Balance of Payments: Services: Expenditure for France
FRAB6DBSE02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.58
Year-over-Year Change
4.65%
Date Range
1/1/1999 - 10/1/2024
Summary
The Balance of Payments: Services: Expenditure for France measures the value of services purchased by French residents from foreign providers. This metric is important for assessing France's international trade position and competitiveness.
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 Balance of Payments: Services: Expenditure for France tracks spending by French consumers, businesses, and the government on imported services such as tourism, transportation, and professional services. Economists use this data to understand France's services trade balance and the country's overall economic integration with global markets.
Methodology
The data is collected by the Bank of France through surveys of businesses and government agencies.
Historical Context
This metric is used by policymakers and analysts to monitor France's external competitiveness and the health of the country's services sector.
Key Facts
- France's services expenditure was €253 billion in 2021.
- Services account for over 70% of France's total economy.
- France has run a services trade surplus for the past decade.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Services: Expenditure for France tracks the value of services purchased by French residents from foreign providers.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing France's international trade position, services sector competitiveness, and overall economic integration with global markets.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of France through surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor France's external competitiveness and the health of the country's services sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for France (FRAB6DBSE02STSAQ), retrieved from FRED.