Gross Domestic Product for France
MKTGDPFRA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,162,079,073,495.78
Year-over-Year Change
17.86%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for France measures the total value of all goods and services produced within the French economy. As a key economic indicator, GDP is widely used to assess a country's economic performance and growth.
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
GDP is the broadest measure of economic activity and is a primary metric for evaluating the health and trajectory of a national economy. Analysts and policymakers closely monitor France's GDP to understand consumer demand, business investment, trade, and other macroeconomic factors.
Methodology
The GDP data is calculated quarterly by the World Bank using established national accounting standards.
Historical Context
France's GDP is a critical data point for investors, economists, and government agencies to gauge the strength of the Eurozone's second-largest economy.
Key Facts
- France is the Eurozone's second-largest economy after Germany.
- France's GDP grew by 2.1% in 2022.
- Services account for over 70% of France's GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for France measures the total monetary value of all the finished goods and services produced within the French economy during a given time period.
Q: Why is this trend relevant for users or analysts?
A: France's GDP is a key indicator of the overall health and performance of the Eurozone's second-largest economy, providing valuable insights for investors, policymakers, and economists.
Q: How is this data collected or calculated?
A: The GDP data is calculated quarterly by the World Bank using established national accounting standards.
Q: How is this trend used in economic policy?
A: Policymakers in France and the Eurozone closely monitor GDP to gauge consumer demand, business investment, trade, and other macroeconomic factors, informing fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The GDP data is reported quarterly, with a delay of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product for France (MKTGDPFRA646NWDB), retrieved from FRED.