National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for France
NAEXKP02FRQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
318,420,200,000.00
Year-over-Year Change
1.65%
Date Range
1/1/1980 - 7/1/2023
Summary
This economic trend measures private final consumption expenditure in France, adjusted for inflation. It is a key component of France's gross domestic product (GDP) and a vital indicator of consumer demand and economic activity.
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 represents the market value of all goods and services purchased by French households. It is a crucial metric for analyzing consumer spending patterns, household financial health, and overall economic performance in France.
Methodology
The data is collected and calculated by the French National Institute of Statistics and Economic Studies (INSEE) based on national accounts and household surveys.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the state of the French economy and inform economic policy decisions.
Key Facts
- France's private consumption accounts for over 50% of its GDP.
- Consumer spending grew by 2.3% in France in 2021.
- The COVID-19 pandemic caused a 7.1% decline in French private consumption in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the market value of all goods and services purchased by French households, adjusted for inflation. It is a key component of France's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Private final consumption expenditure is a vital indicator of consumer demand and overall economic activity in France. It is widely used by economists, policymakers, and market analysts to assess the state of the French economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the French National Institute of Statistics and Economic Studies (INSEE) based on national accounts and household surveys.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to evaluate the strength of consumer demand, household financial health, and overall economic performance in France, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 2-3 months. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for France (NAEXKP02FRQ189S), retrieved from FRED.