Balance of Payments: Services: Expenditure for France
FRAB6DBSE01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83,392,450,000.00
Year-over-Year Change
15.84%
Date Range
1/1/1999 - 1/1/2025
Summary
The Balance of Payments: Services: Expenditure for France measures France's spending on international services trade. This metric is a key indicator of France's economic openness and integration with global markets.
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 Balance of Payments: Services: Expenditure for France tracks the value of services imported by France, including categories like travel, transportation, and business services. This data provides insights into France's participation in the global services economy and can inform assessments of the country's trade dynamics and competitiveness.
Methodology
The data is collected and reported by the French statistical agency, INSEE, based on surveys of firms and travelers.
Historical Context
Policymakers and analysts use this series to gauge France's services trade position and competitiveness within the European and global economies.
Key Facts
- France is the world's fifth-largest services exporter.
- Services account for over 70% of France's GDP.
- Travel and transportation are France's largest services imports.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Services: Expenditure for France measures the value of services imported by France, including categories like travel, transportation, and business services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into France's participation in the global services economy and can inform assessments of the country's trade dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the French statistical agency, INSEE, based on surveys of firms and travelers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to gauge France's services trade position and competitiveness within the European and global economies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag.
Related Trends
Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for France
FRALORSGPRTSTSAM
Producer Prices Index: Type of Goods: Consumer Goods: Total for France
PITGCG01FRM661N
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for France
FRACP120000IXNBQ
Capital Account, Net (Excludes Exceptional Financing) for France
CANEEFFRA052N
Consumer Price Index: Clothing and Footwear (COICOP 03): Total for France
FRACP030000GPM
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for France
IR3TIB01FRM156N
Citation
U.S. Federal Reserve, Balance of Payments: Services: Expenditure for France (FRAB6DBSE01CXCUSAQ), retrieved from FRED.