National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for France
NAEXKP03FRQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144,688,300,000.00
Year-over-Year Change
4.76%
Date Range
1/1/1980 - 7/1/2023
Summary
The National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for France tracks government spending on goods and services in France, adjusted for inflation.
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 economic indicator represents the value of government consumption expenditures in France, which includes spending on public sector employee compensation, military equipment, and other government-provided goods and services. It is a key component of GDP and helps analysts understand the role of the public sector in the French economy.
Methodology
The data is collected by the French national statistical agency and calculated according to international GDP accounting standards.
Historical Context
This trend is closely watched by policymakers and economists to assess the fiscal stance and policies of the French government.
Key Facts
- Government consumption makes up about 23% of France's GDP.
- France's government spending has hovered around 55% of GDP in recent years.
- Public sector employment accounts for about 20% of total employment in France.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of government spending on goods and services in France, adjusted for inflation. It represents a key component of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This data is closely watched by policymakers and economists to assess the fiscal stance and policies of the French government.
Q: How is this data collected or calculated?
A: The data is collected by the French national statistical agency and calculated according to international GDP accounting standards.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to understand the role of the public sector in the French economy and evaluate the government's fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of a few months by the statistical agency.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for France (NAEXKP03FRQ189S), retrieved from FRED.