National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for France
FRAPFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
379,883,500,000.00
Year-over-Year Change
15.56%
Date Range
1/1/1980 - 7/1/2023
Summary
This economic trend measures the total value of private consumption expenditure in France, a key component of GDP. It provides insight into consumer demand and can inform policymakers and analysts on the state 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
Private Final Consumption Expenditure (PFCE) represents the total value of goods and services purchased by French households. It is a critical indicator of domestic economic activity and consumer confidence, and is used to assess the strength of France's economy.
Methodology
The data is collected by the French National Institute of Statistics and Economic Studies (INSEE) based on surveys and national accounts.
Historical Context
PFCE is closely monitored by economists, policymakers, and investors to gauge consumer spending patterns and their impact on overall economic performance.
Key Facts
- PFCE accounts for over 50% of France's GDP.
- PFCE grew by 2.3% in 2021 compared to the previous year.
- Consumer spending is a key driver of economic growth in France.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of private consumption expenditure in France, which includes household spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: PFCE is a critical indicator of domestic economic activity and consumer confidence in France, providing insights into the strength of the French economy.
Q: How is this data collected or calculated?
A: The data is collected by the French National Institute of Statistics and Economic Studies (INSEE) based on surveys and national accounts.
Q: How is this trend used in economic policy?
A: PFCE is closely monitored by economists, policymakers, and investors to gauge consumer spending patterns and their impact on overall economic performance in France.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 2-3 months.
Related Trends
Value of Exports to France from Louisiana
LAFRAA052SCEN
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for France
LREM24TTFRQ156S
Harmonized Index of Consumer Prices: Energy for France
ENRGY0FRM086NEST
Harmonized Index of Consumer Prices: Pharmaceutical Products for France
CP0611FRM086NEST
Real Gross Capital Formation for France
NIRNSAXDCFRQ
Gross Fixed Capital Formation in France
FRAGFCFQDSNAQ
Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for France (FRAPFCEQDSMEI), retrieved from FRED.