed Capital that occurs in every period). In order to implement the PIM, long time series on aggregate GFCF in agriculture, forestry and fishing is required.An attempt is made to rely as much as possible on National Accounts data published by the OECD and UNSD. When country data are partially or fully missing, econometric techniques to impute missing observations are employed. Depending on the pattern of data missingness for the countries, different imputation methods are applied (from among the ARIMAX, PANEL regression, and OLS approaches) for the data series from 1995 to 2022. The values of Agriculture Capital Stock related indicators for 2023, including Agriculture Investment Ratio, Agriculture Orientation Index, Net Capital Stock, Gross Fixed Capital Formation and Consumption of Fixed Capital, are estimated using the Holt-Winters (HW) method (Cipra et al., 1995). The HW method is an exponential smoothing method for forecasting the annual values of economic variables. In this context, the HW method relies on existing (historical) values of the Agriculture Capital Stock. The predicted value is an extrapolation of the historical values to the specified target date, which extends the timeline without considering seasonality in the annual series.All data series in the database are provided both in national currencies and in US dollars as well as in current prices and constant prices with base year 2015.