Price Level of GDP, G-K method for France
PLOGDPFRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.21
Year-over-Year Change
10.72%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for France measures the price level of France's gross domestic product using the Geary-Khamis method. This metric is crucial for analyzing the cost of living and purchasing power 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
The Price Level of GDP, G-K method for France is an index that reflects the overall price level of goods and services produced within the French economy. The Geary-Khamis method used to calculate this metric allows for international comparisons of living standards and competitiveness.
Methodology
The data is collected and calculated by the OECD using national accounts information and purchasing power parity estimates.
Historical Context
This price level index is used by economists, policymakers, and international institutions to evaluate the relative cost of living and economic performance in France.
Key Facts
- France's price level of GDP was 102.75 in 2021.
- The price level index uses the U.S. as the base country at 100.
- The Geary-Khamis method accounts for differences in purchasing power across countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for France measures the overall price level of goods and services produced within the French economy, using the Geary-Khamis international comparison method.
Q: Why is this trend relevant for users or analysts?
A: This price level index is crucial for analyzing the cost of living and purchasing power in France compared to other countries, which is valuable information for economists, policymakers, and international institutions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using national accounts information and purchasing power parity estimates.
Q: How is this trend used in economic policy?
A: The price level index is used to evaluate the relative cost of living and economic performance in France, informing policy decisions and comparisons with other countries.
Q: Are there update delays or limitations?
A: The OECD publishes this data annually, with a delay of approximately one year.
Related Trends
Price Level of GDP, G-K method for Papua New Guinea
PLOGDPPGA621NUPN
Price Level of Investment for United Arab Emirates
PLOINVAEA624NUPN
Price Level of Investment for Slovak Republic
PLOINVSKA624NUPN
Price Level of Investment for Estonia
PLOINVEEA624NUPN
Price Level of GDP, average of GEKS-CPDW for Finland
PL2GDPFIA621NUPN
Price Level of Government Consumption for Mali
PLOGINMLA623NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for France (PLOGDPFRA621NUPN), retrieved from FRED.