Real GDP at Constant National Prices for France
RGDPNAFRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,965,338.50
Year-over-Year Change
11.64%
Date Range
1/1/1950 - 1/1/2019
Summary
The Real GDP at Constant National Prices for France tracks the total value of goods and services produced in France, adjusted for inflation. This metric is a key indicator of the overall health and growth 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
This series measures France's real gross domestic product (GDP) using constant national prices to account for changes in purchasing power over time. Real GDP is a widely-used macroeconomic indicator that allows for comparisons of economic output across different periods.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information provided by the French government.
Historical Context
Real GDP is closely monitored by policymakers, analysts, and investors to assess France's economic performance and guide fiscal and monetary policy decisions.
Key Facts
- France's real GDP grew by 1.5% in 2021.
- The French economy contracted by 8% in 2020 due to the COVID-19 pandemic.
- Real GDP per capita in France was $39,957 in 2021.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services produced in France, adjusted for inflation. It provides a comprehensive gauge of the country's economic output.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator of a country's economic health and growth. It is closely monitored by policymakers, economists, and investors to assess France's economic performance and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information provided by the French government.
Q: How is this trend used in economic policy?
A: Real GDP is a key input for fiscal and monetary policy decisions in France. Policymakers use this metric to evaluate the state of the economy and determine appropriate policy interventions.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, as it relies on national accounts information from the French government.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for France (RGDPNAFRA666NRUG), retrieved from FRED.