National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for France
FRAGFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163,348,900,000.00
Year-over-Year Change
12.95%
Date Range
1/1/1980 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in France, which represents spending by the French government on goods and services. It is a key component of gross domestic product (GDP) and provides insights into the role of the public sector in 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
Government final consumption expenditure tracks the value of goods and services consumed by the French government, including compensation of employees, intermediate consumption, and consumption of fixed capital. This data is used by economists and policymakers to analyze the size and role of the public sector in France's economic growth and development.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) based on national accounts data from the French government.
Historical Context
This trend is widely used by economists, analysts, and policymakers to assess the fiscal and macroeconomic policies of the French government.
Key Facts
- Government final consumption expenditure accounts for around 23% of France's GDP.
- France's government consumption has increased from 21% of GDP in 1960 to 23.8% in 2020.
- Government consumption is a major component of aggregate demand and influences GDP growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in France, which represents spending by the French government on goods and services.
Q: Why is this trend relevant for users or analysts?
A: Government consumption is a key component of GDP and provides insights into the role of the public sector in the French economy, which is useful for economists and policymakers analyzing fiscal and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on national accounts data from the French government.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, analysts, and policymakers to assess the fiscal and macroeconomic policies of the French government.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but may be subject to revisions and publication delays.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for France (FRAGFCEQDSMEI), retrieved from FRED.