Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for France
Annual
CCRETT02FRA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.43
Year-over-Year Change
-7.53%
Date Range
1/1/1970 - 1/1/2024
Summary
The 'Annual' economic trend measures the annual percent change in real consumption in France. This metric is a key indicator of consumer spending and economic growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Annual' trend tracks the year-over-year percent change in real household final consumption expenditure in France. This consumption data is a widely-used proxy for overall economic activity and consumer demand.
Methodology
The data is collected and calculated by the OECD based on national accounts statistics.
Historical Context
Economists and policymakers closely monitor household consumption trends to assess the health of the French economy.
Key Facts
- Annual consumption grew 4.6% in 2021.
- Consumption declined 7.1% in 2020 due to the COVID-19 pandemic.
- France's consumption level remains below pre-pandemic highs.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the year-over-year percent change in real household consumption expenditure in France.
Q: Why is this trend relevant for users or analysts?
A: Household consumption is a critical component of overall economic activity, making this metric highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on France's national accounts statistics.
Q: How is this trend used in economic policy?
A: Consumption data is closely monitored by the French government and central bank to assess the strength of consumer demand and overall economic conditions.
Q: Are there update delays or limitations?
A: The OECD data is published with a lag, typically several months after the end of the reference period.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for France
FRACP120000IXOBM
Bank Lending Deposit Spread for France
DDEI02FRA156NWDB
Harmonized Index of Consumer Prices: Education for France
CP1000FRM086NEST
Bank's Net Interest Margin for France
DDEI01FRA156NWDB
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for France
IR3TIB01FRM156N
Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for France
LFACTTMAFRQ647S
Citation
U.S. Federal Reserve, CCRETT02FRA661N (Annual), retrieved from FRED.