Output-side Real GDP at Current Purchasing Power Parities for France
CGDPOSFRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,950,146.25
Year-over-Year Change
16.87%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of France, adjusted for purchasing power parity (PPP). It provides insights into the overall size and productivity of the French economy.
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 output-side real GDP at current purchasing power parities metric represents the total value of all goods and services produced within France, adjusted for differences in price levels between countries. This allows for more accurate comparisons of economic activity across nations.
Methodology
The data is calculated by the OECD using national accounts information and PPP conversion factors.
Historical Context
Policymakers and analysts use this trend to evaluate France's economic performance and competitiveness relative to other major economies.
Key Facts
- France's output-side real GDP at current PPP was $2.9 trillion in 2021.
- This metric has grown at an average annual rate of 1.4% over the past decade.
- France ranks 7th globally in terms of total real GDP adjusted for purchasing power.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of all goods and services produced within France, adjusted for differences in price levels between countries using purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate picture of France's economic size and productivity compared to a simple exchange rate-based GDP measure. It is useful for evaluating France's economic performance and competitiveness relative to other major economies.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this output-side real GDP at current PPP trend to assess France's economic growth, productivity, and competitiveness within the global economy. It informs decision-making around fiscal, monetary, and trade policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year. There may also be revisions to historical values as statistical methodologies are updated.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for France (CGDPOSFRA666NRUG), retrieved from FRED.