Output-side Real GDP at chained Purchasing Power Parities for France
RGDPOSFRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,946,958.25
Year-over-Year Change
15.74%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic series measures the real output-side gross domestic product (GDP) of France, adjusted for purchasing power parity (PPP). It is a key indicator of France's economic performance and living standards relative to other countries.
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
Output-side real GDP at PPP is a national accounting measure that captures the total value of goods and services produced in France, controlling for differences in price levels between countries. It is a more accurate reflection of France's economic capacity and living standards compared to using market exchange rates.
Methodology
The data is calculated by the OECD using national accounts statistics and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess France's economic competitiveness and living standards.
Key Facts
- France's output-side real GDP at PPP was $2.9 trillion in 2021.
- France has the world's 7th largest economy by this measure.
- France's per capita real GDP at PPP was $43,600 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 differences in price levels between countries using purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This PPP-adjusted real GDP measure provides a more accurate assessment of France's economic capacity and living standards compared to using market exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts statistics and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess France's economic competitiveness and living standards relative to other countries.
Q: Are there update delays or limitations?
A: There may be a lag of several months before the latest data is available, and the PPP methodology can have some limitations in capturing all price differences between countries.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for France (RGDPOSFRA666NRUG), retrieved from FRED.