Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for France
PC2GDPFRA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,250.28
Year-over-Year Change
47.10%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the purchasing power parity converted GDP per capita for France, providing a standardized metric for international economic comparisons.
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
Purchasing power parity (PPP) GDP per capita is an economic indicator that adjusts a country's GDP to account for differences in the cost of living, allowing for more accurate cross-country comparisons of material well-being.
Methodology
The data is calculated by the World Bank using the Geary-Khamis 'international dollar' system.
Historical Context
This metric is widely used by economists, policymakers, and global institutions to assess relative economic development and living standards.
Key Facts
- France's PPP-adjusted GDP per capita was $46,590 in 2021.
- France ranks 18th globally in PPP GDP per capita.
- PPP adjustments account for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures France's GDP per capita adjusted for purchasing power parity, providing a standardized metric for international economic comparisons.
Q: Why is this trend relevant for users or analysts?
A: PPP-adjusted GDP per capita is a key indicator of a country's material living standards and is widely used by economists, policymakers, and global institutions to assess relative economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis 'international dollar' system to adjust for differences in the cost of living across countries.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, international organizations, and analysts to compare economic performance and living standards across countries, informing policy decisions and economic strategies.
Q: Are there update delays or limitations?
A: The data is typically updated annually, with a lag of around 1-2 years. Limitations include the complexities of accurately measuring and comparing price levels across diverse economies.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for France (PC2GDPFRA620NUPN), retrieved from FRED.