National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for France
Growth rate previous period, Annual
NAEXKP07FRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.21
Year-over-Year Change
-465.57%
Date Range
1/1/1961 - 1/1/2024
Summary
The Growth rate previous period, Annual metric measures the year-over-year change in economic output for France. It is a key indicator of overall economic health and growth momentum.
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 annual growth rate reflects the percent change in France's real gross domestic product (GDP) compared to the previous year. It is a widely-tracked measure of the country's macroeconomic performance and used by policymakers, analysts, and investors to assess the strength of the French economy.
Methodology
The data is calculated by the OECD using official government statistics and national accounts information.
Historical Context
The growth rate is referenced by the French government, central bank, and international organizations when evaluating economic policies and market conditions.
Key Facts
- France's GDP grew 2.8% in 2021 over 2020.
- This was the fastest annual growth rate since 2017.
- The COVID-19 pandemic caused a 7.9% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Annual metric measures the year-over-year percent change in France's real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This annual growth rate is a key indicator of France's overall economic health and performance, providing insight into the strength and momentum of the country's macroeconomic expansion or contraction.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using official government statistics and national accounts information.
Q: How is this trend used in economic policy?
A: The French government, central bank, and international organizations reference the annual GDP growth rate when evaluating economic policies and market conditions.
Q: Are there update delays or limitations?
A: The data is published on an annual basis with a lag of several months.
Related Trends
International Merchandise Trade Statistics: Imports: Commodities for France
XTIMVA01FRM667S
Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 74 Years for France
LRIN74TTFRA156N
Production: Manufacturing: Consumer Goods: Non-Durable Goods for France
PRMNCG03FRQ661N
Production: Manufacturing: Total Manufacturing for France
FRAPRMNTO01GYSAM
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Compensation per Unit of Labor Input: Total for France
ULQECU01FRQ661N
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for France
FRACP120000GPQ
Citation
U.S. Federal Reserve, Growth rate previous period, Annual (NAEXKP07FRA657S), retrieved from FRED.