National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for France
NAEXKP07FRQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
209,294,900,000.00
Year-over-Year Change
17.59%
Date Range
1/1/1980 - 7/1/2023
Summary
This economic trend measures France's imports of goods and services, a key component of Gross Domestic Product (GDP) by expenditure. Monitoring import levels provides insights into a country's trade balance and overall economic performance.
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 'National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for France' series tracks the total value of goods and services imported into the French economy, adjusted for inflation. This metric is essential for analyzing a country's trade position and competitiveness within global markets.
Methodology
The data is collected and calculated by the French National Institute of Statistics and Economic Studies (INSEE) as part of the national accounts system.
Historical Context
Economists and policymakers closely monitor import trends to assess a country's trade balance, exchange rate dynamics, and overall economic health.
Key Facts
- France's imports of goods and services account for around 30% of its GDP.
- Imports have grown steadily over the past decade, reflecting France's increasing economic integration.
- The COVID-19 pandemic led to a sharp decline in French imports in 2020 due to disrupted supply chains and reduced consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services imported into the French economy, a key component of the country's Gross Domestic Product (GDP) by expenditure.
Q: Why is this trend relevant for users or analysts?
A: Monitoring import levels provides insights into France's trade balance, exchange rate dynamics, and overall economic performance, which are crucial for economists, policymakers, and market analysts.
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) as part of the national accounts system.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor import trends to assess a country's trade balance, competitiveness, and overall economic health, which informs trade, monetary, and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical lag of 2-3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for France (NAEXKP07FRQ652S), retrieved from FRED.