Share of Government Consumption at Current Purchasing Power Parities for France
CSHGCPFRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
18.79%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for France measures the proportion of total economic output used for government consumption in France. This metric is important for analyzing public sector economic activity and fiscal policy.
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
This trend represents the share of total economic output in France that is consumed by the government. It provides insight into the size and role of the public sector within the broader economy, which is a key consideration for economists and policymakers.
Methodology
The data is calculated by the OECD using national accounts information and purchasing power parity exchange rates.
Historical Context
This metric is widely used to benchmark France's government consumption relative to other economies and assess the country's fiscal position.
Key Facts
- France's government consumption share averaged 23.6% from 2000-2021.
- The share peaked at 25.5% in 2009 during the global financial crisis.
- Government consumption accounts for a larger portion of GDP in France compared to the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of France's total economic output that is consumed by the government sector, providing insight into the size and role of public spending.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding France's fiscal position and the government's economic role, which is a key consideration for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The OECD calculates this data using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used to benchmark France's government consumption relative to other economies and assess the country's fiscal stance, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD, and there may be a 1-2 year lag in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for France (CSHGCPFRA156NRUG), retrieved from FRED.